Founded in 1984, Rita's Water Ice is a part of Rita s Franchise Company, which maintains more than 550 stores in over 15 U.S. states. The individually owned and operated stores specialize in ice-related beverages in a variety of flavors, such as banana, cherry, chocolate, strawberry, mango watermelon and caramel apple. Its stores also serve ice cream, custard, cakes and brownies. Rita's Water Ice s stores offer products under the Blendini, Ritaccino, Misto and Slenderita brands. In addition, its stores provide catering services for corporate parties and private events. Rita's Water Ice offers gift cards of several denominations and promotional meal options, as well as maintains an online store. The chain additionally operates Cool University, which house a nearly 5,000-square-foot training center. The parent company offers franchising opportunities.