Start-Up Costs and Fees |
||
| Ritter's Frozen Custard | Miami Rice Pudding Company | |
| Investment | 369000 - 1100000 | 71000 - 175000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 6% |
| Advertising Fee | ||
| Year Founded | 1990 | 2006 |
| Year Franchised | 1994 | 2006 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ritter's Frozen Custard | Miami Rice Pudding Company | |
| Experience | General business experience Marketing skills Drive for success | |
Financing Options |
||
| Ritter's Frozen Custard | Miami Rice Pudding Company | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Ritter's Frozen Custard | Miami Rice Pudding Company | |
| Training | * Available at headquarters: 1 week * At franchisee's location: 1 week | |
| Support | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | 70% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Ritter's Frozen Custard | Miami Rice Pudding Company | |
| US Expansion | Florida, Georgia, Indiana, Kentucky, Michigan, North Carolina, Nevada, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Ritter's Frozen Custard | |
| Miami Rice Pudding Company | |
| Franchise Fee | |
| Ritter's Frozen Custard | |
| Miami Rice Pudding Company | |
| Royalty Fee | |
| Ritter's Frozen Custard | 5% |
| Miami Rice Pudding Company | 6% |
| Advertising Fee | |
| Ritter's Frozen Custard | |
| Miami Rice Pudding Company | |
| Year Founded | |
| Ritter's Frozen Custard | 1990 |
| Miami Rice Pudding Company | 2006 |
| Year Franchised | |
| Ritter's Frozen Custard | 1994 |
| Miami Rice Pudding Company | 2006 |
| Term Of Agreement | |
| Ritter's Frozen Custard | 10 years |
| Miami Rice Pudding Company | 10 years |
| Renewal Fee | |
| Ritter's Frozen Custard | $5K |
| Miami Rice Pudding Company | |
Business Experience Requirements |
|
| Experience | |
| Ritter's Frozen Custard | General business experience Marketing skills Drive for success |
| Miami Rice Pudding Company | |
Financing Options |
|
| Franchise Fees | |
| Ritter's Frozen Custard | No |
| Miami Rice Pudding Company | No |
| Start-up Costs | |
| Ritter's Frozen Custard | |
| Miami Rice Pudding Company | |
| Equipment | |
| Ritter's Frozen Custard} | |
| Miami Rice Pudding Company | |
| Inventory | |
| Ritter's Frozen Custard | |
| Miami Rice Pudding Company | |
| Receivables | |
| Ritter's Frozen Custard | |
| Miami Rice Pudding Company | |
| Payroll | |
| Ritter's Frozen Custard | |
| Miami Rice Pudding Company | |
Training & Support |
|
| Training | |
| Ritter's Frozen Custard | |
| Miami Rice Pudding Company | * Available at headquarters: 1 week * At franchisee's location: 1 week |
| Support | |
| Ritter's Frozen Custard | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Miami Rice Pudding Company | |
| Marketing | |
| Ritter's Frozen Custard | Co-op advertising, Ad slicks, Regional advertising |
| Miami Rice Pudding Company | |
| Operations | |
| Ritter's Frozen Custard | 70% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators) |
| Miami Rice Pudding Company | |
Expansion Plans |
|
| US Expansion | |
| Ritter's Frozen Custard | Florida, Georgia, Indiana, Kentucky, Michigan, North Carolina, Nevada, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, |
| Miami Rice Pudding Company | |
| Canada Expansion | |
| Ritter's Frozen Custard | 0 |
| Miami Rice Pudding Company | |
| International Expansion | |
| Ritter's Frozen Custard | |
| Miami Rice Pudding Company | |