how much does a rita's franchise cost

For a Rita’s Standard Shop

Full Answer

How much does it cost to open Rita's Italian ice franchise?

New Rita's Italian Ice franchisees need to have at least a $300,000 net worth. The ongoing royalty for Rita's Italian Ice is 6%. The lowest you can expect to invest is $194,863 if you want to become a franchisee. $528,061 is the most that Rita's Italian Ice expects its owners will need to invest in a new location.

What makes an ideal Rita's franchisee?

The ideal Rita's franchisee has a passion for the brand and the business. They have a hands-on approach to help get the business in operation and continue to be engaged in their local communities to help strengthen relationships to help promote their business and the Rita's brand.

Is there a franchise fee for the great Greek Mediterranean Grill?

There are no franchise fees, royalties, marketing fees or post-investment required purchases. The Great Greek Mediterranean Grill is a Fast-Casual franchise offering delicious, healthy, sought-after Greek food options with our authentic third generation recipes.

Why choose Rita’s?

Scalable Business Model - Rita’s has approximately 600 locations worldwide and has been a thriving brand for over three decades. As entrepreneurs examine Rita’s and compare our business to other potential business opportunities, one of the biggest things that stands out is the ease with which franchisees can scale up operations.

How much does a Ritas franchise owner make?

Average Rita's Italian Ice Owner yearly pay in the United States is approximately $30,000, which is 51% below the national average.

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 much does it cost to open a Rita's?

The lowest you can expect to invest is $194,863 if you want to become a franchisee. $528,061 is the most that Rita's Italian Ice expects its owners will need to invest in a new location. The franchise fee to open a Rita's Italian Ice unit is $35,000.

How much does a Rita's custard franchise cost?

To start a Rita's, you and/or your business partners need at least $100,000 available to invest and a net worth of $300,000. Feel free to explore the opportunity by clicking “learn more” below.

Is Rita's going out of business?

Rita's Italian Ice closes after 7 years in business - Bilyonaryo Business News.

What is the cost of McDonald's franchise?

The Franchise fee of McDonald's goes for around 30 lakhs INR; however, this fee is also attached with a 4 % monthly royalty fee as service fees to the brand. The actual investment amount differs, a business owner needs to keep a rough estimate of around 6 to 14 Crores.

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 does Rita's make their ice?

They're a non-dairy frozen treat that's made from blending ice and sweetened fruit juice together for a texture slightly firmer than a smoothie. Water ice is merely the Philadelphia slang term for Italian ice.

Who is the CEO of Rita's?

Linda Chadwick (Sep 23, 2017–)Rita's Italian Ice / CEO

How many Rita's locations are there?

544 stores To navigate, press the arrow keys.

Is Ralph Italian ices a franchise?

Franchise Ralph's Famous Italian Ices Given the correct market conditions, skills and dedication, being a Ralph's Famous Italian Ices franchisee might be financially rewarding. Owning a Ralph's Famous Italian Ices franchise is a serious commitment and works best when you make a thoughtful, educated decision.

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.

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.

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

Where is Rita's Water Ice headquarters?

Trevose, PennsylvaniaRita's Cool Support Center is what we call our corporate headquarters located in Trevose, Pennsylvania.

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!

What are the ingredients in Rita's menu?

The items we sell have strong product margins thanks to simple and inexpensive ingredients: water, sugar or sugar-free sweetener, eggs, milk, flavoring, whipped cream. There is very little risk of spoilage (a bane for many food concepts — and one which we almost entirely avoid). Transforming these ingredients into Rita’s menu items is also simple. It requires some churning and scooping, but no cooking.

How many people do shops need?

Shops typically need only a minimal number of people on hand at any given time. That includes the shift manager which is often the owner-operator in the early days of the business.

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 Rita training cost?

You will be trained by the company in their headquarters at Philadelphia. The training cost runs from $500 to $5,000. This price includes lodging, food, and automobile mileage for two.

How long does it take to open a Rita's store?

How long will you have to prepare before you can open your Rita’s store? According to the company, the typical length of time is about 6 to 9 months. The process during this period includes:

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 .