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.
How much would it cost to open a Baskin-Robbins?
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.
How much money can you make owning a Baskin-Robbins?
How much money can you make with a Baskin Robbins? For single brand restaurants Gross earnings vary ranging from a high of $628,470 for top 25% to $252,631 for their bottom 25% stores.
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).
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 franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
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.
What is the franchise fee for Dunkin Donuts?
Dunkin' Donuts Franchise Cost / Initial Investment / Dunkin' Donuts. The total liquid capital required to open a Dunkin' Donuts franchise is $125,000 and Dunkin' Donuts franchise fees are $40,000 to $90,000. The minimum net worth of a Dunkin' Donuts franchise is $250K.
What is the cost of a Subway franchise?
How much is the franchisee fee? The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
How much does it cost to get KFC franchise?
To start a KFC franchise in India, you may require an investment of 1 to 2 crores with a 1,000 – 1,500 Square feet commercial space that meets their guidelines. And there will be a 4-5% royal commission on the actual sales.
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.
Our exceptional Franchisees are the sprinkles to our ice cream. Our ideal candidiate will have
Leadership skills to drive operational excellence and guest satisfaction
Purchase an Existing Shop
Buying an existing shop can offer established sales, staff, systems and community presence.
What is the availability in my area of interest?
Please proceed to the application form to determine if your area of interest is available for new shop development. Please proceed to our Existing Shops for Sale page if you are interested in purchasing an existing shop for sale.
Where can I obtain the Franchise Disclosure Document?
If you meet our preliminary minimum franchisee requirements, the Franchise Disclosure Document will be provided once you submit an online application.
Where do I receive my training?
There is a 3 week training program in Braintree, MA at Dunkin Brands University. Training to include live in-store technical training, instructor-led classroom training, online learning management system, mentoring and skill building.
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 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.
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 name of the ice cream chain that has 31 flavors?
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. The famous "31 flavors" slogan came from the idea of being able to have a different flavor on every day of the month. Baskin-Robbins is a part of the Dunkin' corporate umbrella and has many shared locations co-branded with Dunkin' (previously known as Dunkin' Donuts).
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.
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.
What is the 31 flavors?
The famous "31 flavors" slogan came from the idea of being able to have a different flavor on every day of the month. Baskin-Robbins is a part of the Dunkin' corporate umbrella and has many shared locations co-branded with Dunkin' (previously known as Dunkin' Donuts). Start your business!
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.
Who is the parent company of Baskin Robbins?
Inspire Brands is the ultimate parent company. Baskin-Robbins franchised restaurants sell Baskin-Robbins ice cream, related frozen products as well as other food items and products compatible with its concept.
How long is Baskin Robbins training?
Training Overview: The Baskin-Robbins Brand Training program takes a total of 10 days to complete the classroom/instructional phase when taught in person at Dunkin’ Brands University (DBU) in Braintree, MA. This does not include online training, additional in-restaurant practice or travel time. The franchisor also requires a total of five days of restaurant operations training in a designated training restaurant. This program consists of instructor demonstrations on how to produce, merchandise, serve and package products sold in a restaurant, followed by student practice. ( Due to Covid, it is currently a virtual program that takes 21 days. During these 21 days, you will be required to travel to a host franchise training restaurant to practice product execution and additional items taught by trainers during the virtual training time. This can be changed at the franchisor’s discretion.) Some required classes are only offered on the Internet and are referred to as online training. These classes will require approximately 16 hours to complete. This is in addition to the brand training. For their first Restaurant, the franchisor may require franchisees to participate for two days in the opening of another restaurant. Franchisees must attend and require their employees to attend further training as the franchisor may require. This training may require travel to the franchisor’s training facility.
What is franchising financial assistance?
Financial Assistance: The franchisor facilitates certain lending arrangements through third party lenders, which may provide financing for qualified franchisees. The amount of financing and period of repayment varies by program, circumstances, and creditworthiness of the applicant.
What is a territory granted franchise?
Territory Granted: Franchisees will be granted the right to operate one restaurant at a specific location that is specified in the Franchise Agreement or its exhibits, and only at that location. Franchisees will not be granted any additional rights, any minimum territory, or other protected rights.
Does Franchise Direct sell your information?
Franchise Direct's reputation for integrity in the franchise industry has been established over our 20+ years in business. We NEVER sell your information or share it with anyone other than the companies from which you have requested information. Please view our privacy policy.
Do franchisees have to work every day?
Depending on the sales volume of the restaurant, franchisees should expect to work a full shift in the restaurant every day. If sales and profits are high, franchisees may not be required to do this, but they should not enter into the business unless they are willing and able to meet this requirement.
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.
Baskin Robbins Franchise Cost
Baskin Robbins Franchise cost 16-20 Lakh Rupees as Initial Investment according to the type of business model. The Franchise Fee is 4 lakh Rupees+GST. The best part is that no Royalty will be charged in india.
Baskin Robbins Franchise Profit
We will analyze Baskin Robbins Franchise Profit with the help of an example. We are assuming that the monthly Sales are 2,40,000 Rupees i.e. 8,000 Rupees daily.
Baskin Robbins Franchise Review
For me, Ice cream means Baskin Robbins. This is the kind of product and brand this franchise has. Everyone should try their Ice Cream once in a lifetime even if you don’t have enough money in your pocket.
How to Start Baskin Robbins Franchise?
To start the Baskin Robbins Franchise, You have to fill out the application form on Baskin Robbins official page- http://www.baskinrobbinsindia.com/contactus
