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 Rita’s Italian ice?
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! What is it? How does it make money? Who is it for? What would you do as a franchisee?
Does Rita's have frozen treats?
Rita's offers many delicious frozen treats that combine our famous Italian Ice and award-winning Old-Fashioned Frozen Custard which is made fresh daily at each location. The Rita's experience has become a cultural phenomenon, thanks to remarkably loyal guests. Interested in Franchise Ownership?
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!
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 Ritas 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 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.
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 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 many Rita's locations are there?
547 stores To navigate, press the arrow keys.
Where is Rita's Water Ice headquarters?
Trevose, PennsylvaniaRita's Cool Support Center is what we call our corporate headquarters located in Trevose, Pennsylvania.
Who is the CEO of Rita's?
Linda Chadwick (Sep 23, 2017–)Rita's Italian Ice / CEO
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.
Who is the CEO of Rita's?
Linda Chadwick (Sep 23, 2017–)Rita's Italian Ice / CEO
How many Rita's locations are there?
547 stores To navigate, press the arrow keys.
What is Rita's standard shop?
A standard shop is the most common type of Rita’s shop, and can be operated seasonally or year-round. Standard shops include walk-up and walk-in service models and depending on the location, they may include indoor or outdoor seating. Franchise owners with at least one standard shop can also expand their business with a satellite unit ...
Is Rita's startup cost affordable?
Rita’s startup costs can be quite affordable, especially compared to other food service franchises. This is especially true once you consider the impact of the mobile options that allow you to increase sales opportunities with very modest additional investment.
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 ...
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.
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!
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 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 is the CEO of Rita's Italian Ice and Frozen Custard?
6. Linda Chadwick, CEO of Rita’s Italian Ice & Frozen Custard, said, “Rita’s locations across the country served as a sweet escape throughout 2020 and will continue to be there for our guests in every capacity in 2021. Prospective franchisees saw firsthand that Rita’s brand loyalty, adaptive systems and innovative thinking helped the brand achieve positive growth amid a difficult year.”
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.
