For Sale
$175,000

0Fruit Cove, FL 32259

Established Ice Cream Shop, High Growth Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This thriving Rita's Franchise, established in 2022, presents a fantastic investment opportunity in the booming Fruit Cove neighborhood of St. Johns, Florida (zip code 32259). Located in a busy shopping center anchored by a Publix, this 1,200 square foot retail space offers ample parking and visibility. The current lease, expiring June 30, 2027, provides a five-year term with a monthly rent of $4,300, inclusive of CAM charges. The business boasts a strong customer base and significant growth potential in this up-and-coming area with limited competition. The sale includes all equipment, nearly new and meticulously maintained, ensuring a smooth transition and immediate profitability. The current owner is willing to provide two weeks of training post-sale, facilitating a seamless handover. The business currently employs ten people and has indoor seating for fourteen customers, along with outdoor seating. Financial information indicates a gross revenue of $333,408.93. While the asking price is $175,000, a one-time training and transfer fee of $17,500 is also required. Inventory is not included in the asking price. This turnkey operation is ready for a new owner to step in and generate sales from day one. The franchise offers a comprehensive training program, ensuring operational success. This is a rare opportunity to acquire a well-established, profitable franchise in a prime location.

Highlights

  • Established 2022 Rita's Franchise for sale.
  • Asking price: $175,000 plus a $17,500 transfer fee (inventory not included).
  • Gross revenue: $333,408.93.
  • 1,200 sq ft leased space in a Publix-anchored shopping center in Fruit Cove, St. Johns, FL (32259).
  • Five-year lease expiring June 30, 2027, with $4,300 monthly rent (CAM included).
  • Includes all equipment; owner provides two weeks of training.

Property Details

Property type
Retail properties, Restaurants
Square Feet
1,200 SF
Year Built
2022

Location Insight

City
Fruit Cove
County
St. Johns
State
Florida
Latitude
30.0535265
Longitude
-81.6254283
Fruit Cove, Florida

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