Facts You Should Know on Cinnabon Franchise
- It is one of the most successful franchise businesses in the United States and Canada.
- The Cinnabon brand is well-known and respected.
- The Cinnabon system is easy to operate and manage.
- The franchisor provides a high level of support to franchisees.
- The Cinnabon business model is scalable.
- The Cinnabon system is successful and profitable and growing rapidly.
Full Answer
What is a Cinnabon franchise?
The Cinnabon franchise has been a staple of American malls for decades and was founded in 1985. If you have been to a mall since the 1980s, you will know the unmistakable scent of the Cinnabon franchise. The brand is known for its irresistible cinnamon rolls that come fresh or prepackaged.
What is Cinnabon known for?
Cinnabon has been awarded: #1 in category in Entrepreneur magazine's Franchise 500, #6 in Top 25 Atlanta-Based Franchises by Atlanta Business Chronicle, Ranked in Golden Chains: 20 Best Franchises from Travelers by CNN Travel, Ranked in Nation's Restaurant News, Top 4 Restaurant Digital Marketing Tactics
Who is a Cinnabon owner?
Cinnabon owners are people who excel in the foodservice environment and enjoy giving back to their community. We all share the same goal - to help make you successful and happy each and every day.
What do you need to know about starting a franchise business?
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.
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How much do Cinnabon franchises make?
2021 Cinnabon Median Franchise Sales: $595,413 Based on the median sales provided by Cinnabon's franchise locations, at an average of a 15% profit margin it will take around 7 years to recoup your investment.
How much is it to own a Cinnabon franchise?
The initial franchise fee to open one Cinnabon franchise is $30,000. Additionally, potential Franchise Partners should possess cash liquidity of $120,000 and a net worth of at least $400,000. The current approximate startup cost is about $250,000 (note that startup cost will vary for each individual franchisee).
What franchise makes the most money for owners?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
How much do franchise owners make a year?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
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.
Can you buy Krispy Kreme franchise?
Getting into a Krispy Kreme franchise is not inexpensive. Franchisees can expect to spend anywhere from $440,000 to $4.1 million in initial investment fees, depending on the type of store format they choose. In addition, franchisees can expect to pay 4.5% in net royalties, payable each week, according to its FDD.
What is the most profitable franchise to own in 2022?
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What is the most successful franchise?
The 25 Highest-Grossing Media Franchises of All TimePokémon – $92.121 billion.Hello Kitty – $80.026 billion.Winnie the Pooh – $75.034 billion.Mickey Mouse & Friends – $70.587 billion.Star Wars – $65.631 billion.Anpanman – $60.285 billion.Disney Princess – $45.187 billion.Mario – $36.143 billion.More items...
Is owning a franchise profitable?
Buying a franchise might seem like easy money, but those royalties and fees will quickly cut into profit margins. The majority of franchise owners earn less than $50,000 per year.
How often do franchises fail?
A five-year study by the franchise consulting firm FranNet reported that 92 percent of their franchise placements were still in business after two years and 85 percent after five years. Because yes, sometimes franchise businesses can rise and fall like independently owned companies.
Is owning a franchise a full time job?
Buying a franchise doesn't have to mean making a full-time commitment. Believe it or not, there are many franchises that can be run on a part-time basis, especially when you first start out.
Do franchise owners have to work?
Owning a franchise unit can be demanding, requiring work of 60 to 70 hours a week, but owners have the satisfaction of knowing that their business's success is a result of their own hard work. Some people look for franchise opportunities that are less demanding and may only require a part-time commitment.
Who owns Cinnabon?
PopeyesFocus BrandsCinnabon Internation... Inc.Cinnabon/Parent organizations
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.
Who is the CEO of Cinnabon?
Joe GuithJoe Guith serves as the CEO / President of Cinnabon. Reginald Coachman serves as the Vice President Operations of Cinnabon.
What is the net worth of Cinnabon?
From Hooters To Hot Buns: How Kat Cole Turned Cinnabon Into A $1 Billion Brand.
Who owns Cinnabon?
for $65 million. Cinnabon was sold again in 2004 to FOCUS Brands, Inc., which is owned by the Atlanta-based private equity firm Roark Capital Group. Today, Cinnabon has become an American mall staple and also has locations all around the world.
When will Cinnabon be back?
1. In late May 2020 , Cinnabon released an important update message on its website as the brand got back up and running. Cinnabon began by saying that it was happy to see customers enjoying its products through its bakeries at Pilot Flying J, Schlotzsky’s, delivered through Harry & David, or with grocery store products, even though its mall bakeries were temporarily closed across the United States. As malls began to reopen, Cinnabon’s owners and operators and team members were looking forward to firing up the ovens and getting back to baking. The brand said, “now more than ever Life Needs Frosting.”
What is section 4 of Cinnabon?
Section IV – Number of franchised and company-owned Cinnabon outlets at the start of the year and the end of the year for 2017, 2018, and 2019, based on Item 20 of the company’s 2020 FDD
How many regions are there in Cinnabon?
Cinnabon’s four Regions, and their respective states, are used in the information presented in Item 19. These four Regions comprise the entire group of Regions within the Cinnabon system:
Who is the chief marketing officer of Cinnabon?
9. According to Karyn Sarago, chief marketing officer of Cinnabon, “Our fans look to us for unique, highly craveable products that bring a spirit of love and magic, and Cookie BonBites do just that. According to our fans on social media, our chef baked up one of the coolest mash-ups they’ve tasted and we’re so excited for the return of these delightful little bites of bliss. What better day to celebrate their return than National Cinnamon Roll Day?”
Why are bonbits brought back?
Brought Back Fan-Favorite Cookie BonBites to Celebrate National Cinnamon Roll Day
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 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.
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 Cinnabon sell?
14. In 1998, Cinnabon was sold to AFC Enterprises, Inc. for $65 million.
When did Cinnabon launch its first online gifting platform?
1. In mid-November 2018 , Cinnabon announced the launch of its first online gifting eCommerce platform. Customers across the United States can now quickly and easily order a variety of Cinnabon gifts perfectly packaged to “wow” the recipient, with free overnight shipping.
What is Cinnabon section II?
Section II – Estimated initial investment for a Cinnabon franchise, based on Item 7 of the company’s 2019 FDD. Section III – Initial franchise fee, royalty fee, marketing fee, and other fees for a Cinnabon franchise, based on Items 5 and 6 of the company’s 2019 FDD. Section IV – Number of franchised and company-owned Cinnabon outlets at ...
How many regions are there in Cinnabon?
Cinnabon’s four Regions, and their respective states, are used in the information presented in Item 19. These four Regions comprise the entire group of Regions within the Cinnabon system:
Who invented the cinnamon roll?
12. To develop the cinnamon roll recipe, Komen brought in Jerilyn Brusseau, who baked the pies and other goods for her small restaurant in Montana. Brusseau had built a reputation for the quality of her baked goods, including a cinnamon roll that she had been baking since she was a child.
What is section V of Cinnabon?
Section V – Presentation and analysis of Cinnabon’s financial performance representations, based on Item 19 of the company’s 2019 FDD, including information on the:
Who is the president of Cinnabon?
Kristen Hartman , president of Cinnabon, said, “The holiday season is our biggest season of the year and there’s nothing quite like the sensation of walking into a Cinnabon bakery during this time. Many of our fans want to share that experience with family and friends who may live across the country.
What is Cinnabon franchise?
At Cinnabon ®, we're dedicated to the success of our Franchise Partners and are focused on providing world-class support and service based on respect and trust. When you join the Cinnabon family, you'll be working with experienced professionals who have extensive brand building, marketing, development and operational experience in all functions of the foodservice and bakery and coffee shop franchise industries.
How much money do you need to buy a Cinnabon franchise?
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. They also offer financing via 3rd party. *. Request Free Information.
How long has Cinnabon been serving?
Cinnabon has been serving delicious goodies for more than 25 years and seeks Franchise Partners who are passionate about owning their own Cinnabon Bakery franchise to continue expansion and create lasting memories for their Guests.
What is Cinnabon owner?
Cinnabon owners are people who excel in the foodservice environment and enjoy giving back to their community. We all share the same goal - to help make you successful and happy each and every day. Cinnabon offers Franchise Partners: Single, multi-unit and co-branding Bakery franchise opportunities An opportunity to be part of a world-famous brand Efficient, customizable Bakery designs to maximize return on investment Access to a dedicated and passionate Franchise Support Team
How many Cinnabon bakeries are there?
Cinnabon is an escape, a mini vacation, the frosting of life. With more than 1,100 bake ries in over 55 countries serving baked goods and specialty-blended beverages, our vision is quite simple – to be a global player in the snack industry and a best-in-class bakery and coffee shop franchise.
What is Cinnabon's motto?
The Cinnabon ® motto represents our world-famous goodies, but more than that, it's also our very reason to exist. We provide balance in life – to Moms with kids and shopping bags, travelers with suitcases or anyone who wants to indulge. Cinnabon is an escape, a mini vacation, the frosting of life.
How has Cinnabon changed the game?
Cinnabon has completely changed the game for the way that people enjoy cinnamon rolls.
Why do franchise owners terminate?
Although in most cases, franchise owners terminate because they aren’t doing well or making enough profit, many times it could just indicate that the owner lost interest or passion for the business.
What makes it so great?
Not every business opportunity is made the same; which means that every opportunity will have its perks, negatives, and differences. When it comes to Cinnabon, they seem to offer some pretty good incentives when factoring in the financial transparency that they offer.
Does turnover affect franchise?
The turnover rate for a franchise opportunity can clue us into whether or not the company is healthy or not. Many times, franchise owners terminate their contract or decide on not renewing their contract because of certain circumstances. Unfortunately, these incidents affect the turnover rate.
Can you finance Cinnabon?
There are no finance options available, nor refunds or discounts on purchasing multiple outlets. So you’ll have to find some way to make that money if you really are loving the thought of owning your very own Cinnabon.
Is Cinnabon a franchise?
Cinnabon offers more than just a tasty treat for everyone to enjoy on any occasion, but they also provide an excellent franchise opportunity with training and financial transparency available. It’s a wonderful chance for aspiring entrepreneurs to put their love for cinnamon rolls to good use and make money from it.
Background
The food and restaurant industry is a billion-dollar industry that has added countless jobs to the economy. Even during the COVID-19 pandemic, the industry has continued to boom and has adapted to the changing global economy. A change that is here to stay is that health and safety a top priority. This rings true for the Cinnabon franchise.
Support and Training Offered By Cinnabon
In terms of support and training, the franchisee can expect 36 hours worth of on-the-job training. Additionally, the franchise provides classroom training that lasts for 20 hours.
Franchises Similar to Cinnabon
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.
