Full Answer
How much do Rita's franchise owners make?
Average Rita's Italian Ice Owner yearly pay in the United States is approximately $30,000, which is 51% below the national average.
How much is Rita's Ice worth?
Rita's Italian IceTrade nameRita's Italian IceRevenueUS$51 million (2019)OwnerArgosy Private Equity (50%) MTN Capital (50%)Number of employees5,000 (2021)Websiteritasice.com11 more rows
How many Rita's locations are there?
547 stores To navigate, press the arrow keys.
Is owning a Rita's profitable?
With simple operations and lower cost of goods compared to other foodservice brands, Rita's franchise owners appreciate the chance to grow their revenues and their business through multi-unit ownership. “Rita's is a high-margin business,” says South Carolina multi-unit franchisee Brett Hrovat.
How profitable is Italian ice business?
How much profit can an italian ice business make? A small scoop of water ice in a cup with a spoon costs around 35 cents to make and will sell well for two dollars. That is almost 600% profit! Italian ice has a long shelf-life if frozen, and it is rare to lose money through spoilage.
Who is the CEO of Rita?
Linda Chadwick (Sep 23, 2017–)Rita's Italian Ice / CEO
Is Rita's in every state?
There are 26 US States and Territories without any Rita's Italian Ice locations.
What is a Rita's concrete?
THE CONCRETE. The richest, creamiest Frozen Custard swirled with toppings create a rich and decadent treat that will have you swooning.
What is a Rita's concrete?
THE CONCRETE. The richest, creamiest Frozen Custard swirled with toppings create a rich and decadent treat that will have you swooning.
Are Italian ices Italian?
Italian Ice, interestingly, isn't Italian. It's an American invention that came out of New Jersey about 100 years ago. However, Italian Ice is based on an Italian creation called granita, which is a semi-frozen dessert, originally created in Sicily, that's made from sugar, water, and various flavorings.
Why is Rita's so successful?
Rita’s has thrived because we provide unique frozen desserts that combine the best of American and Italian dessert traditions. The result is an experience unlike any other that has earned Rita’s a cult-like following. Rita’s has also thrived thanks to a business model that helps entrepreneurs start and grow a business that they love. Our walk-up and drive-thru options help make it a simple-to-run, simple-to-grow business model, while our walk-in and mobile options make it a great fit for entrepreneurs who are looking for a fun, community-oriented business.
Why do people choose Rita's?
Customers choose Rita’s because we are a friendly business with unique frozen treats. In the Northeast, we are an institution, thanks to three decades of happy customers who know what to expect. In newer markets, we have a unique advantage: We are unique!
Is Rita's ice cream a walk-in?
Rita’s has thrived since 1984 thanks to our unique frozen desserts like our silky Italian ice and creamy frozen custard. Additionally, our walk-up and drive-thru options help make it a simple-to-run, simple-to-grow business model, while our walk-in and mobile options make it an excellent fit for entrepreneurs who are looking for a fun, community-oriented business.
When did Rita's Italian Ice open?
Guests have been loving our product since the first Rita’s opened in Philadelphia in 1984.
Is Rita's frozen custard a franchise?
Depending on where you live, a frozen custard and Italian ice franchise may sound like a brand new concept. But Rita’s franchisees have been thriving for more than three decades. The recipe for success is fairly simple: Combine unique frozen treats and smiling service with a commitment to engaging with the community — and watch the smiles become contagious!
Background
Rita's Italian Ice is continuing to expand nationwide with 600 locations in 30+ states. Italian Ice and Frozen Custard are the two core products all of the treats on our menu, which helps simplify operations and keep our food costs low, both in terms of inventory and food waste.
Company Details
Established: 1984 First Unit Franchised: 1989 Franchised Units: 600 Company Owned Units: 0 States Available : Arizona - AZ Arkansas - AR California - CA (not available in Ventura county) Colorado - CO Connecticut - CT Delaware - DE Florida ‐ FL (not available the counties of: Brevard, Citrus, DeSoto, Escambia, Hardee,Hernando, Hillsborough, Highlands, Indian River, Lake, Manatee, Martin, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Sarasota, Seminole, St.
Support and Training Offered By Rita's Italian Ice
The Initial Training consists of online training, 5 to 6 days of training at the Cool University training facility located in Trevose, Pennsylvania and at least 4 days of in-shop training at a Certified Shop.
Franchises Similar to Rita's Italian Ice
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
How much does it cost to franchise Rita's Italian Ice?
The minimum you would expect to invest in a Rita's Italian Ice location is $140,500. The most the franchisor could ask you to invest is $414,200 if you want to become a franchisee.
What is Rita's signature product?
Rita’s signature product is their Italian Ice, which is much smoother than a snow cone and combines ice with real fresh fruit; made fresh daily at each location and served within 36-hours of mixing.
What is Capriotti's sandwich shop?
Capriotti's Sandwich Shop is known for its unique culture, family-friendly atmosphere, high-quality ingredients, and a commitment to delivering outstanding customer service. If you’re looking to own a restaurant franchise with a sound business model, a low investment, high ROI, and food you’re always proud to serve, Capriotti's is the perfect opportunity for you.
When did Rita's Ice start?
In 1984 Rita’s opened its first store with the simple intention to offer the best tasting, high quality Italian Ice around. Today, they own the category they virtually created, with over 500 open stores and 400 in development. Start your business!
Is Rita's Italian Ice a franchise?
Rita's Italian Ice is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $150,000 .
What to expect when buying a Rita's Ice franchise?
When you buy a franchise of Rita’s Ice, you’ll be able to secure a real estate assessment and market study in order for you to evaluate the property and know what your franchise business model should be .
How much a Rita’s Italian Ice Business Costs?
Owning one Rita’s Ice franchise will cost you $198,400 to $385,400. The amount will cover all other expenses including the $35,000 franchising fee and equipment. It will also include the free training for you and your staff.
What do you need to know about Rita's Ice?
One of the things you need to know about the franchise is the franchising requirements that the company asks for each franchisee.
Is Rita's Ice franchise profitable?
The affordability, uniqueness, and high-quality product offering has made this a top family destination in more than 23 states. The success of the business franchise will now be pass in to you, should you wish to own a franchise and continue to have a rewarding and profitable business venture.
What is the responsibility of a franchisee?
The franchisee has some responsibility for other business risks such as location (location, and location), hiring good people, location, setting high standards of behavior, and location. And of course, location. However, no one has any real power over systemic risks.
Why did Rita's bail out?
In less than two years he bailed as he simply couldn’t control all of the areas where they were losing money. Not talking about competitive issues, location issues, seasonality issues or other valid concerns. Mostly it was employee issues as no one is hiring engineers or PHD’s to run the counter (no money to hire better). Not picking on Rita’s here because ANY business that requires minimum wage level of workers to do anything autonomously is destined to fail. Now if YOU buy only one franchise and YOU work it personally 100+ hours per week overseeing EVERY aspect.. then maybe.
Do franchises screw up?
Sometimes the franchiser screws up. A very popular restaurant franchise packs so many stores into an area that profits are very hard to find and owners have been forced to acquire multiple stores to make a living .
Can you make phenomenal profits with a low percentage rent?
if you’re fortunate enough to have a high sales volume location with a low percentage rent you can earn phenomenal profits.
Is Baskin Robbins merged with Dunkin Donuts?
Baskin Robbins used to be everywhere…..Then they were merged with Dunkin Donut locations…but even those are thinner than they used to be. A dunkin donuts has customers all day long…and items like a single donut or coffee dont take up much space….ice cream freezers and toppings are a lot of counter space. Every time i see a donut/ice cream place the ice cream is being removed in a renovation.
Do you need a franchise to open a frozen dessert business?
ALSO its a business with very very low barriers to entry. You dont even need a franchise to open a frozen dessert business…just a freezer and some toppings. When I was in boca raton about 8 years ago I laughed that every strip mall was getting a frozen
Does McDonald's make money off of franchisees?
keep in mind that McDonald’s corporate makes its money off of the top line of the franchisee restaurant, not the profit. So while the franchisee is bleeding money the company can’t lose because it still collects percentage rent and service fees.
