Full Answer
How do I become an Auntie Anne’s franchisee?
To be part of the Auntie Anne’s team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should be prepared for ongoing fees that will include advertising, royalty, and potential renewal fees.
What kind of financing does Auntie Anne's offer?
Third Party Financing Auntie Anne's has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll Training & Support Offered
How much does it cost to open Auntie Anne’s soft pretzel franchise?
Auntie Anne’s is a popular franchise chain that specializes in soft pretzels and franchise owners typically need to have a minimum of $100,000 in liquid capital and a net worth of at least $300,000. The royalty for Auntie Anne’s is 7% of gross sales. A 1% national brand fund fee of gross sales is also charged.
How many Auntie Anne’s locations are there in the US?
In 2011, Auntie Anne’s partnered with Alex’s Lemonade Stand Foundation to raise money for childhood cancer research. Since then, Auntie Anne’s has added new items to the menu, a mobile app, and catering to the franchise. There are over 1,000 franchises in the United States to go along with more than 700 international locations.
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Background
Auntie Anne`s is a snack food retailer selling delicious freshly baked hand-rolled soft pretzels in a range of sweet and savory flavors. They come with optional dips and are supplemented by various drinks.
Support and Training Offered By Auntie Anne's
Training includes no less than two weeks of classes to help you and your team understand the business. Additionally, training programs are available specifically for managers.
Franchises Similar to Auntie Anne's
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.
When did Auntie Anne's franchise start?
15. After perfecting her recipe and raising more money, Beiler opened a second stand in Harrisburg, Pennsylvania later in 1988. By 1989, Beiler was ready to start franchising the Auntie Anne’s concept. Beiler agreed to license the first franchise to her brother, construction manager Jake Smucker, who opened a shop in Middletown, Pennsylvania.
What is Section III of Auntie Anne's franchise?
Section III – Initial franchise fee, royalty fee, marketing fee, and other fees for an Auntie Anne’s franchise, based on Items 5 and 6 of the company’s 2020 FDD
What is the Auntie Anne's game day pretzel pack?
At the end of January 2020, Auntie Anne’s released the Game Day Pretzel Pack, which included fresh-baked Pretzel Nuggets or Mini Pretzel Dogs, assorted dips, and most importantly – a free Snack Stadium holder to display the winning combo. The Snack Stadium, a mini-football field display, was designed to hold the bite-size pretzels. It was the perfect functional table display for any Super Bowl party.
What is Auntie Anne's recline to eat chair?
It’s a one-of-a-kind, limited-edition chair that places pretzel delivery orders with the pull of a lever. The more you kick back, the more you get to snack. No need to pick up the phone – just relax and let the chair handle the ordering. The chair uses motion sensors to detect when users pull the lever, which then connects to the Auntie Anne’s mobile ordering system and places the order for delivery. It even talks to confirm that the order is on the way.
When will Auntie Anne's be available for mobile ordering?
1. At the beginning of August 2020 , Auntie Anne’s announced the launch of contactless mobile ordering in the Pretzel Perks app, along with the creation of their “Recline-To-Dine” Chair that actually orders pretzels with just the pull of a lever.
When did Auntie Anne's open?
16. In November 1989, Beiler opened the first mall location. Over the next few years, Auntie Anne’s grew rapidly and by 1992, there were 100 locations. In the mid-1990s, Auntie Anne’s opened its first international location in Jakarta, Indonesia. Auntie Anne’s continued its worldwide expansion over the next few decades.
Who is Auntie Anne's husband?
13. Auntie Anne’s was founded in 1988 by Anne F. Beiler and her husband Jonas in Downingtown, Pennsylvania. Beiler, who grew up in the Amish community, had grown up making baked goods that her family could sell. As a young adult, Beiler and her husband left the Amish community and struck out on their own.
What did Auntie Anne's stand serve?
The stand served pizzas, pretzels, chips and candy, with the pretzels outselling everything else. Beiler stopped selling pizza and began hand-rolling pretzels in front of her customers, making the snack even more popular. Eventually, Beiler bought her own stand, naming it Auntie Anne's, and, soon two of her brothers were operating Auntie Anne's ...
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
What does absentee ownership mean?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
What is a military discount?
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
What is franchise investment?
Definition: The total amount necessary to begin operation of the franchise. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital.
How long does a franchise last?
Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
