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Below is an in-depth analysis and side-by-side comparison of Ricky's Candy, Cones & Chaos vs Wetzel's Pretzels including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $378,500 - $563,800 | $126,600 - $405,850 |
Franchise Fee | $30,000 | $35,000 |
Royalty Fee | 5% | 7% |
Advertising Fee | - | 1% |
Year Founded | 2003 | 1994 |
Year Franchised | 2004 | 1996 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | ||
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/Yes |
Start-up Costs | No/Yes | No/Yes |
Equipment | No/Yes | Yes/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | On-The-Job Training: 40 hours Classroom Training: 40 hours |
Support | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
Marketing | Co-op advertising, National media, Regional advertising | Ad Templates Social media SEO Email marketing Loyalty program/app |
Operations |
30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 12
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)
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Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | No | Yes |
NO LONGER FRANCHISING
Own Your Own Ricky's Candy, Cones and Chaos Candy Store and Ice Cream Franchise
It's A Sweet Opportunity
Candy and ice cream combined are a $45 billion industry with an annual growth rate of about 2 percent.
Check out this tasty list of facts:
*Candy boasts terrific margins.
*Ice cream sales have become an all-season business.
*Super premium ice cream has been the fastest growing segment of the frozen treats market.
There is a growing demographic of young parents who cater birthday parties for their children outside of their homes.
Residents of the Northeast consume more candy than any other region in the United States
Ricky's Candy, Cones and Chaos is the ultimate ice cream and candy experience for customers and a sweet franchise opportunity for you! It includes thousands of bulk candy choices; a delicious super-premium ice cream you make in the store; candy novelties and other great gifts; and a color-filled party room terrific for kids' birthdays. These three business centers - candy, cones and 'chaos' - provide an all-season business opportunity for the dedicated franchisee.
The Sa-weeetist Franchise Support Anywhere
Ricky's Candy, Cones and Chaos will give franchise operations unparalleled support including:
*Site evaluation and selection.
*Lease and contract negotiations.
*Staff consultation during construction process.
*Name-brand products and proprietary products.
*In-house management training program at our flagship location.
*On-site operations assistance prior to and during your store opening.
*Marketing assistance.
*On-going assistance as needed.
Ricky's Candy, Cones and Chaos Candy Store and Ice Cream Franchise The Ultimate in Fun and Excitement
Ricky's Candy Cones and Chaos is the ultimate ice cream and candy experience; something for kids ages 5 to 85!
Families love our "Chaos Center," where they can build their own fabulous sundae. And our candy choices are nothing less than extraordinary! Bin after bin, you'll find thousands of treats to choose from - bag 'em, put 'em in a tin, or have them wrapped for the ultimate candy gift!
For the ultimate birthday, team or group event, book our party room! Kids can make their own candy jewelry, share sweet treats with friends, and have loads of fun!
Ricky's Candy, Cones and Chaos puts fun first.
Wetzel's Pretzels founded by Rick Wetzel & Bill Phelps, former marketing executives in 1994. 1st Wetzel's Pretzels located in South Bay Galleria in Southern California. First store was opened in 1995 Century City, Hollywood.
In 1996 Wetzel's Pretzels began franchising. Currently they have locations across United States (Universal City, Staples Center, Dodgers Stadium, Disneyland, Disney world) & internationally. Currently co-branding relationship with Cold Stone Creamery, Swensen's, Juice It Up and more.
Beginning of 2016 Wetzel's franchise fast food restaurants had 298 locations out of them 269 US locations; 2 in Canada; 19 worldwide; and 8 owned by the company itself.