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Listing: # 8310

Price: $ 120,000

Location: HOUSTON

Listing Profile


Fast Food Establishment

Purchase Price: $120,000
Real Estate Price: $0
Working Capital: $0
Total Investment: $120,000
Down Payment Required: $120,000
Gross Revenue: $241,168
Discretionary Earnings: $53,495
Imputed Rent: $0
Total Cash Flow: $0

Description and Operations

Established Date: 2016
Monthly Rent: $5,953.37
Reason for Sale: Sellers liquidating as part of a divorce.
Employees(Full): 0
Employees(P/T): 3

Reason for Sale:
Sellers liquidating as part of a divorce.

When the weather is hot, and it seems it is always hot in Houston, people think about grabbing a cool dessert or treat. This Rita's Italian Ice franchise offers a variety of cool treats to satisfy these cravings. Rita's franchises have been in business over 35 years and the brand name is a powerhouse in the frozen dessert space. The franchisor is here to stay and provides great training and support to its franchisees. They are known for their “made fresh daily” Italian ice, award-winning frozen custard, gelati, sundaes, and shakes. Loyal customers keep coming back for the quality products, top-notch service and family-friendly atmosphere. Consistent 4.5 star reviews on Google reviews. Great location in the heart of the Heights area. Covered outdoor patio. This store is one of the top performers in the region, having increased sales every year and winning numerous franchise awards in Operational Excellence. They are heavily involved in the community and have partnerships with many local schools, businesses and sporting organizations. Buyer to pay $15,000 transfer fee. This location cost over $300,000 in initial store startup. Personal reasons force a sale at a price well below asset value. Ices and custards make people happy - you are always working in an environment with happy customers and happy employees. This is your chance to own a business that is fun to run and simple to operate. Picture yourself as the proud owner of a business that is well established, loved by your customers, important in the community and poised for strong growth – all purchased at a bargain price!

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