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Updated RecentlyMr. Smoothie vs 16 Handles Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Mr. Smoothie vs 16 Handles including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $87,650 - $377,400 | $274,500 - $735,000 |
| Franchise Fee | $20,000 | $30,000 |
| Royalty Fee | 5% | 6% |
| Advertising Fee | to 2% | 2% |
| Year Founded | 1993 | 2008 |
| Year Franchised | 2001 | 2010 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 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/No | No/Yes |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/Yes |
| Inventory | No/No | No/Yes |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
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 | Newsletter, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | 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 | Ad slicks | - |
| Operations |
50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 6
Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) | 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 | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | Yes |
Company Overviews
About Mr. Smoothie
Ready to own TWO of the fastest Growing Franchise Concepts Under ONE Roof?
Then Mr. Smoothie & Frozen Yogurt may be the Franchise for YOU!
Mr. Smoothie, with over 26 years in business in 7 states, is the first Multi- State Franchise system to bring both:
Real Fresh Fruit Smoothies and Self Service Frozen Yogurt Under one Roof.
Since 1996, Mr. Smoothie has been serving the
Freshest and most delicious Smoothies, Juices and everyone’s favorite
frozen treats
Mr. Smoothie’s locations are where our customers "Work, Live and Play” helping to accommodate today’s hectic schedules and healthy lifestyles.
We continually work with our vendors to ensure our locations are supplied with the freshest and healthiest products while delivering the best value to our customers.
Mr. Smoothie’s locations are where our customers "Work, Live and Play” helping to accommodate today’s hectic schedules and healthy lifestyles.
We continually work with our vendors to ensure our locations are supplied with the freshest and healthiest products while delivering the best value to our customers.
Reqirements:
*Net worth of $200k and $50k liquid
*Real Estate, Design & Build Out Assistance
*All formats: Malls, Strip Centers, Airports & Universities
*Simple & Easy to Learn Operations
*On Site Training & Ongoing Store Support
*Menu items for everyone in the family and all throughout the day
*National Proprietary Food Vendor for bulk purchasing power
*Single Store, Multi-Unit and Area Developers welcomed
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
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