Rita’s Italian Ice (standard shop) franchise costs, based on Item 7 of the company’s 2022 FDD:
- Initial Franchise Fee: $35,000
- Lease Deposit: $0 to $6,750
- Leasehold Improvements: $103,000 to $240,731
- Equipment: $89,744 to $114,213
- Permits and Licenses: $1,200 to $5,870
- Signs and Awnings: $5,500 to $17,989
- Insurance: $200 to $3,500
- Initial Order: $8,000 to $17,500
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 is Italian ice at Rita's?
Rita's Italian Ice offers frozen custard, gelato, milkshakes, frozen drinks, sundaes and other frozen treats in addition to its ices. The business that first started on a front porch in Philadelphia in 1984, is now one of today’s freshest and fastest growing franchise concepts with opportunities across the country and around the world.
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.
How many Rita’s restaurants are there in the US?
Since then, Rita’s franchisees have opened close to 600 units that dish out happiness alongside silky Italian ice flavors and creamy frozen custard. Rita’s has thrived because we provide unique frozen desserts that combine the best of American and Italian dessert traditions.
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How much does a Rita's 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.
How much does it cost to open a Rita's?
You'll need $100,000 in liquid capital to open a Rita's Italian Ice. New Rita's Italian Ice franchisees need to have at least a $300,000 net worth.
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.
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
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 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.
How many franchises does Rita's Italian Ice have?
More Reasons to Join Rita's Scalable Business Model - Rita's has approximately 600 locations worldwide and has been a thriving brand for over three decades.
How many Rita's locations are there?
547 stores To navigate, press the arrow keys.
Who is the CEO of Rita's?
Linda Chadwick (Sep 23, 2017–)Rita's Italian Ice / CEO
How profitable is Italian ice?
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 started Rita's Water Ice?
Bob TumoloRita's Italian Ice / FounderRita's origins are every bit as modest as the recipe for its signature product. Founder Bob Tumolo opened the first location, named for his wife, on a front porch in Bensalem, Pennsylvania, in 1984. By 1987, Tumolo and his brother John had opened three more stores in the Philadelphia area.
Where was the first Rita's Water Ice?
Philadelph... PABensalem, PARita's Italian Ice/Place founded
Who is the CEO of Rita's?
Linda Chadwick (Sep 23, 2017–)Rita's Italian Ice / CEO
How many franchises does Rita's Italian Ice have?
More Reasons to Join Rita's Scalable Business Model - Rita's has approximately 600 locations worldwide and has been a thriving brand for over three decades.
How many Rita's locations are there?
547 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.
When did Rita's Italian Ice open?
Guests have been loving our product since the first Rita’s opened in Philadelphia in 1984.
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.
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.
