For a Rita’s Standard Shop
- 1. Initial Franchise Fee: $35,000
- 2. Lease Deposit: $0 to $6,750 ...
- 3. Leasehold Improvements: $103,000 to $240,731 ...
- 4. Equipment: $89,744 to $114,213 ...
- 5. Permits and Licenses: $1,200 to $5,870 ...
- 6. Signs and Awnings: $5,500 to $17,989 ...
- 7. Insurance: $200 to $3,500 ...
- 8. 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.
Why choose a RITA’s franchise?
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!
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.
When did Rita’s open its first store?
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!
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
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 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.
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 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.
What is the difference between water ice and Italian ice?
While it's similar to shaved ice and Italian ice, water ice is different. It's creamier than shaved ice yet icier than Italian ice. And just three ingredients are needed to make the classic recipe: water, sugar, and fruit.
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.
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 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 .
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.
When did Rita's Italian Ice open?
Guests have been loving our product since the first Rita’s opened in Philadelphia in 1984. Since then, Rita’s franchisees have opened close to 600 units that dish out happiness alongside ...
What do franchisees receive before opening?
Before opening, new franchisees receive assistance evaluating business locations. They receive initial training to help them run the business. Then they receive ongoing support to help them master their skills, and increase revenue and profitability.
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!
How many franchise agreements did Rita's have in 2020?
2. In addition to signing 75 new franchise agreements in 2020, Rita’s grew same-store sales year-over-year, expanded into new markets, and remained innovative in order to keep its teams and guests safe in a time of uncertainty.
Who owns Rita's Bowling Green?
9. The local franchise is owned and operated by a husband-and-wife team, David and Erin Smith, with the addition of Erin’s mother, Christine Hillard. Before moving to Bowling Green in 2002, David and Erin lived in Pennsylvania and would frequent their neighborhood Rita’s. While they fell in love with the Bowling Green community, they were disappointed to find out there were no Rita’s locations nearby.
What is gross sales in a franchise?
Gross Sales for each Shop includes any sales through Mobile Units and/or Satellites operating under such Shop’s Franchise Agreement. Many System franchisees actively pursue Catering Activities and Mobile Events at a location other than the Shop. The reported Gross Sales data in Part 1 includes Catering Activities and Mobile Events for Shops that engage in those opportunities. Franchisees who do not pursue these opportunities may be negatively affected and have less Gross Sales.
How many season around shops are there in 2020?
The reported Gross Sales data in Part 1 includes Gross Sales for both Seasonal and Year Around Shops. There were 71 Year Around Shops and 353 Seasonal Shops operating during the 2020 calendar year.
Why aren't the 7 shops operating in 2020?
Of the Shops in the 2020 Sample, 7 of the Shops did not operate their Satellites because those Satellites were located in special venues or captive venues that did not open in 2020 because of Restrictions & Orders . Therefore, those 7 Shops did not have revenue from their Satellites in 2020.
When will Rita's Ice and Frozen Custard open in Kentucky?
7. At the beginning of May 2021, Rita’s Italian Ice & Frozen Custard announced that it was expanding into Kentucky. The brand signed its latest multi-unit deal to bring franchise locations to the state with the first slated to open in 2021. The agreement was finalized with a multi-generational family franchise team.
Where is Rita's Italian Ice located?
15. Following his early success, Tumolo opened a storefront in Bensalem, Pennsylvania, where Rita’s Italian Ice is still headquartered. After a few years, Tumolo opened a second location and started franchising the concept in 1989.
Rita’s Franchise Startup Fee
Location Costs
- Similar to Rita’s franchise startup fee, the location costs vary depending on the type of unit. To better imagine what prototype will work for you, here are descriptions of each shop: 1. Standard shop 2. This unit offers walk-up and walk-in services, has a full menu, and a production area. The ideal area size is 600 to 1,200 sqft. 3. Express unit 4. This unit typically offers walk-up service, is …
Equipment
- Securing equipment for your shop is necessary to operate the business. The expense costs about $35,000 to $105,000 if you’re putting up a standard Rita’s store. According to Franchise Chatter, the lower average applies to second-hand equipment. The higher end, on the other hand, already includes the purchase of 2 Point-of-Sale (POS) system terminals (in place of 2 cash registers).
Other Opening Costs
- Putting up standard shop is no mean feat, as far as costs are concerned. Aside from the franchise fee, location, and equipment, you also need to spend on the following: 1. Computer (hardware and software): $900 2. Permits and licenses (for building, zoning, business operations): $100 to $1,800 3. Signs and awnings (including interior and exterior artworks and graphics): $5,000 to $…
Training
- You as a franchise owner and your manager/s should also undergo Rita’s standard initial training program. 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.
Additional Fees
- Aside from Rita’s franchise startup fee, you will be responsible for paying the following obligations: 1. Royalty fee: 6.5% 2. Advertising fee: 3% 3. Renewal fee: 50% of initial franchise fee You may check other ongoing and opening fees using the latest Franchise Disclosure Document of the company. The franchisor usually gives a copy of the FDD midway of the approval process.