Tropik Sun Fruit & Nut

Founded: 1980 Franchising since: 1980
Diversifoods Inc. was incorporated in 1980 and began operating Tropik Sun Fruit & Nut stores that same year. In 1983 the company began franchising. It has more than 100 locations in the United States and is based in Lake Bluff, Illinois.

P.O. Box 409 Lake Forest, Illinois 60045

Phone: (847)482-0006

Franchisor has 8 employee(s); 3 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2007	55	0	0	0
2006	58	0	0	0
2005	59	0	0	0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North carolina, New hampshire, New jersey, New mexico, Nevada, Ohio, Oklahoma, Pennsylvania, South carolina, Tennessee, Texas, United states, Utah, Virginia, Vermont, West virginia, Wyoming

Total investment: $93K-218K Franchise fee: $20K

Ongoing royalty fee: 6% Term of agreement: Varies based on lease term, 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	No
Payroll	No	No

Third-party financing source(s): various sources

Qualifications
Net worth requirement: $150K
Cash liquidity requirement: $35K
Business Experience:

• General business experience

Operations

• 10% of all franchisees own more than one unit
• Number of employees needed to run franchised unit: 6 - 8
• Absentee ownership of franchise is allowed. (65% of current franchisees are owner/operators)

Training

• Available at headquarters: As needed
• At franchisee's location: During opening

Ongoing Support

• Newsletter
• Meetings
• Grand opening
• Field operations/evaluations
• Purchasing cooperatives

Franchise 500® rank:
#478 (2007); #470 (2005);