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.
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.
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 many Auntie Anne's restaurants are there worldwide?
. The Auntie Anne's franchise now has over 950 locations worldwide, anchored by a Threefold Philosophy: providing premium products, in a sparkling clean store, with friendly customer service. Franchise Gator offers many other restaurant franchises for sale in our comprehensive directory.
See more
How much does an Auntie Anne's franchise?
What is Auntie Anne's franchise fee? If you're looking to start your own Auntie Anne's franchise, you'll need to pay an initial franchise fee of $30,000 to be an Auntie Anne's franchise owner.
What is the most profitable franchise?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
How much is the average franchise fee?
between $25,000 to $50,000Franchise fees are typically between $25,000 to $50,000 on average. 2) Startup Costs: These are the expenses you'll incur to get your new business open and operating. Initial investment costs vary widely from franchise to franchise.
How much is the initial franchise fee?
$25,000 to $65,000Franchisors are not required to charge any minimum amount, but initial franchise fees generally range from $25,000 to $65,000 for the right to develop one franchise. The franchisor needs to be competitive with the price it charges as an initial franchise fee to attract the right franchisee.
What is the most profitable franchise to own in 2022?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How much is a Starbucks franchise?
Initial Start-Up Funding The average cost to license a Starbucks store is $315,000. You'll also need $700,000 in liquid assets to be considered.
How do franchise owners get paid?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
How much is Mcdonalds franchise fee?
$45,000Those approved to launch new McDonald's franchises can expect to shell out between $1,314,500 and $2,306,500 to get the restaurants up and running. Owners pay an initial franchise fee of $45,000. The costs can vary depending on the region of the country and store type as well as the restaurant's size.
What is the McDonald's franchise fee?
$45,000McDonald's Franchise Cost / Initial Investment / Income Most McDonald's owner/operators have entered the corporation by purchasing an existing restaurant. To open a McDonald's franchise, however, requires a total investment of $1-$2.2 million, with liquid capital available of $750,000. The franchise fee is $45,000.
Is a franchise a one time payment?
FYI: Monthly royalties are where the profits are for franchisors-not the upfront franchise fee, which is a one-time payment. As shown above, franchise fees are a necessary part of franchising.
How much does it cost to franchise a KFC?
For non-traditional KFC outlets, KFC charges an initial license fee of $22,500. For traditional KFC franchise agreements, the franchise (or initial license) fee is $45,000 split into the deposit fee and the option fee.
Are franchise fees paid yearly?
The (sort of) good news is that franchise fees are typically just a one time payment. However, if you think you may want to buy a franchise, it's something you'll need to get comfortable with. It's also just one line item in your total initial investment.
Do franchise owners make money?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.
Which franchise is best in 2022?
Franchises provide a strong corporate and management framework, plus marketing, merchandising and production support....Bluevine Business CheckingDunkin' ... Anytime Fitness. ... Planet Fitness. ... Orangetheory Fitness. ... Primrose Schools. ... Kiddie Academy. ... Kumon Math and Reading Centers. ... Ace Hardware.More items...•
How much does a 7-Eleven franchise owner make?
The estimated base pay is $82,642 per year. The estimated additional pay is $58,474 per year. Additional pay could include bonus, stock, commission, profit sharing or tips.
What is the fastest growing franchise in the world?
Browse franchises by categoryFranchise name/rankCategory/Description# 1 7-ElevenConvenience Stores Convenience stores# 2 Century 21 Real EstateReal Estate Real estate# 3 KFCChicken Chicken# 4 Stratus Building SolutionsCommercial Cleaning Environmentally friendly commercial cleaning and disinfecting6 more rows
What is Auntie Anne's retail?
Auntie Anne’s retail shops offer fresh baked soft pretzels, lemonade and related foods and beverages. The franchisor offers franchises for a single Auntie Anne’s Shop and an Auntie Anne’s Concession Shop, as follows: Shop – where the franchisee produces and sells a full range of Auntie Anne's products, which may include alcoholic beverages.
What is a territory granted Auntie Anne's?
Territory Granted: The Franchise Agreement licenses the franchisee to manufacture and sell Auntie Anne’s products at retail only from a specific Auntie Anne's Shop location that the franchisor accepts.
What are the requirements for a franchisee to operate a shop?
Franchisees must appoint a primary contact who will be responsible for, and have decision-making authority regarding, the shop and its operation. Franchisees must also have at least one certified manager that is dedicated to the shop. Franchisees may offer in the shop to customers only the approved products that the franchisor has approved in writing. Franchisees may not produce or offer any products (i) that the franchisor does not authorize franchisees to produce or sell or (ii) that the franchisor directs franchisees not to produce or sell.
How long does a concession store franchise last?
If franchisees operate a concession shop, the term will be 10 years. One 20-year renewal term is available, if the franchisee complies with renewal requirements. If franchisees operate a concession shop, there is no option for a renewal term.
What age do you have to be to be a franchisee?
All training attendees must be over the age of 18.
How old do you have to be to be a franchisor?
All training attendees must be over the age of 18. All or certain portions of the initial training program may, in the franchisor’s discretion, be conducted online or in person at its corporate headquarters in Atlanta, Georgia or other locations it authorizes.
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.
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.
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.
