MergerPlace

Very Profitable Italian Water Ice -

Minnesota


  • Asking Price: $205,000
  • Gross Income: $224,351
  • Cash Flow: $96,788
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $168,000
  • Listing ID: #222164
  • Established: 2014
  • Employees: 12 PT

Business Description

Owner Financing! Only need 20% down to purchase this very profitable store. 2021 numbers are UP and getting more events to go to. Can close within 30 days!

Rita’s didn’t invent Italian Ice, but they certainly made it cool. This store made a net income in 2020 COVID TIMES of $96,000! Now in 2021 sales are exploding and getting a lot of bookings for events that they have to turn some away because they can't do them all. That’s what happens when you combine Italian Ice and happiness. This Rita's business has it all from walk-up service, events, food truck, push carts, CHC Field and more!!!

This is a great opportunity for someone to get into this already very successful business and grow it to new levels considering all the different avenues you can provide to the public. Remember this is a seasonal business and only open for 7.5 months out of the year and pulling in these big numbers!!


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Minnesota

Company Information

Year Established: 2014
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 12 PT

Financial Information

Asking Price: $205,000
Gross Revenue: $224,351
Cash Flow: $96,788
FF&E: $168,000
Seller Financing Available: Yes

Property Information

Reason for selling:

Focus on other business.

Support & Training:

Will train for 2 weeks @ no cost

Contact Business Seller

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Business Listed By:

Joe Chiarello

Murphy Business Brokers