To buy a franchise with Wetzel's Pretzels, you'll need to have at least $100,000 in liquid capital and a minimum net worth of $200,000. Franchisees can expect to make a total investment of $275,000 - $375,000. They also offer financing via 3rd party as well as a discount for veterans (25% Discount).
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How much is a wetzels 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 does it cost to open a wetzels pretzels?
What Does a Wetzel's Pretzels Franchise Cost? To buy a franchise with Wetzel's Pretzels, you'll need to have at least $100,000 in liquid capital and a minimum net worth of $200,000. Franchisees can expect to make a total investment of $275,000 - $375,000.
Who owns wetzels pretzel?
MTY Food GroupMTY Food Group, which closed its acquisition of BBQ Holdings in September, is buying Wetzel's after a strong year for the pretzel chain. Wetzel's reported a record-setting 2021, with systemwide sales surging and same-store sales up 24% compared to 2019.
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 does it cost to open a pretzel maker?
What Does a Pretzelmaker Franchise Cost? To buy a franchise with Pretzelmaker, 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 $130,000 - $225,000.
How many Wetzels pretzels locations are there?
Currently, Wetzel's Pretzels has 300+ locations in 28 states and six other countries worldwide....Wetzel's Pretzels.Wetzel's Pretzels in the Tysons Corner MallNumber of locations350 (2021)Key peopleJennifer Schuler, CEOProductsPretzelsRevenueUS$17 million (US, 2019)11 more rows
Are Wetzel pretzels fried or baked?
WETZEL'S PRETZELS MENU The best things in life are fresh and we bake all our pretzels fresh from scratch every day!
What actor owns a pretzel company?
Actor Adam ShapiroMeet the Hollywood couple turned 'pretzel-preneurs' behind Shappy Pretzel Co. Actor Adam Shapiro loves soft pretzels from his home city of Philadelphia. He went looking online for a recipe to make for his son, when he realized there weren't any that he loved. That's when he decided to make up his own.
Does Wetzel pretzel use beef hot dogs?
All-beef hot dog topped with onion, crunchy slaw, tomato, dill relish and our signature Twisted sauce on our fresh-baked twisted pretzel bun. All-beef hot dog loaded with creamy cilantro baja sauce, jalapeño, green onion and crunchy slaw on our fresh-baked twisted pretzel bun. A sweet and spicy combination!
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How much is Auntie Anne's franchise fee?
Facts & FiguresLiquid capital required$120,000Net worth required$300,000 - $580,000Investment$100,550 - $503,500Franchise fee$10,500 - $35,500Royalty7.0%4 more rows
Can you open your own McDonald's?
Acquiring a McDonald's franchise is a substantial investment and during the application process we will review the level of investment necessary to purchase a restaurant based on a number of factors, and we will discuss with you the financial resources and lending programs available to assist you in getting started.
How much does it cost to open a Crumbl?
The cost to open a Crumbl ranges from $229,666 to $574,833, including a $25,000 franchise fee. Franchisees pay an 8 percent royalty fee.
How much does a Krispy Kreme cost to open?
$275,000 to $1,911,250Krispy-Kreme Franchise Cost / Initial Investment / Krispy-Kreme Franchise. The initial investments to begin an operation ranges from $275,000 to $1,911,250 for a Krispy-kreme store. Applicants must have financial resources to fund multi-unit store development plans including $300,000 in liquid assets.
How much does it cost to open a Cinnabon?
What Does a Cinnabon Franchise Cost? To buy a franchise with Cinnabon, you'll need to have at least $120,000 in liquid capital and a minimum net worth of $400,000. Franchisees can expect to make a total investment of $142,333 - $365,700.
How much does it cost to open a Haagen Dazs?
How much does a Häagen-Dazs® Franchise cost? Our initial franchise fee is $30,000. The investment range detailed in our Franchise Disclosure Document (FDD) has a midpoint investment cost of about $378,643.
Success Is Literally In Your Hands
As one of the fastest-growing franchise opportunities in the industry, Wetzel’s Pretzels is seeking qualified Franchisees to bring the Wetzel’s brand of handheld happiness to their community.
INVESTMENT & FEE STRUCTURE
Financial Requirements Minimum net worth of $300,000 with at least $50,000 in liquid assets.
Ready To Create Some Handheld Happiness?
Here are the next steps in the journey to becoming a Wetzel’s Pretzels Franchisee.
Company Overview
Former marketing executives Bill Phelps and Rick Wetzel founded Wetzel's Pretzels in 1994. The private company began franchising in 1996 and now has units across the United States and internationally. It is based in Pasadena, California, and has co-branding relationships with Cold Stone Creamery, Juice It Up, Swensen's and others.
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Wetzel's Pretzels franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Franchise 500 Ranking History
Compare where Wetzel's Pretzels landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Wetzel's Pretzels ranked on other franchise lists? Find out below.
Where is Wetzel's Pretzels located?
Wetzel's Pretzels is a Pasadena , California-based chain of fast-food restaurants. The first Wetzel's Pretzels location opened in 1994 at the South Bay Galleria, in Redondo Beach, California.
Who owns Wetzel's pretzels?
Wetzel's Pretzels is currently owned by private equity firm Levine Leichtman Capital Partners. Start your business!
Background
We are 26-year-old proven baking concept located in quality malls throughout America. We offer freshly hand-rolled and baked on-site pretzels, pretzel bites, hot dogs wrapped in pretzel dough dipped in butter with a variety of flavors such as cinnamon, jalapeno, pepperoni, etc.
Company Details
Established: 1994 First Unit Franchised: 1996 Franchised Units: 300 Company Owned Units: 20 States Registered In: Arizona - AZ, California - CA, Colorado - CO, Connecticut - CT, Florida - FL, Georgia - GA, Idaho - ID, Illinois - IL, Indiana - IN, Massachusetts - MA, Michigan - MI, Minnesota - MN, Nevada - NV, New Jersey - NJ, New York - NY, Oregon - OR, Tennessee - TN, Texas - TX, Utah - UT, Washington - WA Canada Franchises: No International Franchises: No.
Support and Training Offered By Wetzel's Pretzels
2 week 80 hours of training. 1 wk classroom 1 wk of bakery and store mgmt. hands on at one of four cites. Vegas, Orlando, Los Angles, Denver
Franchises Similar to Wetzel's Pretzels
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.
1. WHaT WIlL IT CoST Me tO GeT MY FRaNChISE UP AnD RUnnING?
Your initial investment consists of the franchise fee, equipment, leasehold improvements (construction), signage and inventory. A breakdown on the estimated initial costs required to open a Wetzel's Pretzel store is shown.
3. hOW Do I SeLeCt a lOCAtIoN?
The location is very important, Wetzel's Pretzels has an in-house Real Estate Department that is in constant touch with leading shopping center developers and is continually assessing regional mall sites coast to coast.
4. HOW lOnG DoEs MY FRAnChIsE LASt?
The initial term of the lease will begin on the "Start Date" and will continue for a period of ten (10) years or the length of the lease, whichever is shorter.
5. WhAt sIZE WILl MY StORE Be?
Depending on the configuration of the site, a minimum of 350 square feet is required, but we have the ability to do kiosks in 200 square feet. The optimum size ranges from 500 - 800 square feet.
7. WHaT ARE ThE HoURS Of oPeRaTIOn?
Your store hours will be determined by the hours the mall is open, typically from 10:00 a.m. to 9:00 p.m., daily, with extended hours during the holiday season.
8. WhAt tYpE Of tRaInInG Is pRoVIDeD BY WEtZeL'S PREtZeLs?
You, and your designated manager, must successfully complete Wetzel's Pretzels two week training program which includes classroom and in-store training.
9. WHaT AsSIStAnCe WIlL I ReCeIVE In oPeNING MY StORE?
Our operations representative will guide you along the critical path leading to your store opening and will assist in the pre-opening period with construction advice, sample plans and specifications for the layout and decor.
