|
Below is an in-depth analysis and side-by-side comparison of Cold Stone Creamery vs BerryLicious Frozen Yogurt including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $50,200 - $467,525 | $100,000 - And Up |
Franchise Fee | $15,000 - $27,000 | $25,000 |
Royalty Fee | 6% | - |
Advertising Fee | 3% | - |
Year Founded | 1988 | - |
Year Franchised | 1994 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
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 | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
||
Training | Franchising with Cold Stone Creamery® means you’ll never be alone in your business. As one of the world’s premier ice cream franchises, Cold Stone Creamery’s support network has launched hundreds of entrepreneurs without any experience in either the service industry or the restaurant industry into growing businesses in communities across the country and around the world. “Cold Stone Creamery has one of the most robust training platforms in the entire franchise industry,” says John Wuycheck, SVP of Franchise Development. “Our franchisees make real investments of both time and money to franchise with Cold Stone Creamery, and we honor that by going above and beyond in providing an exceptional initial and ongoing training platform. We’ve been helping entrepreneurs establish new Cold Stone Creamery businesses for a long time, and we’ve built an iconic business model that requires no previous experience to become a top performer. As a franchisor, we’re honored to report that franchisee satisfaction is at an all-time high.” Initial New franchisees attend KTEC (Kahala Training and Education Center). In addition, new franchisees spend two weeks in a store where we cover every aspect of their new business, including making the ice cream, preparing and serving Cold Stone Creamery products, managing inventory and supporting their business through savvy marketing. On-The-Job New franchisees spend 80 hours in a store to learn the ins and outs of the business, including how to correctly prepare and serve the brand’s products. Cold Stone Creamery also hosts monthly check-ins to help you meet your goals, to offer assistance and to ensure you have all the tools necessary to improve your business every day. | Corporate: Training at the Corporate Headquarters Covers all Administrative Duties Sales and Marketing Employee Management Berrylicious' Leadership Skills The "Service Mindset" Understanding the Products and Toppings Finding the right Location Field: Training in the Field at Your Location Territory based Experience Sales and Marketing New Business Development Assistance with Management |
Support | Cold Stone Creamery will meet with you regularly to help you and answer any of your questions. Every new franchisee receives monthly check-in calls from a Regional Director of Operations or Area Developer. | Provides a complete training and support program to franchise partners. The benefit of joining Berrylicious as a franchisee is that you get to skip the learning curve of starting a new business. By providing you with many years of business experience and coaching, you can avoid the pitfalls and mistakes that typically plague a new business. Use our experience in the Frozen Yogurt field to gain an understanding for the business model, industry and how to take the first steps in building your future. Field Support: Phone Training and Ongoing Support Webinars 24/7 Service to Franchisees Berrylicious' Dedication to the "Family" |
Marketing | Cold Stone Creamery franchisees have access to in-house marketing and public relations teams, which significantly reduces expenses. These teams help with national, regional and local marketing, along with public relations from the grand opening through the life of the business. We train franchisees to manage their stores’ social media accounts, including Facebook®, Twitter® and Instagram® -" and newer platforms such as Snapchat® | We have a local and regional marketing programs depending on your area that will be implemented to generate business and drive customers into your location. The Berrylicious' franchise system has a proven marketing and business development system that you will benefit from and have the ability to build a customer base in a short time period. The beauty of the Berrylicious' business model is that with great frozen yogurt product and great service, your customers will continue to come back for more and you will find a large percentage of your customers are repeat customers which require no additional marketing dollars to keep coming into your location! |
Operations |
35% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
Founders, Donald and Susan Sutherland, have an energy for frozen yogurt! They scanned wherever for frozen yogurt that was "smooth and rich", instead of the customary hard-pressed or delicate serve assortments. In 1988, in the wake of coming up purge in their hunt, they opened the primary Cold Stone Creamery in Tempe, Arizona. Utilizing just the finest fixings, the Sutherlands delivered the most elevated quality frozen yogurt accessible - making it crisp every day in their store. Each dessert creation was then made to arrange for every client by mixing in blend ins on a solidified rock stone (the Cold Stone!), and served in a crisp prepared waffle cone. Word soon spread far and wide among frozen yogurt significant others that Cold Stone Creamery's dessert was the best, and the upheaval started! In 1995, the main establishment store opened in Tucson, Arizona, trailed by the first out-of-state store in Camarillo, California.
The establishing store of Cold Stone Creamery opened in 1988
We've been granting establishments since 1994
About 1,000 stores working in the U.S. also, almost 300 stores around the world
U.S. Domains Currently Open
Single and Multi-Unit Deals Available
Normal time to open is 6-12 months
Co-marking Opportunities Available
The Numbers You Need to Know
$27,000 establishment fee*
$250,000 total assets
$100,000 fluid, non-financed stores
Add up to beginning speculation - $50,200 - $467,525
*
Sovereignty expense - 6% of gross deals
Publicizing expense - 3% of gross deals
*This charge is for a customary area and does exclude any rebates that might be appropriate. Distinctive expenses may apply for different sorts of areas. More nitty gritty venture data is accessible in the Franchise Disclosure Document (FDD).
The Buzz About Our Brand
#53 on the 2013 "Establishment 500®" rundown in Entrepreneur® magazine
#19 on the 2013 "Worldwide 30" list in QSR® magazine
#46 on the 2012 "Top Global Franchises" list in Entrepreneur magazine
#49 on QSR magazine's 2011 "QSR Top 50" positioning
#54 on the 2011 "Establishment 500" rundown in Entrepreneur magazine
#49 on Franchise Direct's® "Best 100 Global Franchises" list for 2011
It's Time You Get the Opportunity to Be Successful The Key to success in any business is your knowledge and understanding for the service and products you provide. BerryLicious Frozen Yogurt has a complete program to introduce you to the frozen yogurt industry and help you get your business started ahead of the curve. For one week, you will come to the BerryLicious headquarters and learn the processes, techniques and business systems that have helped the concept become so successful. Our goal is to have you start your business and feel like you have been in the industry for years. We have the tools and processes to get you there. We don't stop at corporate training; our support goes into the field as well and comes to your location. We will come to your location for one week as part of the franchise start up to work with you and make sure you have the business up and running as you would like. You will be given the tools and guidance needed to not only start this business, but to have the confidence and direction needed to become a market leader in the frozen yogurt industry. Our Franchisees are our number one priority and you can expect the highest level of care possible from our management team. The Berrylicious Frozen Yogurt franchise is designed for today's professional who is interested in joining the bustling frozen yogurt industry with a proven and effective business system. Lean, profitable, rapid growth and a market that continues to explode with opportunity combine to make this industry one of the best opportunities for growth in the marketplace today. Benefit from decades of management experience in business and years of work in the Frozen Yogurt field. You have the opportunity to build your own business with the support and guidance of industry professionals so you never feel like you are in business by yourself but rather with a team who has been through this many before. The Berrylicious team is here for you when you make the decision to start your own business! We offer: Corporate Training Program National Accounts Established Name Experienced Mentor Field Training Hiring Assistance Proven Sales and Marketing Formula