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7525 Tilghman Street

ALLENTOWN, PA 18106
  • $575,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: PALH2001664
UPDATED: 64 min ago
$575,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Business Opportunity
Built:
1986
County:

School Ratings & Info

School District:

Description

2 Restaurants for Sale for the price of 1. Real Estate NOT included. The first business is Rita's Italian Ice Franchise. It is a great business opportunity. It is a proven concept where "Ice Custard Happiness" is a way of life. This Rita's is Open YEAR Round. You do not see many Rita's in Pennsylvania open year round so this is a great money maker even in the winter. People LOVE their Rita's anytime of the year. With this Rita's franchise you get 2 weeks training from the corporate office as well as support from the seller. There is 8 years left on the Franchise agreement as well as options to renew. Transfer fee to Rita's is $17500.00. All equipment and branding are in place at this Rita's Italian Ice location including, POS, Dip Boxes, 2 Custard Machines, 2 Ice Making Machines, Mixing Equipment, Novelty Freezer, everything you need to operate the store, brand signage and more. The other business in this location is Nick's Bistro and Pizzeria. Their menu includes Appetizers, Pizza, Cheesesteaks, Hot and Cold Sandwiches, Stromboli, Calzones, Italian Dinners, Wraps, Soups and Salads, Desserts. All equipment is included in sale. You will also receive support/training from the seller for this restaurant. All booths, tables, chairs, restrooms, backroom, walk in coolers are shared between the 2 restaurants. The Pizzeria is currently open 6 days a week but making it 7 days would add on more sales, The books are kept separate so you can see income and expenses for each restaurant. Lease is for both restaurants combined. There is 8 years remaining on the lease with a 10 year option to renew. Rent is $3500 a month plus CAM Charges. There are tables and chairs that are included in sale for you to put outside in the spring for your customers use. Current inventory value at time of sale is not included in purchase price and must be paid to seller at closing. There is so much that can be done with both of these restaurants within the community. Doing fundraisers with the local schools can bring in additional dollars. Alot of warehouses/businesses in the area for you to do catering. Current owner has done a few catering jobs but there is so much more that can be done in that area. The options are limitless. Serious buyers only. Clients will need to sign a Confidentiality Disclosure before a showing or release of any financial documents. Clients would have to submit 2 years financials, 2 months bank statements and a credit report would be obtained with a signed agreement of sale.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Compass. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-01-22T15:50:52.95.
www.heavenleerealtor.com/homes/124173735
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7525 Tilghman Street ALLENTOWN, PA 18106

  • Price: $575,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 64 min ago
  • ID#: PALH2001664
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1986
Built
Neighborhood:
Upper Macungie Twp (12320)
County:
Lehigh
Area:
Upper Macungie Twp (12320)
School District:
Parkland
Property Description
2 Restaurants for Sale for the price of 1. Real Estate NOT included. The first business is Rita's Italian Ice Franchise. It is a great business opportunity. It is a proven concept where "Ice Custard Happiness" is a way of life. This Rita's is Open YEAR Round. You do not see many Rita's in Pennsylvania open year round so this is a great money maker even in the winter. People LOVE their Rita's anytime of the year. With this Rita's franchise you get 2 weeks training from the corporate office as well as support from the seller. There is 8 years left on the Franchise agreement as well as options to renew. Transfer fee to Rita's is $17500.00. All equipment and branding are in place at this Rita's Italian Ice location including, POS, Dip Boxes, 2 Custard Machines, 2 Ice Making Machines, Mixing Equipment, Novelty Freezer, everything you need to operate the store, brand signage and more. The other business in this location is Nick's Bistro and Pizzeria. Their menu includes Appetizers, Pizza, Cheesesteaks, Hot and Cold Sandwiches, Stromboli, Calzones, Italian Dinners, Wraps, Soups and Salads, Desserts. All equipment is included in sale. You will also receive support/training from the seller for this restaurant. All booths, tables, chairs, restrooms, backroom, walk in coolers are shared between the 2 restaurants. The Pizzeria is currently open 6 days a week but making it 7 days would add on more sales, The books are kept separate so you can see income and expenses for each restaurant. Lease is for both restaurants combined. There is 8 years remaining on the lease with a 10 year option to renew. Rent is $3500 a month plus CAM Charges. There are tables and chairs that are included in sale for you to put outside in the spring for your customers use. Current inventory value at time of sale is not included in purchase price and must be paid to seller at closing. There is so much that can be done with both of these restaurants within the community. Doing fundraisers with the local schools can bring in additional dollars. Alot of warehouses/businesses in the area for you to do catering. Current owner has done a few catering jobs but there is so much more that can be done in that area. The options are limitless. Serious buyers only. Clients will need to sign a Confidentiality Disclosure before a showing or release of any financial documents. Clients would have to submit 2 years financials, 2 months bank statements and a credit report would be obtained with a signed agreement of sale.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3500.00 Heating Forced Air Heating YN Yes Inclusions All Business Equipment And inventory At Time Of Sale.

Property Features

Acceptable Financing CashOther Accessibility Features Ramp - Main Level Business Type Restaurant/Bar Central Air YN No Current Use Restaurant Heating Fuel Electric Historic YN No Hot Water Natural Gas Lease Considered YN No Municipality Upper Macungie Twp Navigable Water YN N New Construction YN No Original MLSNumber 801249696198 Ownership Interest Other Possession Immediate Property Sub Type Retail Sale Type Other Sewer Public Sewer Tax Annual Amount 0.00 Tax Assessment Amount 0.00 Vacation Rental YN No Water Source Public Zoning Commercial

Listing courtesy of Keller Williams Platinum Realty.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Compass. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-01-22T15:50:52.95.
 
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Compass
54 W. State St
Doylestown PA, 18901