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Below is an in-depth analysis and side-by-side comparison of Yovana vs 16 Handles including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $225,000 - $341,500 | $274,500 - $735,000 |
Franchise Fee | $40,000 | $30,000 |
Royalty Fee | 5% of Gross Sales | 6% |
Advertising Fee | 5% of Gross Sales | 2% |
Year Founded | - | 2008 |
Year Franchised | - | 2010 |
Term Of Agreement | 5-10 years | 10 years |
Term Of Agreement | 5-10 years | 10 years |
Renewal Fee | - | 10% of the then franchise fee |
Business Experience Requirements |
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Experience | - | Experienced business people, franchisees, and multi-unit operators |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | No/Yes |
Start-up Costs | -/- | No/Yes |
Equipment | -/- | No/Yes |
Inventory | -/- | No/Yes |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | 2 Weeks of training at one of our corporate training stores in NYC 1 Week of on site training support by one of our Operations Specialists |
Support | - | As a 16 Handles franchise owner, you will receive full support services every step of the way. Through informative, on-site visits and a comprehensive, confidential operations manual, you will be assisted in all the critical areas, including but not limited to: site selection, building design, initial equipment purchases, hiring, management, food ordering and marketing. And you will have ongoing support from our experienced corporate team to guide you through building your business, controlling your costs and running your business efficiently all the way from post-deposit through grand opening and beyond. |
Marketing | - | - |
Operations | - | A Franchise Business Consultant will be assigned to your store to assist with all business operations |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | No | Yes |
Yovana is the first shop of its kind to prepare yogurt fresh, in the store, every day. This wholesome, premium yogurt sets a new standard for taste and quality. Consumers can enjoy a Yovana yogurt any time of day for a delicious, smart treat that nourishes the body, mind and spirit. Combined with seasonally fresh fruit, premium organic, fair trade coffee and fresh baked breads, Yovana provides an entirely new eating experience that will take you to yogurt nirvana!