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Below is an in-depth analysis and side-by-side comparison of FreshBerry vs Yogurt Lab including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $170,750 - $392,200 | $313,500 - $557,000 |
Franchise Fee | $25,000 | $35,000 |
Royalty Fee | 6% | 6% of Gross Revenues |
Advertising Fee | - | 1% local |
Year Founded | 2007 | 2011 |
Year Franchised | 2007 | 2013 |
Term Of Agreement | 20 years | 10 years |
Term Of Agreement | 20 years | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | FreshBerry actively searches for candidates with a strong background in business management. | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | 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 | The FreshBerry franchising system is a step-by-step method for developing your own business. Whether you are a beginning developer or a seasoned restaurateur the support system will hold your hand from the beginning of site selection, through architecture and construction phases, to management training and Grand Opening. During each phase of the opening process the FreshBerry corporate staff assists you with each task's successful completion. You have daily contact with corporate through email support and phone support. The FreshBerry Management Training program is a twelve day comprehensive management course, covering every aspect of ownership and management. Ongoing support focuses on communication with daily email communications from operations and marketing at the corporate headquarters, and 7 day a week phone support. FreshBerry Franchise System hosts an annual Marketing Conference and annual Franchisee Convention. The FreshBerry Franchise System philosophy views their franchisees as their customers--exceeding their expectations is a daily goal. By focusing on communication and committing to excellence FreshBerry Franchise System dedicates themselves to the success of their franchisees. | - |
Marketing | FreshBerry will have available for the franchisees a complete Grand Opening and on going Local Store Marketing program. | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | - | - |
International Expansion | - | - |
The franchise system includes: A. Owning and operating an assigned FreshBerry, use of the brand name, trademarks, recipes, operational systems and methods, and decor. Additionally, you will receive support in these specific areas: * Facility planning on site location and architectural design * Specifications for fixtures, equipment, and leasehold improvements * Assistance in site selection and lease negotiation * Corporate training for Owner/Operator and Director of Operations/General Managers * Kitchen/ Back of the House Workflow design * Ongoing support from members of the Training and Operations Team * Ongoing updates for increasing profitability * Products with high industry demand * Efficiency in all systems * Favorable national contracts with suppliers of goods and services * Operating manuals, policies, procedures, and business management systems