Rita's Italian Ice, largest Italian-ice concept in the U.S. with more than 625 outlets, has awarded a master franchise agreement for all of Canada to Canada Water Ice Co. Ltd. of Calgary. Rita's sells ice-mixed treats, such as milkshakes and custard.
Steve McDonough, president of Canada Water Ice and a franchise veteran, will serve as the master franchisee overseeing growth throughout the country. The agreement calls for 80 outlets to be developed over the course of the next five years.
"We are proud to introduce Rita's Italian Ice to Canada", said Jonathan Fornaci, CEO of Rita's. "Steve McDonough and his franchise team will enable us to expand Rita's brand throughout North America."
A Rita's franchise requires a total investment of from $112,700 to $287,400, including a franchise fee of from $12,500 to $25,000. There is also a royalty fee.
from Western Investor February 2013
