How much does it cost to buy a Rita's franchise?
To buy a franchise with Rita's Franchise Company, you'll need to have at least $100,000 in liquid capital and a minimum net worth of $300,000. Franchisees can expect to make a total investment of $194,863 - $528,061. They also offer financing via 3rd party as well as a discount for veterans ( 20% off Franchise Fee ). *
What are the requirements to be a Rita's Italian ice franchisee?
Franchisees will also need to meet the company's set net worth and liquid capital requirements. Typical terms of agreements for Rita’s Italian Ice franchisees last for 10 years. At the conclusion of those ten years, you can seek to renew your franchise for a sum if the franchisor wishes to remain in business.
How many locations does Rita's have in the US?
The second store opened in 1987, and in 1989 the family decided to start selling franchises. Now there are more than 500 locations in multiple states across the U.S. Rita's Italian Ice is a major player in offering specialty sweet treats. These include frozen custard, Italian ice with real fruit, frozen drinks, and much more.
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.
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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.
How much does a Rita's 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 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.
Who is the CEO of Rita's?
Linda Chadwick (Sep 23, 2017–)Rita's Italian Ice / CEO
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 founded Ritas?
Bob TumoloRita's Italian Ice / Founder1. Rita's was founded by a Philadelphia firefighter named Bob Tumolo in 1984. He founded it with help from his mother and his mom.
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 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 Rita's locations are there?
547 stores To navigate, press the arrow keys.
How much does it cost to get a Smoothie King franchise?
How much does it cost to open a typical Smoothie King location? The estimated initial investment for an inline or end-cap store can be between $320,301 and $585,465 (including a $30,000 franchise fee). The estimated initial investment for a free-standing drive-thru store can be between $723,501 and $1,184,865.
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 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.
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.
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 ...
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 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.
How long does a franchise last?
Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
What is franchise investment?
Definition: The total amount necessary to begin operation of the franchise. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
When did Tumolo start franchising?
Customers began asking about how to open their own Rita's Italian Ice, so Tumolo began franchising in 1989. Today the chain offers frozen custard, gelato, milkshakes, frozen drinks, sundaes and other frozen treats in addition to its ices. Argosy Private Equity and MTN Capital acquired Rita's Franchise Company in 2017.
Where did Bob Tumolo open his first Italian ice store?
In 1984, former firefighter Bob Tumolo opened his first Italian ice store in Bensalem, Pennsylvania, naming it after his wife Rita. His mother helped him make the Italian ice, and his brother John helped him open three more stores over the next three years, all in the Philadelphia area. Customers began asking about how to open their own Rita's ...
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
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.
