How much does a Menchie's franchise cost?
- Initial Franchise Fee: $40,000
- Total Investment: $225,330 to $407,934
- Working Capital: $6,000 to $36,000
- Royalty Fee: 6.0%
Full Answer
How much does it cost to open Menchie's yogurt franchise?
A high-growth, high-margin segment (frozen yogurt) of a stable industry (frozen desserts) A typical Menchie's franchisee invests approximately $330,000 - $375,000, including working capital, to open their Menchie's yogurt franchise.
Why choose Menchie’s frozen desserts?
Frozen desserts are an affordable luxury, and Menchie’s, with its devotion to serving smiles and creating a positive guest experience, is an industry leader. We are the largest self-serve yogurt franchise in the world, and we continue to grow.
Who is Menchie’s?
Menchie’s started out as a single store in Southern California and has evolved into a global presence that is synonymous with good times. Children are drawn to our swirly, froyo-hatted mascot Menchie and his Sweet Friends, and families are attracted to the laid-back, relaxing and welcoming atmosphere.
How much money do you need to start a franchise?
To be approved for a Small Business Administration (SBA) loan, the typical franchisee needs $120,000 in liquid assets and approximately $500,000 net worth. In addition, the franchisee should plan for additional living expenses or possess other sources of income.
See more
How much does a menchie's franchise owner make?
Average revenue for a Menchie's franchise shop is nearly $470,000. Profits could hit $200,000, and even top that amount if sales go well, Mr. Manning said.
How much does it cost to buy a menchies?
$300,000 to $350,000The startup cost for a Menchie's Frozen Yogurt shop ranges from $300,000 to $350,000. Qualified franchisees will have good credit and approximately $80,000-$90,000 in liquid assets and possess a net worth of approximately $350,000 in order to qualify for a Small Business Administration (SBA) commercial loan.
Is menchies a franchise?
Menchie's is a self-serve frozen yogurt franchise that serves a delicious frozen dessert, but more importantly, we serve up smiles. The success of our business model is evidenced by our tremendous growth around the world and our numerous franchise industry awards.
Who owns menchie's?
The Menchie's Story Co-Founder Danna Caldwell often refers to Menchie's as “a love story.” She and her husband, Adam Caldwell, went on their first date to a frozen yogurt place where you could add your own toppings.
How much does it cost for a Baskin Robbins franchise?
Baskin-Robbins Franchise / Initial Investment / Baskin-Robbins Franchise Income. 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.
How much is an Orange Leaf franchise?
Orange Leaf offers one of the most competitive cost structures in the industry with a $25,000 franchise fee and 5% ongoing royalties. With both storefront and non-traditional models available, the average start-up cost for an Orange Leaf franchise is between $189,900 - $417,300.
How much is a Tutti Frutti franchise?
At Tutti Frutti Frozen Yogurt our franchise fee is $25,000. What are the royalty fees? At Tutti Frutti Frozen Yogurt our royalty fees consists of 5% of gross revenue which is calculated on a monthly basis.
How much is a Pinkberry franchise?
The initial franchise fee for Pinkberry is $45,000 per location. A 6% royalty fee on gross sales is paid to the company, as well as a marketing fee of 2% of gross sales. Pinkberry estimates monthly sales potential of $250,000 per Pinkberry franchise store.
How many stores does Menchie's have?
Menchie's Frozen YogurtIndustryChain restaurant/FranchiseFoundedMay 15, 2007 San Fernando Valley, CaliforniaFoundersDanna Caldwell Adam CaldwellHeadquartersEncino, California , United StatesNumber of locations5405 more rows
Who is the CEO of Menchie's?
Amit Y. Kleinberger (2008–)Menchie's Frozen Yogurt / CEO
Where does Menchie's get their yogurt from?
The frozen yogurt franchise gets its milk from a California dairy where the cows have nutritionist, room to graze. The secret to excellent frozen yogurt is the milk, which is why Menchie's milk comes from only one source: the family-owned, quality-controlled California dairy where our “smiley cows” live.
Why is frozen yogurt not popular?
Frozen yogurt has also been falling out of favor thanks to non-dairy alternatives steamrolling the market. While some chains have adapted to serve dairy-free or fruit-based alternatives, it's getting harder to market something with the word “yogurt” in it when we just experienced the “year of the oat.”
How much is a Pinkberry franchise?
The initial franchise fee for Pinkberry is $45,000 per location. A 6% royalty fee on gross sales is paid to the company, as well as a marketing fee of 2% of gross sales. Pinkberry estimates monthly sales potential of $250,000 per Pinkberry franchise store.
Is yogurtland the same as menchies?
The franchise models for Menchie's and Yogurtland are very similar. Both serve an equal number of highly varied frozen yogurt flavors with a “weigh and pay” format, in lively, fun environments.
How big is a menchies Cup?
Each topping is packed in 2 ounce size sealed cups.
Does menchies weigh the cup?
Menchies prices work the same way as several other frozen yogurt shops. The way the process works is this: a customer pours any flavors of frozen yogurt he or she desires into their cup and then it is weighed in at the end. The product is priced per ounce of weight. Below are the latest Menchies menu prices.
When did Menchie's start?
Menchie's was created 14 years ago in 2008. Menchie's started offering franchises in 2008.
Who controls the Menchie's?
Since 2008, Amit Klein Berger, 33, has been the CEO of Menchie's Frozen Yogurt.
Why is Menchie's called that?
Menchie's was named for this passion. In their relationship, Adam gave Danna the term "mensch" early on, which means "a person of integrity and hon...
Where is Menchie's located?
Menchie's started out as a single store in Southern California and has evolved into a global presence that is synonymous with good times. Children are drawn to our swirly, froyo-hatted mascot Menchie and his Sweet Friends, and families are attracted to the laid-back, relaxing and welcoming atmosphere.
Is Menchie's yogurt a national brand?
As an emerging leader in the frozen dessert industry, Menchie’s continues to be noted for its many accomplishments through local and national media. Menchie’s buzz is spreading far and wide, and the frozen yogurt franchise has received numerous awards in the country’s top media publications. Awards that Menchie’s yogurt franchise has won recently include:
Is Menchie's frozen yogurt a franchise?
households regularly consume frozen desserts. Why? Frozen desserts are an affordable luxury, and Menchie's, with its devotion to serving smiles and creating a positive guest experience, is an industry leader. We are the largest self-serve yogurt franchise in the world, and we continue to grow. Please click the research button below to learn more about our company and how you can become a Menchie's franchisee. We've been opening up stores across the country and around the world. We support our franchisees and provide them with the tools they need to be successful.
How long does it take to train a franchisee for Menchie's?
The franchisor will provide eight days of training (although the specific number of days depends on the franchisor’s assessment (in its sole discretion) of the franchisee’s experience and needs) at its training facility in Los Angeles, California, or another location it designates. Franchisees must attend and complete the entire prescribed length of the training program. Fourteen days after obtaining approval to open the store, the franchisor will, at its cost, send one of its representatives to the store for three days to educate, train, conduct a final inspection and assist with the store opening. Franchisees (or their operating partner) and/or other previously trained and experienced employees must attend and satisfactorily complete various training courses the franchisor periodically provides. In addition to attending these courses, franchisees must attend an annual meeting of all franchisees at a location the franchisor designates. The franchisor may require store managers to satisfactorily complete initial and ongoing training programs.
How long is the franchise agreement?
Term of Agreement and Renewal: The length of the initial franchise term is 10 years. Renewal is for three additional term (s) of 10 years each, if requirements are met.
Can a franchisee modify the designated territory?
During the term of the Franchise Agreement and provided franchisees are in compliance with the terms and conditions of their Franchise Agreement, the franchisor will not : ( i) modify the designated territory; or ii) establish a company-owned or franchised Menchie’s store inside the designated territory.
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 attend a convention?
Franchisees must attend any annual meeting, convention or conference of franchisees and all meetings related to new products or product preparation procedures, new operational procedures or programs, training, management, sales or sales promotion or similar topics that the franchisor offers, at their own expense.
How much does it cost to franchise Menchie's?
Menchie’s has the basics that pretty much every company will require when franchising a business through them. Their initial franchise fee is $40,000 with a total investment of anywhere from $225,330 to $407,934. But you can receive a discount on purchasing more than one location.
Why is training important for franchising?
Training is extremely important when it comes to franchising a business. You need to be aware of how things are run and how the company works. With the proper training, you have a better chance at being victorious in your new franchise business.
Is franchising a business fun?
However, franchising a business isn’t all fun and games. Even though there are tons of opportunities for you to enjoy yourself with your new business. But it will have to be taken seriously. If you want to succeed with your new franchise business, then it’s important to follow a few of the main rules when making a decision this big.
Is Menchie's the fastest growing franchise?
In fact, by 2010, Menchie’s was known to be the #1 franchise for fastest growing and still holds the title for being the largest franchise for self-serve frozen yogurt across the world. If that doesn’t tell you just how incredible this franchise is, then I don’t know what will.
Is Menchie's turnover too high?
And their turnover rate isn’t too high either. Between the years 2010 and 2016, Menchie’s franchise had a turnover rate of 7.42. When looking at this rate for a company, you want to be sure that it isn’t too high. A high turnover rate could potentially indicate the poor health of a company.
Is Menchie's franchise good?
Menchie’s has proven to be an amazing opportunity; just take a look at how fast the franchise has expanded in just a short amount of years.
Can franchises drive you into debt?
But you also have to be sure that this (or any) franchise opportunity won’t drive you into debt before you even have your grand opening. Every business is different. And not every opportunity will match everyone’s personality. But the end result and your success will ultimately depend on you and your passion for the business.
What is Menchie's Payable?
Payable to Menchie’s, to reimburse it for fees incurred by it in obtaining injunctive or legal relief for the enforcement or defense of any item of the Franchise Agreement or for costs incurred for arbitration proceedings.
When will Menchie's interest be paid?
You will pay Menchie’s interest on any overdue amounts beginning with the date payment is due until you pay the overage.
How much does it cost to franchise a store?
The Initial Franchise Fee for a single Store franchise is $40,000, which will be paid in full at the time you sign the Franchise Agreement. The Initial Franchise Fee is earned upon receipt and except as noted below is nonrefundable.
Do you have to pay Menchie's late fee?
You also will be required to pay Menchie’s a late fee on any overdue amount beginning with the date payment is due until you pay the overage.
Is Menchie's a nonrefundable fee?
You will pay Menchie’s a nonrefundable fee if you ask for special assistance or Menchie’s determines that additional training is warranted after your initial training period.
