Reduced - Rita's South Street
Philadelphia, PA
| Asking Price: | $175,000 |
| Inventory: | $5,000 |
| Established Year: | 1990 |
| Gross Revenue: | $291,000 |
| Rent: | $3,500/Month |
Listing ID: 1995470Listing provided by BizBuySell
BUSINESS DESCRIPTION
Reduced - Rita's Italian Ice is a well know dessert franchise. Reduced to $175k, AS IS for fast sale. Inventory is not included in the sale. On one of the most popular streets in Philadelphia. This store is in the heart of the tourist district and has a strong community connection. The location is a set back walk-up window operation. Desserts served are Water Ice in many various flavors such as Mango, Cherry and Lemon and Old Fashion Custard served in a cup or cone, drinks such as the Blendini and Misto. All refreshing and served during the months of March to September. You may extend the season all year long if you wish. Store can be moved.
DETAILED INFORMATION
Location
Philadelphia, PA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
800
Employees
10
Facilities
All equipment and leasehold improvements are included in the sale. Inventory is not included. You may move the store to another location within the territory. Territory is Market to Washington and Broad to 95.
Competition
Franchisor and Franchisee both market. National and local levels.
Growth & Expansion
Catering and Cart sales can increase gross revenue.
Financing
Franchisor requires $300,000 of net worth to be awarded a Franchise
Support & Training
Franchisor will train the new owner. Comprehensive training from Corporate.
Reason for Selling
Downsizing
Franchise
This business is an established franchise
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