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Rita's Italian Ice

2012 Franchise 500
#156
At a Glance

Products & Services: Italian ices, frozen custard, gelati

Number of Locations: 545

Total Investment: $199.4K - 561.4K

Founded: 1984

Began Franchising: 1989

Private Owned

Franchise Units

Year U.S. Canadian International Company Owned
2011 544 0 0 1
2010 561 0 0 1
2009 570 0 0 1
2008 540 0 0 2
Where Seeking Franchisees: Franchisor is seeking new units internationally.

Startup Costs, Ongoing Fees and Financing

Total Investment: $199,400 - $561,400
Franchise Fee: $35,000
Ongoing Royalty Fee: 6.5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $75,000
Operations
50% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 10 - 15. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 6 days. At franchisee's location: 2-4 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: PR support

Franchise Ranking History

Franchise 500®: #156 (2012), #76 (2011), #82 (2010), #76 (2009), #93 (2008),
Fastest-Growing: #50 (2010), #51 (2009), #53 (2008),
America's Top Global: #125 (2012),