260
Rita's Italian Ice
November 12, 2024 at 6:26:33 PM
Last Year Rank:
277
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Investment Range:
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Initial Investment:
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Category:
$293,233 - $768,992
$35,000
Restaurant
![McDonald’s.jpg](https://static.wixstatic.com/media/9cab28_485e1a01fa264699bf2814b60eeba290~mv2.jpg/v1/fill/w_276,h_276,al_c,q_80,usm_0.66_1.00_0.01,enc_avif,quality_auto/McDonald%E2%80%99s.jpg)
Company Description
This franchised chain of specialty restaurants was founded in 1984 when the first Rita’s store opened in Bensalem, Pennsylvania. Rita’s is known for its dessert creations including Italian ice, milkshakes and frozen custard.
The company’s founder, Bob Tumolo, named the restaurant for his wife, Rita, who helped make the titular ice for the first store. The brand spread throughout the area surrounding Philadelphia when Tumolo began selling franchise agreements in 1989.
Company Statistics
Global Sales: $181,918,035US Units: 559International Units: 0Total Units: 559Percent Franchised: 100%% International Units: 0%US Franchised Units: 557International Franchised Units: 0Sales Growth %: 15.5%Unit Growth %: 5.9%
Company Statistics
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Global Sales:
$181,918,035
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US Units:
559
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International Units:
0
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Total Units:
559
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Percent Franchised:
100%
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%International Units:
0%
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US Franchised Units:
557
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International Franchised Units:
0
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Sales Gowth%:
15.50%
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Unit Growth%:
5.90%
Franchise Financial Overview
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Starting Year:
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Franchise Fee:
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Royalty Fee:
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Financing Available: