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Below is an in-depth analysis and side-by-side comparison of Icebox/Soupbox vs Ziiing Yogurt including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $69,500 - $174,500 | $165,636 - $506,600 |
Franchise Fee | $14,000 - $20,000 | $25,000 |
Royalty Fee | 4% | 6% |
Advertising Fee | - | 2% |
Year Founded | 1995 | - |
Year Franchised | 1998 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | Negotiable | - |
Business Experience Requirements |
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Experience | > Understanding and agreement with the Ziiing Frozen Yogurt concept of high standards, operations and customer service. > Desire and ability to participate and conform with our operating system. > An enthusiastic and entrepreneurial spirit. > Willingness to devote full-time efforts to this business. > A minimum net worth (for single-unit operators) of $350,000 with at least $75,000 to $100,000 liquid. > Consistent employment or business ownership history. > Working knowledge of accounting and financial reports. > Strong communication and organizational skills. > Management experience. | |
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 | - | 1-day orientation, then a week at our corporate office and corporate store. The last portion of training consists of a corporate approved trainer going to your location & being there with you & your staff during the first week of opening. |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Before opening his first store, Jamie Taerbaum stood outside a Baskin-Robbins store to figure out how many customers an ice cream store could expect at different times of day, on different days of the week, and in different weather conditions. Armed with this research, the young business school graduate opened the original Icebox/Soupbox store in 1995 in Chicago.
In the spring and summer, Icebox operates as a retailer of Icyfruit, a mixture of fruit juice, sugar, water and chunks of fruit that comes in 20 flavors. Throughout the fall and winter, it becomes a Soupbox store, offering a wide variety of soups.