16 Handles vs Tikiz Franchise Comparison

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

Start-Up Costs and Fees
 
16 Handles Franchise
Tikiz Franchise
Investment $274,500 - $735,000$132,500 - $146,000
Franchise Fee $30,000$20,000
Royalty Fee 6%-
Advertising Fee 2%-
Year Founded 20082011
Year Franchised 20102012
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 10% of the then franchise fee-


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

Financing Options
 
16 Handles Franchise
Tikiz 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
 
16 Handles Franchise
Tikiz 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
 
16 Handles Franchise
Tikiz Franchise
US Expansion Yes-
Canada Expansion --
International Expansion Yes-

Company Overviews

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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About Tikiz

The Tikiz Truck was designed from the ground up to be a one-of-a-kind eye catching shaved ice and ice cream truck. During the conceptual stages of building the Tikiz truck, there were no limits on the custom components placed on and in the truck to make sure it was the wildest, most appealing shaved ice and ice cream truck someone would ever see. Some of the key features include: Brand New Ford heavy-duty chassis and truck body Self serving, patent-pending "Surv-Board" where customers can dispense their own custom fruit syrup creations An exotic highly visible Hawaiian beach themed vehicle wrap Custom real surf board lighted signs No generators. Everything runs from high output batteries that charge over-night or from the trucks alternator Top of the line high output Ice Shaver. Produces 400 to 600 small shaved ice within an hour Custom built stainless steel and aluminum cabinets, quality refrigeration equipment, advanced electronic gauges, self contained water system & more Aftermarket custom 20" inch chrome wheels with specialty fire design tires Inviting tropical steel drum music playing on an exterior Bose speakers Custom HID headlight bulbs, LED strobe lights and under truck neon lights bring major attention to the vehicle at night 20' tall Air Dancer inflatable Tikiz character for use at special events, parties and FUNdraisers Many More Exciting Features!