0Fruit Cove, FL 32259

Property Details

Year built

2022

Property size (Sq ft)

1,200 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Fruit Cove

County

St. Johns

State

Florida

Latitude

30.0535

Longitude

-81.6254

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