RITA’S EARNS SPOT ON WALL STREET JOURNAL’S ‘STARTUP JOURNAL’ ROSTER OF TOP 25 FRANCHISE HIGH PERFORM
Bensalem, PA (March 13, 2006) – Rita’s, the nation’s largest Italian ice chain has been selected as one of the Top 25 franchise high performers by the Wall Street Journal’s “Startup Journal”. The publication worked with FRAN data, an Arlington, Virginia based independent franchise research firm to select the top 25.
Rita’s was one of 1,458 franchise systems considered for the honor. Information was based on a company’s Uniform Franchise Offering Circular, which included audited financial statements. The criteria used to pick the top 25 included:
Seven or more years of franchise experience.
A minimum of 100 franchise units.
A below average turnover rate for 20004 (the most current available data).
According to the publication their top 25 are franchises that are well established, have experienced leadership, exhibit overall financial health and have a proven record of franchising success.
“This is really exciting to see our success recognized by one of the nation’s leading business media. It’s a real tribute to our franchise partners and their store employees as well as the corporate employees here at Rita’s Cool Support Center,” said Rita’s CEO Jim Rudolph.
The entire story on the Franchise High Performers can be found at www.startupjournal.com.