Rita’s Water Ice FDD Summary
Type of Business
The franchisor offers to qualified individuals and entities the opportunity to become an area developer within a specific geographical area. An area developer will act as their agent in a specific territory, solicit new franchisees, assist existing franchisees, and conduct inspections of Franchised Businesses in the territory, among other things.
Corporate Information
Rita’s Water Ice Franchise Company, LLC is a Delaware limited liability company formed in April 2005. The trade name was adopted in January 2009. Rita’s is the successor to Rita’s Water Ice Franchise Corp., which operated the Rita’s Water Ice business, founded in 1984. Rita’s does business under its company name and under the trade name “RITA’S ICE-CUSTARD-HAPPINESS”, and maintains its principal business address at 1210 Northbrook Drive, Suite 310, Trevose, Pennsylvania 19053.
Investment
The total investment necessary to begin operation as an Area Developer is $110,500 to $1,021,700. This includes between $100,000 to $1,000,000 that must be paid to the franchisor and/or its affiliate.