Ritter's Frozen Custard

At a Glance

Products & Services: Frozen custard

Number of Locations: 25

Total Investment: $233.5K - $774.5K

Founded: 1990

Began Franchising: 1994

Franchise Units

Year U.S. Canadian International Company Owned
2012 25 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Florida, Georgia, Indiana, Kentucky, Michigan, Midwest, North Carolina, Northeast, Nevada, Ohio, Pennsylvania, South, South Carolina, Southeast, Southwest, Tennessee, Texas.
Franchisor is seeking new units in Eastern Europe, Middle East, Mexico, Western Europe.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $233,500 - $774,500
Franchise Fee: $25,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 50% off franchise fee
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $75,000
Operations
70% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 20. Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 15 days. Store opener : 10 days.
Ongoing Support: Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,
Other marketing support: Intranet

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