|
Below is an in-depth analysis and side-by-side comparison of Strickland's vs Yogurt Lab including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $188,500 - $315,000 | $313,500 - $557,000 |
Franchise Fee | $25,000 | $35,000 |
Royalty Fee | 6% | 6% of Gross Revenues |
Advertising Fee | - | 1% local |
Year Founded | 1936 | 2011 |
Year Franchised | 2002 | 2013 |
Term Of Agreement | 15 years | 10 years |
Term Of Agreement | 15 years | 10 years |
Renewal Fee | $500 | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
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 |
||
Training | We conduct an intensive, one-week training session at our Akron, Ohio headquarters or at our Irvine, California franchise location, depending on where you live. You will gain both "back office" and in-store experience covering all aspects of operating a Stricklands Ice Cream franchise. In addition, we provide 3-5 days of onsite supportand training at your location during your grand opening week. We also provide our Franchisees a comprehensive Franchise Operations & Policies Manual, which provides detailed information concerning the development, opening and ongoing operation of your Stricklands Ice Cream franchise. | Before you open your Store, we will train you and one of your manager-level employees to operate a YOGURT L AB Store. We will provide approximately eight days of training (although the specific number of days depends on our opinion of your experience and needs) in Minneapolis, Minnesota, or another location we designate. You must attend the entire training program. Additional people beyond the first two may attend initial training if you pay our then- current training charge for each additional person (currently $500 per person per day). You also must pay for all travel and living expenses that you and your employees incur and for your employees' wages and workers' compensation insurance while they attend our initial training program. Training will occur after you sign the Franchise Agreement and while you are developing the Store. You and your attendees must complete the entire training program to our satisfaction before you may open your Store |
Support | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
A Deliciously Different Ice Cream Store Franchise!
Welcome to a franchise opportunity that can only be described as "deliciously different." With a history and tradition dating back to 1936, Stricklands has been a thriving, dynamic business in the greater Akron, Ohio area for generations. Our award-winning homemade ice cream is legendary and unlike any other ice cream in the industry.