October 25, 2016 4:35 AM ET

Hotels, Restaurants and Leisure

Company Overview of Rita's Water Ice Franchise Company, LLC

Company Overview

Rita's Water Ice Franchise Company, LLC operates and franchises Italian ice stores in the United States. Its stores offer Italian ice, cream ice, sugar-free Italian ice, frozen custard, sundaes, gelati, Misto drinks, mix-ups, milkshakes, toppings, frozen drinks, frozen custard cakes, and custard cookie sandwiches. The company was founded in 1984 and is based in Trevose, Pennsylvania.

1210 Northbrook Drive

Suite 310

Trevose, PA 19053

United States

Founded in 1984





Key Executives for Rita's Water Ice Franchise Company, LLC

Chief Executive Officer, President and Director
Executive Chairman
Age: 64
Chief Financial Officer and Senior Vice President
Senior Vice President of Operations
Chief Development Officer and Senior Vice President
Compensation as of Fiscal Year 2016.

Rita's Water Ice Franchise Company, LLC Key Developments

Rita's Italian Ice Breaks into Convenience Stores

Rita's Italian Ice announced it would be entering the convenience and gas channel in the country with two area development agreements. The agreements were awarded to M&M Arc Inc. for locations in the West, and to Ice & Go for locations in the Midwest, South and Northeast for a total of 60 locations by 2025. Divine Lorraine redevelopment inches closer to start date. The first location opened in Newbury Park, California, at the Chevron Extra Mile convenience store. Ice & Go, owned by developer Scott Stevens, will be opening 30 stores in the Midwest and along the East Coast in a 10-year timeframe as well. Next month, Stevens will be opening a Rita's at Lucky's Station in Stillwater, Minnesota. Rita's latest expansion plan comes a month after its announced expansion in Boston, opening 30 stores by 2023. The first store is slated to open next spring, generating more than 100 jobs.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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