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Published Jan. 3, 2017, 3:23 p.m. ET. For the third time since 2004, when ex-Philadelphia firefighter Bob Tumolo cashed out on the Trevose-based water-ice and custard chain he named for his mother, Rita's has been purchased by private investors who hope to take the chain global. Argosy Private Equity, a Wayne company that also owns industrial.
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Just like it was in the early days when Bob Tumolo and his mother opened the very first Rita's in Philadelphia. Look for the next installment of the Rita's story in the November issue of The Magazine of Santa Clarita. For more information, please call 661-414-3734 and visit www.RitasofSantaClarita.com . Rita's of Santa Clarita is located.
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Family-owned McKnight Capital Partners of Pittsburgh bought Rita's Water Ice Franchise Corp. yesterday from Bob Tumolo, who founded the company in 1984 to supplement his income as a Philadelphia.
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Rita's Franchise Company, LLC, doing business as Rita's Italian Ice (originally and now informally known as Rita's Water Ice), is a privately owned and operated American quick service restaurant chain originating in the Philadelphia metropolitan area that expanded throughout and now operates primarily in the Mid-Atlantic United States.The chain is known for its Italian ice or "water ice" and.
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The story of Rita's dates back to the summer of 1984, when Bob Tumolo, a former Philadelphia firefighter, decided to open a small Italian Ice business to supplement his income.. Tumolo opened.
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Founded by a retired Philadelphia firefighter named Bob Tumolo, Rita's began as a small store in Bensalem, Pa., in 1984. It now has more than 600 stores selling the dessert from California to.
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Bob Tumolo, who opened the first Rita's-brand summertime water-ice shop in 1984, was a city firefighter from South Philly who sold out, after 20 years, because growing the chain made him tired. And selling it made him rich.
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Founded in May 1984 by Philadelphia firefighter Bob Tumolo, Rita's Italian Ice and Frozen Custard has grown to become the world's largest water ice concept. Tumolo started the company in Bensalem Township using a family recipe that incorporated real fruit. He named the product after his wife Rita.
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The company grew from its modest beginnings on Founder Bob Tumolo's porch to franchising its scalable business model across the country. By Kelsi Trinidad. Since 1984, Rita's has been serving up smiles with its famous Italian ice and frozen desserts. The company grew from its modest beginnings on Founder Bob Tumolo's porch to franchising.
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Originally founded in May 1984, Philadelphia firefighter Bob Tumolo created his prized family recipe to include real fruit, named the product after his wife Rita, and Rita's Italian Ice was born. Since then, Rita's has staked its claim in the frozen treats industry by planting franchises across the country that offer a happy atmosphere, as.
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Rita's was founded in 1984 by former Philadelphia firefighter Bob Tumolo, who first sold water ice on the front porch of his Bensalem home. The company is named after his wife, Rita Tumolo. Rita's.
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Bob Tumolo, a former Philadelphia firefighter, opened a small Italian Ice business on his front porch in a suburb of Philly. That first shop, named after his wife, Rita, was created to offer the best-tasting, highest-quality Italian Ice. Today, Rita's is in over 30 states, serving up Ice, Custard, and Happiness to millions of loyal fans..
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Rita's Water Ice. 1. Rita's was founded by a Philadelphia firefighter named Bob Tumolo in 1984. He founded it with help from his mother and his mom. But dude didn't start working there full-time.
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Published Jul. 8, 2012, 3:01 a.m. ET. John A. Tumolo, 52, a founder of Rita's Water Ice, died of cancer Thursday, July 5, at his home in Yardley. Shortly after his brother, Bob, and mother, Elizabeth, opened Rita's Water Ice on Bristol Pike in Bensalem in 1984, Mr. Tumolo joined the business. Over the course of 20 years, the family water-ice.
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We love a good start-up story—and the history of Rita's Italian Ice doesn't disappoint. It all begin in 1984, when a former Philadelphia firefighter by the name of Bob Tumolo decided to sell Italian ice from his front porch in Bensalem, a suburb of Philly, as a way to make a little extra money. With the help of his mother, Elizabeth, Bob.