Miami Rice Pudding Franchise Review

Miami Rice is the newest kid on the block for specialty treats. This two-year-old claims over 35 original flavors of rice pudding that are low in cholesterol, fat, and sodium with no preservatives, artificial colors or flavors. Prices are set to compete with ice cream and other desserts.

Miami Rice Pudding Company has received a strong reception at their premier store located in Denville, New Jersey. Store #2 is located in Sarasota, Florida with store #3 coming soon to Phoenix, Arizona. Miami Rice Pudding Company gets 4 stars for originality, however, the franchise will remain unrated until we see some growth and can ascertain profit potential for franchisees.

Background and Benefits

Miami Rice Pudding Company units can occupy 100 to 500 square feet of space in malls, airports, shopping centers and sports arenas. Their “rice paddy wagon” delivers these designer rice puddings to art shows, fairs, flea markets, and sporting events—anywhere that crowds gather. Mascot, “Mr. Rice Guy” is always on hand to greet visitors and to offer sample tastings to delighted crowds, who normally end up purchasing a cup. Miami Rice Pudding Company encourages franchisees to operate both the fixed location and mobile units. Their system requires minimal food preparation and the pudding has a long shelf life. Mall chains are interested in the franchise because they are unique, and provide a fun concept to their storefronts.

The franchise fee is a mere $14,900 or you can pay $35,000 to $40,000 for an exclusive territory. Training consists of one week at HQ and one week on location. The net worth requirement is $190,000 while the cash liquidity requirement is only $25,000. This one is as easy to run as an ice-cream parlor, and owners claim it sells just as well as the frosty confection.

We are excited to see if this idea takes off. Miami Rice Pudding Company is determined to compete with ice cream, gelato, pretzels and cookies, offering 35 yummy flavors of Rice Pudding. Quantities are available to take home or to the office, to parties and picnics, and it doesn’t melt! The Rice Pudding is delivered in cups or cones with the customers’ choice of toppings. This is a low investment franchise, but increased popularity will no doubt inflate the initial franchise fee. If you like to roll the dice and smell a winner here, you might want to gamble on this concept before the price goes up.

• Absentee Ownership - Absentee ownership is allowed
• Low Overhead and Limited Food Prep - Only 3 employees are needed to run a unit with minimal food prep time.

Cons

• Newbie Status -- We are keeping our eyes on this one. If it survives its current trendy status, it might just be a keeper.

Miami Rice Pudding Franchise Information

Business Established: 2006
Franchising Since: 2006
Start-up Cost: $14,900
Total Investment: $71,000 to $169,000