| ||||
Updated RecentlyFROOTS Fresh Smoothies Salads & Wraps vs Lovin' Spoons Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of FROOTS Fresh Smoothies Salads & Wraps vs Lovin' Spoons including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $87,600 - $316,750 | $385,000 - $493,000 |
| Franchise Fee | $20,000 | $25,000 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 2% | - |
| Year Founded | 2001 | 2010 |
| Year Franchised | 2004 | 2011 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
||
| Training | On-The-Job Training: 1 week Classroom Training: 16 hours Additional Training: At Froots corporate store | In addition to intensive classroom instruction, you'll also get hands-on training in working stores to learn the Lovin' Spoons systems and operating procedures. |
| Support | Froots offers you a complete support team. We work with each of our franchisees personally throughout the start-up process. This ensures that you are provided with everything necessary to properly launch your business. Including, but not limited to, everything from site selection to marketing support. Our training consists of 23 days in a corporate training program and 80 hours of Grand Opening Support Ongoing Support Purchasing Co-ops Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | *Site review and selection *Demographics studies *Prototype construction plans and store design guidance. Operations Support Our detailed training will help you feel comfortable with managing your staff, financials and in-store technology, and our confidential comprehensive operations manual will be a useful day-to-day reference guide. Vendor Relationships We'll help you take advantage of our special relationships with equipment, food, paper goods and other key vendors and suppliers. Marketing Support From your frozen yogurt franchise Grand Opening celebration to ongoing promotional ideas and programs throughout the year, Lovin' Spoons features a proven marketing approach including detailed marketing manuals and strategies, social media campaigns, a custom web page for your store and access to our marketing experts. Online Franchise Resources Our user-friendly online franchise portal will provide you with easy access to branded materials, signage, updated manuals and more. You can also quickly communicate with Lovin' Spoons corporate leadership through contact forms and collaborate with other franchisees in an online forum. |
| Marketing | Co-op Advertising Ad Templates National Media | - |
| Operations |
50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 9 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | - |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About FROOTS Fresh Smoothies Salads & Wraps
FROOTS has been set up with the first time franchisee in mind. If you have never owned a franchise before, the questions below can help you determine if you are ready for the responsibility of such an endeavor.
Who is going to operate the restaurant on a day-to-day basis?
If it will be self-operated, have you committed to this being your full-time job and your full-time income stream?
If a Manager will be hired, has a manager been identified that has a legitimate stake in the success of your business?
If you are currently employed and are planning on leaving to own and operate your Froots, have you at least made your decision to quit your current job?
If so, when are you planning on quitting?
Have you determined exactly where the money for the total development costs will come from to open the store?
Have you determined exactly how much of your own money you will invest in this endeavor?
Is the money you are going to invest available to use immediately?
Do you have the adequate cash reserves to manage through the start-up phase of your restaurant?
Will you have partners in this endeavor?
If so, have you defined exactly how much each partner will be contributing and what their roles will be?
Do all partners agree on moving forward?
Are all partners ready to contribute their portion of the investment?
Have you discussed this opportunity with everyone that will be involved in your household?
Does 100% of your household and any additional family members support your decision to own and operate a Froots?
Are you 100% comfortable with the site you have selected or the trade area in which you will locate the store?
Do you fully understand the franchise agreement and are you ready to abide by all of the Froots system standards as set forth in the franchise agreement?
Have you completely analyzed Froots and do you feel that the Froots brand meets your personal and business objectives as a brand?
We hope that this list of questions will help you address the most important issues that you will need to clarify before realizing your dream of owning a Froots Franchise. We are here to help you address many of the above issues and answer as many of your questions as possible. Since many of the above issues carry a different weight with each individual, we encourage you to address each of them as it relates to your personal situation.
About Lovin' Spoons
When we began the journey that led to the founding of Lovin' Spoons, we were committed to a simple vision: provide the very best frozen yogurt and toppings available and pair them with a unique atmosphere that generates excitement. Prior to starting the company, we spent a year in yogurt shops across the country, equipping ourselves with the best practices that would ultimately become the foundation of our successful concept. With the groovy decade of the 1970′s near and dear to our heart, we knew this exciting era could be the natural inspiration for our unique and expressive brand and in-store experience. Our hometown of Savannah, GA, was a natural place to bring Lovin' Spoons to life, and the award-winning stores have been embraced by customers and the community beyond our wildest dreams. Unlike typical cookie cutter yogurt stores, our loyal guests have frequently noted that Lovin' Spoons stores truly have a soul. This is the ultimate compliment, and is a clear differentiator in the market. Our concept was built from the ground up to be a growing frozen yogurt franchise, and we are prepared to equip you with the tools and support you need to bring the Lovin' to your community. Join us as we look to expand the unique Lovin' Spoons frozen yogurt experience to customers across the country. We are eagerly seeking passionate and enthusiastic franchisees to join this groovy ride! Honorably discharged veterans receive $10,000 off of initial franchise fee of $25K.