Red Mango vs Let's Yo Yogurt Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Red Mango vs Let's Yo Yogurt including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Red Mango Franchise
Let's Yo Yogurt Franchise
Investment $194,200 - $500,900$355,800 - $548,500
Franchise Fee $27,000 - $42,000$45,000
Royalty Fee 6%6%
Advertising Fee 3%-
Year Founded 20062011
Year Franchised 20072011
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee --


Business Experience Requirements
 
Red Mango Franchise
Let's Yo Yogurt Franchise
Experience Ideal Traits for a Red Mango Frozen Yogurt Franchisee Strong leadership skills and a genuine love of people Energetic and driven to succeed Ability to work well within a system A passion for improving your local community Someone who recognizes the value of a healthy lifestyle and has a strong desire to share healthy choices with others A strong focus on customer happiness and satisfaction Previous restaurant experience is helpful, but not required Experience building a great team -

Financing Options
 
Red Mango Franchise
Let's Yo Yogurt Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/Yes-/-
Equipment -/Yes-/-
Inventory -/Yes-/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Red Mango Franchise
Let's Yo Yogurt Franchise
Training We offer extensive training for both franchisees and crew members. By opening day, you and your team will be confident and ready to make your customers happy! On-The-Job Training: 7 days Classroom Training: 12 days Additional Training: At certified training store

At our training facility our franchisees and managers learn how to successfully operate a Let's YO store. The training is an intensive series of onsite workshops, online courses and hands-on training. Attendees receive personalized, hands-on training from a dedicated team of Let's YO Education and Training specialists. Not only do our franchisees learn how to make our famous treats, they learn how to exceed guest service expectations and deliver quality guest service. The training facility also includes a fully-functioning Let's YO retail location with inside seating and service that is open to the public year round. The training facility is open to all Let's YO, and provides an excellent model of future Let's YO stores that features the latest design Let's YO features and key elements.

Support Full support of a highly experienced team that assists locations all over the United States (and even some parts of Central and South America). When it comes to the frozen yogurt business, we’ve seen it all and as a franchisee, you’ll be able to leverage our experience and knowledge to help build your business into something you and your community can be proud of. Newsletter Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations

Real Estate This is the beginning of your Site Search as a Let's YO franchisee. You will be teamed with a Let's YO Real Estate Manager who will work with you to determine the best possible location for your new store. Your Real Estate Manager is designated to your area and will visit your site, research Demographics, market characteristics, and analyze the proposed location to determine that your site can be submitted to Let's YO Site Approval Committee. Our Committee meets weekly in order to determine the most viable location for your Let's YO store. We will also assist you with your negotiations, Rental Offer/Letter of Intent (LOI), and Lease Agreement signing. By utilizing local brokers, defining the intentions between the landlord and the tenant, outlining the basic provisions of your lease, and reviewing any contingencies. Let's YO supports you through the Real Estate process. We are committed to identifying the best opportunity for you in your area of development. With your partnership we will continue our strategy for expansion and to build the Let's YO franchise brand! Construction During this next step, a Project Manager from Let's YO Construction Team will work closely with you. Our Project Managers handle every property from the time the site is identified to the time that the store opens. We provide support during the design and permitting phase prior to the start of construction, and we manage Contractors and Vendors while holding everyone involved in the process to Let's YO standards. Our experienced Construction Team has experience in working with all types of Real Estate from Free Standing, to Strip Centers, to renovated buildings. Your Project Manager will provide you with Let's YO approved floor plan, cost estimate, scope of work, and your equipment list. Let's YO Construction Team is here to ensure this process runs smoothly and efficiently while adhering to the Let’s YO Franchise System standards. Operations Support Dedicated field staff will visit your store to help strategize, build and execute your plan on a local level. Our operations team includes a number of professionals with wide-ranging food service expertise who function as your business consultant. These experts can assist with everything from sharing best practices, hitting P&L goals, engaging your team members, customer service, human resources, understanding trade areas and local store marketing. New Store Opening Support Through every aspect of the exciting but challenging opening process, the Let's YO team will assure that your store's opening is truly grand.

Marketing Ad Templates

We fully support you with strong marketing and advertising programs, along with a complete package of communication and brand tools. Working from a solid brand and sales growth strategy, our team of marketing veterans will develop and manage all system wide tactics as well as assist you with specific ways to promote your store locally.
Operations Absentee Ownership Allowed

Number of Employees Required to Run: 10

-

Expansion Plans
 
Red Mango Franchise
Let's Yo Yogurt Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About Red Mango

MAKE A REAL IMPACT
  Red Mango is virtually the only franchise brand that is committed to providing genuinely nutritious and delicious products. We serve our authentic frozen yogurt in an inviting retail environment that attracts customers and employees
 JOIN A REAL GROWTH OPPORTUNTY
  Red Mango's simple operation, small footprint, relatively low investment cost and rapidly growing product category create a powerful business opportunity. With the support of some of the franchise community's most respected investors and executives, Red Mango has established itself as one of America's fastest growing new brands.

Seeking new franchise units in Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, Central America, Mexico, South America    

There are existing master franchises in Mexico, El Salvador, and Uruguay but territory is available in Canada, the Carribean, and throughout South America for experienced, qualified operators. For territories in Asia, Europe, and Africa we will refer you to Red Mango International which is operated out of South Korea.
 
The total investment necessary to begin operation of a Traditional Store ranges from $321,700 to $500,900. This includes the $42,000 that must be paid to the franchisor or an affiliate. The total investment necessary to begin operation of a Non-Traditional Store ranges from $194,200 to $386,100. This includes the $27,000 that must be paid to the franchisor or an affiliate. The total investment necessary to begin operation of a RED MANGO�"HUMBLE DONUT CO. Co-Branded Traditional Store ranges from $443,700 to $570,400. This includes the $42,000 that must be paid to the franchisor or an affiliate. The total investment necessary to begin operation of a RED MANGO Store Co-Branded with a Third Party Concept ranges from $117,700 to $259,100. This includes the $20,000 to $27,000 that must be paid to the franchisor or an affiliate. If you are acquiring development rights under the standard store development program, the franchisor requires a commitment to develop at least two Stores. At the time you sign the Store Development Agreement, you will pay the franchisor a development fee equal to the initial franchise fees due for the Stores you commit to develop. For example, if you commit to develop two RED MANGO Stores (assuming that neither the military veteran’s program nor the qualified existing franchisee discount applies), the minimum development fee will be $30,000 + $20,000 = $50,000. If both of your stores are RED MANGO Non-Traditional Stores (assuming that the military veteran’s program discount does not apply), then the minimum development fee will be $15,000 + $15,000 = $30,000.

About Let's Yo Yogurt

Irresistible delectable treats is just one component of the Let's YO yogurt experience. The Let's YO brand has been carefully developed to appeal to health conscious and trend-forward customers with active lifestyles. We're developing a strong brand loyalty among our growing guest base through interactive marketing programs and social media outreach. The hip, energetic and socially connected store environment adds yet another dimension to Let's YO's distinctiveness among traditional yogurt stores. Its time to join a real growth opportunity! Let's YO is quickly establishing itself as one of fastest growing new franchise brands in the Fro-Yo industry and has a plan for success that includes expanding this hot new brand nationwide! The simple operation of this rapidly growing product category and relatively low investment, allows you to be an investor inside your store, not an operator. With territories now open for expansion throughout the U.S. the timing has never been better to invest in a Let's YO yogurt franchise! If you are interested in taking the next step to find out if a Let's Yo Yogurt franchise could work for you, please fill in the form below.