FROOTS Fresh Smoothies Salads & Wraps vs 16 Handles Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of FROOTS Fresh Smoothies Salads & Wraps vs 16 Handles including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
FROOTS Fresh Smoothies Salads & Wraps Franchise
16 Handles Franchise
Investment $87,600 - $316,750$274,500 - $735,000
Franchise Fee $20,000$30,000
Royalty Fee 6%6%
Advertising Fee 2%2%
Year Founded 20012008
Year Franchised 20042010
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee -10% of the then franchise fee


Business Experience Requirements
 
FROOTS Fresh Smoothies Salads & Wraps Franchise
16 Handles Franchise
Experience
  • General business experience Goal oriented Understands that marketing will strive their business. Ability to multi task and pay attention to detail
    		• Experienced business people, franchisees, and multi-unit operators

    Financing Options
     
    FROOTS Fresh Smoothies Salads & Wraps Franchise
    16 Handles Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/Yes
    Start-up Costs No/YesNo/Yes
    Equipment No/YesNo/Yes
    Inventory No/NoNo/Yes
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    FROOTS Fresh Smoothies Salads & Wraps Franchise
    16 Handles Franchise
    Training On-The-Job Training: 1 week Classroom Training: 16 hours Additional Training: At Froots corporate store 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 Froots offers you a complete support team. We work with each of our franchisees personally throughout the start-up process. This ensures that you are provided with everything necessary to properly launch your business. Including, but not limited to, everything from site selection to marketing support. Our training consists of 23 days in a corporate training program and 80 hours of Grand Opening Support Ongoing Support Purchasing Co-ops Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations 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 Co-op Advertising Ad Templates National Media-
    Operations 50% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 9

    Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators)

    		A Franchise Business Consultant will be assigned to your store to assist with all business operations

    Expansion Plans
     
    FROOTS Fresh Smoothies Salads & Wraps Franchise
    16 Handles Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion YesYes

    Company Overviews

    About FROOTS Fresh Smoothies Salads & Wraps

    FROOTS has been set up with the first time franchisee in mind. If you have never owned a franchise before, the questions below can help you determine if you are ready for the responsibility of such an endeavor.
    Who is going to operate the restaurant on a day-to-day basis?
    If it will be self-operated, have you committed to this being your full-time job and your full-time income stream?
    If a Manager will be hired, has a manager been identified that has a legitimate stake in the success of your business?
    If you are currently employed and are planning on leaving to own and operate your Froots, have you at least made your decision to quit your current job?
    If so, when are you planning on quitting?
    Have you determined exactly where the money for the total development costs will come from to open the store?
    Have you determined exactly how much of your own money you will invest in this endeavor?
    Is the money you are going to invest available to use immediately?
    Do you have the adequate cash reserves to manage through the start-up phase of your restaurant?
    Will you have partners in this endeavor? If so, have you defined exactly how much each partner will be contributing and what their roles will be?
    Do all partners agree on moving forward? Are all partners ready to contribute their portion of the investment?
    Have you discussed this opportunity with everyone that will be involved in your household?
     Does 100% of your household and any additional family members support your decision to own and operate a Froots?
    Are you 100% comfortable with the site you have selected or the trade area in which you will locate the store?
    Do you fully understand the franchise agreement and are you ready to abide by all of the Froots system standards as set forth in the franchise agreement?
    Have you completely analyzed Froots and do you feel that the Froots brand meets your personal and business objectives as a brand?
    We hope that this list of questions will help you address the most important issues that you will need to clarify before realizing your dream of owning a Froots Franchise. We are here to help you address many of the above issues and answer as many of your questions as possible. Since many of the above issues carry a different weight with each individual, we encourage you to address each of them as it relates to your personal situation.

    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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