- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$305K - $470K
- Units as of 2014
-
41
Company Overview
About FroyoWorld Frozen Yogurt Lounge
Industry | Food |
---|---|
Related Categories | Frozen Yogurt |
Founded | 2010 |
Leadership | William Bok, Founder and CEO |
Corporate Address |
660 Center St. Manchester, CT 06040 |
Social | Facebook, Twitter |
Business Overview
Franchising Since | 2012 (12 years) |
---|---|
# of employees at HQ | 4 |
# of Units | 41 (as of 2014) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a FroyoWorld Frozen Yogurt Lounge franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$25,000 |
---|---|
Initial Investment
|
$305,120 - $470,000 |
Net Worth Requirement
|
$300,000 |
Cash Requirement
|
$250,000 |
Veteran Incentives
|
50% off franchise fee |
Royalty Fee
|
6% |
Ad Royalty Fee
|
1% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
In-House Financing | FroyoWorld Frozen Yogurt Lounge offers in-house financing to cover the following: franchise fee |
---|---|
Third Party Financing | FroyoWorld Frozen Yogurt Lounge has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 1 week |
---|---|
Classroom Training | 1 week |
Ongoing Support |
Newsletter
Meetings & Conventions
Grand Opening
|
Marketing Support |
Co-op Advertising
Regional Advertising
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 10 |
Are exclusive territories available?
|
Yes |
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