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Rita's Italian Ice Franchise for Sale Includes Two Separate Venue Locations

Here’s an Incredibly High Earning Rita's Italian Ice Franchise for Sale that includes TWO separate venue locations.  This opportunity is seeing High Earnings of $170,000.  One brick and mortar and two venue locations makes it as if you are getting THREE profitable locations for the price of one!   SBA lending no problem on a money-maker like this one!  Another lucrative contract will be  signed to bring in and estimated $200,000 in additional revenue and $50,000 in profit!
 
This Rita's Italian Ice Franchise for Sale could not be in a better area than Philadelphia which is Rita's Territory i.e Rita’s Franchise Corp is based in Philadelphia suburb!  The past 5 years have shown consistent growth in this location and within the franchise brand. Frozen dessert businesses continue to be a consistent choice by families no matter economic/social conditions (recession, inflation, pandemic), you really could not ask for a better place to purchase a Franchises for sale!
 
This High Six-Figure Earning Rita's Italian Ice Franchise for Sale will qualify for SBA lending and you will be approved in no time at all! When you bring 20% percent to the table, the rest will be financed over the span of 10 years!  We Sell Restaurants can get you in touch with one of our SBA lenders and you can have approval in a matter of days!

This Rita's Italian Ice Franchise for Sale operates out of a 1,200 square foot space with an additional 900 square foot basement that offers plenty of storage!  The lease is valid through 2024 and includes an additional 5-year option to renew.  

What makes this Rita's Italian Ice Franchise for Sale so unique is the Two Separate Venue locations!  Not only do you get one profitable location, but what's driving these sales and earnings are the additional revenue streams of these venues.  The sellers have also just secured another lucrative contract that are projected to increase profits by approximately $50,000. There is another potential contract in negotiation.  The seller is continuing to solicit new event contracts for expanding the off premise business. Current pricing based on 2022 earnings and profits. New contracts may be subject to renegotiated terms. Seller may be willing to remain in some capacity for business development.

This is a rare opportunity to purchase a simple to run and operate concept with MASSIVE returns!  Did we mention it's seasonality?  When you purchase this Rita's Italian Ice Franchise for Sale you aren't staying open late nights, dealing with liquor licenses, permits for alcohol, and having to have tons of staff!  You get incredibly high earnings all in nine months a year!  Take your earnings and travel during the winter, or just relax and unwind for four months, when you are the boss you get to choose!

 Don’t worry about joining a brand that you aren’t experienced with! When you purchase this Franchises for sale, you will be getting all the training and continued support that comes with this well-known brand!  The franchise transfer fee of 17500.00 ( and $7500/venue)is charged by the brand to cover your training and the remaining term of the franchise agreement.

Royalties for this Franchises for sale are a reasonable 6% of sales. The marketing fees are charged by the brand for countrywide promotional purposes and are just 2% percent of sales.

Are you ready to join this winning brand by purchasing this Franchises for sale? Contact the restaurant brokers today!

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This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval. The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios. The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise. The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.

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Listing

  • Listing#: 9616
  • Price: $549000
  • Location: Philadelphia

Lease Term: Expires 2024 with one five-year option remaning

Monthly Rent: $3900,

Indoor Seating: NA

Inside Sq. Ft: 1200,

Hood System: Yes

Hours Open: 11:30 to 10Pm (9PM in shoulder months)

# of Part-Time Employees: 47

# of Full-Time Employees: 3 includes 1 owner

Net Sales: $569710.00

Owner Benefit: $130358

Features

  • High Six-Figure Earnings
  • Lucrative Deals already inked for additional revenue
  • One brick and mortar location and contracts at two music venues
  • Limited Hours and Limited Months of Operating
  • Simple to Run Concept with Major Returns
  • Low Rent and favorable lease for this profitable location
  • Rita's Italian Ice
  • Ice + Custard = Happiness!
  • Franchise for Sale
Rita's Italian Ice Franchise for Sale Includes Two Separate Venue Locations

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