Full Answer
What is the Kona Ice initial franchise fee?
The Initial Franchise Fee is payment for all of Kona Ice’s pre-opening assistance that it provides to allow you to open your Kona Ice Business and also offsets some of its franchisee recruitment expenses.
How much does it cost to buy a Kona-Ice franchise?
To buy a franchise with Kona-Ice, you'll need to have at least $30,000 in liquid capital and a minimum net worth of $50,000. Franchisees can expect to make a total investment of at least $99,800. They also offer financing via 3rd party as well as a discount for veterans ( 10% off Franchise Fee ). * What does Liquid Capital mean?
Why buy a Kona franchise?
75% of franchisees are purchasing a second unit within 2 years Kona's favorite feature for all customers is the ability to load up on tropical flavors to their heart's content. In a day and age where self-serve dessert is all the rage, Kona has taken that step for the mobile shaved ice industry with our patented FLAVORWAVE.
Who is the CEO of Kona Ice?
Tony Lamb is the founder and CEO of Kona Ice. Tony took inspiration from a bad experience with a “creepy ice cream truck” to start the biggest mobile ice cream franchise in the country. Kona Ice serves a market with a lot of strong competitors like Haagen-Dazs or Baskin-Robbins.
How much profit does a Kona Ice truck make?
Kona Ice operation costs are relatively low. While the average franchise overhead is 32%, Kona Ice's overhead is only 6%. This allows for profit margins of up to 50%. Based on the average profits claimed by 534 Kona Ice owners, we can estimate that given a midpoint investment of $162,275.
What is the total investment needed for Kona Ice?
To buy a franchise with Kona-Ice, you'll need to have at least $30,000 in liquid capital and a minimum net worth of $50,000. Franchisees can expect to make a total investment of at least $99,800.
How much does it cost to purchase a Kona Ice truck?
You'll need between $120,000 – $150,000 to open a Kona Ice unit.
What are the royalty fees associated with Kona Ice?
Royalty fees are as follows: $3,000 per year for the first five years; $3,500 per year for years six and seven; and $4,000 per year for years eight and up.
Is a snow cone business profitable?
Starting a snow cone business is an appealing venture because it has the potential to be very profitable. Shaved ice and snow cones have a high markup, which means each sale produces a large profit.
Who owns Kona Ice?
Tony Lamb - FounderTony Lamb - Founder and CEO - Kona Ice | LinkedIn.
How many locations does Kona Ice have?
Are you looking for a Kona truck? Well, you've come to the right place. With over 1,000 trucks in 48 states, you're bound to find one!
How much does a pelican's SnoBalls franchise cost?
$61,150 to $195,300How much does a Pelican's SnoBalls franchise cost? Pelican's SnoBalls has a franchise fee of up to $20,000, with a total initial investment range of $61,150 to $195,300. The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees.
Is Kona Ice a chain?
Kona Ice began franchising in 2008. In October 2012, the company launched the Kona Mini, a smaller replica of the Kona Ice truck, to sell shaved ice indoors during winter months. Kona Ice was recognized on Entrepreneur magazine's Franchise 500 list in 2013.
Where was Kona Ice founded?
2007KONA ICE / FoundedKona Ice was started in Northern Kentucky in 2007. Our boss thought, “Hey, people don't sell shaved ice off of trucks. Also, ice cream trucks are creepy.
How do you make Kona Ice?
0:422:07How To Make A Kona Ice - YouTubeYouTubeStart of suggested clipEnd of suggested clipJust a little just a little. Okay now what else do we do now. I would go with some great gravy greatMoreJust a little just a little. Okay now what else do we do now. I would go with some great gravy great okay so we're gonna do goofy grape on the outside we're gonna get a little bit messy. We.
Does Kona Ice truck take credit cards?
konaiceofdowney We accept all major credit cards, google, Apple Pay, Cash and Venmo! ...
How many locations does Kona Ice have?
Are you looking for a Kona truck? Well, you've come to the right place. With over 1,000 trucks in 48 states, you're bound to find one!
Where was Kona Ice founded?
2007KONA ICE / FoundedKona Ice was started in Northern Kentucky in 2007. Our boss thought, “Hey, people don't sell shaved ice off of trucks. Also, ice cream trucks are creepy.
Does Kona Ice take Apple pay?
konaiceofdowney We accept all major credit cards, google, Apple Pay, Cash and Venmo! ...
What does a Kona Ice Franchise Cost?
The total investment to open a Kona Ice franchise is $140,350. Kona Ice splits the initial investment into three different categories: the franchise fee ($15,000), inventory pack ($5,500) and the truck ($119,850). With the franchisee fee, you’ll receive corporate support and access to marketing materials. A onetime deposit of $20,000 is required. It covers your franchise fee and a $5,000 deposit on your truck.
How much does it cost to open a Kona Ice franchise?
The total investment to open a Kona Ice franchise is $140,350. Kona Ice splits the initial investment into three different categories: the franchise fee ($15,000), inventory pack ($5,500) and the truck ($119,850). With the franchisee fee, you’ll receive corporate support and access to marketing materials. A onetime deposit of $20,000 is required. It covers your franchise fee and a $5,000 deposit on your truck.
What is the best thing about Kona Ice?
One of the best things about Kona Ice is that the business model is simple. The brand works for you, not the other way around. Our goal at corporate is to make your Kona Ice experience as enjoyable and stress-free as eating a cup of shaved ice!
What is a Kona mini?
The Kona Mini: The most popular ancillary unit is a smaller, more agile version of the KEV. It’s designed for indoor events and smaller outdoor venues. It’s a low-risk, high-reward investment that can truly make your business last all year.
How long does it take to graduate from Kona?
You’ll graduate from Kona Kollege with a 30 day plan that will have you primed and ready for success. On top of your startup plan, you will be set up for multiple follow up calls throughout your first year to ensure a smooth and successful start to your business!
Is Kona Ice a new franchise?
Here at Kona Ice, we know why we’ve succeeded and reached these ranks of the #1 New Franchise (Entrepreneur Magazine 2013), top in Franchisee Satisfaction (Franchise Business Review and Franchise Update), #1 in Category (Dessert Franchise in Entrepreneur Magazine) and made the Fastest Growing List for the past five years. We don’t think it’s luck at all. It’s the combination of a fresh concept, strong corporate support with a vision, and a desire to make the world a better place.
Is the Kona Kiosk the same as a truck?
Perfect for semi-permanent venues or large events, the Kona Kiosk can serve the same amount of people as the truck. It’s smaller than a truck, but it has the same visibility and could be the perfect supplement to your Kona business.
How much does it cost to start a Kona Ice franchise?
Kona Ice breaks down the start up costs to allow the candidate to see exactly where their money is going. The franchise license will cost $15,000 and is necessary to do business with Kona Ice. The truck will be the biggest expense, coming in at a price of $95,750. Kona Ice also requires the franchisees to purchase their initial inventory pack, which will contain everything the franchisee will need to make the product. This pack costs $4,875 and has the potential to produce around $50,000 in revenue.
How many Kona Ice locations are there?
In the last eight years, Kona Ice has gone from having 120 franchised locations around the country, to over 800 locations. During this time they also saw themselves expand into the international market by opening their first location in Canada.
What is Kona Ice passionate about?
Kona Ice is passionate about seeing their franchisees succeed and they structure their franchise system to give them the best possible chance.
What is the turnover rate of Kona trucks?
Throughout all of this massive growth, they have been able to maintain a very healthy turnover rate of 4.43 percent. Franchisees are loving their Kona trucks and are not letting go of them.
Why should franchisees do their own research?
Potential franchisees should still take the time to do their own research about owning a franchise, because the actual process of running a location may not be what they are looking for. Because this is a mobile unit, the day-to-day operation will be vastly different from having a brick and mortar store. Understanding the structure of what that entails is crucial before signing any paperwork.
Where is Kona Ice located?
So, he founded Kona Ice in Boone County, Kentucky and designed five prototype trucks to try out his creations.
When did Kona Mini come out?
In October of 2012, they introduced the Kona Mini, which is a small replica of the trucks that can be set up indoors to serve the shaved ice during the winter months. This allowed the brand to open up their market and continue to bring in revenue all through the year, instead of only being limited to warm-weather periods.
Where is Kona Ice located?
Kona Ice is a mobile, Hawaiian-style shaved ice truck franchise based in Florence, Kentucky. The company was founded by Tony Lamb in 2007. Lamb is Kona Ice's CEO. It was named one of the fastest growing franchises in the United States. As of March 2015, the company had more than 600 franchise locations in 43 states.
Does Kona Ice have a flavor dispenser?
Customers can customize their shaved ice with the Flavorwave , a patented flavor dispenser built into the side of the truck. Kona Ice shaved ice contains 60 percent less sugar than regular sugar water snow cones and can be made of 100 percent fruit juice in participating locations.
How much does a Kona Ice franchise make?
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors. Unlock this franchise for franchise-specific data and insight.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 1181 franchised Kona Ice locations in the USA.
Are there any Kona Ice franchise opportunities near me?
Based on 2020 FDD data, Kona Ice has franchise locations in 45 states. The largest region is the South with 659 franchise locations.
KONA ICE Franchise Fee, Revenue, And Profit Margin
Kona Ice Franchise is a subsidiary of Kona Ice Inc. which is a leading mobile food dessert company that produces tropical shaved ice, flavored ice cream, and other related products.
HOW MUCH DOES KONA ICE FRANCHISE COST
If you want to start a Kona Ice Franchise, the minimum amount of money that you will need to start is $50,000.
KONA ICE FRANCHISE FEE
The cost of the Kona Ice Franchise fee is $15,000. This will grant you the license to operate your ice shave business using the name, logo, and business system of Kona Ice.
What are the benefits of Kona Ice Truck?
A benefit to having a Kona Ice truck is that you will receive large, protected territories for your business. Territories are assigned based on zip code and give you the chance to operate your business without nearby competitors. There is no forced expansion of your business, which is ideal for entrepreneurs who wish to keep their time and effort focused on only one franchise.
Is Kona Ice good?
The good news is that there are many benefits and advantages to owning a Kona Ice franchise. Not only do you have the freedom to drive around your territory, but your truck comes fully supplied with everything you need: equipment, self-serve shaved ice, patented flavorwave, and customizable ancillary equipment. Here are some more reasons why the franchise ranks high in business owner satisfaction:
