Own a Successful and Popular Rita's Italian Ice Store and More!

Listing Number: 9525-481257

Description

This established, successful, business has been serving up yum since 2010 in its Fredericksburg location. Recently it has added a mobile store which has been met with great success and is on track to add more than 40% to the sales in 2024. The Franchisor, Rita’s Franchise Company, LLC, is headquartered in Trevose, PA, has more than 300 franchises locations in 31 states. They provide their store owners with a nationally recognized brand, excellent advertising and marketing support, plus business support.

With two additional Italian ice vending carts included in the sale, you can potentially sell at four locations simultaneously! The carts and truck can sell at summer events and corporate functions, while the brick-and-mortar shop serves regulars and produces batches of flavors for the outside sales events. With this model the potential for growth is almost unlimited!

The Seller is an owner-operator (preferred by the franchise) and is looking forward to retiring. The Seller will stay for up to 30-days after closing to augment the thorough and required corporate training provided by the Franchise. There are two key-employees who will stay with the business, and each can run the daily business at the Fredericksburg location while the Owner works the new mobile unit.

This is a simple credit card and cash business. Flavors are made fresh in the stores and the rest is all about serving them with a smile. Advertising is important to support continuous growth and the Franchise knows exactly which advertisements work best.

This is a great opportunity for new buyers to own a profitable and very popular business.

Listing Details

• Price: $919,000
• Down Payment: $919,000
• Sellers Discretionary Earnings: $192,000
• Total Sales: $450,000
• Location: Fredericksburg City, Virginia


• Inventory: $4,500
• FF&E: $150,000
• Employees: 4
• Year Established: 1984
• Reason for Selling: Other business interest
• Category: Ice Cream Yogurt Ice