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FranchiseVerdict

MidnighTreats vs Ralph's Famous Italian Ices

Franchise Comparison 2026

Both MidnighTreats and Ralph's Famous Italian Ices are quick-service restaurants franchises. MidnighTreats requires an investment of $133K – $296K while Ralph's Famous Italian Ices requires $112K – $318K. MidnighTreats discloses average revenue of $485K; Ralph's Famous Italian Ices does not report Item 19 data. FranchiseVerdict rates MidnighTreats A (Top Quintile) and Ralph's Famous Italian Ices A (Top Quintile).

Investment Range
$133K – $296K
$112K – $318K
Franchise Fee
$30K
$20K
Royalty Rate
7.0%
$1 per 2.5 gal tub; $3 per gal soft-serve mix; 5% of Additional Products
Average Revenue (Item 19)
$485K
N/A
SBA Charge-Off Rate
N/A
Limited data
Total Units
4
83
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2024
2001
FDD Year
2026
2025