Rita's vs 16 Handles Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Rita's vs 16 Handles including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Rita's Franchise
16 Handles Franchise
Investment $15,100 - $435,000$274,500 - $735,000
Franchise Fee $10,000 - $30,000$30,000
Royalty Fee 6.5%6%
Advertising Fee 3%2%
Year Founded 19842008
Year Franchised 19892010
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee 50% of current franchise fee10% of the then franchise fee


Business Experience Requirements

 
Rita's Franchise
16 Handles Franchise
Experience -Experienced business people, franchisees, and multi-unit operators

Financing Options

 
Rita's Franchise
16 Handles Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/NoNo/Yes
Start-up Costs No/YesNo/Yes
Equipment No/YesNo/Yes
Inventory No/NoNo/Yes
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
Rita's Franchise
16 Handles Franchise
Training 5 days at Cool University and 4 days on site2 Weeks of training at one of our corporate training stores in NYC 1 Week of on site training support by one of our Operations Specialists
Support Cool Support Center, newsletter, meetings, toll-free phone line, grand opening, security/safety procedures, field operations/evaluationsAs a 16 Handles franchise owner, you will receive full support services every step of the way. Through informative, on-site visits and a comprehensive, confidential operations manual, you will be assisted in all the critical areas, including but not limited to: site selection, building design, initial equipment purchases, hiring, management, food ordering and marketing. And you will have ongoing support from our experienced corporate team to guide you through building your business, controlling your costs and running your business efficiently all the way from post-deposit through grand opening and beyond.
Marketing Ad slicks, National media, Regional advertising-
Operations 50% of all franchisees own more than one unit

Number of employees needed to run franchised unit: average 2 full-time, 15 part-time

A Franchise Business Consultant will be assigned to your store to assist with all business operations

Expansion Plans

 
Rita's Franchise
16 Handles Franchise
US Expansion YesYes
Canada Expansion No-
International Expansion NoYes

Company Overviews

About Rita's

From a small porch front in 1984 in Northeast Philadelphia and a seasonal phenomenon, Rita's continues to see unprecedented growth as it continues to grow across the nation becoming a year round spectacular with its cult-like following. Rita's - made fresh daily - Italian ice obsession is hitting everyone's taste buds and creating a passion not just for the brand but the opportunity to become a Rita's Italian ice franchise owner. It's no wonder we are wired for success and fueled up for our expansion not only across the nation, but internationally we are making our presence known. Rita's franchisees come from all walks of life with one thing in common - the desire to choose their own destiny with a proven system providing on-going support; not to mention all having a passion for Rita's cool treats and foregoing happiness. There's no better time than today to begin evaluating the Rita's business model. Why not get a taste of success and view our fresh and desirable products!


The total investment necessary to begin operation of a standard Rita’s shop is between $175,500 and $435,000. These figures include between $50,000 to $55,000 that must be paid to the franchisor or its affiliate.
The total investment necessary to begin operation of an express Rita’s shop is between $121,100 and $309,900. These figures include between $33,000 to $33,500 that must be paid to the franchisor or its affiliate.
If you enter into an agreement for a standard Rita’s shop or express Rita’s shop, we may offer you the opportunity to enter into an addendum to operate a Rita’s satellite shop and/or a Rita’s mobile unit.
The total investment necessary to begin operation of a Rita’s satellite shop is between $131,550 and $296,400. These figures include between $19,200 to $25,500 that must be paid to the franchisor or its affiliate.
The total investment necessary to begin operation of a Rita’s mobile unit is between $15,100 and $144,600. These figures include between $10,000 to $13,000 that must be paid to the franchisor or its affiliate.

About 16 Handles

The 16 Handles Brand is in High Demand. Launched in 2008, 16 Handles was New York's first self-serve pay-by-weight frozen yogurt shop and is still #1 in the city. We give our customers complete and total control over their creation with 16 different frozen yogurts and over 50 different toppings, with a menu offering products like Fro-Yo Cakes, Mega Mixes (take home pints), Toppings to Go, Fro-Yo Sandwiches, Whip-Ups, Waffle Bowls and Cones, Fruit Smoothies, Fro-Yo Hot Cocoa, and more! 16 Handles also offers an eye-catching in-store design, innovative marketing, and an amazing customer experience. We currently have over 40 stores across the East Coast and 150 international stores in development. Reasons to Invest! - #1 Frozen Yogurt Franchise Listed In The 2014 Future 50, Technomic - $780,915* AUV, Highest Among Our Competitors** - Taste The Difference In Quality - Hand Crafted, Proprietary Products With Kosher, Vegan, and Gluten Free Options Available Figures reflect averages for nineteen (19) stores as published under Item 19 of our 2014 Franchise Disclosure Document. As of December 31, 2013, we had twenty seven (27) Franchised Stores in operation, but only nineteen (19) of these Stores were open throughout the entire calendar year. We did not include the revenue figures for the eight (8) Franchised Stores that were not open for the entire 2013 calendar year, nor did we include the revenue figures for the Stores that are owned and operated by us and/or our affiliates. All of the franchisee information contained in Item 19 was provided to us by our franchisees through periodic reports required under the Franchise Agreement. **Competitors being Yogurtland, Pinkberry, Menchie's, sweetFrog, Orange Leaf, Red Mango, and TCBY, according to their respective 2014 FDD's, Item 19

"franchiserankingscom"
#72 on Franchise Rankings.com