Happy Joe's vs I Can't Believe It's Yogurt Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Happy Joe's vs I Can't Believe It's Yogurt including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Happy Joe's Franchise
I Can't Believe It's Yogurt Franchise
Investment $24,470 - $1,030,625$110,000 - $203,000
Franchise Fee $15,000 - $17,000$15,000
Royalty Fee 4.5%-5%0
Advertising Fee 1.5%2.3%
Year Founded 19721977
Year Franchised 19731983
Term Of Agreement 15 years10 years +10
Term Of Agreement 15 years10 years +10
Renewal Fee 10% of fee or $2K-


Business Experience Requirements
 
Happy Joe's Franchise
I Can't Believe It's Yogurt Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    Happy Joe's Franchise
    I Can't Believe It's Yogurt Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support
     
    Happy Joe's Franchise
    I Can't Believe It's Yogurt Franchise
    Training On-The-Job Training: 300 hours Classroom Training: 40 hours 1. Corporate Headquarters 10 Days 2. Store 1 Week
    Support Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software -
    Marketing Co-op Advertising Ad Templates Regional Advertising Social media Website development Email marketing Loyalty program/app-
    Operations 33% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 45

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    		Average Number of Employees: 2 Full-time, 6 Part-time

    Passive Ownership: Allowed, But Discouraged

    Expansion Plans
     
    Happy Joe's Franchise
    I Can't Believe It's Yogurt Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion YesYes

    Company Overviews

    About Happy Joe's

    Lawrence Joseph Whitty had worked in the bakery business for years before becoming an assistant manager at a Shakey's pizzeria. He decided to combine his baking skills with the experience he had gained from working at a pizza restaurant, where he would often hear families decide to go out for ice cream for dessert. Combining pizza and ice cream, Whitty opened the first Happy Joe's Pizza & Ice Cream Parlor in East Davenport, Iowa, in 1972. His signature item was the Happy Joe's Special, a pizza with Canadian bacon and sauerkraut that Whitty created from leftovers in his mother's kitchen. After a franchisee suggested adding tacos to the menu, Whitty created the restaurant's best-selling product, the Taco Pizza.

    Seeking new franchisees in the following regions/states:

     Iowa, Illinois, Minnesota, Missouri, North Dakota and Wisconsin

    The total investment necessary to begin operations of a Happy Joe’s Full Size Restaurant or Happy Joe’s PizzaGrille Restaurant is $279,750 to $1,030,625. This includes $0 to $16,500 that must be paid to the franchisor or an affiliate.
    The total investment necessary to begin operations of a Happy Joe’s DELCO Facility is $164,500 to $423,000. This includes the $0 to $16,500 that must be paid to the franchisor or an affiliate.
    The total investment to begin operations of a Happy Joe’s Satellite ranges from $24,470 to $132,340. This includes the $0 to $16,500 paid to the franchisor or an affiliate.
    The total investment necessary to begin operations of a Happy Joe’s Area Developer business ranges from $17,625 to $94,100. This includes the development fee ranging from $15,000 to $45,000 that must be paid to the franchisor.


    About I Can't Believe It's Yogurt

    Through nearly 5,000 franchises, CoolBrands International Inc., formerly known as Yogen Fruz World-Wide, Inc. sells frozen yogurt and ice cream, including I Can't Believe It's Yogurt, in Canada, the United States, and 80 other countries worldwide.


    Read more: https://www.referenceforbusiness.com/history2/8/CoolBrands-International-Inc.html#ixzz6sXAAkdGS
    Traditional Franchises: We are actively looking for single store franchisees in over 20 countries. Development Agreements: On a selective basis, we enter into Master Franchise exclusive development agreement with companies who are interested in bringing the I Can't Believe It's Yogurt experience to new markets. We are actively looking for master franchisees for any country worldwide and most States in the USA.
     
    I Can't Believe It's Yogurt is committed to developing innovative new products prompting customers to return again and again - keeping I Can't Believe It's Yogurt ahead of the competition, constantly refreshing the business with new flavors.