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Ritter's Frozen Custard
 

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

Year Established:

  1990

Franchising Since:

  1995

Operating Units:

Franchised Units:40 90.9%  
Company-Owned Units:4 9.1%  
 ______ _____  
Total Operating Units:44 100%  
 

Geographic Distribution:

U.S.:44 100% In 8 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:44 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Indiana20
2. Michigan5
3. Ohio7

Registered in Following Registration States:

  

Financial Requirements

Investment:

Minimum Net Worth:$300K
Cash Investment:$55-80K
Total Investment:$220-350K
Average Total Investment:$260K
 

Fees:

Initial Franchise Fee:$25K
Average Franchise Fee:$25K
On-Going Royalty:5%
Average Royalty:5%
Advertising Fee:2%

Average Number of Employees:

   4 Full-time, 15 Part-time

Space Needs (in square footage):

   1,200-1,500

Preferred Sites:

   Free-standing Building, Storefront, Strip Center, Regional Mall

Other Sites:

   Airport

Encourage Conversions?

   No

Earnings Claims Provided?

   Yes

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:Yes
Canadian Franchise Association:No
Franchisee Association/Member:Yes, Member
Size of Corporate Staff:12
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?No
 

Marketing Support:

Co-Op Advertising:No
National Advertising:No
Regional Advertising:No
Local Advertising:No
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Included in Fees
Central Purchasing:Included in Fees
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Included in Fees
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Not Applicable
 

Training:

1. Indianapolis, IN3 Weeks
2. Port Orange, FL3 Weeks
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:N/A
General Business Experience:N/A
Specific Industry Experience:N/A
Formal Education:N/A
Psychological Profile:N/A
Personal Interview(s):N/A

Minority Representation

Units Owned by Minorities:

African-American:4
Asian-American:1
Hispanic:1
Native American:N/A
Other:1 Pakistan
Specific Minority:Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.

Terms of Contract

Term of Initial Contract:10 Year(s)
Term of Renewal Period:10 Year(s)
Passive Ownership:Allowed, But Discouraged
Area Development Agreements?Yes, for 1 Year(s)
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

  
U.S.:Yes, East of Mississippi River
Canada:No
Overseas:No
 
 
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