Rita's Italian Ice

Rita's Italian Ice

Italian ice, frozen custard
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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$196K - $456K
Units as of 2020
570 5.8% over 3 years

Company Overview

In 1984, former firefighter Bob Tumolo opened his first Italian ice store in Bensalem, Pennsylvania, naming it after his wife Rita. His mother helped him make the Italian ice, and his brother John helped him open three more stores over the next three years, all in the Philadelphia area. Customers began asking about how to open their own Rita's Italian Ice, so Tumolo began franchising in 1989. Today the chain offers frozen custard, gelato, milkshakes, frozen drinks, sundaes and other frozen treats in addition to its ices. Argosy Private Equity and MTN Capital acquired Rita's Franchise Company in 2017.

About Rita's Italian Ice

Industry
Food
Related Categories
Ices, Frozen Yogurt, Ice Cream
Founded
1984
Leadership
Linda Chadwick, President & CEO

Franchising Overview

Franchising Since
1989 (32 years)
# of employees at HQ
55
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
570 (as of 2020)

Franchisor Information

Corporate Address
1210 Northbrook Dr., #310
Trevose, PA 19053

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Rita'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
$35,000
Initial Investment
$196,128 - $455,500
Net Worth Requirement
$300,000
Cash Requirement
$100,000
Veteran Incentives
20% off franchise fee
Royalty Fee
6.5%
Ad Royalty Fee
3%
Term of Agreement
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
Rita's Italian Ice has relationships with third-party sources which offer financing to cover the following: startup costs, equipment

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
40 hours
Classroom Training
40 hours
Additional Training
At certified training store
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Marketing Planning & Support
Social Media
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
Yes
# of employees required to run
2
Are exclusive territories available?
No

Franchise 500 Ranking History

Compare where Rita's Italian Ice landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021