Rita's Franchise
Tuesday, April 27, 2010 at 06:58PM Italian ice, frozen custard, gelati & soft pretzels
Rita's Italian Ice
Ice, Custard, Happiness
Starting a franchise with Rita's allows you to capitalize on a proven business model which has more then 500 stores in operation today. Year after year Rita's has received top rankings by highly regarding industry publications like Entrepreneur Magazine, Bonds Top 100, and Wall Street Journal's Start Up Journal.com. Rita's provides their guests with a family friendly environment and products that are made fresh daily with the highest quality ingredients at every store. As a franchise partner you receive and benefit from extensive corporate support from site selection and training to ongoing operational, marketing, and research and development support.
Start-up Costs & Franchises Fees
What is the total cost to open a Rita's Franchises?
Total Cost: $198,150-$445,900
Total Franchise Fees: $35,000 USD
Ongoing Royalty Fees: 6.5%
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: 50% of current franchise fee
Contact Information for Rita's
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Rita's |
Phone Number: 215-876-9300 |
Rita's In the Press
No results at this time.Historical Expansion
In what year did Rita's begin operations? 1984
When did Rita's begin selling franchises? 1989
Year United States Canada International Corporate 2007 494 0 0 8 2006 407 0 0 3 2005 342 0 0 1 2004 312 0 0 1 2003 277 0 0 1 2002 251 0 0 1 2001 235 0 0 1
Future Expansion
United States: Connecticut, Illinois, Indiana, Kentucky, Massachusetts, New Hampshire, New York, North Carolina, Ohio, Rhode Island, South Carolina, Tennessee, West Virginia
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No No Accounts Receivable No No Payroll No No 3rd Party Financing Available? Financing Source(s): the SBA
Training & Support
Training
5 days at Cool University and 4 days on site
Support
Cool Support Center, newsletter, meetings, toll-free phone line, grand opening, security/safety procedures, field operations/evaluations
Marketing
Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
50% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: average 2 full-time, 15 part-time
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes