Business Overview

This business has been pre-qualified for a loan with buyer only needing 10% down ($35,000). Buyer would take home after paying debt service $82,000. Buyer would earn their down deposit back within 3 months since this business is only open for 7 months out of the year!

It’s that time of year to think Rita’s for the upcoming season! It’s ready for a hands off owner that only will have to over see it. Rita’s is BOOMING in this area in PA. This is your chance to get into the business with the world’s largest and BEST water ice business. The best thing about the business is that everyone wants to work there and you’re closed for FIVE months out of the year!!!

Easy to run as an absentee owner or part time. The equipment is in great condition and only 5 years young!

Financial

  • Asking Price: $350,000
  • Cash Flow: $126,571
  • Gross Revenue: $297,326
  • EBITDA: N/A
  • FF&E: $185,000
  • Inventory: $5,000
  • Inventory Included: N/A
  • Established: 2016

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Will train for 2 weeks @ $0 cost.

Purpose For Selling:

Moving.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The venture was started in 2016, making the business 6 years old.
The transaction shall not include inventory valued at $5,000*, which ins't included in the requested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals choose to sell companies. Nevertheless, the true reason vs the one they say to you might be 2 totally different things. For instance, they may claim "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might simply be justifications to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in incomes, or a variety of various other factors. This is why it is extremely essential that you not depend completely on a vendor's word, however rather, make use of the seller's solution combined with your total due diligence. This will paint a more realistic image of the business's present circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies finance loans with the purpose of covering things such as stock, payroll, accounts payable, etc. Bear in mind that sometimes this can mean that earnings margins are too thin. Numerous organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that need to be satisfied or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area attract new consumers? Most times, businesses have repeat clients, which create the core of their daily profits. Certain factors such as brand-new competitors growing up around the location, road building and construction, and personnel turn over can influence repeat customers and also adversely influence future incomes. One essential thing to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the higher the chance to develop a returning customer base. A last thought is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? Just how might the local median family earnings effect future earnings potential?