COLD STONE Franchise Startup Cost, Profit Margin, Revenue and Locations
Cold Stone Creamery can be considered to be one of the most talked about ice cream companies that anyone can see around today. The company is renowned for offering top premium ice cream for over 25 years with recognition among ice cream lovers that most of their customers are repeated buyers. It is no wonder a lot of business people want to know how much is a Cold Stone Creamery franchise.
INFO: BRUSTER’S REAL ICE CREAM FRANCHISE OPPORTUNITIES
FRANCHISE INFORMATION ABOUT THE COMPANY
The first Cold Stone store was opened in the year 1988 by Donald and Susan Sutherland in Tempe, Arizona. The company began selling franchise opportunities in the year 1994 and currently owned by Kahala, which is also the franchise sellers of Blimpie, TacoTime, Surf City Squeeze and so many other concepts. At every Cold Stone location, fresh ice cream blended with fruits, candy, nuts, cookies and many other flavours, is made on a daily basis according to their customer’s requests.
IS COLD STONE CREAMERY A FRANCHISE?
There are more than 1500 Cold Stone locations spread at different locations of the world. Most of these stores are not owned by the company. That is an indication that Cold Stone Creamery is a franchise. They sell franchise opportunities and have been doing that since 1994.
EXPERIENCE THE COLD STONE CREAMERY FRANCHISE
Kahala Brands are the owners of Cold Stone Creamery and they continually offer immense supports to their franchisees. As a franchisee with the company, at no point in time will you be on your own, the company promises to give you necessary assistance all the way throughout the process of running your franchise business.
Cold Stone has a dedicated franchise team that will give you the necessary assistance before and after you open your store. With the company’s experience of many years, and working with a high performing franchise model, you are guaranteed to enjoy a business with low entry cost and also low operating costs.
HOW MUCH DOES A COLD STONE CREAMERY FRANCHISE COST?
Buying into a Cold Stone franchise is quite lucrative, but it does come with its own financial implications. The Cold Stone franchise cost will be the aggregate of all the investments needed to start a unit. The initial investment that will be required will be in the tune of $50,000 to about $500,000, with a net worth requirement of about $250,000. Cold Stone Creamery also expects their franchisees to have a liquid cash of non-borrowed money up to the tune of $100,000
COLD STONE CREAMERY FRANCHISE FEE
The Cold Stone initial franchise fee is the payment that the franchisee will make to the company to get the license to operate with the company’s different brands. This payment is non-refundable and also renewable after an agreed period of time. The initial franchise fee is between $10,000 and $27,000.
Cold Stone Creamery franchisees will also be expected to make an on-going royalty fee of 6% and an ad royalty fee of 3% of the monthly gross revenue of the franchise unit.
DOES COLD STONE CREAMERY FRANCHISE OFFER TRAINING?
Cold Stone franchise will give a mandatory training to their new franchisees to help them master the process of operations of their business. Training will hold between 4 to before the franchise unit is opened. Training involves a 5-day classroom session at the company’s head office in Arizona and another 5-day session at any operating Cold Stone franchise unit.
Cold Stone does not assist their franchisees with any form of financing. However franchisees that may need extra funding will be connected to any of their 3rd party lenders that offer financing. Franchisees can get funds to cover for the following: franchise fee, cost of equipment, startup costs, inventory and so on.
Veterans that are discharged honourably can also benefit from a 20% off their franchise fee payment to Cold Stone Creamery.
Franchisees will only be granted the right to operate at the location signed in the Franchise Agreement. They will not receive any exclusive right to any territory. Cold Stone may establish other franchises of the company in close proximity with existing franchise units.
HOW TO OPEN A COLD STONE CREAMERY FRANCHISE
The first step that you need to take is to get yourself acquainted with all the information needed to establish a Cold Stone Creamery franchise. You will need to confirm your eligibility, in terms of available funds, to open a franchise unit. Once you are certain to have met with the company’s requirements on how to open a Cold Stone franchise, then you can proceed to the company’s website to submit your application.
Once your application is received by the company, it will be reviewed and you will get feedback after some few days. If the company approves your application, a franchise manager will then be assigned to you.
The franchise manager will make further evaluations of your eligibility and once you are deem fit to open a franchise unit, he will work with you alongside his other teams members, to help you secure a location and then work out the process of establishing your Cold Stone Creamery franchise unit.
Cold Stone Creamery incorporated in the year 1988 is recognized with its specialty in super-premium freshly produced ice creams, yogurt, chilled beverages, cakes and other lots of ice soft drinks.
They satisfy customers with a unique offer by presenting them daily with fresh soft drinks. More to the point, they are blended by hands with the application of fruits, cookies and candy and most importantly, taking into consideration, customers’ requests.
About Cold Stone Creamery Franchise
After the first opening by Donald and Susan in the year 1988 at Scottsdale, Arizona, the firm began franchising in the year 1994. But presently, the company is being owned by Kahala. The estimated number of units the company can boast of is 1,265 operating units and they keep growing as more franchisee are joining the company.
The company makes money by selling ice creams, and yoghurt. They also gain revenues from the sales of other edible products such as cake, gift cards and already packaged ice cream and other related products.
Cold Stone Creamery Franchise also partners with a third-party for fund raising covering franchise fees and cost of equipment acquisition.
As Cold Stone Creamery is seeking to grow more popularity of their registered brand, they are in need of an already established individual who is an expert in the dessert concept and owns a unique way of presentation.
Cold Stone Creamery franchise is also seeking for franchisee who are willing to move the brand higher and thus keep marketing their own local store in order to maximize profit.
A franchisee is expected to dedicate substantial amount of time to the business set-up and agree to run his business on full-time basis. Cold Stone Creamery franchise will give their franchisee operation manuals that let then understand the offers they are opened to and those they have limited access to.
How Much Does a Cold Stone Creamery Franchise Cost?
A liquid Capital required by Cold Stone Creamery Franchise is $100,000 from interested franchisee.
Cold Stone Creamery Franchise Fee
A prospective franchisee at Cold Stone Creamery Franchise can open either a traditional restaurant or a non-traditional restaurant.
- For a traditional restaurant, a franchise fee required by Cold Stone Creamery ranges from $12,000 – $27,000.
- For a non-traditional restaurant, the franchise fee required by Cold Stone Creamery also ranges from $8,000 – $20,000.
Cold Stone Creamery Franchise Startup Cost
There is no gain saying that opening a Cold Stone Creamery Franchise is lucrative. However, there must be a wide understanding of the startup cost.
Cold Stone Creamery Franchise requires a Net Worth of $250,000. Additionally, the firm requires that a franchisee have an investment from $50,200 – $467,525. There is also a demand for a liquid capital of $100,000.
Cold Stone Creamery Franchise Training and Support
The training provided by Cold Stone Creamery Franchise is to provide insight into the business industry. The training by the assigned representatives will enable franchise get to know about store details, providing unique customer service and other vital instruction that guides the operation of a franchisee.
Cold Stone Creamery Franchise offers an extensive training like most franchise companies do. Although, the concept introduced made it a little bit unique from what is often presented at most franchise companies. Manuals are constantly sent to franchise to better master their operation.
- The first initial training takes place at the headquarter and that happens before a franchisee opens store.
- The training session is between 4-10 weeks and to be followed by a five days’ classroom training.
- After that, there will also be an in-store training at the already opened and operating Cold Stone Creamery.
Cold Stone Creamery Franchise Application and Terms of Agreement
There is an initial franchise agreement of 10 years which begins from the first day of operation. Gladly, if a franchisee is willing to renew the agreement after the first one elapses, he must have a good standing before being allowed to request for a renewal term of a period of 5years with no privilege of fresh renewals again.
How Much Does a Cold Stone Creamery Franchise Make?
This information is not made public as it is not present in Franchise Disclosure Document(FDD).
Granted, this is one of the most important question any entrepreneur thinking on investing on a business will ask. Yet, it should not escape the thought of an interested franchisee that if every instructions are strictly followed, there would be an outstanding output from the business.
How to Open a Cold Stone Creamery Franchise
I am quite confident that the information presented above is sufficient to set you on track, at least providing you the most important details about the Cold Stone Creamery Franchise.
Undoubtedly, your next line of action is, how to start a cold stone creamery franchise? The procedures are not tiring. With a few steps, you are there.
Visit the Cold Stone Creamery Franchise website via this Link. You will find an icon that invites you to become a franchise, click on it and a form presented to you would be filled. All you will have to do is to wait for their response.