Detailed Information on TCBY’s Initial Franchise Fee, Royalty Fee + 15 Other Fees (Items 5 and 6, 2021 FDD)
- 1. Initial Franchise Fee: $35,000 ...
- 2. Royalty: 6% of Gross Revenue ...
- 3. Marketing Fee: 3% of Gross Revenue ...
- 4. Training Fee: none currently, but may be charged in the future ...
- 5. Refresher/Additional Training: then-current fees; currently estimated at $500 per day per person, plus travel expenses ...
Full Answer
When did TCBY start franchising?
TCBY started franchising only one short year after it opened in 1981. In 2000, TCBY and Mrs. Fields joined forces to become Mrs. Fields Famous Brands. Using the Franchise Support Center and Mrs. Fields Famous Brands University, franchisees have a central point for corporate contact.
How many TCBY stores are there?
TCBY continues as the brand leader in the $8 billion frozen yogurt industry with an impressive brand awareness that’s over 75 percent. Here are a few other tasty facts: There are more than 250 TCBY stores operating globally.
What skills do you need to be a TCBY franchisee?
Franchisee Requirements. Here are some of the requirements that all franchisees must meet: Passionate about the TCBY & Mrs. Fields brand and product. Desire to operate a customer-focused and fun business where people come for a delicious treat. Detail oriented with respect for standards. Strong people and leadership skills.
What are some interesting facts about TCBY?
Here are a few other tasty facts: There are more than 250 TCBY stores operating globally. TCBY offers the most extensive product line in the frozen treats category and includes soft-serve and hand-scooped frozen yogurt and sorbets, blended beverages, as well as froyo pies and cakes. TCBY invests heavily in franchisee training and support systems.
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How do I open a TCBY?
To buy a franchise with TCBY, you'll need to have at least $100,000 in liquid capital and a minimum net worth of $250,000. Franchisees can expect to make a total investment of $134,000 - $640,000.
How much does it cost to franchise a Froyo?
The exact costs to open a frozen yogurt franchise vary widely, but the average franchise fee is between $30,000 and $40,000.
Why did TCBY go out of business?
Fields Famous Brands – the parent company of cookie chain Mrs. Fields and frozen yogurt chain TCBY – filed for bankruptcy. Mall traffic was declining. The frozen yogurt market was overrun with new competitors.
How much does it cost to open a Yogurtland?
The franchise fee to join the Yogurtland team is $35,000. A total investment of $300,000-$700,000 is required to open a Yogurtland franchise.
Are frozen yogurt shops profitable?
Is a Frozen Yogurt Business Profitable? The profitability of the frozen dessert business remains strong… Mainly because the core product cost is low. Whether you decide to go the self-serve route and charge by weight or simply have a flat rate, you'll can make a substantial profit.
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.
Is TCBY healthier than ice cream?
Here's the scoop. TCBY hand scooped frozen yogurt gives you all the benefits of yogurt with less fat and calories than ice cream.
Why did TCBY change their name?
Prior to 1984, the company's name was "This Can't Be Yogurt," but a lawsuit from a competitor, I Can't Believe It's Yogurt!, forced TCBY to create a new name from its initials, eventually using "The Country's Best Yogurt".
Is TCBY yogurt good for you?
Compared to other brands, TCBY boasted a higher amount of vitamin A, vitamin D, and calcium. At only 92 calories per ½-cup, and zero fat, TCBY is an excellent choice for a cool, sweet treat. Learn more about what probiotics are and why they're so good for you.
How much does a Yogurtland make a year?
Average Sales / Revenue per Year Yogurtland has a revenue of $66.9 million per year.
Who owns Yogurtland?
owner Phillip ChangWhen Yogurtland opened its doors, in 2006, in Fullerton, CA, owner Phillip Chang had one goal in mind: provide a self-serve frozen yogurt experience that gives customers the highest quality ingredients and flavors to fill their cups.
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 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 yogurt business lucrative?
If you setup your yoghurt shop within these places, you are guaranteed of good sales. Apart from being a lucrative business, yoghurt is a delicious drink that has lots of health benefits. It helps you reduce weight, good for the skin, it is loaded with vitamins and can also help you reduce stress after a days job.
How much do menchies owners 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 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.
When was TCBY founded?
TCBY was founded in 1981 in Broomfield, Colorado. It started franchising a year after, and due to its award-winning Fro-Yo innovations, it managed to accumulate over 400 units. As a franchisee, TCBY Systems, LLC will approve the establishment serving the following:
How long does it take to become a franchisee?
Franchisees must attend a week-long virtual training and the initial training program for two weeks at the franchisor’s office.
What is The Mr. Appliance Franchise Cost?
For your home and office appliance needs and repairs, there’s only one name you can trust if you’re in the United States or Canada. Mr. Appliance is a reliable company with decades of experience. The company has been offering franchising opportunities since 1996. So, if you want a money-making venture, learn more about Mr. Appliance’s franchise terms and costs.
What training does a franchisor need?
The franchisor requires franchisees to attend both initial and advanced training programs, covering the details of the business operations.
How many hours of training is required for a franchise?
Franchisees are required to undergo the training with a store manager, or at least with another owner. Approximately, the training hours required is 30 hours and will be conducted in an operating store. It’s essential to take note that the franchisor has the sole discretion to require any additional training, conventions, and regional meetings.
What is the exclusive territory for Once Upon a Child?
The Exclusive Territory should cover a population of at least 75,000 to 100,000 in metropolitan areas, while it’s 50,000 for other locations. With all of these in mind, the franchisor will not approve another franchise to operate within the Exclusive Territory.
Can a franchise sell Abrakadoodle?
Franchisees must only sell products and services authorized by the franchisor. Franchisees must not sell products or services that deviate from the Abrakadoodle system.
How much does a TCBY 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.
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
Are there any TCBY franchise opportunities near me?
Based on 2020 FDD data, TCBY has franchise locations in 40 states. The largest region is the South with 125 franchise locations.
What is a master franchise?
A Master Franchise is an agreement whereby the Franchisee is licensed to operate retail stores within a designated territory for which they have exclusive rights.
Is there a limit on the number of stores in a territory?
No, the only limitation on stores is the total number of potential locations available in the territory itself. The Agreement sets no upper limit.
Who owns TCBY franchise?
Franchise Description: The franchisor is TCBY Systems, LLC, which is a wholly-owned subsidiary of Mrs. Fields Famous Brands, LLC. TCBY franchisees offer products approved or required by the franchisor or its affiliates from time to time, including premium soft serve frozen yogurt, hand-dipped frozen yogurt and other frozen and non-frozen dessert and treat items, such as cakes and pies, sorbet, smoothies, fresh yogurt, mix-ins, toppings, chocolate, dried fruit, nuts, candies, popcorns and drinks. The franchisor offers franchises to own and operate TCBY-branded retail outlets in two different formats: a store and a kiosk.
How long does a franchise last?
Term of Agreement and Renewal: The length of the initial franchise term is 10 years from the date the Franchise Agreement is fully executed. Franchisees may renew for one additional 10-year term, subject to conditions.
What are the obligations of a franchisee?
Obligations and Restrictions: The franchisor recommends that franchisees participate personally in the direct operation of their store, although the Franchise Agreement does not specifically obligate them to do so. However, franchisees must either manage the store themselves, or use a full time “on premises” manager. The manager need not have an equity interest in the franchisee entity to act as manager. Both the franchisee (or one of the entity owners, if franchisees are an entity) and the manager of the store must be certified by the franchisor as having completed all phases of the training program to its satisfaction and must participate in all other activities required to open the store. If franchisees are an entity, each entity owner must guarantee the obligations under the Franchise Agreement . The entity owner’s spouse, who has no ownership interest in the business, is also required to acknowledge the guaranty, which will place an entity owner’s and his or her spouse’s marital assets at risk. In operating the store or machine, franchisees must use and offer for sale all of, and only, the approved products and any other products or services that the franchisor mandates or approves from time to time for them to sell at the premises.
How long does franchising training take?
The training course will include classroom, in-store/on-the-job, computer based training and self-study. Approximately 30 hours will be conducted in an operating store. The franchisor may require franchisees and/or their previously trained and experienced representatives to attend periodic refresher training programs and training programs or courses regarding specific products or processes. Franchisees or at least one of their entity owners (if franchisees are an Entity) and, when the franchisor requests, the manager of the store (and/or an approved trainer if the franchisee are a multi-unit franchisee) must attend all national conventions and regional meetings that the franchisor designates as mandatory.
What does a franchisee have to sell?
In operating the store or machine, franchisees must use and offer for sale all of, and only, the approved products and any other products or services that the franchisor mandates or approves from time to time for them to sell at the premises.
Who must attend all national conventions and regional meetings that the franchisor designates as mandatory?
Franchisees or at least one of their entity owners (if franchisees are an Entity) and, when the franchisor requests, the manager of the store (and/or an approved trainer if the franchisee are a multi-unit franchisee) must attend all national conventions and regional meetings that the franchisor designates as mandatory.
Do franchisees have to guarantee their assets?
If franchisees are an entity, each entity owner must guarantee the obligations under the Franchise Agreement. The entity owner’s spouse, who has no ownership interest in the business, is also required to acknowledge the guaranty, which will place an entity owner’s and his or her spouse’s marital assets at risk.
The Country's Best Yogurt
Our name stands for The Country’s Best Yogurt. That sentiment was true back when we started in 1981, and it’s still true nearly 40 years later. TCBY continues as the frozen yogurt category leader in the $8 billion “FroYo” industry, with an impressive brand awareness that’s over 90%.
Testimonials - Why Us?
"I grew up loving the product and the brand. When the one near my house closed, I remember being very upset and realizing that others in the community were equally upset.
