Is Ben&Jerry's Ice Cream franchise a good investment?
Ben & Jerry's Ice Cream franchises are fun, viable and personally rewarding. What does Liquid Capital mean? Ben & Jerry's Homemade, Inc., the Vermont-based manufacturer of ice cream, frozen yogurt and sorbet, was founded in 1978 in a renovated gas station in Burlington, Vermont, by childhood friends Ben Cohen and Jerry Greenfield.
How do I become a Ben&Jerry’s franchisee?
If we are ultimately a good fit for each other and we extend an offer to you to become a Ben & Jerry’s franchisee, and you accept, you’ll be asked to sign a Preliminary Agreement within 30 days of your formal approval. That’s when the fun really begins!
Where can I buy Ben&Jerry's products?
Ben and Jerry's products are distributed nationwide and in selected foreign countries in supermarkets, grocery stores, convenience stores, franchised Ben & Jerry's scoop shops, restaurants, and other venues.
Is there a Ben and Jerry's franchise in Vermont?
Ben & Jerry's Franchise Information: About Us. Ben & Jerry's Homemade, Inc., the Vermont-based manufacturer of ice cream, frozen yogurt and sorbet, was founded in 1978 in a renovated gas station in Burlington, Vermont, by childhood friends Ben Cohen and Jerry Greenfield.
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How much does it cost to start a Ben & Jerry's?
Under one disclosure document, the franchisor offers franchises for scoop shops and satellite shops....Ben & Jerry's Franchise Costs & Fees.Name of FeeLowHighInitial Franchise Fee ($18,500, if applicable, will be credited from the deposit)$7,500 (satellite addendum)$37,000 (franchise agreement)17 more rows
Are ice cream franchises profitable?
Are Ice Cream Franchises Profitable? There are a lot of variables that go into whether any individual franchise is profitable. But, generally speaking, ice cream franchises can be very profitable.
How profitable is opening a franchise?
Buying a franchise might seem like easy money, but those royalties and fees will quickly cut into profit margins. The majority of franchise owners earn less than $50,000 per year.
How much do franchise store owners make?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.
What is the largest ice cream franchise?
Baskin-Robbins It also has standalone shops and is one of the world's largest ice cream chains, with more than 2,400 locations in the U.S. Over 70 years ago, Burt Baskin and Irv Robbins had the idea of offering 31 flavors of ice cream while all the other ice cream shops offered only vanilla, chocolate, and strawberry.
How much does it cost to open a Haagen Dazs?
Frequently Asked Questions. How much does a Häagen-Dazs® Franchise cost? Our initial franchise fee is $30,000. The investment range detailed in our Franchise Disclosure Document (FDD) has a midpoint investment cost of about $378,643.
What franchise makes most money?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
What are the risks of buying a franchise?
5 Risk Factors to Consider Before Buying a FranchiseFads. Successful and well-known franchisors have usually been in business for several years, but there are certainly some newer franchise brands that are doing very well. ... Regionality and Seasonality. ... Recession Resistance. ... Capital Risk. ... Government Regulations.
How often do franchises fail?
His analysis of more than 20,500 small businesses found that 65.3 percent of franchises survived after four years, compared to 72 percent of independent businesses. Retail franchises fared worse, with a 61.3 percent survival rate, vs. 73.1 percent of independent retail businesses.
Do franchise owners have to work?
Owning a franchise unit can be demanding, requiring work of 60 to 70 hours a week, but owners have the satisfaction of knowing that their business's success is a result of their own hard work. Some people look for franchise opportunities that are less demanding and may only require a part-time commitment.
How much does a McDonald's franchise cost?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
What does a Subway franchise cost?
Subway's fee for becoming a franchisee is $15,000, and startup costs, which include construction and equipment leasing expenses, range from $116,000 to $263,000, according to the company.
Do ice cream shops make money?
According to Ice Cream University, a standard ice cream shop has a profit margin of about 25%. Which means that you'll have to sell at least $4 worth of product for every $1 spent to break even.
What is the number one selling ice cream?
The Best Selling Ice-Cream Brands In The WorldRankIce Cream BrandGlobal Sales, 2015 (in USD)1Magnum2.54 billion2Häagen-Dazs2.08 billion3Cornetto1.59 billion4Ben & Jerry's1.23 billion6 more rows
How much does it cost to buy an ice cream franchise?
Generally, an investment upwards of $100,000 is needed as a starting point for operating an ice cream franchise.
How much does it cost for a Baskin Robbins franchise?
How much does Baskin-Robbins franchise cost? Baskin-Robbins has the franchise fee of up to $25,000, with total initial investment range of $93,550 to $401,800.
How much does Ben and Jerry's franchise cost?
Ben and Jerry’s franchise fee is estimated at $37,000, with total initial investment range of $156,385 – $486,000. Here are areas where you are expected to spend money and the cost associated with it;
Where is Ben and Jerry's headquarters?
They have their corporate headquarters at 30 Community Dr. South Burlington, VT 05403, USA and presently they have an estimated 556 franchise units in operation.
What equipment do you need to open a franchisor shop?
Please note that you must purchase certain items of equipment, including smallwares, fixtures, furniture, and trade dress, in order to open and operate the Shop as required by the franchisor’s specifications.
Do you need inventory to open a scoop shop?
Please note that you will be required to purchase sufficient inventory to open and operate the Scoop Shop under the franchisor’s specifications.
Who should review a franchise agreement?
Please note that you should review the lease, Franchise Agreement, and a business plan with an attorney, accountant, and/or other consultants.
Do you have to pay a deposit to start a franchise?
You will not sign the Franchise Agreement and pay the initial franchise fee until a site has been authorized.
Do franchisor estimates include real estate?
Please note that the estimates noted above are based on the franchisor’s estimates for the size of the Shops and the product line offered at the Shops. These estimates do not include estimates for real estate purchases should you wish to purchase the property for your Shop.
Where is Ben and Jerry's ice cream made?
Ben & Jerry's Homemade, Inc., the Vermont-based manufacturer of ice cream, frozen yogurt and sorbet, was founded in 1978 in a renovated gas station in Burlington, Vermont, by childhood friends Ben Cohen and Jerry Greenfield. Ben and Jerry's products are distributed nationwide and in selected foreign countries in supermarkets, grocery stores, convenience stores, franchised Ben & Jerry's scoop shops, restaurants, and other venues. Ben & Jerry's, a wholly-owned autonomous subsidiary of Unilever, operates its business on a three-part mission statement emphasizing product quality, economic reward and a commitment to the community.
Is Ben and Jerry's expanding?
We're rapidly expanding our franchise network in key markets across the country, and seeking area developers and single unit operators to be part of our growth. If you're interested in becoming a Ben & Jerry's franchisee, please complete the Express Request form below.
Is Ben and Jerry's ice cream socially responsible?
Backed by our unique brand and shared desire to operate in a socially responsible way, our franchisees are harnessing the power of "doing well by doing good."
How much does it cost to open a Ben and Jerry's franchise?
The estimated investment required to open a Ben & Jerry's Franchise is between $152,200-$546,800. There is an initial franchise fee of $16,000-$37,000 which grants you the license to run a business under the Ben & Jerry's name.
Can you own a franchise if you are absent?
Absentee ownership of franchise is NOT allowed.
How long do franchisees have to keep their shop open?
Franchisees must keep the shop open and in normal operation for the minimum hours and days is required by their lease (or, if the lease does not state minimum hours and days, then the minimum hours and days that the franchisor may specify in the manual or otherwise in writing).
How often do franchisees have to attend training?
Franchisees, their manager and other employees may also be required to attend additional courses, seminars, and other training programs as the franchisor may require from time to time. Every five years, franchisees must also attend such additional courses, seminars, and other training programs as the franchisor may require.
How long does a scoop franchise last?
Term of Agreement and Renewal: The term of the franchise agreement is 10 years for scoop shops and five years for satellite shops (unless the franchisor agrees to a shorter period). Franchisees may renew for one additional period of 10 years for scoop shops (unless the franchisor goes to a shorter period), if requirements are met.
What does a franchisee have to sell?
Franchisees must sell only those products that the franchisor has expressly approved in writing and which meet its current standards as established in the manual or otherwise in writing. Franchisees must not sell any other kind of service or product without first obtaining the franchisor’s written consent.
How much beneficial interest do franchisees have?
If the franchisees are a corporation, a partnership, or a limited liability company, they must have a person who has a minimum of 20% beneficial interest in the entity that is the franchisee devote his/her full time and best efforts to the management and operation of the shop.
Does franchising offer financing?
Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor will not guarantee a franchisee’s note, lease or obligation.
Does a franchisee get exclusive territory?
Territory Granted: Franchisees will not receive an exclusive territory. The Franchise Agreement will specify an authorized location for the shop. The size and scope of the territory will be determined on a case-to-case basis.
Why is Ben and Jerry's franchise important?
Because of the importance that location plays to any business venture, the Ben and Jerry’s franchisee has the freedom of choosing his/her own location, while being guided through the provision of aids using its proprietary tools including the provision of the necessary tips to make the best selection of location possible.
What is Ben and Jerry's support?
The support provided by the Ben and Jerry’s franchise covers vital areas of operation of the franchise. These are grouped under the ongoing support and the marketing support. Under the ongoing support, it covers areas such as field operations, a grand opening ceremony, occasional meetings and newsletter releases aimed at updating the skills of its franchises in addition to exposing them to the current trends and innovations within the industry.
Is Ben and Jerry's franchise mandatory?
These ongoing costs are mandatory for all Ben and Jerry’s franchisees, as failure to meet this requirement will result in appropriate sanctions or outright withdrawal of the franchise opportunity.
Why Should You Start a Ben & Jerry’s Franchise?
Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Ben & Jerry's franchise and we'll be in touch soon!
Is Ben & Jerry’s Right For You?
Ben & Jerry’s has gone digital! Here are all of the ways you can find Ben & Jerry’s online. Oftentimes, you can reach out to current franchisees of Ben & Jerry’s online. Current franchisees may be able to offer personalized insights into what it is like owning a Ben & Jerry’s franchise and offer tips to running a successful Ben & Jerry’s franchise location.