Tropical Smoothie Cafe vs I Can't Believe It's Yogurt Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Tropical Smoothie Cafe 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

 
Tropical Smoothie Cafe Franchise
I Can't Believe It's Yogurt Franchise
Investment $198,500 - $543,500$110,000 - $203,000
Franchise Fee $30,000$15,000
Royalty Fee 6%0
Advertising Fee 3%2.3%
Year Founded 19971977
Year Franchised 19981983
Term Of Agreement 15 years10 years +10
Term Of Agreement 15 years10 years +10
Renewal Fee --


Business Experience Requirements

 
Tropical Smoothie Cafe Franchise
I Can't Believe It's Yogurt Franchise
Experience Hands on management preferred, restaurant experience preferred (but not required), ability to follow a business system, financial capabilities, general business acumen, ability to work well in a team environment, and passion!!!-

Financing Options

 
Tropical Smoothie Cafe Franchise
I Can't Believe It's Yogurt Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/Yes-/-
Start-up Costs No/Yes-/-
Equipment No/Yes-/-
Inventory No/Yes-/-
Receivables No/Yes-/-
Payroll No/Yes-/-

Training & Support

 
Tropical Smoothie Cafe Franchise
I Can't Believe It's Yogurt Franchise
Training We believe in setting up our franchisees for success. We provide the following training: four-week training program, consisting of two weeks in a nearby Cafe, one week in a classroom setting at our Support Center in Atlanta, Georgia and one week onsite for your Grand Opening. 1. Corporate Headquarters 10 Days 2. Store 1 Week
Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform-
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app-
Operations Tropical Smoothie Cafe has a very simple business operation since we do not utilize any fryers, grills, hooding systems or serve alcohol in the cafe.

Absentee Ownership Allowed

Number of Employees Required to Run: 10 - 20

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

Passive Ownership: Allowed, But Discouraged


Expansion Plans

 
Tropical Smoothie Cafe Franchise
I Can't Believe It's Yogurt Franchise
US Expansion YesYes
Canada Expansion No-
International Expansion YesYes

Company Overviews

About Tropical Smoothie Cafe

Tropical Smoothie Cafe offers genuine natural product smoothies, wraps, sandwiches, flatbreads, and servings of mixed greens. Our more beneficial decisions are what today's customers request and search out. Maybe that is the reason in 2015, the main half of our franchisees had normal gross offers of $806,920*.

Our main goal is to motivate a more beneficial way of life by serving astounding smoothies and nourishment with a touch of tropical fun. On the off chance that you play to win, contribute well and turn into a Tropical Smoothie Cafe Franchise Owner at this point!

*Based on date-book year 2015, 77 of 359, or 21.4%, of the Cafes picked up or outperformed this business level. This data shows up in Item 19 of our Franchise Disclosure Document. Your outcomes may vary. There is no confirmation that you will do also.

The total investment necessary to begin operation of a single-unit Tropical Smoothie Cafe franchise ranges from $198,500 to $543,500. This range includes $37,500 that must be paid to the franchisor, consisting of a franchise fee of $30,000 and a grand opening marketing contribution of $7,500.
If a franchisee chooses to develop multiple units, a $20,000 franchise fee must be paid to the franchisor for the second and each additional unit.
Veteran Incentives  50% off franchise fee
"Top               "Entrepreneur
#3 in Gator's Top franchises.
#18 in Franchise 500 for 2020.
#14 in Franchise 500 for 2021.





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.