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Below is an in-depth analysis and side-by-side comparison of Rubyjuice Fruit and Smoothies 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 |
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Investment | $106,000 - $223,000 | $234,500 - $814,500 |
Franchise Fee | $20,000 | $50,000 |
Royalty Fee | 5.5% | 6% |
Advertising Fee | - | - |
Year Founded | 2000 | 1945 |
Year Franchised | 2003 | 1989 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 10% of current franchise fee | - |
Business Experience Requirements |
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Experience | - | 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 |
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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 |
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Training | - | On-The-Job Training: 120 hours Classroom Training: 4 hours |
Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures | Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection |
Marketing | Ad slicks | Ad Templates Social media Website development Email marketing |
Operations |
Number of employees needed to run franchised unit: 10 - 20
Absentee ownership of franchise is allowed. | Number of Employees Required to Run: 25 |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
Jack and Tracy Groot owned and operated a coffee bar in Holland, Michigan, when the location next door became available. To take advantage of the opportunity, the couple developed and opened Rubyjuice, offering quick-service smoothies, juices, sandwiches and salads. The menu includes a variety of nutritional supplements that customers may add to their smoothies. Rubyjuice began franchising in 2003.