|
Below is an in-depth analysis and side-by-side comparison of Abbott's Frozen Custard vs Forever Yogurt including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $332,254 - $571,634 | $240,000 - $478,450 |
Franchise Fee | $37,000 | $40,000 |
Royalty Fee | 5.5% | 6% |
Advertising Fee | 0.19Cents/Gal. | 2% |
Year Founded | 1902 | 2010 |
Year Franchised | 1977 | 2012 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 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/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | 3 days at Scoop School and 10 days of on-site training at your location, where we teach you everything you need to know to operate and manage an Abbott's Frozen Custard store. | Hands-on training at our corporate office, become a froyo expert. On-The-Job Training: 1-3 days Classroom Training: 1-2 weeks |
Support | Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Security/Safety Procedures Field Operations |
Marketing | Co-op advertising, Ad slicks | Co-op Advertising Ad Templates National Media Regional Advertising |
Operations |
Number of employees needed to run franchised unit: 4 - 6
Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | Absentee Ownership Allowed |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |
Forever Yogurt is growing! This young and fun company is an award-winning, leading brand in the industry. With high grossing stores and low overhead, don't miss out on franchising in the US or internationally with Forever Yogurt. We are currently seeking national and international multi-unit owners with exclusive territory rights, and single-unit franchise owners.