Shave It Inc vs 16 Handles Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Shave It Inc vs 16 Handles including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Shave It Inc Franchise
16 Handles Franchise
Investment $170,000 - $365,000$274,500 - $735,000
Franchise Fee $35,000$30,000
Royalty Fee 5%6%
Advertising Fee 2%2%
Year Founded -2008
Year Franchised -2010
Term Of Agreement -10 years
Term Of Agreement -10 years
Renewal Fee -10% of the then franchise fee


Business Experience Requirements
 
Shave It Inc Franchise
16 Handles Franchise
Experience -Experienced business people, franchisees, and multi-unit operators

Financing Options
 
Shave It Inc Franchise
16 Handles Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/-No/Yes
Start-up Costs -/-No/Yes
Equipment -/-No/Yes
Inventory -/-No/Yes
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Shave It Inc Franchise
16 Handles Franchise
Training -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 -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 --
Operations -A Franchise Business Consultant will be assigned to your store to assist with all business operations

Expansion Plans
 
Shave It Inc Franchise
16 Handles Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Shave It Inc

Karen Bain and Lisa Kudirka, with a half-dozen kids between them and a shared passion for shave ice, decided to make shave ice hip and trendy. They started small at school fundraisers where their creations were such an overwhelming hit, that it encouraged them to "jump in" and "Go Big or Go Home". Soon thereafter, the first Shave It store was launched in Southern California. Shave It was an immediate hit with lines out the door that continue to this day. "Going Big" not only meant launching one new concept, it meant two. The Shave It Mobile Ice Van debuted six months later, giving them the unique ability to drive to their customers. Next on the list came the creation of a charitable foundation, Foster a Miracle, a never-ending fundraising network that grants wishes to foster children with Shave It store revenue. Somehow knowing that a small portion of your Shave It will go to Foster a Miracle makes that Shave It melt your heart, while it melts in your mouth. Today Shave It is taking it to the next level...Franchising. The Shave It concept is on fire!

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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