How Much It Cost to Open a Dairy Queen Franchise
- Initial franchise Fee – $35,000
- ALTA Survey – $5,000
- Initial Training Fees and Costs – $1,125 to $11,625
- Travel And Living Expenses for Training Programs – $23,000 to $38,500
- Building Construction and Leasehold Improvements – $550,000 to $900,000
- Construction Consultation Services – $7,500
- Building Plans, Design Intent Plans and Architectural Seal – $15,000 to $45,000
| Franchise Fee: | $45,000 |
|---|---|
| Royalty Fee: | 4% |
| Marketing Fee: | 5 – 6% |
| Term: | 20 years |
| Investment Range: | $1,461,200 - $2,426,990 |
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 it cost to open a Dairy Queen franchise?
How Much It Cost to Open a Dairy Queen Franchise
- Initial franchise Fee - $35,000
- ALTA Survey - $5,000
- Initial Training Fees and Costs - $1,125 to $11,625
- Travel And Living Expenses for Training Programs - $23,000 to $38,500
- Building Construction and Leasehold Improvements - $550,000 to $900,000
- Construction Consultation Services - $7,500
How much Dairy Queen franchise owners make per year?
This means a typical Dairy Queen franchise owner and actually expect to make a very reasonable salary of between $60,000 and $70,000 every year. Is This Worth It?
How much does a new franchise cost?
When you google the cost of a franchise, oftentimes what pops up is simply the franchise fee, which can range anywhere from $1,000 to $80,000 or more. However, that’s just the fee to be a part of the franchise system. The total cost of a franchise, and therefore what you’ll need to invest, includes many other expenses.
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How Much It Cost to Open a Dairy Queen Franchise
The franchise fee for a Dairy Queen restaurant is between $25,000 and $35,000. The total estimated investment ranges from $382,000 to $1.8 million, with liquid cash available of $400,000. A 4-5% royalty fee on gross monthly receipts is paid to the company. The fees are broken down as follows;
Steps on How to Open a Dairy Queen Franchise
If you want to purchase a Dairy Queen franchise, you have to first identify the concept in which you are interested. The choices are DQ Grill & Chill, or the DQ Orange Julius Treat Center. Choose your location area and then submit a request.
How Much Does a Dairy Queen Franchise Owner Make?
At this time, Dairy Queen franchisees are required to pay an initial franchise fee of $25,000. Then you also must pay 5% royalties on any gross monthly receipts; basically, you pay 5% of what you make every month. Fortunately, this is below the franchisee industry average of around 5.4%.
How much does it cost to become a dairy queen?
The above costs are just minimums; it’ll ultimately cost you between $890,000 and $1,200,000 if you want a standard 2048 ft.² building with enough room for 48 customers. You can pay even more, between $1,080,000 and $1,400,000 for a 2709 square-foot building with enough space for 78 customers. These values and prices change relatively frequently with the rest of the market, so you have to visit Dairy Queen’s site to see available locations and building options.
What is a “Franchise”?
A franchise is a kind of a marketing strategy and concept that allows the parent company (often called a franchisor) to license its properties and experience to another person. That person (called the franchisee) then uses those products and the production methods to sell branded products in conjunction with a greater chain.
How many Dairy Queen stores were there in 1941?
In other words, franchising is huge with this company! Dairy Queen was actually one of the first big brands to experiment with franchising. They had only 10 locations in 1941 and grew rapidly to 100 locations by 1947.
Why do big brands end up franchising their methods and products?
Big brands end up franchising their methods and products because it allows them to spread more rapidly and shares the capital risk with other investors. Using the McDonald’s example again, McDonald’s was able to spread so fast because independent investors who could afford a single restaurant started sprouting McDonald’s joints all across the United States. They didn’t have to rely on a single shared pool of income from the initial investors.
Is Dairy Queen a subsidiary of Berkshire Hathaway?
But the spread didn’t stop there. 1998 saw Dairy Queen become a subsidiary of a parent company called Berkshire Hathaway, Inc. Now Dairy Queen also owns over 300 other stores from the Orange Julius and Karmelkorn Shoppes brands.
Is it smart to own a dairy queen?
All in all, becoming a Dairy Queen franchise owner might be a smart way to earn a great salary over time. But looked at another way, you are in about the same amount of money as a franchise owner from a single store as you would from a typical job that requires a college degree.
Who owns Dairy Queen?
Dairy Queen, often abbreviated DQ, is a chain of soft serve ice cream and fast-food restaurants owned by International Dairy Queen, Inc., a subsidiary of Berkshire Hathaway Inc. International Dairy Queen, Inc ., also owns Orange Julius and Karmelkorn. The company's corporate offices are located in the Minneapolis suburb of Edina, Minnesota.
Where is Dairy Queen located?
The company's corporate offices are located in the Minneapolis suburb of Edina, Minnesota. As of the end of 2014, Dairy Queen had more than 6,400 stores in 27 countries, including more than 1,400 locations outside the United States and Canada.
Is Dairy Queen a Franchise or Chain?
Dairy Queen is a franchise of fast-food restaurants that specializes in ice cream and other frozen desserts. Although the menu does vary somewhat from region to region, all Dairy Queen restaurants offer the same core selection of ice cream shop treats. So wherever you are, you can always enjoy your favorite Blizzard or cone at Dairy Queen.
How Many Dairy Queen Franchises Are There?
Dairy Queen is one of the most popular fast-food chains in the United States and has over 7,000 locations. There are also many international Dairy Queen locations throughout the world.
How Much Does It Cost to Start a Dairy Queen Franchise?
Starting a Dairy Queen franchise can be a fairly expensive proposition. The cost of franchise ownership varies depending on the location and type. The initial investment of $1,101,135 – $1,856,655 for a Grill & Chill and $363,075 – $1,215,600 for a DQ Treats location includes the franchise fee.
How Much Does a Dairy Queen Franchise Owner Make?
For many people, owning a Dairy Queen franchise is the stuff of dreams. But what does it take to make that dream a reality? And more importantly, how much does a Dairy Queen franchise owner make?
Ending Summary
Dairy Queen is a beloved American franchise, known for its delicious soft-serve ice cream and iconic Blizzard treats. The company continues to expand its reach, with plans to open several hundred new franchises in the coming years. So if you’re ever in the mood for some delicious ice cream, keep an eye out for the nearest Dairy Queen!
Background
Ice cream is a billion dollar business that is responsible for countless jobs. The average American consumers 23 pounds of ice cream and other frozen desserts annually. As you can see, it is an in-demand business that is worth investing in. One of the biggest ice cream franchises in the world is Dairy Queen.
Support and Training Offered By Dairy Queen
In terms of support and training, franchisees can expect 142 hours of on-the-job training, as well as 32 hours of classroom training related to brand operations.
What Does a DQ Grill & Chill Franchise Cost?
To buy a franchise with DQ Grill & Chill, you'll need to have at least $400,000 in liquid capital. They also offer a discount for veterans. *
DQ Grill & Chill is currently accepting inquiries from the following states
Alaska, Alabama, Arkansas, Arizona, California, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, New Hampshire, New York, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont, West Virginia
