How much does a Doc Popcorn franchise cost?
- Initial Franchise Fee: $15,000
- Total Investment: $46,409 to $130,074
- Working Capital: $2,500 to $4,000
- Royalty Fee: 6.0%
Full Answer
Who owns Doc Popcorn?
Doc Popcorn was purchased by Dippin' Dots, LLC, the iconic beaded ice cream company, in 2014. The pairing opened the door for a sweet and salty co-brand franchise, gaining success by featuring both delicious snacks under one roof.
How do franchise fees work?
Franchise marketing fees are usually based on your monthly revenue. For instance, if your average monthly revenue is $25, 000, and the franchisor charges a 2% marketing fee, you'll have to pay your franchisor $500. (That's $6, 000 annually.)
What types of assistance Does the franchisor give a franchisee?
A franchisor will typically offer the following assistance to franchisees:Financial assistance. Not all franchisors offer financial assistance but some do have financing programs available to franchisees. ... Location selection. ... Training/operations manual. ... Advertising and marketing. ... Ongoing support.
How do franchise owners get paid?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
How much is Mcdonalds franchise fee?
$45,000McDonald's Franchise Cost / Initial Investment / Income Most McDonald's owner/operators have entered the corporation by purchasing an existing restaurant. To open a McDonald's franchise, however, requires a total investment of $1-$2.2 million, with liquid capital available of $750,000. The franchise fee is $45,000.
What does the franchisee have to pay the franchisor?
A royalty fee is a recurring charge, usually on a weekly, monthly or quarterly basis, where the franchisee pays the franchisor for the continued use of the franchisor's marks, systems, products, and services.
What should a franchise offer?
In many instances, a franchisor will offer a support programme that's truly exceptional....There are a few different ways franchisors can ensure their new recruits succeed.Financing. ... Selecting a site. ... Initial training. ... Ongoing Training. ... Guidance, support and assistance. ... Marketing and advertising.
What is an advantage of buying a franchise?
Advantages of buying a franchise You don't necessarily need business experience to run a franchise. Franchisors usually provide the training you need to operate their business model. Franchises have a higher rate of success than start-up businesses. You may find it easier to secure finance for a franchise.
What is the typical franchise fee?
Franchise fees are typically between $25,000 to $50,000 on average. 2) Startup Costs: These are the expenses you'll incur to get your new business open and operating. Initial investment costs vary widely from franchise to franchise.
Is a franchise fee a one time payment?
The (sort of) good news is that franchise fees are typically just a one time payment. However, if you think you may want to buy a franchise, it's something you'll need to get comfortable with. It's also just one line item in your total initial investment.
What percentage do franchises take?
The average or typical royalty percentage in a franchise is 5 to 6 percent of volume, but these fees can range from a small fraction of 1 to 50 percent or more of revenue, depending on the franchise. Marketing Fees.
Are franchise fees refundable?
Fees and royalty clause This clause mentions the non-refundable franchise fees which the franchisee has to make to the franchisor and also the one-time fees if any. Royalty clause is the non-refundable portion of the payment (usually in percentage) which the franchisee are obliged to make to the franchisor.
How much does a Doc Popcorn franchise make?
Franchise revenue and profits depend on a number of unique variables, including local demand for your product, labor costs, commercial lease rates and several other factors. We can help you figure out how much money you can make by reviewing your specific situation. Please unlock this franchise for more information.
How many states are Doc Popcorn franchises in?
Based on 2020 FDD data, Doc Popcorn has franchise locations in 29 states plus DC. The largest region is the South with 37 franchise locations. This franchise is expanding into new markets and might be available near you. One of our franchise experts will have detailed knowledge about this brand.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
Are there any Doc Popcorn franchise opportunities near me?
Based on 2020 FDD data, Doc Popcorn has franchise locations in 29 states plus DC. The largest region is the South with 37 franchise locations.
Who is Doc Popcorn?
Doc Popcorn is a simple and fun business that is popping up everywhere. Inspired by “mom and pop” kettle corn makers, our founders Rob & Renee Israel spent the better part of a decade creating a mouthwatering flavored popcorn offering and a variety of flexible business models to pop fresh at high- traffic venues. We have since grown into a family of nearly 100 POPrietors who are having a blast spreading smiles worldwide with our great tasting, freshly popped snack.
Are you Ready to Get Popping?
We award franchises to candidates who meet our financial criteria and seek a simple, fun and flexible business opportunity. Many of our POPrietors are couples and families operating their Doc Popcorn business together. They also own or plan to operate multiple locations.
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Doc Popcorn franchise may result in higher or lower fees.
How to finance
Go to the Doc Popcorn franchising website and review its financial requirements, including cash-on-hand requirements.
Compare small business lenders
You may not need financing to cover the estimated $90,500. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
How Doc Popcorn stacks up
Compare how Doc Popcorn holds up against two similarly sized franchises.
Bottom line
Doc Popcorn franchise costs run a total of $166,525. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing .
Rhys Subitch
Rhys Subitch is the loans editor at Finder, guiding Americans toward smart borrowing decisions. With over half a decade of experience researching, editing and writing for a Fortune 500 company, university and several independent publications, Rhys brings readers the most up-to-date and curated info in the lending sphere.
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Doc Popcorn 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.
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Franchise 500 Ranking History
Compare where Doc Popcorn landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Doc Popcorn ranked on other franchise lists? Find out below.
