FROOTS Fresh Smoothies Salads & Wraps vs I Can't Believe It's Yogurt Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of FROOTS Fresh Smoothies Salads & Wraps vs I Can't Believe It's Yogurt 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
I Can't Believe It's Yogurt Franchise
Investment $87,600 - $316,750$110,000 - $203,000
Franchise Fee $20,000$15,000
Royalty Fee 6%0
Advertising Fee 2%2.3%
Year Founded 20011977
Year Franchised 20041983
Term Of Agreement 10 years10 years +10
Term Of Agreement 10 years10 years +10
Renewal Fee --


Business Experience Requirements

 
FROOTS Fresh Smoothies Salads & Wraps Franchise
I Can't Believe It's Yogurt Franchise
Experience
  • General business experience Goal oriented Understands that marketing will strive their business. Ability to multi task and pay attention to detail
  • -

    Financing Options

     
    FROOTS Fresh Smoothies Salads & Wraps Franchise
    I Can't Believe It's Yogurt Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support

     
    FROOTS Fresh Smoothies Salads & Wraps Franchise
    I Can't Believe It's Yogurt Franchise
    Training On-The-Job Training: 1 week Classroom Training: 16 hours Additional Training: At Froots corporate store 1. Corporate Headquarters 10 Days 2. Store 1 Week
    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 -
    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)

    Average Number of Employees: 2 Full-time, 6 Part-time

    Passive Ownership: Allowed, But Discouraged


    Expansion Plans

     
    FROOTS Fresh Smoothies Salads & Wraps Franchise
    I Can't Believe It's Yogurt 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 I Can't Believe It's Yogurt

    Through nearly 5,000 franchises, CoolBrands International Inc., formerly known as Yogen Fruz World-Wide, Inc. sells frozen yogurt and ice cream, including I Can't Believe It's Yogurt, in Canada, the United States, and 80 other countries worldwide.


    Read more: https://www.referenceforbusiness.com/history2/8/CoolBrands-International-Inc.html#ixzz6sXAAkdGS
    Traditional Franchises: We are actively looking for single store franchisees in over 20 countries. Development Agreements: On a selective basis, we enter into Master Franchise exclusive development agreement with companies who are interested in bringing the I Can't Believe It's Yogurt experience to new markets. We are actively looking for master franchisees for any country worldwide and most States in the USA.
     
    I Can't Believe It's Yogurt is committed to developing innovative new products prompting customers to return again and again - keeping I Can't Believe It's Yogurt ahead of the competition, constantly refreshing the business with new flavors.