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Rocky Mountain Chocolate Factory

Chocolates & confections

Background

Founded: 1981 Franchising since: 1982
On Memorial Day Weekend, 1981, Franklin Crail wasn't on vacation; instead, he was opening the doors to a new business. That weekend, residents of Durango, Colorado, got the world's first taste of a Rocky Mountain Chocolate Factory.

Today, visitors to any of the company's more than 200 U.S. locations can watch fudge being made, bite into fresh caramel apples, and purchase a variety of candies and chocolates.

265 Turner Dr.
Durango, Colorado 81303
Phone:
(800)438-7623/ (970)259-0554


Franchisor is a publicly-held company with 130 employee(s); 5 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 276 44 3 7
2008 281 40 3 4
2007 275 37 3 5
2006 264 33 3 7
2005 243 29 2 8

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide

Costs and Fees

Total investment: $158.95K-566.4K
Franchise fee: $24.5K
Ongoing royalty fee: 5%
Term of agreement: 10 years, renewable
Express/kiosk option available

Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No Yes
Payroll No Yes

Qualifications
Net worth requirement: $200K
Cash liquidity requirement: $50K

Operations
  • 25% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 7
  • Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 7 days

Ongoing Support
  • Meetings
  • Grand opening
  • Field operations/evaluations

Rankings

Franchise 500® rank:
#162 (2009); #151 (2008); #135 (2007); #152 (2006); #146 (2005);

Ranked #1 in category in:
2009; 2008; 2007; 2006; 2005;

America's Top Global Franchises:
#127 (2009); #130 (2008); #103 (2007); #120 (2006);


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