Smoothie Factory vs Handel's Homemade Ice Cream Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Smoothie Factory vs Handel's Homemade Ice Cream including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$141,500 - $424,500 | $234,500 - $814,500 |
Franchise Fee |
$30,000 | $50,000 |
Royalty Fee |
5% | 6% |
Advertising Fee |
- | - |
Year Founded |
1996 | 1945 |
Year Franchised |
1997 | 1989 |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
* A 620 or higher credit score
* Investment capital equal to 30% of the purchase price
* $10-$15K of working capital | In order to be considered, you must have a net worth of $250,000 and unrestricted capital in the amount of $100,000. |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/- | -/- |
Start-up Costs |
-/- | -/- |
Equipment |
-/- | -/- |
Inventory |
-/- | -/- |
Receivables |
-/- | -/- |
Payroll |
-/- | -/- |
Training & Support |
Training |
- | On-The-Job Training: 120 hours
Classroom Training: 4 hours |
Support |
- | Meetings/Conventions
Grand Opening
Security/Safety Procedures
Field Operations
Site Selection |
Marketing |
- | Ad Templates
Social media
Website development
Email marketing |
Operations |
- | Number of Employees Required to Run: 25 |
Expansion Plans |
US Expansion |
- | Yes |
Canada Expansion |
- | - |
International Expansion |
- | - |
Company Overviews
About Smoothie Factory
Smoothie Factory - A Fresh Concept in Franchising!
Smoothie Factory is a leader in today's growing $2 billion juice and smoothie bar industry. Founded by an Olympic athlete, Smoothie Factory meets the ever increasing demand for healthier options to traditional fast food. We believe in the simple concept of providing guests with reasonably priced smoothies, non-fat frozen yogurt and other healthy snacks served quickly in attractive, clean, pleasant surroundings every day. In addition to our great food product, our stores retail value priced dietary supplements enabling the franchisee to have multiple revenue sources under one roof. Smoothie Factory has established over 70 locations nationwide, along with international licenses in China and Vietnam, with a brand that has become recognized for excellence in service, product and value.
Smoothie Factory Franchise Opportunity.
Smoothie Factory's most impressive benefit, perhaps, is its desire to continually enhance its franchising system, interior design and image. The result has been a solid, unbroken track record of success, and a company poised for rapid expansion - an unparalleled blend of vision, product offerings and a franchise opportunity that's just right for forward-thinking entrepreneurs.
In addition, an unwavering commitment to value on nutritional products continues to be an ingredient in our recipe for success. In fact, we sell nutritional products too, for less, every day, at 30%-50% off MSRP, making our franchise community a leader in nutritional product sales.
The total investment necessary to begin operation of a Smoothie Factory' Store ranges from $257,000 to $365,700. This includes the
$42,000 that must be paid to the franchisor or an affiliate.
The total
investment necessary to begin operation of a Smoothie Factory'
Non-Traditional Store ranges from $141,500 to $305,000. This includes
the $27,000 that must be paid to the franchisor or an affiliate.
The
total investment necessary to begin operation of a Smoothie Factory-RED
MANGO Co-Branded Traditional Store ranges from $309,000 to $424,500.
This includes the $47,000 that must be paid to the franchisor or an
affiliate.
The total investment necessary to begin operation of a Smoothie Factory' Non-Traditional Store Co-Branded with a Third-Party
Concept ranges from $75,500 to $189,500. This includes the $20,000 to
$27,000 that must be paid to the franchisor or an affiliate.
About Handel's Homemade Ice Cream
Handel's Homemade Ice Cream & Yogurt is a popular ice cream
company franchise founded by Alice Handel in 1945 in Youngstown, Ohio.
As of 2020, the company was operating 50 corporate and franchise stores
in nine states. Today, it is owned by Leonard Fisher and maintains a
corporate headquarters in Canfield, Ohio.
The total investment necessary to begin operation of a Handel’s
Franchise ranges from $234,500 to $714,500. This includes between
$170,000 and $230,000 that must be paid to the franchisor or their
affiliates.
The total investment necessary to operate multiple Parlors under a form
of area development agreement depends on the number of franchises the
franchisor grants you the right to open. The total investment necessary
to enter into a development agreement for the right to develop three
Parlors is $334,500 to $814,500, which includes an initial development
fee of $150,000 that is paid to the franchisor, and the total investment
to open and commence operations of your initial Parlor. Under the area
development agreement, the Development Fee is equal to $50,000 for each
Parlor that the franchisor will grant you the right to open and operate
under the Development Agreement.
#385 in Franchise 500 for 2020.