Italian Water Ice -Only $45,000 Down - Netting $96k

Business
  • Listing# : 15829
  • Listed Price : $225,000
  • Total Sales : $224,351
  • SIC : 2024
  • Down Payment : $45,000
  • Status : Active
  • Discretionary Earnings : $96,788

Business Type :

Ice Cream/Yogurt/Ice / Flavored Ice, Ice Cream/Yogurt/Ice / Ice Cream Store

Business Description :

This business has been lender Pre-Qualified for a loan with only 20% down ($45,000). Owner would make $51,000 there first year after debt service is paid. Buyer would make their investment back in under 1 year. 

Also, the SBA is paying buyers first 3 payments on loan ($6,063) PLUS paying for your guarantee fee which is another $2,700. That is a total of $8,763 the SBA is paying! This SBA special is only good until September while funds last, so don't waste time!

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. 






Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $5,000
    • Incl : No
    • Liabilities $0
    • Incl :
    • FF&E $168,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $86,000
    • Incl : Yes
    • Total Assets $254,000
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Ice Cream/Yogurt/Ice