MergerPlace

Rita’s Italian Ice in Middletown, NY

Middletown, New York (Orange)


  • Asking Price: $125,000
  • Gross Income: $170,000
  • Cash Flow: $24,000
  • Real Estate: Not Disclosed
  • Inventory: $1,000
  • FF&E: $60,000
  • Listing ID: #204299
  • Established: 2003
  • Employees: 0 FT - 12 PT

Business Description

Great opportunity get into a Rita’s Italian Ices Franchise, This is a retail dessert franchise operating since 2003. This is a family destination for dessert and family gatherings. They have over 1700 followers on their Facebook page. Rita's is well known in the community. Best in the area and they have only been open since summer of 2016. Great opportunity to have fun and only work part time.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: New York
Metropolitan Area: Middletown
County: Orange

Company Information

Year Established: 2003
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 0 FT - 12 PT

Financial Information

Asking Price: $125,000
Gross Revenue: $170,000
Cash Flow: $24,000
FF&E: $60,000
Inventory: $1,000
Seller Financing Available: No

Property Information

Facilities:

The store is a 1,500 square foot free-standing building in a plaza with a Rite-Aid Pharmacy and the landlord's Storage Facility.

Growth & expansion opportunities:

The Market is stable and future growth is immanent. A major Amusement Center, Legoland has been approved to build and will be less than 10 miles away. Resort World Casino and Resort is opening in the spring of 2018 and will bring a large amount of tourists to the Orange & Sullivan County areas.

Competition:

Middletown Area including Minisink school district, upper Goshen and clients as far as Pine Bush. Large traffic base from the local market as well as the College up the hill.

Reason for selling:

Seller may be moving out of the area.

Support & Training:

The seller will help with training.

Contact Business Seller

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Business Listed By:

Ron DeMara

Capital Business Solutions