Ritter's Frozen Custard

Frozen custard

Background

Founded: 1990 Franchising since: 1994

9449 Priority Wy. W., #140
Indianapolis, Indiana 46240

Phone:
(866)748-8374

Franchisor has 10 employee(s); 9 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2005	62	0	0	2

Where Seeking Franchisees
In the U.S. Florida, Georgia, Indiana, Kentucky, Michigan, North carolina, Nevada, Ohio, Pennsylvania, South carolina, Tennessee, Texas, United states

Exclusive territories available.
Territory size: 5-10 stores, 20-30 miles

Costs and Fees

Total investment: $249K-818K
Franchise fee: $25K

Ongoing royalty fee: 5%
Term of agreement: 10 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	No
Equipment	No	No
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $75K
Business Experience:

General business experience
Marketing skills
Drive for success

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)