About this Business for sale in NCRRita’s.Ice.Custard.Happiness
Rita’s Italian Ice started in 1984 in Pennsylvania, U.S.A., and grew into a franchise business with approximately 600 units in the U.S. and worldwide. It offers fruity, frozen treats based on two core products – Italian ice (or water ice) and frozen custard – mixed in a variety of ways with real fruit for a simple, yet delicious and refreshing, menu for its customers.
Rita’s Italian Ice Philippines, the only Rita’s franchise is Asia, opened its first company-owned branch in U.P, Town Center (UPTC) in Quezon City in 2015. This was followed with four (4) more branches over the years, i.e. Ayala Malls The 30th in Pasig City, Greenhills in San Juan City, SM Mall of Asia (MOA) in Pasay City and Alabang Town Center in Muntinlupa City. To-date, only its UPTC branch is operating.
Up for sale are the rights to the Master Franchisee license for the entire Philippines with 17 years remaining in the franchise agreement as well as all the assets of the entire franchise business comprising the kitchen equipment of the commissary, the kitchen and store equipment of the branches, all furniture & fixtures and office equipment, and all delivery vehicles.
Grab this chance to own and operate this easily scalable business of a well-known international brand. Its simple menu, low staffing and product costs, and low-maintenance operation can potentially yield strong margins.
Call now for more information!
Note: A detailed Information Memorandum (IM) information can be made available to pre-qualified buyers who have signed LINK’s Buyer Non-Disclosure Agreement (NDA).
+63 2 7900 8000
+63 920 922 8090
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.