16 Handles vs Sloan's Ice Cream Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of 16 Handles vs Sloan's Ice Cream including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$274,500 - $735,000 | $587,952 - $896,600 |
Franchise Fee |
$30,000 | $40,000 |
Royalty Fee |
6% | 6% |
Advertising Fee |
2% | 1% Nat'l |
Year Founded |
2008 | 1999 |
Year Franchised |
2010 | 1999 |
Term Of Agreement |
10 years | 5 years |
Term Of Agreement |
10 years | 5 years |
Renewal Fee |
10% of the then franchise fee | - |
Business Experience Requirements |
Experience |
Experienced business people, franchisees, and multi-unit operators | - |
Financing Options |
|
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 |
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 | The initial training covers all material aspects of the operation of a Sloan's franchise and is comprised of classroom and on-the-job training. |
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 |
US Expansion |
Yes | Yes |
Canada Expansion |
- | No |
International Expansion |
Yes | - |
Company Overviews
About 16 Handles
The 16 Handles Brand is in High Demand.
Launched in 2008, 16 Handles was New York's first self-serve pay-by-weight frozen yogurt shop and is still #1 in the city. We give our customers complete and total control over their creation with 16 different frozen yogurts and over 50 different toppings, with a menu offering products like Fro-Yo Cakes, Mega Mixes (take home pints), Toppings to Go, Fro-Yo Sandwiches, Whip-Ups, Waffle Bowls and Cones, Fruit Smoothies, Fro-Yo Hot Cocoa, and more!
16 Handles also offers an eye-catching in-store design, innovative marketing, and an amazing customer experience. We currently have over 40 stores across the East Coast and 150 international stores in development.
Reasons to Invest!
- #1 Frozen Yogurt Franchise Listed In The 2014 Future 50, Technomic
- $780,915* AUV, Highest Among Our Competitors**
- Taste The Difference In Quality - Hand Crafted, Proprietary Products With Kosher, Vegan, and Gluten Free Options Available
Figures reflect averages for nineteen (19) stores as published under Item 19 of our 2014 Franchise Disclosure Document. As of December 31, 2013, we had twenty seven (27) Franchised Stores in operation, but only nineteen (19) of these Stores were open throughout the entire calendar year. We did not include the revenue figures for the eight (8) Franchised Stores that were not open for the entire 2013 calendar year, nor did we include the revenue figures for the Stores that are owned and operated by us and/or our affiliates. All of the franchisee information contained in Item 19 was provided to us by our franchisees through periodic reports required under the Franchise Agreement.
**Competitors being Yogurtland, Pinkberry, Menchie's, sweetFrog, Orange Leaf, Red Mango, and TCBY, according to their respective 2014 FDD's, Item 19
#72 on Franchise Rankings.com
About Sloan's Ice Cream
Since opening our first store in 1999, Sloan's has become an icon of Southern Florida for great ice cream and great fun. Our unmistakable look, terrific service and unforgettable ice cream have become a tourist attraction and a hot spot for local residents. While we think we have the greatest ice cream on the planet, what really differentiates Sloan's is the brand and systems that we have created to replicate the memorable experiences for all of our customers.
Sloan's has been the recipient of numerous awards for best luxury ice cream.
We are a family business and our franchisees can also be family businesses. Sloan Kamenstein created Sloan's out of a love of fine foods and sweets. As an accomplished chef and entrepreneur, Sloan still leads the company and is heavily involved in innovation, product development and growth.
Sloan's builds its customer following by providing what we believe to be the best service, best product and best atmosphere. Each store is impeccably designed to create an emotional response for kids and adults and keep them coming back.
Becoming a Sloan's franchisee gives you access to our brand, systems, training and support as you own and operate your very own Sloan's ice cream and candy store. You get:
*Sloan's logos, signage, designs and operational systems
*Buying power through our suppliers
*Site selection and build out assistance
*Extensive training in Florida at our headquarters and in our stores
*On-site assistance just prior and during the opening of your location
*An in-depth operations manual for every aspect of store ownership
*Marketing materials and marketing assistance
*Ongoing support site visits from Sloan's staff
*Unlimited access to our team via phone and email
We are dedicated to the personal and professional growth of our franchisees. The opportunity to own your own business without being alone has never been sweeter.