Ritas Dessert Franchise In Philadelphia For Sale

Business description

Successful fast food franchise in an active commercial area
of Eastern Pennsylvania with a huge population of residents
and businesses and close to a major intersection. This
location has onsite parking in an urban heavy vehicle and
pedestrian traffic neighborhood. This business opportunity
affords the owner to take off 3 to 4 months yearly. The facility
is close to a new active public school with thousands of
young students. Rita s originated in 1984 and has now
developed to a well know company with 561 locations in 18
states. This location was opened in 1999 with a new design
and this location is opened from March 1 to October. Rita s
has been consistently ranked as a top desert franchises in
the United States. The products that are offered include
water ice, Gelati s, Minto s, Blendini s, pretzels, and water.
This store has had a yearly increase in sales each year of
operation and expects a substantial growth for the 2012 year.
The sale includes a full commercial kitchen specifically for
this Ice food product, refrigeration, POS computer system,
numerous displays, etc. The facility has a Fast Food walk up
counter which serves a large volume of customers. Parking:
Ample private and municipal parking is available and part of
the lease agreement. The business is active seven months
yearly with hours from 11:00 am to 9:00 pm, seven days per
week. The business requires franchise approval to serve this
food product. The sale includes a long term corporate lease
agreement with a yearly rent of $17,500. Public utilities,
water, gas, electric, telephone and a complete expense list
are available. The business has a substantial markup due to
the low cost of goods with an average gross margin of 70%.
The present owner is absentee and will offer training and
post closing assistance to the new owner.

Property information

Premises details:

The facility is well maintain, clean modern and consists of 650 square feet with a pleasant atmosphere. The business has a large walk up counter for quick convenient service to the customers it serves. Located in an active area of Philadelphia Pennsylvania and in a modern attractive setting with many other commercial businesses. The business is on a highly trafficked county road with lots of drive by traffic and convenient access to the facility.

Business Operation

Expansion potential:

The owner is presently absentee and with on site management and an improved marketing plan the business can be further developed.

Competition / Market:

The franchise and seller will supply a non compete agreement for this particular location.

Reasons for selling:

Absentee owner and in an alternative industry.

Employees:

5

Years established:

1999

Other information

Support & training:

Seller will supply a full transitional period to the new operator and will remain post closing for sixty days after closing.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller financing available to qualified buyers.

Furniture / Fixtures value:

$125,000 (included in the asking price)

Inventory / Stock value:

$1,500