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Rita's Italian Ice
Italian ice, frozen custard

Rita's Italian Ice
Italian ice, frozen custard

About
Founded

1984

Franchising Since

1989 (29 Years)

Corporate Address

1210 Northbrook Dr., #310
Trevose, PA 19053

CEO

Linda Chadwick

Financial Requirements
Initial Investment

$150,500 - $440,900

Net-worth Requirement

$300,000

Liquid Cash Requirement

$100,000

Ongoing Fees
Initial Franchise Fee

$30,000 - $30,000

Ongoing Royalty Fee

6.5%

Ad Royalty Fee

3%

Financing Options

Rita's Italian Ice has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment

Veteran Incentives

50% off franchise fee

Support Options
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

Social media

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

40 hours

Classroom Training:

40 hours

Additional Training:

At certified training store

Absentee Ownership Allowed
Number of Employees Required to Run:

2 - 15

Bio
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.
Cost
Initial Investment: Low - $150,500 High - $440,900
Units
-2.6%-16 UNITS (1 Year) +9.0%+50 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: September 14th, 2017