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 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.
What is the franchise fee for Rita's?
$35,000Facts & FiguresLiquid capital required$100,000Franchise fee$35,000Royalty6.5%Offers FinancingYesUnits in operation5432 more rows
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 was the first Rita's?
Philadelph... PABensalem, PARita's Italian Ice/Place founded
Who started Rita's?
Bob TumoloRita's Italian Ice / FounderWhen former firefighter Bob Tumolo and his mother began selling Italian ice from their front porch one sweltering summer day in 1984, there was no way of knowing then that from such humble beginnings would grow an international brand that's still going strong over three decades later.
What is a Blendini?
What's a Blendini? Your choice of ICE & CUSTARD blended with your choice of Oreo cookie pieces, Nilla wafer cookie pieces, pretzel pieces, or M&M's Minis.
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Rita's Italian Ice franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Franchise 500 Ranking History
Compare where Rita's Italian Ice landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Rita's Italian Ice ranked on other franchise lists? Find out below.
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.
Basics of a Rita's Water Ice Franchise
If you’re thinking about buying a Rita's Water Ice franchise, there are many things to consider before signing on the dotted line. Becoming a Rita's Water Ice franchisee is not a guarantee of success, but rather a blueprint that can assist you in achieving success.
Rita's Water Ice Due Diligence
You must conduct smart due diligence and determine from a business perspective whether owning a Rita's Water Ice franchise is right for you.
Rita's Water Ice Franchise Disclosure Document
Carefully read the Rita's Water Ice Franchise DisclosureDocument (Also known as an FDD). They can be intimidating.
Does a Rita's Water Ice Franchise Make Money?
A critical part of your due diligence is to build an estimated P&L (profit and loss statement) and see what the numbers might look like if you become a Rita's Water Ice franchisee. Reading Chapter 13 of The Educated Franchise teaches you the secrets of this key step.
Overview
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. 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.
Related
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 .