Ice Cream Franchising Information
There are many arguments for and against franchising. That being said, it can be a great way to earn an income and enjoy running your own business. Here's what you need to know about opening an ice cream store franchise.
- The initial investment for starting an ice cream franchise is usually around $150,000
- You will need at least $75,000 in liquid assets
- You will take a monthly royalty fee of 7% of gross sales (50% of net)
- Franchising fees vary; the average is around $3500-$4000
- This website has more information on how much it costs to open a store franchised by different companies: http://www.franchisegeek.com/blog/franchise-fees/#ixzz1bPeGw3qD
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As with any business, the first step to starting an ice cream franchise is to research your options. Talk to friends and family, research online and visit some of the stores in your area. Ice cream franchises are a great option for people who have always wanted their own store but don't want to start from scratch. They offer you a proven model and support every step of the way.
To open a store according to the guidelines provided by your franchisor, you will need to have the appropriate amount of investment capital. The liquid assets you have must be more than enough to cover the first two years of operations, as well as any operating costs that may come up during business hours. Once you are open, franchising companies pay you a variable percentage of your gross sales each month in royalties.
Varying percentages can be found on the Internet. Since there's no uniformity in how it must be set up for each type of franchise, there's no way we can say which is "best" for you or what you should expect from this company before opening a store according to their guidelines.
Once the initial investment has been made, the franchisor will provide you with a Franchise Disclosure Document (FDD) that takes into account the specifics of your store. It is always recommended to read through this document and make sure that you are clear on how to properly run your business.
To take full advantage of these opportunities, you are going to need a group of people who can help you in case things seem off track while running your business. If something does happen, having someone in charge will save you from paying fines or even losing your business. Franchising companies offer support during all stages of the process – from conversation about opening a franchise to monthly reports about financial performance – just remember to ask for what you need.
If you think that an ice cream franchise is the right business model for you, don't hesitate to get in touch with one of these companies. Remember that to purchase a franchise, you need to be at least 18 years old and have the right amount of money and expertise to run this business.
-(Article Published: May 8th, 2013)
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Conclusion
The ice cream franchise is an excellent business opportunity for those who want to become their own boss. The company you choose for your ice cream franchise will take care of your financial and operational needs. This is a good option for people who have the financial resources and interest to start a successful business, but may not be able to make all the decisions on the go.
In conclusion, it should be noted that the franchising model is a good way of getting into business while allowing you to grow in a safe and reliable environment...