How much does Baskin Robins cost to franchise?
The initial franchise fee for opening a Baskin-Robbins is $25,000 per location. It is good for a 20-year term. The current net worth requirement to open a Baskin-Robbins franchise is $200,000.
How much does Baskin Robbins pay per hour?
The average Baskin Robbins hourly pay ranges from approximately $10 per hour for a Team Member to $15 per hour for a Student. Baskin Robbins employees rate the overall compensation and benefits package 2.9/5 stars. Are Baskin Robbins employees satisfied with their compensation?
How much does it cost to buy into a franchise?
• Franchise Fee: This amount can vary, depending on the franchise, but the average amount is typically $20,000 or $50,000, according to the Small Business Administration. This is paid when you first purchase your franchise.
How much does ice cream cost at Baskin Robbins?
When you arrive, expect to pay from $2 to $5 for a cup, cone or soft serve; a sundae will cost about $5. Baskin & Robbin’s have consistently ranked as one of the leading ice cream chains in the world. They have dedicated their lives to providing delicious products, personable service, and putting smiles on their customers’ faces.
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How much does a Baskin-Robbins franchise owner make?
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.
How much is it to buy a Baskin-Robbins franchise?
$94,350 to $402,200Baskin-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 owning a Baskin-Robbins profitable?
Baskin-Robbins is a profitable business for the franchisor with income that surpasses the half million dollars in every fiscal year.
What are the capital requirements for Baskin-Robbins?
Upfront costs for a new locationInitial investment: $94,350 to $402,200. Initial investments will vary depending on where you open as well as some additional site details. ... Franchising fee: $25,000. The initial franchise fee for opening a Baskin-Robbins is $25,000 per location. ... Net worth: $200,000. ... Cash liquidity: $100,000.
Which ice cream franchise is best?
Amul Ice Cream Parlor Franchise. Founded in : 1948. ... Naturals Ice Cream Franchises. Founded in : 1984. ... Cream Stone Franchise. Founded in : 2009. ... Kwality Wall Franchise. Founded in : 1956. ... Ibaco Franchise. Founded in : 2012. ... Gianis Franchise. Founded in : 1956. ... Vadilal Ice Cream Franchise. ... Gelato Vinto Ice Cream Franchise.More items...•
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...
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?
Here is a breakdown and ranges of the financial requirements to open a Dunkin' franchise: Total investment range: $97,500 to $1.7 million. Initial franchise fee: $40,000 to $90,000 (varies by location) Net worth: $500,000 minimum.
How much is it to buy a Taco Bell franchise?
Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.
What is the cost of McDonald's franchise?
The Franchise fee of McDonald's goes for around 30 lakhs INR; however, this fee is also attached with a 4 % monthly royalty fee as service fees to the brand. The actual investment amount differs, a business owner needs to keep a rough estimate of around 6 to 14 Crores.
How much does it cost to get KFC franchise?
The estimated start-up cost can range from ₹ 96 lakhs to ₹ 2 crores. Also, ₹ 36 lakhs is required as a franchise fee to become a KFC franchise owner in India. In addition, a royalty fee of 5% is needed to be paid to the company on gross monthly receipts.
What is the ongoing royalty fee for Baskin-Robbins?
5.9% of gross sales. 5% of total gross sales. $7,500 (or $20,000 if the restaurant is a combo plus the amount listed in the FDD table). The then-current fixed documentation fee, currently $2,000 per restaurant plus an additional $2,000 for each new transferee.
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 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.
Is Baskin Robbins a franchise?
Baskin Robbins is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $150,000 .
What Does a Baskin Robbins Franchise Cost?
To buy a franchise with Baskin Robbins, you'll need to have at least $100,000 in liquid capital and a minimum net worth of $300,000. They also offer financing via 3rd party. *
What is the minimum financial requirement for a Baskin Robbins franchise?
In addition to these criteria, all prospective franchisees must meet Baskin-Robbins minimum financial requirements, like a net worth of $300,000 and liquid assets of $100,000.
Does Baskin Robbins have a mutual evaluation process?
Are you in touch with your ice cream side? At Baskin-Robbins, we have a step-by-step mutual evaluation process to see if we are right for each other. We hand-select franchisees who exemplify the following criteria:
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.
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.
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).
What are the similarities between buying an existing location and opening a new location?
There are some similarities, such as the royalty fee, marketing and advertising fees, etc.
How much does it cost to buy real estate?
In general, as you’re calculating real estate, expect to spend between $15,000 to $200,000, much of which depends on the location of your store, the footprint, and more. If you’re planning to buy land, you’ll incur a separate cost.
How much cash liquidity do you need to sell a house?
Cash liquidity: You’ll need to have 30% of the total selling price, plus cost of remodels, available in liquid assets.
When did Baskin Robbins open?
October 1, 2020. By. Dan Wesson. Share. Tweet. Baskin-Robbins started its operations back in 1946 and opened its doors for franchisees in 1950. It was an idea brought by the passion of two people who are ice cream enthusiasts themselves. Their headquarters is in Canton, Massachusetts, and currently has 8,070 units in more than 30 countries.
Where is the franchise accountant training?
The franchisor conducts classroom training at the headquarters in Jacksonville, Florida.
What is The Real Cost of A Lemonshark Poke Franchise?
However, other fast-casual restaurants may also have a place and opportunity to become an investment in the long run. One of them is LemonShark Poke, self-dubbed as a “fine casual” offering healthier food options for consumers needing a quick bite.
How much discount does a franchisee get for a veteran?
If the franchisee is a U.S. or Canadian discharged veteran, the franchisee may be eligible for the 15 percent discount on the initial franchise cost.
What are the obligations of a franchisee?
Franchisee Obligations. During the first year of operations, the franchisee will be required to accomplish a certain amount of manual labor. They are expected to work full-shift every day, and the number of hours could decrease if the restaurant consistently hits the sales target.
How much does Once Upon A Child cost?
The estimated initial Once Upon A Child franchise cost is about $254,700 to $396,600. It doesn’t include advertising, marketing, and continuing fees, and other expenses that the franchisee will incur.
How many owners and managers are required to complete the Phase I and II training?
A minimum of one owner or manager must attend the Phase I and Phase II training programs and complete both satisfactorily. Moreover, the owner and manager must attend the Phase II training program and complete it according to the franchisor’s satisfaction. The requirements for the training may vary according to the participant’s experience.
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 restaurant?
You must pay the initial franchise fees (“IFFs”) of $25,000 for each Baskin-Robbins Restaurant that you open.
How much is the administrative fee for Baskin Robbins?
A $100 administrative fee is applied to all Baskin-Robbins subleases.
Do you have to reimburse Baskin Robbins for out of pocket expenses?
If you are developing a Restaurant and you or your architect are not prepared for a scheduled meeting when required, you must reimburse Baskin-Robbins for certain out-of-pocket costs.
Who must reimburse Baskin Robbins?
You must reimburse Baskin-Robbins if it is sued and/or held liable for claims related in any way to the operation, procession, or ownership of the Restaurant or the premises.
Does Baskin Robbins audit restaurants?
Baskin-Robbins reserves the right to collect its costs to audit your Restaurant if: (a) a 3% or greater discrepancy is discovered; (b) information has been provided to show a possible violation of the agreement; or (c) the audit is done because you did not send Baskin-Robbins or keep required records.
Can Baskin Robbins change fees?
Baskin-Robbins can change these fees without notice.
