Cinnabon Franchise Opportunities, Revenue and Locations
HOW MUCH IS A CINNABON FRANCHISE?
Cinnabon has been dishing out deliciously served goodies for the past 25 years now and the company consistently seek for new partners who have the passion and the zeal to run a Cinnabon Bakery Franchise and also become a player in the dream of the company to expand and create lasting memories for their customers.
This article will be giving a detailed explanation on how to open a Cinnabon Bakery franchise.
INFORMATION ABOUT THE COMPANY
Cinnabon Bakery was established in the year 1985 and the company is dedicated to achieve success, especially with the help of their franchisees. Cinnabon Bakery is focused on the provision of world-class services and supports that is based on trust and respect.
Cinnabon Bakery have a presence in most malls throughout the world and each of their bakery serves freshly packaged cinnamon rolls, coffees and drinks as well as pecanbons.
IS CINNABON BAKERY A FRANCHISE?
Cinnabon Bakery has about 1,200 bakeries in about 56 countries of the world. They are mostly franchises operating under the Cinnabon brand. The first Cinnabon Bakery franchise opened in the year 1986. And since then, the company seems to have perfected their franchise model as there is every possibility of seeing a Cinnabon Bakery Shop in every standard mall across the world.
THE CINNABON BAKERY FRANCHISE OFFER
The company operates in the form of a retail bakery and are involved in the production and sales of freshly baked cinnamon rolls and other products. The Cinnabon Bakery franchise offer are of two types:
- Cinnabon Full Bakery: In this franchise offer, the franchisee is given the license to produce and sell a wide range of Cinnabon
- Cinnabon Express Bakery: In this franchise offer, the franchisee is only given the license to produce and sell a limited range of Cinnabon products.
BENEFITS OF BUYING A CINNABON FRANCHISE
- A franchisee has the choice to choose between a single or multi-unit franchise.
- Franchisees are also presented with the opportunities to be part of a world class brand that is also famous among foodies across the world
- Cinnabon Bakeries can boast of an efficient bakery designs that can be customized to maximise returns on investment
- The company’s dedicated and passionate franchise team will offer every franchisee the needed support to achieve success at their franchise unit
WORLD CLASS SUPPORT
Every new franchisee with Cinnabon Bakery franchise will have the opportunity to work with highly experiences experts who possess great knowledge and skills in brand building, development, marketing and also experience in all the aspects of a food service and bakery franchise.
HOW MUCH DOES A CINNABON BAKERY FRANCHISE COST?
The Cinnabon franchise cost will be the investments needed to operate a franchise unit from inception to the expiration of the franchise terms. The initial investment needed to operate a Cinnabon Franchise is between the range of $181,000 and $330,000.
Every new franchisee will also be expected to have a net worth requirement of about $400,000 and then a liquid cash requirement of non-borrowed cash to the tune of $120,000
THE CINNABON FRANCHISE FEE
The Cinnabon Bakery Initial franchise fee is the payment that the company will receive from the franchisee to give them the license to operate under their brand identity. The fee is $30,000 and it is non-refundable. Franchisees are also expected to make an on-going royalty fee of 6% of the monthly gross revenue of the franchise unit. Another 1.5% ad royalty fee is also payable to the company.
DOES CINNABON BAKERY FRANCHISE OFFER FINANCING?
The company does not offer any form of financing to their new franchisees. What every franchisee stand to benefit is the working relationship Cinnabon Bakery has with 3rd party lenders that can offer funding to assist the franchisee to cover for the following: franchise fee, equipments, start-up costs, inventory, payroll.
Veterans will also benefit from the company’s policy of taking off $5,000 from the initial franchise fee.
As a new franchisee with Cinnabon Bakery, you will benefit from w hole lot of trainings that will get you prepared for the task ahead of running your franchise unit. There will also be access to continued corporate and franchise training on-site as well as the opportunity to access online training tools and support.
According to the Franchise Agreement, the franchisee will not get any right to any territory. If the company deems it fit, a Cinnabon Bakery may be set up in same geographical area to an existing franchise unit, though not in close proximity.
TERMS OF AGREEMENT
The period at which a franchisee can hold the license of the company is 20 years. This can be renewed if the franchisee desires so or if they are able to meet up with the company’s terms and conditions for renewal.
HOW TO OPEN A CINNABON BAKERY FRANCHISE
This article has been able to give details explanations on the requirements to open a Cinnabon Bakery Franchise. the next action now is how to open a Cinnabon Bakery Franchise.
Firstly, you need to confirm your eligibility by checking your bank financial statements if it meets up with the company’s requirement. Once this is confirmed, you can then forward your application to the website of the company.
Once your application is reviewed, the Franchise Manager will get back to you and arrange for an interview to have in-depth information about your financial capability and readiness to run a Cinnabon Bakery Franchise unit. If you are considered for a franchise opportunity, then the franchise manager and his team will give you the right support needed to establish your franchise unit.