Oct 31, 2018 — This is an amazing opportunity to buy a growing Rita’s Italian Ice. Rita's serves two core products in creative combinations: Italian ice and frozen custard. That alone makes Rita’s unique among all the frozen dessert and ice cream franchises out there; no one else offers what Rita’s offers to their guests.
We rate this Rita’s purchase opportunity as a B + purchase for an owner operator. It is sitting at a pivotal time where it went through a transition period for 2 years. The seller was hindered by a family emergency.
2018 has been a great year for the business. 2018 sales YTD Sept was $132K compared to 2017 sales of $129K same period with profit margin increasing from a small loss in 2017 to Sept profits already exceeding $21K.
The seller must relocate and the business is priced below market value.