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Ritter's Frozen Custard
12400 N. Meridian St., # 190
Carmel, IN 46032
800#:
Tel: (317) 819-0700
Fax: (317) 819-0261
E-Mail: [email protected]
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:
U.S. -- 44;
Canada -- 0;
International -- 0
-North America -- Operations in 8 States
-States/Provinces with Greatest Density: 20 in IN, 7 in OH, 5 in MI
Projected New Units Over Next 12 months: NR
Franchisee Qualifications: , , , , ,
(Click here for an explanation)
Registered in Following Registration States: NR (Click here for an explanation)
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
(Click here for abbreviations)
Encourage Conversion: NR
Financial Requirements
Cash Investment: $75-100K
Total Investment: $220-300K
Average Total Investment: $260.0K
Minimum Net Worth: $200K
Fees:
-Franchise: $25K
-Average Franchise Fee: $25.0K
-Royalty: 5%
-Average Royalty: 5.0%
-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
Financial Assistance: NR
Cooperative Advertising: Yes
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: Yes/Yes
Size Of Corporate Staff: 12
On-Going Support: A,B,C,D,E,F,G,H (Click here for an explanation)
Training: 3 Weeks Indianapolis, IN; 3 Weeks Port Orange, FL.
Franchisor's Specific Expansion Plans
U.S.: East of Mississippi River
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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