How much does a Philly Pretzel Factory franchise cost?
- Initial Franchise Fee: $35,000
- Total Investment: $167,759 to $351,193
- Working Capital: $10,000 to $25,000
- Royalty Fee: 6.0%
Full Answer
How much does it cost to buy a Philly Pretzel Factory franchise?
To buy a franchise with Philly Pretzel Factory, you'll need to have at least $100,000 in liquid capital. They also offer a discount for veterans ( $1,000 off mobile franchise and $2,000 off retail store ). * What does Liquid Capital mean?
What kind of pretzels do they have at Philly Pretzels?
In addition to hot soft pretzels, Philly Pretzel Factory stores offer pretzel dogs and sausages, cheesesteak-stuffed pretzels, dipping sauces and frozen lemonade. This company is seeking new franchisees throughout the US.
What does the franchise fee cover?
This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems. 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.
Do you sell pretzels right out of the oven?
Our pretzels are sold right from the oven to thousands of customers who love that hot and fresh taste and appreciate knowing that each one was made fresh just for them. We offer fresh “hot outta the oven” pretzels and a few other products such as pretzel dogs, pretzel cheesesteaks, pepperoni melts, and cinnamon pretzel twists.
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How much does it cost to open a Philly pretzel?
How much does Philly Pretzel Factory franchise cost? Philly Pretzel Factory has the franchise fee of up to $35,000, with total initial investment range of $133,999 to $351,393.
How much does a pretzel factory franchise cost?
What Does a Philly Pretzel Factory Franchise Cost? To buy a franchise with Philly Pretzel Factory, you'll need to have at least $100,000 in liquid capital. They also offer a discount for veterans ($1,000 off mobile franchise and $2,000 off retail store).
Is Philly Pretzel a franchise?
After graduating from college, he teamed up with Len Lehman to open the first Philly Pretzel Factory in 1998, and they began franchising in 2004. In addition to hot soft pretzels, Philly Pretzel Factory stores offer pretzel dogs and sausages, cheesesteak-stuffed pretzels, dipping sauces and frozen lemonade.
How much does a Philadelphia pretzel cost?
Philly Pretzel Factory PricesFoodSizePriceReal Pretzel1 Pc.$1.25Real Pretzels3 Pc.$3.00Real Pretzels5 Pc.$4.00Real Pretzels10 Pc.$7.0035 more rows
Who owns Philly Pretzel Factory?
Dan DiZioOur founder, Dan DiZio, grew up eating pretzels. He started selling soft pretzels in his neighborhood at age eleven, becoming a child entrepreneur with a sales team of kids from all around the town.
How many Philly Pretzel locations are there?
Philly Pretzel Factory With over 170 locations in over a dozen states — and some 30 locations in the Greater Philadelphia area alone — these pretzels are everything you imagine when you think about soft pretzels.
Is Auntie Anne's a franchise?
Auntie Anne's is a franchise of pretzel shops founded in 1988 by Anne Beiler (Auntie Anne) in Pennsylvania. Auntie Anne's is owned by FOCUS brands, headquartered in Atlanta, Georgia and sells hand-rolled soft pretzels, dipping sauces, drinks, and other snacks.
How much is a Wetzel Pretzel franchise?
The low end of the total investment required to open a new franchise is $153,100. The most the franchisor could ask you to invest is $523,850 if you want to become a franchisee. New franchisees pay Wetzel's Pretzels a franchise fee of $35,000.
How much is a Philly pretzel tray?
PretzelsPretzelsPrice5 Pretzels$4.0025 Crowd Pleaser$19.00100 Pretzels$55.00Rivet Shaker$3.757 more rows
How do you keep Philly pretzels fresh?
To store fresh pretzels, wrap them in plastic wrap followed by aluminum foil. This helps the pretzel retain its moisture. For short-term storage (a day) keep them in the cupboard. For any longer than a day, freeze them.
How long do soft pretzels last?
Store Leftover Pretzels You can store them at room temperature for up to 2 days, or freeze them for up to 1 month. For a warm, soft pretzel, reheat them in a 350°F oven for about 5 minutes, or for 10-12 minutes if frozen.
How much is Wetzel Pretzel franchise?
The low end of the total investment required to open a new franchise is $153,100. The most the franchisor could ask you to invest is $523,850 if you want to become a franchisee. New franchisees pay Wetzel's Pretzels a franchise fee of $35,000.
Is Auntie Anne's a franchise?
Auntie Anne's is a franchise of pretzel shops founded in 1988 by Anne Beiler (Auntie Anne) in Pennsylvania. Auntie Anne's is owned by FOCUS brands, headquartered in Atlanta, Georgia and sells hand-rolled soft pretzels, dipping sauces, drinks, and other snacks.
Background
Pretzels have become America's third most popular snack. Philly Pretzel Factory capitalizes on this growth market with a unique concept: a local commercial-grade bakery in an innovative retail setting that produces authentic, Philadelphia-style soft pretzels.
Company Details
Established: 1998 First Unit Franchised: 2004 Franchised Units: 176 Company Owned Units: 3 States Registered In: All except CA, HI, ND, SD, WA, MN Canada Franchises: No International Franchises: No
Support and Training Offered By Philly Pretzel Factory
Financial Assistance Provided: No Site Selection Assistance: Yes Lease Negotiation Assistance: Yes Recruiting Assistance: Yes Co-Operative Advertising: Yes Training: Pretzel University - 6 days. Plus much more pre & post opening training & support!
Franchises Similar to Philly Pretzel Factory
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.
The Philly Pretzel Factory Experience
For a long time, soft pretzels have become a snack that is enjoyed by many. Whether it be at the mall, ball games, festivals, or even at home, everyone enjoys a fresh-baked soft pretzel. Philly Pretzel Factory isn’t limited to Philly locations.
Philly Pretzels and Opportunities
If you’ve never had a Philly Pretzel, you may not understand the awesomeness that this company brings to the community. However, you have the chance to become an owner of this franchise and be in all of your glory with as many pretzels as you desire. Which, could pose to be a problem if you eat all of your inventory.
Wrapping it Up
Philly Pretzel Factory is one of the many outstanding franchise opportunities on the market. It may be hard to narrow down your decision, but when given the information and details, it may now be easier to come to a conclusion. This specific franchise business has a lot of benefits to owning the business.
Our Model is Simplicity
PROVEN GROWTH – Since our first franchise opened nearly 20 years ago, in-stores sales have continued to grow. In fact, 45% of franchise owners own multiple stores.
Build on Loyal Support
Opening a new business is a huge undertaking, but you don’t have to do it alone. Our team is here to provide the support and training you need to ensure your store starts off strong and continues to grow.
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.
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.
What is 2% advertising fee?
2%. Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide.
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.
How many franchise locations do they have?
As of the 2019 Franchise Disclosure Document, there are 159 franchised Philly Pretzel Factory locations in the USA.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
