Fruit Cove, FL 32259
- Retail properties
- 1,200 SF
Current Use by Public Records
- Retail properties
Property Details
- Year built
- 2022
- Property size
- 1,200 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fruit Cove
- County
- St. Johns
- State
- Florida
- Longitude
- -81.6254
- Latitude
- 30.0535
