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Rita’s signature product is their Italian Ice, which is much smoother than a snow cone and combines ice with real fresh fruit; made fresh daily at each location and served within 36 hours of mixing. Fat-Free, Cholesterol Free, Trans-Fat Free, and made fresh daily in dozens of deliciously refreshing flavors are attributes possessed by all the desserts offered at Rita’s Italian Ice. In 1984 Rita’s opened its first store with the simple intention to offer the best-tasting, high-quality Italian Ice around. Today, they own the category they virtually created, with over 500 open stores and 400 in development. More about the cost of owning a Rita’s Italian Ice franchise is below.
Liquid capital required
|
$100,000
|
Net worth required
|
$300,000
|
Investment
|
$194,863 - $528,061
|
Franchise fee
|
$35,000
|
Royalty
|
6.5%
|
Offers Financing
|
Yes
|
Units in operation
|
543
|
What is it?
- A unique Italian ice and frozen custard franchise
- A simple and scalable business, with low overhead costs
How does it make money?
- Serves Italian ice and frozen custard in stores
- Unlike ice cream, there is very little competition for these products
Who is it for?
- Previous foodservice experience is preferred (but not required)
- The ideal candidate has the ambition to open multiple locations
- Rita's is a great option for existing restaurant owners to expand their business
What would you do as a franchisee?
- Daily operations of your store, managing employees
- Community outreach and events, local marketing effforts
You'll need ₱100,000 in liquid capital to open a Rita's Italian Ice franchise. New Rita's Italian Ice franchisees need to have at least a ₱300,000 net worth. The ongoing royalty for Rita's Italian Ice is 6%. The lowest you can expect to invest is ₱194,863 if you want to become a Rita’s Italian Ice franchisee. ₱528,061 is the most that Rita's Italian Ice expects its owners will need to invest in a new location. The franchise fee to open a Rita's Italian Ice unit is ₱35,000. There are currently 543 Rita's Italian Ice units in operation.
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