How much does a 16 Handles franchise cost? 16 Handles has a franchise fee of up to $30,000, with a total initial investment range of $264,750 to $728,000. Initial Franchise Fee: $30,000
How much is 16 Handles franchise?
How much does 16 Handles franchise cost? 16 Handles has a franchise fee of up to $30,000 with a total initial investment range of $274,500 to $735,000.
How many locations does 16 Handles have?
30 locations16 Handles has 30 locations, each of them owned by a franchisee. System sales last year rose 7.5% to $18.7 million in 2021, according to Restaurant Business sister company Technomic.
How does a franchise make money?
A franchisor makes money from royalties and fees paid by the franchise owners. A franchise owner makes money through profits received from sales and service transactions. This is generally the left-over amount of money received from revenue after overhead costs are taken out.
Is Handles a franchise?
Financials and Estimated Operating Costs A Handel's Ice Cream Franchise involves the establishment and operation of a retail ice cream parlor. In order to be considered, you must have a net worth of $500,000 and unrestricted capital in the amount of $250,000 (based on cash and convertible non-retirement investments).
Why is 16 Handles called 16 Handles?
Then there's the name. Sure, it's called 16 Handles for the number of handles customers can pull to dispense frozen yogurt, but it's also a nod to a favorite movie and treat from Choi's youth. “Growing up as a child of the '80s, '16 Candles' was one of my favorite films,” he says.
Who started 16 Handles?
Founder Solomon Choi16 Handles was founded in 2008 as New York City's first self-serve frozen dessert shop. Founder Solomon Choi opened the East Village location after moving to New York with the goal of creating an inclusive, experience-focused brand that people love.
Can you get rich owning a franchise?
The bottom line is that while a franchise can make you independently wealthy, it isn't a guarantee. Choosing the right business in the right industry, and going in with preexisting entrepreneurial experience and/or existing wealth can help, but your income-generating potential may still be somewhat limited.
How much does a franchise owner make?
The Numbers According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
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 does it cost to open a Handles?
Overview. $100,000 is required in available capital if you want to become a franchisee. You need to have a total net worth of $250,000 if you want to become an owner. The ongoing royalty payments from franchisees paid back to the franchisor is 6%.
Is 16 handles a franchise?
What does it cost to franchise a 16 Handles store? The start-up cost is between $228,250 and $671,000, including a $30,000 franchise fee due upon signing, but this cost varies depending on the size, location, and existing condition of the proposed space and on other factors.
How many locations does Handel's ice cream have?
As of November 2021, the company is operating 72 corporate and franchise stores in ten states....Handel's Homemade Ice Cream & Yogurt.Trade nameHandel's Homemade Ice Cream & YogurtNumber of locations73 as of June 22, 2021Area served10 states in the U.S.Key peopleRich Matherne (CEO)12 more rows
Is 16 handles a franchise?
What does it cost to franchise a 16 Handles store? The start-up cost is between $228,250 and $671,000, including a $30,000 franchise fee due upon signing, but this cost varies depending on the size, location, and existing condition of the proposed space and on other factors.
Is 16 handles sugar free?
Fact #16: 16 Handles Offers the Best Fro-Yo Around We also cater to your needs and restrictions by offering low-fat, fat-free, gluten-free, sugar-free, vegan, and nut-free options!
Does 16 handles take Apple pay?
What forms of payment are accepted at 16 Handles? 16 Handles accepts credit cards and Apple Pay.
Is cups frozen yogurt kosher?
About CUPS Frozen Yogurt: CUPS frozen yogurt products are Kosher certified by KOAOA Kosher and are made with live and active cultures, so they're good for you too.
What is a 16 handles franchise?
16 Handles franchise offers for sale frozen yogurt, ice cream & smoothies. The service is provided both in traditional stores and through online orders.16 Handles dessert franchise opportunities are promising due to constant innovations with new flavors, toppings, and confections. Starting a 16 Handles self-serve frozen yogurt franchise, the entrepreneur receives a well-recognized brand name, great marketing techniques, and support of the franchisor. If you are thinking of how to open the 16 Handles franchise, check out the franchise cost and profit including the investment information, fees, and requirements.
How much does a 16 handle franchise cost?
How much does 16 Handles franchise cost? 16 Handles has a franchise fee of up to $30,000 with a total initial investment range of $274,500 to $735,000. Initial Investment: $274,500 - $735,000.
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How much does a 16 Handles 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.
Are there any 16 Handles franchise opportunities near me?
Based on 2018 FDD data, 16 Handles has franchise locations in 4 states. The largest region is the Northeast with 30 franchise locations.
What is 16 handles?
At 16 Handles, our mission is to create moments of happiness by sharing the world’s best-tasting desserts and snacks, centered around quality, self expression, and fun. These values have helped make us NYC’s #1 soft-serve brand, from frozen yogurt to ice cream and beyond. Our passion and innovation is matched by our franchise partners, who’ve helped bring the happiness of 16 Handles to their local communities across the East Coast. Now’s your chance to start the celebration in a location near you: submit your information below and take the first step.
Is 16 handles a franchise?
16 Handles stores average among the highest average unit sales volumes in the frozen yogurt industry. Having experienced strong sales, profits, and ongoing support with their first location, many of our now multi-unit franchise partners have gone on to open additional shops as part of our 16 Handles family. We focus on ensuring the success of our franchise partners with forward-looking innovation, on-trend marketing, and consistent support.
What is Handel's ice cream?
A Handel’s Ice Cream Franchise involves the establishment and operation of a retail ice cream parlor.
Is Handel's Ice Cream made fresh daily?
Handel’s has been in the business of making and selling homemade ice cream since 1945, a concept laden with tradition and success. Our ice cream is made fresh daily on premises at each location.
The 16 Handles Brand is in High Demand
We've blazed the trail, optimized the operations and connected with the customer. With an award-winning designer, we've created a one of a kind in- store experience. The 16 Handles brand is cross-generational with a focus on the creative expression of dessert: your way.
Success is a Group Effort
There is strength in numbers. As a 16 Handles franchisee, you gain the buying power that comes along with our network of operators and stores. We provide the training, support and the impact of the 16 Handles brand. We assist you in site selection, build out, supply distribution and grand opening support.
Become a Member of the Family Business
A 16 Handles franchisee is a partner of the brand. We depend on you to be the ambassador of 16 Handles in your community and to do the right thing regarding business practices. Our goal is to have the most successful operations in our industry — not simply the most units.
Related
16 Handles is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $300,000 .
