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Below is an in-depth analysis and side-by-side comparison of 16 Handles vs Farrell's Ice Cream Parlour including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $274,500 - $735,000 | N/A |
Franchise Fee | $30,000 | N/A |
Royalty Fee | 6% | - |
Advertising Fee | 2% | - |
Year Founded | 2008 | 1963 |
Year Franchised | 2010 | 2014 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 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 | - | - |
International Expansion | Yes | - |
If you've ever been to a Farrell's Ice Cream Parlour Restaurant, you know what makes us really special and sets us apart from other great businesses is our TEAM! And we would really like for you to be a part of it. Farrell's Cast Members all have fun personalities and enjoy a crazy, zany, whacky atmosphere. Every Cast Member, including hosts, servers, ice cream artisans to bussers, dishwashers and cooks, are able to deliver and promote "Disney" like service. We call it, "Happy-itis". If you have seen our appearances on The Food Network, then you know we are serious about our food, ice cream and creating great lifetime memories for our guests. If this sounds like you, and you are looking for a company that's growing and offers possible ground floor promotion, then we would love to talk to you about joining our team.