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Well Established Rita's Water Ice
Location: United States -> New Jersey
Industry: Franchises > Food and Beverages




Business Summary

Rita's Water Ice PRICE REDUCED - Netting $57,000
ONLY 20% DOWN - $25,000! MAKE $41,046 FIRST YEAR AFTER PAYING DEBT SERVICE...THAT'S ALMOST HALF A YEAR TO GET YOUR INVESTMENT BACK!

Bank financing already in place for a qualified buyer. In 2019 season they were up 9% in sales and have had 4 years straight with increased sales! They are open right now for 2020 and doing great even in this pandemic we are going through. This summer no one will be going on vacation and staying home so sales are going to be great since everyone will be around!

This store is fully staffed for 2020 season and run absentee!

This is a seasonal business operating 8 months a year. Room for growth, strong brand recognition, seasonal, increasing sales.

There is a large strip center across the street. Dunkin Donuts, Quick Check. Regional high school down the street. This business is ideal for a hands on owner with minimal down to get started!

Selling price:125,000
For more information,please contact Joe Chiarello @ 856-595-9010


Financials

Asking Price Range:  < $250K
Gross Revenues:   $189,940
Cash Flow:   $58,819
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $175,000
Seller Financing:  No

About The Business

Year Established:  2005
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  Yes
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Reason For Selling:  Downsizing from 3 to 2 businesses.

Photos

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Well Established Rita's Water Ice Photo 1




Print Listing Id: 700342179
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Related Searches: Food and Beverages  >  Retail  >  Service  >  Other Franchises  > 

Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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