How to open a Baskin-Robbins franchise?
- Ensure you have adequate capitalization. In order to open a Baskin-Robbins franchise, you must have a net worth of more than $93,000.
- Appreciate the investment required for a franchise. ...
- Evaluate your prior experience and strengths. ...
- Assess market availability. ...
- Submit your application. ...
- Receive approval & opening your Baskin-Robbins franchise. ...
Full Answer
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 many franchises does Baskin Robbins have?
How many franchise locations do they have? As of the 2020 Franchise Disclosure Document, there are 949 franchised Baskin-Robbins locations in the USA. Are there any Baskin-Robbins franchise opportunities near me? Based on 2020 FDD data, Baskin-Robbins has franchise locations in 36 states plus DC.
Does Baskin Robbins take credit cards?
It is still possible to use debit or credit cards at the register of most Baskin Robbins locations Sometimes you will be out with friends or family, only to realize that you’re missing your wallet. Apple Pay makes paying for dinner easy and convenient so that everyone can have fun without worrying about money.
Does Baskin Robbins have a soft serve?
Baskin-Robbins, like its competitors, will have an array of dessert treats featuring soft serve. They’ll have sundaes, 31 Below (their version of Dairy Queen’s Blizzards), creamy fruit smoothies and take-home pies. They even have special soft serve cones covered with sugary sprinkles that change colors.
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How much does it cost to buy into Baskin-Robbins franchise?
How much does Baskin-Robbins franchise cost? Baskin-Robbins has the franchise fee of up to $25,000, with total initial investment range of $93,550 to $401,800.
Is owning a Baskin-Robbins franchise profitable?
Baskin-Robbins is a profitable business for the franchisor with income that surpasses the half million dollars in every fiscal year.
How much can you make owning a Baskin-Robbins?
Baskin-Robbins Franchise Costs 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.
What are the capital requirements for Baskin-Robbins?
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 as well as a discount for veterans ($2,500 off franchise fee).
What is the royalty fee for Baskin-Robbins?
Ongoing fees 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 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 franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
What is the franchise fee for Dunkin Donuts?
Dunkin' Donuts Franchise Cost / Initial Investment / Dunkin' Donuts. The total liquid capital required to open a Dunkin' Donuts franchise is $125,000 and Dunkin' Donuts franchise fees are $40,000 to $90,000. The minimum net worth of a Dunkin' Donuts franchise is $250K.
Is Baskin-Robbins doing well?
Baskin-Robbins was taken private in 2020 and doesn't publicly disclose sales figures. But Maceda said sales grew 3.5% in 2020, and 10.9% last year. Overall, ice cream sales at US scoop shops grew 4.4% from 2019 to 2021, according to Euromonitor International.
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 cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
How much does it cost to get KFC franchise?
To start a KFC franchise in India, you may require an investment of 1 to 2 crores with a 1,000 – 1,500 Square feet commercial space that meets their guidelines. And there will be a 4-5% royal commission on the actual sales.
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.
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).
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.
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.
What is the most popular flavor of chocolate chip?
The most popular flavors? Mint chocolate chip, pralines n’ cream, and the beloved vanilla and chocolate.
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 to Apply for a Baskin Robbins Franchise?
After applying for the Baskin Robins franchisee, you will be contacted by the expert team to understand your requirements as a business partner and access the proposed location.
What is Baskin Robbins ice cream made of?
The best part about the ice cream Baskin Robbins offers is that it is made from cow’s milk. It indirectly adds to the nutritional value of the products offered by the company.
How much is Baskin Robbins worth in 2024?
Furthermore, this market is estimated to be worth INR 376 Billion by the year 2024. Therefore, starting a Baskin Robbins Franchise in your city will give you an opportunity not only to become franchise business partners of a world-renowned Ice cream brand but also to step into the franchise world of this growing market.
How many Baskin Robbins outlets are there?
It was in the year 1970 that the brand spread its wings and marked its presence internationally. As of now, Baskin Robbins has more than 7000 outlets in 50 countries across the world.
What is Baskin Robbins's product range?
The Baskin Robbins outlet has something for each of its customers, as it has a wide range of products starting from ice creams, sundaes, thick shakes, sticks, desserts, waffles, cakes, and brownies.
What is the Graviss Group?
Things You Should Know about Graviss Group. Baskin Robbins, one of the best premium ice-cream companies in the world, is a part of The Graviss Group , which was founded in 1945. Other brands that are also part of this group include Hotel InterContinental, Mumbai, Rich Graviss, India, Mayfair Catering and Banquets services Mumbai, ...
When was Baskin Robbins first opened?
History of Baskin Robbins. Baskin Robbins was co-founded by Mr Burton Baskin and Mr Irvine Robbinson in the year 1945. The first outlet was opened in the same year in California, USA. It was in the year 1970 that the brand spread its wings and marked its presence internationally.
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 exclusive territory?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What is a military discount?
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
What is included in the initial investment?
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. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
How long is a franchise agreement?
20 years. 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 net worth?
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
Baskin Robbins Franchise Cost
Baskin Robbins Franchise cost 16-20 Lakh Rupees as Initial Investment according to the type of business model. The Franchise Fee is 4 lakh Rupees+GST. The best part is that no Royalty will be charged in india.
Baskin Robbins Franchise Profit
We will analyze Baskin Robbins Franchise Profit with the help of an example. We are assuming that the monthly Sales are 2,40,000 Rupees i.e. 8,000 Rupees daily.
Baskin Robbins Franchise Review
For me, Ice cream means Baskin Robbins. This is the kind of product and brand this franchise has. Everyone should try their Ice Cream once in a lifetime even if you don’t have enough money in your pocket.
How to Start Baskin Robbins Franchise?
To start the Baskin Robbins Franchise, You have to fill out the application form on Baskin Robbins official page- http://www.baskinrobbinsindia.com/contactus
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 Baskin Robbins locations are there?
Baskin-Robbins now has approximately 8,000 locations throughout 50 countries. 100 percent of the locations are franchised.
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.
What is the name of the ice cream chain that has 31 flavors?
Baskin-Robbins is a globally operating ice cream franchise known for having 31 flavor options at each location. In addition to traditional ice cream, the chain offers ice cream cakes for various occasions. The famous "31 flavors" slogan came from the idea of being able to have a different flavor on every day of the month. Baskin-Robbins is a part of the Dunkin' corporate umbrella and has many shared locations co-branded with Dunkin' (previously known as Dunkin' Donuts).
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.
What is the 31 flavors?
The famous "31 flavors" slogan came from the idea of being able to have a different flavor on every day of the month. Baskin-Robbins is a part of the Dunkin' corporate umbrella and has many shared locations co-branded with Dunkin' (previously known as Dunkin' Donuts). Start your business!
Where is Baskin Robbins located?
Baskin-Robbins is an American chain of ice cream and cake specialty shop restaurants. Based in Canton, Massachusetts, it was founded in 1945 by Burt Baskin and Irv Robbins in Glendale, California.
How much money do you need to open a Baskin Robbins franchise?
Ensure you have adequate capitalization. In order to open a Baskin-Robbins franchise, you must have a net worth of more than $93,000. Appreciate the investment required for a franchise. Evaluate your prior experience and strengths.
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.
What is due if you transfer 50% of your direct or indirect interest in the SDA?
Due if you transfer 50% or more of your direct or indirect interest in the SDA; partial transfers of development obligations and associated rights are not permitted.
What is due in a transfer?
Due in the event of a transfer that does not result in a change of control, or due if you transfer any of your interest to your spouse and/or one or more children.
What is gross sales?
Gross sales include all revenue related to the Restaurant.
Can Baskin Robbins change fees?
Baskin-Robbins can change these fees without notice.
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.
