Start a Holyshakes Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $246K - $366K

Units as of 2022: 2 100.0% over 3 years

Holy Shakes, founded in 2019, is a dessert restaurant in the United States. They specialize in milkshakes and ice cream and offer various sweet treats such as ice cream sandwiches, brownies, popsicles, and donut sandwiches. Holy Shakes is committed to providing sweet and quality desserts and shakes.

Holy Shakes began franchising in 2021 and is actively seeking to expand its reach.

Why You May Want To Start a Holy Shakes Franchise

The perfect candidate for a Holy Shakes franchisee has previous experience running or operating a business, preferably a restaurant. However, restaurant experience is not needed, and Holy Shakes will provide training to all franchisees. Potential Holy Shakes franchisees should be organized, ready to grow, and have the ability to implement and follow a proven system of business.

If you love the idea of owning a delicious specialty desserts business, then opening a Holy Shakes franchise may be the right decision for you. Holy Shakes believes it offers great dessert options from the classics to new and unique recipes for every kind of sweet tooth. This may make them a great choice for families, friends, small gatherings, and every person who likes the occasional treat.

What Might Make a Holy Shakes Franchise a Good Choice?

Owning a Holy Shakes franchise may offer you an opportunity to build a business in the restaurant industry, which is valued at well over one billion dollars. With your Holy Shakes franchise, you may get to tap into the boutique dessert sub-industry. This industry may be steady and allow a lot of room for creativity.

Opening a Holy Shakes franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.

Holy Shakes’ unique creations may lead to demand for more locations. This demand can lead to a growing business for your franchise. Your Holy Shakes franchise may be uniquely placed with a built-in client base, high demand, and boutique options.

How To Open a Holy Shakes Franchise

To be part of the Holy Shakes team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.

The Holy Shakes franchising team will take you through the franchising process, including choosing a location, conducting interviews, offering financing options, and more. Be sure to ask any questions and do your due diligence to determine if a Holy Shakes franchise is a good fit for you and your goals.

Once you are ready to move forward and Holy Shakes approves your application, you will sign a franchise agreement. Construction will start as you undergo many hours of training to equip you with the tools and skills needed to run a Holy Shake franchise.

Company Overview

About Holyshakes

Industry	Food
Related Categories	Ice Cream, Frozen Desserts
Founded	2019
Parent Company	Holyshakes Franchise LLC
Leadership	Salomon Del Valle, CEO
Corporate Address	7761 N.W. 107th Ave., #2-09A Doral, FL 33178

Business Overview

Franchising Since	2021 (3 years)
# of employees at HQ	10
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises worldwide.
# of Units	2 (as of 2022)

Information for Franchisees

Here's what you need to know if you're interested in opening a Holyshakes 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 Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$40,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$246,350 - $365,700
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$40,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$40,000
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	6%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	1%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	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.

Third Party Financing	Holyshakes has relationships with third-party sources which offer financing to cover the following: franchise fee, 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	38 hours
Classroom Training	26 hours
Ongoing Support	Grand Opening Site Selection
Marketing Support	Social Media

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes