rita's water ice franchise cost

Rita's Italian Ice Cream has more than 600 locations in 30 states of the United States which are Delaware, Pennsylvania, New Jersey, Georgia, and many more states with the District of Columbia with more than 1038 employees. A full season is defined as 1 entire selling season for which Rita's requires operation, and the shop must be opened at least 5 days before spring. Reed Street continues to build in a wise, efficient, and cost effective way. Rita's Ice's History. Rent is $3,500 a month. And yes, in case you were wondering, there really was a Rita. That meeting resulted in the opening of the first Rita's Water Ice in May 1984, in a suburb of Philadelphia. Corporate Information Rita's Franchise Company, LLC is a Delaware limited liability company formed in October, 2016 . I'm all for a great deal - but I've never seen another Rita's franchise do this! They have a range of flavors, which you can sample. $30,000 for the first unit. Argosy Private Equity and MTN Capital acquired Rita's Franchise Company in 2017. If you want to open their franchise here is the cost then in the table below. We offer so many advantages as a franchise concept that we have carved out a singular space in the business world. Last updated on October 31, 2014 by Franchise Chatter. Our corporate headquarters is located just outside Philadelphia, Pennsylvania. You can resell that same tub of water ice for approximately $115. The Rita's Italian Ice franchise system was sold to private equity group McKnight Capital Partners in 2005. Today, Rita's has almost 600 franchised shops and we continue to grow! Enter the New Ice Age today! Landlord wants to keep Rita's in the plaza and will renew lease when necessary. By joining the brand, you can tap into the collective wisdom of hundreds of franchisees who have already started, run, and expanded their own businesses. Franchise Fee. The ongoing royalty for Rita's Italian Ice is 6%. The costs are as follows: Standard shop: $30,000. She said yes but she had to ask the manager before she put them out in case it was windy. The headaches were manifold, employees routinely not showing up for shifts, employees causing waste, overall product spoilage, employees not following rules as written, not cleaning prope. Fixed satellite unit: $15,000. All the Defendants reside in Luzerne County, which is located in the Middle District of Pennsylvania. Check out Rita's Italian Ice Cream Menu Prices and all the other things. 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). The one-time payment will allow you to own and operate a franchise from Rita's for a period of 10 years. I ended up eating in the car with 2 young children. Research Rita's Italian Ice Franchise business. Today, Rita's has almost 600 franchised shops and we continue to grow! $15,000. Rita's is the largest Italian Ice franchise in the world, with over 580 shops open across the U.S. and Internationally. Rita's Italian Ice Franchise information including Rita's Italian Ice Franchise fees and costs. You also have an option to renew your term for another 10 years. The cost of buying wholesale water ice is also a lot less than the price for ice cream. It was hot and humid. 2010 Average Sales of Proprietary Products at Rita's Italian Ice Franchised Shops The information provided below is based on shops that have been open for at least 1 full season. Today, Rita's has almost 600 franchised shops and we continue to grow! Turn key type franchise. Rita's Water Ice Franchise Company, LLC, which also trades under the name Rita's Franchise Company, is a Delaware limited liability company formed in April 2005. Leave a Comment. Ritas Ice Franchise Due Diligence Report quantity. View More. Additional Rankings Curious to know where Rita's Italian Ice ranked on other franchise lists? Be your own boss. When you sign a Franchise Agreement for a Shop, you . At Rita's, we specialize in delivering COOL treats in a fun, inviting, and family friendly environment. Established in 2006. The original franchisor was Rita's Water Ice Franchise Corporation ("Old Rita's), from whom the Claimant purchased the franchise assets in 2016. The total investment necessary to begin operation of an. These figures. As of August 20, 2021, the chain had 540 restaurants in 31 states, most are located in the Mid-Atlantic.Rita's Italian Ice. Rita's Water Ice Franchise Disclosure Documents. Established business with plenty of parking for guests. -- Editing by Marjorie Backman. The Rita's Italian Ice franchise has a relatively high SBA loan default rate of 23%. New London, CT:Rita's Water Ices stand alone walk-in store for sale. The Rita's Water Ice FDD, previously known as the Uniform Franchise Disclosure Circular (UFOC), is a federally mandated document that requires Rita's Water Ice to disclose 23 key items in easy to understand language. $10,000 for the third unit. Plaintiffs Rita's Water Ice, Inc. and Rita's Water Ice Franchise Corporation are domiciled in the Eastern District of Pennsylvania, and operate franchise businesses throughout the Eastern District of Pennsylvania. Rita's is awesome. Producing a 3-gallon tub of Italian Ice costs between $5 and $8. 1. Still didn't put the umbrellas up after she called the manager. express Rita's shop is between $121,100 and $309,900. The Total Rent is fixed and is only 8% of sales. Owning one Rita's Ice franchise will cost you $198,400 to $385,400. Rita's Italian Ice & Frozen Custard is the ideal franchise for people who want to operate seasonally, because in most colder climates we shut down for the winter. Plaintiffs Rita's Water Ice, Inc. and Rita's Water Ice Franchise Corporation are domiciled in the Eastern District of Pennsylvania, and operate franchise businesses throughout the Eastern District of Pennsylvania. As an approved Rita's Water Ice builder, this project was a ground up/new construction fit out. Contact Rita's Franchise Company, LLC, located at 1210 Northbrook Drive, Suite 310, Trevose, PA 19053 to request a copy of our Franchise Disclosure Document (FDD). Additional details about all of these startup costs and other store configurations can be found in our Business Model ebook. TOTAL. At Rita's, we specialize in delivering COOL treats in a fun, inviting, and family friendly environment. The company provides 50% franchise fee discount for honorably discharged veterans. Get the inside scoop on RITAS WATER ICE FRANCHISE COMPANY LLC and Rita's Italian Ice franchise opportunities with the most comprehensive franchise research report on Ritas Ice franchises available. Really, it was hot and humid. Phone: (800) 677-7482 Established in 1984. He started out in the 1970's by opening up a number of Wendy's franchises with partners, which . . Customers began asking about how to open their own Rita's Italian Ice, so Tumolo began franchising in 1989. 20% Discount for active duty service members, first responders and qualified U.S. Military Veterans. Proven money maker. Available Rita's Water Ice franchise disclosure document(s) (FDD's) are listed below. Just because you love Rita's Water Ice's products or services doesn't mean that you will be able to successfully operate a Rita's Water Ice franchise. 227.1 The text messages, known as "Cool Alerts," About Rita's Water Ice Franchise Company Rita's, headquartered in Trevose, Pa., is the largest Italian Ice concept in the nation, currently operating in 17 states with more than 500 stores. between $50,000 to $55,000 that must be paid to the franchisor or its. You can mix the different italian ice flavors together. Rita's Water Ice Franchise. Rita's italian ice is an american restaurant chain, based in bensalem, pennsylvania, which sells mainly italian ice, frozen custard, and specialty creations. Min. This Contest is open only to those who are 13 years Ritas italian ice franchise opportunity. It is classified as operating in the Food & Beverage Stores industry. At Rita's, we specialize in delivering COOL treats in a fun, inviting, and family friendly environment. (if multiple units purchased simultaneously) Plus a $5,000 Development Services Fee per unit. Some types of Italian ice carts are available for less than a thousand dollars, and even top-of-the line carts are less than $4,000. VP:Southeast Division. include between $33,000 to $33,500 that must be paid to the franchisor. The chain expects to sign at least 90 franchise sales deals in 2021. I also question how there business is doing b/c they have "2.99 lunch specials and buy 2 get 1 free family night specials"! Rita's business model is fine-tuned with 30+ years of hands-on experience and we're continuously improving it to better serve our guests and their communities. $254,767 - $549,800. Your Employees, Suppliers and Creditors. We took an open space in a strip mall and turned it into a Rita's under budget and on time for Summer 2015 season. Be part of the world's largest Italian ice concept! Located in a busy shop rite plaza. FDD Talk 2014: Our Latest Views on the Average Gross Sales and Cost of Goods Sold for Rita's Italian Ice. An investment of $110,750, includes a franchise fee, inventory pack and truck. The company seeks a strong, personal commitment and an active involvement in opening the business in order to become a Kona Ice truck franchisee. Ranked #1 in Nation's Restaurant News "Consumer Pick's 2014" for Service and Value in the Frozen Treat category and 14th overall in the Limited-Service category, Rita's Franchise Company is the . RITA'S SLIME TOPPING PHOTO CONTEST (THIS "CONTEST") - OFFICIAL RULES (THESE "RULES") Contestants will submit their photos showcasing their Slime topped treats at Rita's. VOID WHERE PROHIBITED OR RESTRICTED BY LAW. Quick Franchise Summary. Rita's Italian Ice has the franchise fee of up to $30,000, with total initial investment range of $172,225 to $430,900. very affordable, tasty italian ice and custards. How much does Rita's franchise make? Rita's Italian Ice Cream Franchise Details. The Rita's Water Ice FDD, previously known as the Uniform Franchise Disclosure Circular (UFOC), is a federally mandated document that requires Rita's Water Ice to disclose 23 key items in easy to understand language. We will not offer you a franchise until we have complied with disclosure and registration requirements in your jurisdiction. Easy franchise transfer, helpful franchise reps, loyal customer base, Rita's is a south Jersey/Vineland staple. The lowest you can expect to invest is $194,863 if you want to become a franchisee. "It is what it is," Hagan resigned with a shrug. Get started: Contact us and download a free report. Who owns Rita's Water Ice? Kona Ice is another shaved ice opportunity in the U.S., with more than 800 shaved ice truck franchises across the country. Rita's opened its first restaurant in 1984 in Bensalem, Pennsylvania, where the chain is currently headquartered. Price Reduction - Rita's Water Ice location on end unit with outside seating. We specialize in frozen treats including water ice, cream ice, gelati, sundaes, Blendini, milk shakes, frozen lemonade and more. Rita's also was named one of the Top 25 Franchise High Performers by the Wall Street Journal and was #94 on Entrepreneur Magazine's Franchise 500 list for 2016. Project Description. Additional Funds (3 months) $20,000 - $30,000. What Does a Rita's Franchise Company Franchise Cost? Rita's Water Ice Franchise Cost . Rita's Water Ice Franchise Company, LLC operates as a restaurant. Rita's Ice Custard Happiness FDD - Franchise Information, Costs and Fees Type of Business The franchise will operate a Rita's shop featuring a menu of Italian ice, frozen custard and other approved menu items sold under the trade name "RITA'S ICE-CUSTARD-HAPPINESS". Initial Franchise Fee: $10,000 to $35,000. An FDD often runs hundreds of pages long and is the single most . The amount will cover all other expenses including the $35,000 franchising fee and equipment. Due to its specific focus on frozen custard and water ice, Rita's emphasizes high-quality ingredients, which it sources from trusted vendors. The story of Rita's dates to the summer of 1984 when a Philadelphia firefighter, Bob Tumolo, opened the original location just outside of the city. The Company offers icecream, shakes, frozen custard, and other cold products. Rita's is a unique franchise opportunity with nearly 600 units across the country, and we still have many prime territories available. At Rita's Italian Ice, we serve two core products in creative combinations: Italian ice and frozen custard. Rita's Italian Ice & Frozen Custard is the ideal franchise for people who want to operate seasonally, because in most colder climates we shut down for the winter. $194,863 - $528,061. Express unit: $15,000. The franchise fee to open a Rita's Italian Ice unit is $35,000. It wouldn't be an overstatement to say the restaurant industry is witnessing a great reawakening this spring. Before and after opening, as incurred. Rita's is the successor to Rita's Water Ice Franchise Corp., which operated the Rita's Water Ice business, founded in 1984. As of 2018, the brand expanded to over 600 locations throughout the worldwide. or its affiliate. The first store did so well that it grew to four and began franchising in 1989. Today, Rita's has almost 600 franchised shops and we continue to grow! It will also include the free training for you and your staff. Rita's Water Ice Franchise. ELIGIBILITY: Rita's Franchise Company, LLC ("Sponsor") is the sponsor of this Contest. Please share a comment below. Rita's didn't invent Italian Ice, but we certainly made it cool. Rita's Italian Ice - Franchise. Investment Range. That's what happens when you combine Italian Ice and happiness. 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