Q. How much does a Ritter’s Frozen Custard franchise cost?
For a traditional inline or end-cap Ritter’s shoppe you should plan to invest $365,500 to $693,900. Free-standing shoppes are estimated at $501,500 to $1,107,900 in total initial investment.
Q. Does Ritter’s provide financing?
Ritter’s does not directly provide business loans to prospective franchises. Ritter’s does however work with several third-party SBA, 401K and unsecured lending professionals. These franchise funding specialists provide candidates with complete business loan services and do so at highly competitive fees and interest rates
Q. What are the fees involved in owning a Ritter’s?
The franchise fee is $25,000, which is due upon execution of the franchise agreement. Royalties are 5% of gross sales and paid weekly. There is also a 2% Brand Development Fund contribution that must be paid weekly as well. In addition, you are required to invest a minimum of 3% of gross sales over a 12-month period for local marketing and advertising.
Q. Do I need a restaurant experience to be successful?
While restaurant experience is always beneficial, it is not required. Years of experience have shown us that hard, familiarity with the trade area, enthusiasm and passion are most important factors to successfully operate one or more restaurants to our high standards.
Q. Does Ritter’s help me find and build my location?
Real estate assistance lease negotiations, restaurant design and construction is provided for all franchisees. Site selection begins immediately following your franchise approval. A Real Estate professional will work with you, as well as with local brokers or developers, to evaluate sites in your market and help identify the proper location for your new Ritter’s Frozen Custard shoppe.
Q. What should I look for when considering a site?
The most successful traditional locations have high traffic counts, good visibility, as well as high residential and daytime population density. This principle applies to both traditional and Micro satellite scoop shoppes.
Q. How long does it take to open a restaurant?
It depends on multiple factors. Given the importance of a great location, we like to spend the right amount of time finding the best spot for your restaurant. After a lease is negotiated and signed, a store can typically be opened within 3 months.
Q. Do I buy equipment and supplies from Ritter’s Frozen Custard?
Although we fully support purchasing, you actually purchase directly from approved high-quality, low-cost suppliers. To maintain consistent quality and historically low food costs, all franchisees use our leveraged combined company buying power to purchase direct from our approved food distributor which services every market in the United States and Canada.
Q. I would like to have multiple units, how can I get this done?
Ritter’s prefers to grant multi-unit franchises, however single-unit development is a consideration. TRUFOODS, LLC will also consider granting an area development for qualified candidates.
Q. What kind of training will I receive from Ritter’s?
All franchisees successfully complete up to a 21 day training program at a certified training store. The program will cover day-to-day operations, cost controls, staffing, labor controls and management skills. All the training will take place in an operating shoppe. To assist in your opening period, we will send one of our Franchise Business Consultants to your shoppe for 7-10 days. Ritter’s also hosts an annual franchisee, which brings franchise owners together to discuss opportunities to improve skills and business profitability. It also allows RFC to communicate with all franchisees about new product marketing issues, and operational improvements.
Q. What form of continuing operational guidance will I receive?
In addition to your initial training period, Ritter’s will provide a support team that will coach you in various facets of construction, equipment, marketing, advertising, staffing, and training. Ritter’s Executive Director of Operations will also make regular visits to coach you on business issues such as operating procedures, inventory, cost control, profitability, and marketing.
Q. What are the steps to ownership?
After you complete our brief Inquiry form, you will chat with our franchise development team to get to know one another and to discuss your local market. You will then have the opportunity to review our Franchise Disclosure Document (FDD), and set up a personal meeting. At that time you will be able to sample our menu and best-tasting ice cream that has ever touched your lips and meet the TRUFOODS - Ritter's Frozen Custard team. If we all agree on your personal and market potential, you may secure your territory then locate and outfit your shoppe space.