
Jeremiah's Italian Ice
Italian ice, gelato, ice cream- 2023 Franchise 500 Rank
-
#212 Ranked #369 last year
- Initial investment
-
$325K - $660K
- Units as of 2022
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85 269.6% over 3 years
With various gelato, ice cream, and Italian ice, Jeremiah’s Italian Ice believes it is a demonstrated expert of frozen treats working to conquer the southern United States. Jeremiah’s Italian Ice is known for its gelati which combines Italian ice and smooth ice cream in rich layers.
Founded in 1996, Jeremiah’s Italian Ice started its journey thanks to founder Jeremy Litwack and his college studies in marketing coupled with his high school job as an ice cream vendor. Litwack sold his first franchise in 2019, and with over 25 franchises in many states, your Jeremiah's Italian Ice franchise could be next.
Why You May Want To Start a Jeremiah’s Italian Ice Franchise
Jeremiah’s Italian Ice is looking for a franchisee dedicated to outstanding service, authenticity, and above all, being cool. The ideal candidate is resourceful, timely, strategic, and persistent. If this tenacious spirit of ingenuity sounds like you, opening a Jeremiah’s Italian Ice may be easier than ever. The potential responsibilities of a franchisee include engaging with customers and clients, developing marketing strategies, and overseeing day-to-day operations.
Jeremiah’s Italian Ice is designed to operate out of anything ranging from small facilities to full-blown, indoor sit-down locations. Their menu strategy allows for a simple and streamlined system that provides over forty flavors for a memorable and flavorful experience.
Jeremiah’s Italian Ice has been ranked in Entrepreneur’s Top New Franchises list. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
What Might Make a Jeremiah’s Italian Ice a Good Choice?
Opening a Jeremiah’s Italian Ice franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
To be part of the Jeremiah’s Italian Ice team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
Jeremiah’s Italian Ice has partnered with third-party financial lenders that may help cover the costs of the franchise fee, startup, equipment, inventory, accounts receivable, and payroll.
How To Open a Jeremiah’s Italian Ice Franchise
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. Ensure that you take time to explore the opportunity. Research the brand and your local area to see if a Jeremiah’s Italian Ice franchise would do well in your community. You may want to speak to existing franchisees and ask the team any questions.
Jeremiah’s Italian Ice provides franchisees with a tenured team of experts in business that have been in the game for years. Training includes multiple days at a certified training store and a partnership with Pivotal Growth Partners, who have led other brands to award-winning growth.
Company Overview
About Jeremiah's Italian Ice
- Industry
- Food
- Related Categories
- Miscellaneous Frozen Desserts, Frozen Desserts, Ices
- Founded
- 1996
- Parent Company
- Jeremiah's Ice Holdings LLC
- Leadership
- Jeremy Litwack, Founder & CEO
- Corporate Address
-
1011 E. Colonial Dr., #201
Orlando, FL 32803
Business Overview
- Franchising Since
- 2019 (2023-2019 years)
- # of employees at HQ
- 30
- Where seeking
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This company is offering new franchisees in the following US states: Alabama, Arizona, Colorado, Florida, Georgia, Louisiana, Mississippi, North Carolina, Nevada, Oklahoma, South Carolina, Tennessee, Texas
- # of Units
- 85 (as of 2022)
Information for Franchisees
Here's what you need to know if you're interested in opening a Jeremiah'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.
-
Initial Franchise Fee
Information Circle - $30,000
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Initial Investment
Information Circle - $324,567 - $659,500
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Net Worth Requirement
Information Circle - $125,000
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Cash Requirement
Information Circle - $100,000
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Veteran Incentives
Information Circle - 20% off franchise fee
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Royalty Fee
Information Circle - 6%
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Ad Royalty Fee
Information Circle - 4.5%
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Term of Agreement
Information Circle - 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Jeremiah's Italian Ice has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 184 hours
- Classroom Training
- 40 hours
- Ongoing Support
-
NewsletterMeetings & ConventionsGrand OpeningOnline SupportLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
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Ad TemplatesSocial MediaWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
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Can this franchise be run from home/mobile unit?
Information Circle - No
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Can this franchise be run part time?
Information Circle - No
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Are exclusive territories available?
Information Circle - Yes
Interested in ownership opportunities like Jeremiah's Italian Ice? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Jeremiah's Italian Ice landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Jeremiah's Italian Ice ranked on other franchise lists? Find out below.
Ranked #212 in 2023
Entrepreneur’s 44th annual Franchise 500® ranking shines a light on the unique challenges and changes that have shaped the franchise industry over the last year—and how franchisors have adapted and evolved to meet them.
Ranked #85 in 2023
Meet the companies that are leveraging their ability to scale fast across the U.S. and Canada in Entrepreneur's annual fastest-growing franchises ranking.
Ranked #2 in Miscellaneous Frozen Desserts in 2022
Our annual list of the top restaurant and other food franchises, divided up by category, is the perfect place to start if you’re craving a food-based business opportunity.
Ranked #2 in 2023
Want to get in on the ground floor of the next big thing? You might just find it here on our list of the top companies that have been franchising for five years or less.
Ranked #144 in 2022
Our ranking of the top 150 franchises offering incentives and other programs to help veterans become franchisees.
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