Franchising since 1996 · 74 locations
The total investment to open a Jeremiah's Italian Ice franchise ranges from $129,820 - $506,220. The initial franchise fee is $28,250. Ongoing royalties are 6%. Jeremiah's Italian Ice currently operates 74 locations (74 franchised). PeerSense FPI health score: 62/100.
$129,820 - $506,220
$28,250
74
74 franchised
Proprietary PeerSense metric
ModerateActive capital sources verified for Jeremiah's Italian Ice financing
SBA
7(a) Eligible
21d
Avg Funding
P+2.25%
Best Rate
No retainers · Referral fee at closing
Established (25-99 loans)
SBA Default Rate
0.0%
0 of 94 loans charged off
SBA Loans
94
Total Volume
$34.3M
Active Lenders
30
States
10
Navigating the expansive frozen dessert market presents a significant challenge for prospective franchise investors, who often grapple with the critical decision of identifying a brand that offers both robust growth potential and a proven operational model amidst a sea of options and the inherent risks of capital investment. Jeremiah's Italian Ice emerges as a compelling guide in this intricate landscape, distinguished by its unique product offerings and an explosive growth trajectory that has rapidly cemented its position as a prominent and expanding franchise within the United States. The journey of Jeremiah's Italian Ice began in 1988, when founder Jeremy Litwack, then a high school student, ignited his entrepreneurial dream by selling Italian Ice from a humble pushcart in front of the historic Philadelphia Mint. This foundational experience allowed Litwack to meticulously hone his craft and develop proprietary recipes that would become the cornerstone of the brand's distinctive flavor profile. The culmination of this dedicated effort saw the opening of the very first Jeremiah's Italian Ice location in Winter Park, Florida, in 1996, marking the official genesis of a brand now headquartered in Orlando, Florida. The company's strategic decision to launch its franchise model in 2019 catalyzed an unprecedented period of expansion, transforming a regional favorite into a national contender. Prior to this franchising initiative, the chain had organically grown to 22 corporate stores across the Southeast by 2018, demonstrating a solid pre-franchise foundation. By March 2025, the brand had expanded its footprint to over 160 locations across 11 states, a testament to its successful franchise strategy and strong market acceptance. This rapid scaling, supported by a unique blend of Italian Ice, creamy soft-serve ice cream, and signature Gelati, positions Jeremiah's Italian Ice as a significant player in the snack and nonalcoholic beverage bars category, offering a substantial franchise opportunity for investors seeking a proven concept in a resilient market segment. PeerSense provides this independent analysis to equip potential franchisees with the data-driven insights necessary for informed decision-making, moving beyond marketing rhetoric to deliver actionable intelligence.
The Snack and Nonalcoholic Beverage Bars category, within which Jeremiah's Italian Ice operates, represents a robust segment of the food service industry, characterized by its resilience and consistent consumer demand for accessible indulgences. While specific overall market size figures for this precise category are dynamic, the broader U.S. dessert and snack market is valued in the tens of billions of dollars annually, demonstrating steady growth fueled by evolving consumer preferences. Key consumer trends driving demand in this sector include an increasing desire for customizable treats, convenient grab-and-go options, and experiences that offer a momentary escape or reward. Frozen desserts, in particular, benefit from their broad appeal across demographics and their performance as a relatively affordable luxury, making them less susceptible to economic downturns compared to higher-ticket discretionary spending categories. Jeremiah's Italian Ice benefits from several secular tailwinds, most notably its strong regional presence in the Southeast, particularly in North Carolina, Georgia, and Texas, where warm climates naturally align with demand for frozen treats. The brand's strategic clustering strategy, evident along the I-85 corridor between Charlotte and Atlanta, optimizes supply chain management and enhances brand recognition, creating operational efficiencies and marketing synergies that are critical for rapid expansion. This industry category attracts franchise investment due to its often simpler operational models compared to full-service restaurants, typically lower labor costs, and high-profit margins on core products like Italian Ice and soft-serve. The competitive dynamics within the frozen dessert market are largely fragmented, yet brands with distinct product offerings and strong operational foundations, such as Jeremiah's Italian Ice, are well-positioned to capture significant market share. Macroeconomic forces, including sustained consumer spending on leisure and treats, coupled with an increasing preference for experiential retail, continue to create substantial opportunities for well-executed franchise concepts in this space, making the Jeremiah's Italian Ice franchise an attractive proposition for growth-oriented investors.
Investing in a Jeremiah's Italian Ice franchise involves a structured financial commitment designed to facilitate entry into a rapidly growing brand. The initial franchise fee for a traditional location is $35,000, reflecting the value of the brand, its established operating systems, and comprehensive initial support. For non-traditional locations, which may include smaller footprints or specialized venues, the franchise fee is a more accessible $15,000, demonstrating flexibility in development models. It is noteworthy that other sources indicate a franchise fee of $30,000 or a range of $24,000 to $30,000, while the FDD data specifies $28,250, suggesting a dynamic fee structure or different averages across various reporting periods; investors should confirm the exact fee for their specific proposed location and format. The total initial investment for a Jeremiah's Italian Ice franchise ranges from $129,820 to $506,220, a spread driven by factors such as the chosen store type (traditional versus non-traditional), specific geographic location, leasehold improvement costs, equipment packages, and initial inventory. This range positions Jeremiah's Italian Ice as an accessible to mid-tier franchise investment within the broader food service sector, appealing to a wide spectrum of potential franchisees. To ensure financial readiness, prospective franchisees are required to demonstrate liquid capital of $100,000 and a net worth of $250,000, establishing a baseline for financial stability and capacity to fund initial operations. Ongoing financial commitments include a royalty rate of 6% of gross sales, which contributes to the continuous development of the brand, system improvements, and ongoing franchisee support. While a specific advertising fee percentage is not available, the brand maintains an Ad Fund, indicating collective marketing efforts to enhance brand visibility and drive customer traffic. Jeremiah's Italian Ice also extends a significant incentive to active-duty service members, first responders, and qualified U.S. military veterans, offering a 20% discount on its franchise fee, underscoring a commitment to supporting those who serve. The strategic partnership with Pivotal Growth Partners, a franchise consultant firm, further underpins the corporate backing and expert guidance driving the brand's rapid expansion and franchising efforts, providing a robust framework for new investors.
The operating model for a Jeremiah's Italian Ice franchise is centered around delivering its signature frozen desserts, which include proprietary Italian Ice, creamy soft-serve ice cream, and the unique Gelati, a layered combination of both. Daily operations focus on efficient production, consistent product quality, and exceptional customer service within a vibrant, family-friendly atmosphere. While specific staffing requirements can vary by location size and sales volume, the model generally supports a relatively lean labor structure compared to full-service dining concepts, focusing on efficient counter service and product preparation. The brand offers flexibility in its format options, accommodating both traditional storefronts and non-traditional locations, as evidenced by the differentiated franchise fees. This adaptability allows franchisees to pursue diverse real estate opportunities, from inline retail spaces to potentially smaller, specialized venues. Comprehensive training is a cornerstone of the Jeremiah's Italian Ice support system, ensuring that franchisees and their teams are fully equipped to uphold brand standards and operational excellence. Although the precise duration and location of training are not detailed, the rapid expansion and consistent quality across numerous locations imply a robust program that covers all aspects from product preparation to customer engagement and business management. Ongoing corporate support is extensive, emanating from the Orlando, Florida headquarters, with dedicated leadership including CEO Michael Keller, COO Nicole DiPietro, and Senior Director of Franchise Operations Julianna Blackhurst, who oversees operations for over 100 locations as of March 2025. This support encompasses field consultants, operational guidance, marketing programs, and supply chain management, ensuring franchisees have the resources to thrive. The brand employs a strategic territory structure, favoring a clustering strategy, particularly along the I-85 corridor between Charlotte and Atlanta, to optimize supply chain logistics and maximize brand recognition within key markets. This approach also supports multi-unit development, an expectation for many successful franchisees, though the brand also accommodates dedicated owner-operators who are deeply involved in daily management.
Item 19 financial performance data is not disclosed in the current Franchise Disclosure Document for Jeremiah's Italian Ice, which means specific average unit revenues, median revenues, or top/bottom quartile performance figures are not publicly available through the FDD. In the absence of this direct disclosure, prospective investors must evaluate the brand's financial viability through other compelling indicators, primarily its extraordinary growth trajectory and strategic market positioning. The brand's expansion from 22 corporate stores in 2018, prior to franchising, to an impressive 60 units by 2021, representing an 82% increase from the previous year with over 50 locations in operation, signals robust initial success. This momentum continued with the grand opening of its 100th location in Winter Garden, Florida, on January 11, 2023, and a significant expansion in 2022, when Jeremiah's opened 38 new stores, penetrating four new territories including Colorado, Nevada, Tennessee, and Alabama, thereby extending its presence to 11 states. By August 2023, the chain comprised over 120 units, including 20 company-owned and 100 franchised locations, demonstrating a strong shift towards a franchised model. Further accelerating, by September 2023, the network exceeded 125 open locations across the U.S., with over 300 additional franchises already awarded or in development, indicating substantial investor confidence and future pipeline. The brand celebrated its 150th location grand opening in Tucson, Arizona, on May 16, 2024, and by 2025, the network had expanded to over 159 locations across 11 states, with Julianna Blackhurst noting 160 locations as of March 2025. This consistent, rapid growth, underscored by ambitious targets such as opening 40 new locations in 2023 against a target of 45, and planning for another 60+ stores over the 18 months following May 2024, strongly suggests healthy unit-level economics and a compelling return on investment for franchisees. Projections to reach 180+ units in 2025 and a long-term goal of 300 units within the next few years, as stated in February 2023, further support the notion of strong underlying financial performance driving this aggressive expansion. The brand's FPI Score of 62, categorized as "Moderate," indicates a balanced risk-reward profile, suggesting a solid foundation for growth and operational stability, even without explicit Item 19 revenue figures.
The growth trajectory of Jeremiah's Italian Ice has been nothing short of explosive since the launch of its franchise program in 2019, transforming it from a regional favorite into a rapidly expanding national brand. From 22 corporate stores by 2018, the network surged to 60 units by 2021, an 82% increase year-over-year, and reached its 100th location in January 2023. The brand opened 38 new stores in 2022, expanding into Colorado, Nevada, Tennessee, and Alabama, bringing its presence to 11 states. By August 2023, the chain had grown to over 120 units, comprising 20 company-owned and 100 franchised locations, and by September 2023, it boasted over 125 open locations, with a remarkable 300+ additional franchises awarded or in development. The 150th location opened in May 2024, and by March 2025, the network stood at 160 locations across 11 states. This consistent expansion is backed by ambitious corporate targets, including opening 40 new locations in 2023 (against a goal of 45) and planning to add 60+ more stores over the 18 months following May 2024, with projections aiming for 180+ units in 2025 and a total of 300 units within the next few years. Recent corporate developments include a significant leadership transition on June 27, 2023, when founder Jeremy Litwack transitioned from CEO to board chair, maintaining close to full ownership, while Michael Keller was appointed as the new CEO and President, bringing fresh leadership to guide future growth. Nicole DiPietro assumed the role of Chief Operating Officer in February 2023, and Julianna Blackhurst serves as the Senior Director of Franchise Operations, overseeing a rapidly expanding network. Jeremiah's Italian Ice creates a competitive moat through its proprietary recipes developed by Jeremy Litwack, offering a unique product differentiation in its Italian Ice, creamy soft-serve, and signature Gelati. Its strategic clustering approach, particularly along the I-85 corridor, optimizes supply chain and enhances brand recognition, while its focus on underserved Southeastern markets and Southwest states like Nevada and New Mexico, where climate and demographics align with the brand's success factors, ensures targeted expansion. The brand is adapting to market conditions by strategically expanding into new states and maintaining a strong pipeline of awarded franchises, reinforcing its position as a leader in the frozen dessert segment.
The ideal Jeremiah's Italian Ice franchisee is typically an individual with a strong entrepreneurial drive and a commitment to operational excellence, essential for maintaining the brand's high standards across a rapidly expanding network. While specific experience is not explicitly detailed, a background in management, customer service, or business operations would be highly beneficial, enabling the franchisee to effectively lead a team and manage daily operations. The brand's rapid growth and the fact that over 300 additional franchises have been awarded or are in development strongly suggest a preference for multi-unit operators or individuals with the capacity and ambition to scale their investment beyond a single location. This approach allows for greater market penetration and operational efficiencies within designated territories. Jeremiah's Italian Ice is focused on continued expansion exclusively within the United States, with significant growth opportunities available in key markets. Its strong regional presence in the Southeast, particularly Florida, North Carolina, Georgia, and Texas, continues to be a focus, alongside strategic expansion into Southwest states. Key markets targeted for growth include Texas, Florida, the Carolinas (North Carolina, South Carolina), Georgia, Arizona, Nevada, Tennessee, Alabama, Colorado, and Louisiana. The brand actively identifies growth opportunities in underserved Southeastern markets and Southwest states such as New Mexico, where climate and demographics align favorably with the brand's product appeal. The timeline from signing a franchise agreement to the grand opening of a Jeremiah's Italian Ice location can vary based on real estate acquisition, permitting, and construction, but the corporate team and its partners at Pivotal Growth Partners are structured to guide franchisees through this process efficiently. The franchise agreement term length is not available, which is a detail prospective franchisees should confirm during their due diligence process, along with any renewal terms or conditions for transferring or reselling a franchise.
For investors contemplating a franchise opportunity in the resilient and growing frozen dessert sector, Jeremiah's Italian Ice presents a compelling investment thesis, grounded in its unique product offering, robust operational support, and a verifiable record of explosive growth. The brand’s journey from a high school pushcart in 1988 to over 160 locations across 11 states by March 2025 underscores a proven concept and a highly effective franchise model launched in 2019. With a liquid capital requirement of $100,000 and a net worth requirement of $250,000, coupled with an initial investment range of $129,820 to $506,220, the Jeremiah's Italian Ice franchise offers an accessible entry point into a high-demand market. The strategic leadership of CEO Michael Keller and the guidance from Pivotal Growth Partners further fortify the brand's capacity for sustained expansion, targeting 300 units within the next few years. While Item 19 financial performance data is not disclosed, the aggressive unit growth, successful market penetration into new states, and a moderate FPI Score of 62 collectively signal a strong and viable business model that resonates with both consumers and franchisees. This franchise opportunity allows investors to capitalize on a beloved brand with proprietary recipes and a well-defined expansion strategy, particularly in climate-aligned markets. PeerSense provides exclusive due diligence data including SBA lending history, FPI score, location maps with Google ratings, FDD financial data, and side-by-side comparison tools. Explore the complete Jeremiahs Italian Ice franchise profile on PeerSense to access the full suite of independent franchise intelligence data.
FPI Score
62/100
SBA Default Rate
0.0%
Active Lenders
30
Key performance metrics for Jeremiah's Italian Ice based on SBA lending data
SBA Default Rate
0.0%
0 of 94 loans charged off
SBA Loan Volume
94 loans
Across 30 lenders
Lender Diversity
30 lenders
Avg 3.1 loans per lender
Investment Tier
Significant investment
$129,820 – $506,220 total
Estimated Monthly Payment
$1,344
Principal & Interest only
Jeremiah's Italian Ice — unit breakdown
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