Rita’s franchise growth gets off to a strong start in 2019 with Q1 openings establishing momentum
Stepping up to increase Rita’s franchise growth was one of our goals for 2019, and we’re getting off to a strong start with four new locations opening in the first quarter:
- Mother-and-son team Tammy and Adam Wiley are opening two locations inside Bedford Candies, their candy and gourmet popcorn shops, in Bedford and Altoona, PA. They moved their production warehouse earlier this year to accommodate both businesses.
- Husband and wife Emily and Eric King opened Rita’s in Riverton, Utah, in January, our first opening of the year. The Kings are already planning a second location in West Jordan, Utah, later this year.
- Hieu (Hugh) D. Luu and Thank (Taylor) Luu-Yip opened a Rita’s in Santa Clara, CA, outside of San Jose.
Why Rita’s is a great bet right now
Entrepreneurs like Deepak Verma, who is opening a Rita’s inside his Subway franchise at Whitehall Terminal in New York City this spring, know how to capitalize on a long-established successful brand that has 600 locations nationwide.
Verma lives with his wife, Amita, and their two children, a 16-year-old son and a 12-year-old daughter, in South Jersey, where they’ve been big fans and loyal customers of Rita’s for years, visiting about once a week on average. Verma, who owns multiple food franchises including the Subway at Whitehall Terminal, didn’t even think twice when he decided to add a co-brand to his roomy Subway location.
“I didn’t look at any other brands,” he says. “It’s low food cost and high profit margin, and that’s very important.”
Located at the busy Staten Island Ferry terminal means Verma is in a high-traffic area for both commuters and tourists, which is perfect for a Rita’s location. The experienced entrepreneur also likes the growth and momentum he’s seeing with Rita’s right now.
“There is a big opportunity to make money,” Verma says. “They are adding new locations and people are starting to know about this brand everywhere. The brand is growing, so everybody will grow with this brand.”
What it costs to open a Rita’s franchise
Depending on a variety of factors, such as which service model you choose, our initial startup costs range from $175,500 – $435,000, according to our most recent Franchise Disclosure Document. We offer simple operations in a fun business that’s perfect for both multi-unit and single-unit owners. Rita’s franchise growth is on track to increase this year, offering entrepreneurs an excellent opportunity to grow along with us. Qualified candidates need $100,000 in liquid capital and must have a net worth of at least $300,000.
If you’d like to learn more about Rita’s franchise growth and the opportunity to open an Italian ice business in your area, we’d love to hear from you. Please fill out the form on this page to access our Franchise Information Center, where you can find detailed financial results, a breakdown of startup costs and in-depth Q&As with Rita’s franchisees. You can also discover more about our brand by exploring our research pages.