Ritter's Frozen Custard
Yes, we actively support the inclusion and development of minority-owned franchises in the Ritter's Frozen Custard system.
Ritter's Frozen Custard
12400 N. Meridian St., # 190
Carmel, IN 46032
800#:
Tel: (317) 819-0700
Fax: (317) 819-0261
E-mail: rfcfranchising@aol.com
Web Site: www.ritters.com
Contact: Mr. Robert Ritter, President/CEO
Our mission is to serve a product and experience that people constantly claim as their favorite ice cream ever. The RITTER'S brand has captured the imagination and fanatic loyalties of customers and franchisees alike. As a RITTER'S franchisee, you'll receive comprehensive training, including the importance of our philosophy and brand position. We have systems in place to help maximize franchisee sales, profits and net worth. Our core values have resulted in a diverse and successful franchise system.
Franchisor Background
Established: 1990
First Franchise: 1994
Franchise Units: 40
Company-Owned Units: 4
Total Units: 44
Distribution:
> North America -- Operations in 8 States
> States/Provinces with Greatest Density: 20 in IN, 7 in OH, 5 in MI
Units Owned by Minorities:
>African-American: 4
>Hispanic: 1
>Asian-American: 1
>Native American:
>Other: 1 Pakistan
Average Number of Employees: 4 FT, 15 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,200-1,500 SF; FS, SF, SC, RM, Airport
(for abbreviations click here)
Financial Requirements
Cash Investment: $75-100K
Total Investment: $220-300K
Average Total Investment: $260K
Minimum Net Worth: $200K
Fees
>Franchise: $25K
>Average Franchise Fee: $25K
>Royalty: 5%
>Advertising: 2%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Discouraged
Area Development Agreements:Yes/5
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: Yes
Franchisee Assoc. / Member: Yes/Yes
Size Of Corporate Staff: 12
On-Going Support: A,B,C,D,E,F,G,H (for an explanation click here)
Training: 3 Weeks Indianapolis, IN; 3 Weeks Port Orange, FL.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: East of Mississippi River
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
|
New
Search: Alphabetical
| Industry
Type | Avg
Total Investment | Avg
Franchise Fee | Total
Units
|
|