Full Answer
How much does Baskin Robins cost to franchise?
The initial franchise fee for opening a Baskin-Robbins is $25,000 per location. It is good for a 20-year term. The current net worth requirement to open a Baskin-Robbins franchise is $200,000.
How much does Baskin Robbins pay per hour?
The average Baskin Robbins hourly pay ranges from approximately $10 per hour for a Team Member to $15 per hour for a Student. Baskin Robbins employees rate the overall compensation and benefits package 2.9/5 stars. Are Baskin Robbins employees satisfied with their compensation?
How much does it cost to buy into a franchise?
• Franchise Fee: This amount can vary, depending on the franchise, but the average amount is typically $20,000 or $50,000, according to the Small Business Administration. This is paid when you first purchase your franchise.
How much does ice cream cost at Baskin Robbins?
When you arrive, expect to pay from $2 to $5 for a cup, cone or soft serve; a sundae will cost about $5. Baskin & Robbin’s have consistently ranked as one of the leading ice cream chains in the world. They have dedicated their lives to providing delicious products, personable service, and putting smiles on their customers’ faces.
How many Baskin Robbins stores are there in India?
How much can a franchise owner make in 10 years?
How much does a BR kiosk cost?
Why did many franchises close down?
Why do franchises close?
What do businesses look for when saving money?
Can SIDBI collateral be used for franchise fee?
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About this website
Is owning a Baskin-Robbins franchise profitable?
Baskin-Robbins is a profitable business for the franchisor with income that surpasses the half million dollars in every fiscal year.
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
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.
What is the cost of 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.
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.
Do franchise owners make money?
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.
Which ice cream franchise is best?
Here are the top 10 best Ice Cream franchises in IndiaNatural Ice Cream. Founded in: 1984. ... Gelato Vinto. Founded in: 2005. ... Michaels Icecream Burger. Founded in: 2017. ... Gargi's Milkshakes. Founded in: 2011. ... Raw Creams. Founded in: 2015. ... Grandpa's ice cream - Fresh & Natural. Founded in: 2019. ... Stickhouse Pvt. Ltd. ... Iceberg Icecreams.More items...
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
What is the largest ice cream franchise?
Baskin RobbinsBaskin Robbins is The world's largest chain of ice cream shops with more than 6,700 locations in nearly 50 countries. Baskin-Robbins, one of the biggest franchises in the world's Ice Cream, a specialist in the Premium Ice Cream with a variety of flavors.
What is the royalty fee for Baskin-Robbins?
Ongoing fees As with most franchises, Baskin-Robbins will require you to pay an ongoing franchise royalty fee, which is a percentage of your store's sales. The fee is 5.9% of gross sales, which you'll pay out to your corporate partner at predetermined time increments (generally monthly or quarterly).
How much does it cost to open a Haagen Dazs?
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 is the cost of a Starbucks franchise?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
How much do you make owning a UPS store?
How much does a UPS Store franchise owner make? The UPS Store Owner's average profit per year is approximately $100,000. It takes "about $365,000 in annual gross sales" to produce a modest "$35,000/yr income for the owner" and "about 60% of all US stores do not break even."
How much does an Anytime Fitness franchise owner make?
How much do Anytime Fitness Franchises Make? The average revenue across the 1,103 Anytime Fitness centers that implemented the Training Suite for the year ending December 31, 2021, is below. The average Anytime Fitness reported $384,958 in annual revenue.
How much money does a Culver's franchise make?
How Much Profit Does A Franchisee of Culver's Franchise Make Per Year? People's best choice at Culver's. According to the Franchise Disclosure Document (FDD) states you can expect a 13% profit margin or $429,000 per location based on per unit revenue.
How much do IHOP franchise owners make?
The salary for Business Owner at IHOP is $30,000 annually.
Do people feel that they are paid fairly for their work at Baskin-Robbins?
Indeed’s Work Happiness survey asked over 958 current and former employees whether they feel they are paid fairly for their work. Of the respondent...
How often do you get pay raises at Baskin-Robbins?
Indeed’s survey asked over 249 current and former employees how often they received pay raises when they worked at Baskin-Robbins. Most respondents...
Do you get paid sick days at Baskin-Robbins?
Indeed’s survey asked over 923 current and former employees how many paid sick days they received for their role. Respondents said they received ....
What kind of flexibility benefits can you get at Baskin-Robbins?
To find out what kind of flexibility benefits Baskin-Robbins offers, Indeed’s Work Happiness survey asked over 159 current and former employees. Re...
Do you get paid time off at Baskin-Robbins?
Indeed’s survey asked over 923 current and former employees how many paid vacation days they received for their role. Respondents said they receive...
How much vacation and PTO did you get at Baskin-Robbins?
We asked over 923 current and former employees how many paid vacation days they received for their role. Respondents said they received no paid vac...
Baskin Robbins Franchise Cost & Opportunities 2022 | Franchise Help
Baskin-Robbins is a globally operating ice cream franchise known for having 31 flavor options at each location. In addition to traditional ice cream, the chain offers ice cream cakes for various occasions.
Baskin-Robbins salaries: How much does Baskin-Robbins pay?
How much does Baskin-Robbins in the United States pay? Salary information comes from 2,986 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
Baskin-Robbins Franchise Review - Average Sales, Cost of Goods Sold ...
The Franchise Chatter blog examines the profit potential of Baskin-Robbins shops, based on Item 19 of the company's 2018 FDD.
Start a Baskin-Robbins Franchise in 2022 - Entrepreneur
A Baskin-Robbins franchise can offer the chance to start your own business and be your own boss in the Food industry. Start your search for the perfect franchise today.
How much money do you need to open a Baskin Robbins franchise?
Ensure you have adequate capitalization. In order to open a Baskin-Robbins franchise, you must have a net worth of more than $93,000. Appreciate the investment required for a franchise. Evaluate your prior experience and strengths.
Where is Baskin Robbins located?
Baskin-Robbins is an American chain of ice cream and cake specialty shop restaurants. Based in Canton, Massachusetts, it was founded in 1945 by Burt Baskin and Irv Robbins in Glendale, California.
How much does Baskin Robbins pay?
The average Baskin-Robbins salary ranges from approximately $15,000 per year for Team Member to $190,086 per year for Senior Director of Marketing.
How much should you be earning?
Tell us about you and get an estimated calculation of how much you should be earning and insight into your career options.
Company Details
The ice cream industry is a multi-billion dollar business and isn't slowing down. America’s ice cream franchises are well-known and beloved worldwide. Ice cream contributes over $13 billion to the U.S. economy and adds 28,800 jobs.
Support and Training Offered By Baskin-Robbins
In terms of support and training, Baskin-Robbins offers franchisees a three week training program that includes Technical Training that is live and in-store, Instructor-Led Classroom Training, Online Learning Management System, and Mentoring and Skill Building.
Franchises Similar to Baskin-Robbins
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
How many sq ft is a Baskin Robbins franchise?
These can be freestanding, end-cap, or in-line configurations. A typical traditional Baskin-Robbins location is 800 to 1,500 sq. ft. with approximately 20 feet of frontage.
When did Baskin Robbins start franchising?
By 1948 , there were six open locations, and in the following year, Baskin-Robbins began franchising. Shortly prior to the passing of Burt Baskin, the franchise chain was acquired by United Brands Company in the late 60's, and later purchased by J. Lyons and Co. in the 70's.
How much does it cost to open a Baskin Robbins ice cream franchise?
The estimated initial investment required to open a Baskin-Robbins ice cream franchise is $94,350 to $402,200, including an initial franchise fee of $25,000. Baskin-Robbins franchise owners must pay a 5.9% royalty on monthly gross sales as well as contribute a 5% advertising fee toward the franchisor's marketing program.
How many Baskin Robbins locations are there?
Baskin-Robbins now has approximately 8,000 locations throughout 50 countries. 100 percent of the locations are franchised.
What is the common theme of Baskin Robbins?
The common theme is that all these locations attract significant foot traffic from Baskin-Robbins' target customer demographic.
Is Baskin Robbins a franchise?
Baskin Robbins is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $150,000 .
How much revenue does Baskin Robbins have in 2021?
Published by S. Lock , Jun 22, 2021. In 2019, American-based quick service restaurant (QSR) chain Baskin-Robbins generated approximately 48.13 million U.S. dollars in revenue in the United States and 112.38 million in its international locations in 2018. This figure has remained relatively stable over the past four years.
Who owns Baskin Robbins?
Keeping up with its sister company. Baskin-Robbins is owned by the Dunkin’ Brands franchise, which is also parent company to popular restaurant chain Dunkin’ (formerly "Dunkin’ Donuts").
What percentage of people ate Baskin Robbins ice cream?
Ice cream consumption in the U.S. In a 2019 survey on ice cream and sherbet consumption in the United States, 21.07 percent of respondents stated that they ate Baskin-Robbins ice cream as of the date of survey. However, the majority of respondents said they consumed store brand ice cream in 2019.
What is required to open a Baskin-Robbins franchise?
Baskin Robbins has a series of requirements if you want to open a franchise. These requirements include having a net worth of at least $200,000 per unit and a $100,000 liquidity and going through the application process.
Is Baskin-Robbins Franchise Profit Worth the Franchise Cost?
After a few years in the business, when you go to sell your franchise based on the median multiple of .44 and net sales average from 2019-2020 of $419,003 a Baskin Robbins franchise would sell for about $184,361. This is 51% less than the midpoint initial investment of $$358,085 which means you would most likely be selling at a loss.
Conclusion
Baskin-Robbins is one of the most popular ice cream franchises in America. Ice cream is also the most popular frozen dairy product in the US, and no matter what, people will always consume it. It is also an industry that lets you adapt to new trends without a significant investment.
How much does Baskin Robbins charge for franchise?
One of the most common fees for owning a franchise is the marketing and advertising fee. Baskin-Robbins will assess a minimum of $5,000 per new location opening (and if you remodel and reopen, a $3,500 fee). Additionally, for advertising, you’ll be required to pay an ongoing fee of 5.0% of gross sales. It’s important to note that you’ll have to follow the franchisor’s guidelines for marketing and advertising implementation as well as its brand guidelines.
How much does it cost to open a Baskin-Robbins franchise?
If you’re considering opening a Baskin-Robbins franchise, cost is obviously going to be a major factor in your decision. As you might expect, franchise fees will vary depending on the type of franchise you’re going to open and the location where you open your store.
Why is the Baskin Robbins franchise fee so high?
Marketing support: Although the fee is high for marketing and advertising, this is partly because some franchisees say that the corporate support for getting the word out there is a strong pro to opening a Baskin-Robbins franchise.
How much is the royalty fee for Baskin Robbins?
As with most franchises, Baskin-Robbins will require you to pay an ongoing franchise royalty fee, which is a percentage of your store’s sales. The fee is 5.9% of gross sales, which you’ll pay out to your corporate partner at predetermined time increments (generally monthly or quarterly).
When did Baskin Robbins open?
The first Baskin-Robbins opened in Glendale, California, in 1945 as a standalone ice cream parlor—naturally, the shop had all 31 of those recognizable flavors. Then, in the 1950s, Baskin-Robbins began offering franchising.
Does Baskin Robbins have turnkey development?
Finally, it’s also worth mentioning that Baskin-Robbins offers “turnkey development opportunities” in select markets. Compared to traditional opportunities, these stores often have a lower cash requirement and real estate, development, and construction managed by Baskin-Robbins.
Is Baskin Robbins a good franchise?
Few desserts are as widely beloved as ice cream. Opening a Baskin-Robbins franchise, therefore, can not only satisfy your inner child, but also can potentially be a great business opportunity if you’re looking to launch and start a successful franchise.
How many Baskin Robbins stores are there in India?
In India, Baskin Robbins is the largest Ice cream retail chain in the country with over 725 + stores.
How much can a franchise owner make in 10 years?
This will depend on if they are taking a salary or not. A single franchise owner of any franchise should expect no more than 15% earnings on current startup costs for the first 10 years. Multiple stores will increase that earning potential by 0.5% to 2% per store depending on franchise, but having more than one store requires more owner outlay of time. Furthermore multiple locations of 4 and above will make adding new locations easier as franchisees will often finance more stores completely using the existing stores as collateral with no or limited cash outlay.
How much does a BR kiosk cost?
A typical BR’s kiosk (150 sqft) will cost you between 10–12 lakh in investment with an average margin of 50% on product sales. The cost of other formats with larger space requirements shall increase your investment size accordingly.
Why did many franchises close down?
How much ?? Depends on the franchise performance. Many franchises outlet close down because of poor performance or not building the franchise in a proper environment .
Why do franchises close?
Many franchises outlet close down because of poor performance or not building the franchise in a proper environment. However, like most profitable franchise brands, it is not necessary that even your franchise of that specific brand would be profitable.
What do businesses look for when saving money?
The first thing most businesses look at when evaluating saving money is their expenses. Expenses mainly come from outside and inside resources. For instance, your sending and receiving capabilities might be severely impacted by the significant increases in sending costs lately. With a 50%
Can SIDBI collateral be used for franchise fee?
The SIDBI Collateral free loan has several conditions to it, for example, the money cant be used to finance the franchise fee or any intangibles.
