BASKIN ROBBINS Franchise Startup Cost, Profit Margin, Revenue and Locations
Do you the desire to start a Baskin-Robbins franchise? You need to get familiar with this fact and have a peek into what you are delving into. In the United States, the ice-cream making leader was rated by the Entrepreneur as one of the topmost franchise to buy into in America. It was ranked among the top 10. That is just the major reason why so many entrepreneurs want to know how much is a Baskin Robbins franchise?
But before we go into the details of the information about Baskin-Robbins franchise, investments required and the area size requirements, support programs and training, let us first take a look into the company’s profile.
FRANCHISE INFORMATION ABOUT THE COMPANY
Baskin-Robbins is an American franchise company that specializes in the making of ice-cream and frozen dessert with hundreds of flavours. Their franchise locations are at different parts of the world with about 8,000 franchise units in 50 countries.
The company was founded by Irvine Robbins and Burton Baskin in the year 1945 in California, with their headquarters in Canton, Massachusetts. The company presently serves close to 400 million customers across the world and the number is growing year by year.
IS BASKIN-ROBBINS A FRANCHISE?
Is Baskin-Robbins a franchise? An interested prospective franchisee might want to inquire about this. Yes the company sells franchise and can be considered a franchise, with so many years of experience. They started selling franchises in the year 1948.
WHY YOU SHOULD BUY A BASKIN-ROBBINS FRANCHISE
Before you diversify into any kind of franchise, you might want to consider the economic benefit of such franchise opportunity. Buying into a Baskin-Robbins franchise is quite lucrative with so many benefits, which we will look into as follows:
- The company has 95% brand awareness with popularity among most ice-cream lovers across the United States.
- The company invests so much in advertising their brand, with millions of dollars injected for this purpose.
- As a Baskin-Robbins franchisee you will benefit from a multiple source of revenue: take home, in-store, cakes and beverages.
- You will also be exposed to a world class training and support.
WHO QUALIFIES FOR A BASKIN-ROBBINS FRANCHISE?
The company is seeking for candidates that have the dedication to operational excellence, passion for the customers and also a lover of ice cream. Ideally a potential Baskin-Robbins franchisee is expected to possess:
- An accurate understanding of the brand and a zeal for local promotions/marketing of the franchise unit within their immediate community.
- An ability to put together a team that performs greatly and also dedicated to achieve excellence and as well offer customer’s satisfaction through great service delivery.
- The financial resources to purchase of develop one of multiple franchise locations.
HOW MUCH DOES A BASKIN-ROBBINS FRANCHISE COST?
The Baskin-Robbins franchise cost will be a summation of the investment required, franchise fee, net-worth of the franchisee and also the liquid cash worth of the franchisee.
The initial investment needed to start up a franchise unit with the company is about $95,000 to $400,000 and a liquid cash requirement of non-borrowed money of about $125,000 and also a net-worth requirement of about $250,000.
BASKIN-ROBBINS FRANCHISE FEE
The Baskin-Robbins franchise fee is payable to the company and this will give the franchisee the access to operate under the company’s brand name. The initial franchise fee is $25,000. The franchisee will also need to be prepared for an on-going royalty fee of 5.9% and also an Ad royalty fee of 5.9% of the gross revenue of the particular franchise unit.
TRAINING AND SUPPORT
A franchisee with the Baskin n Robbins Inc will be entitled to trainings to get them prepared for the task ahead. Initial training programs usually run for about 15 days. This will include 5 days of Foundational class, 5 days Dessert making training, both will be held at the Burbank Center for Training located in California.
An additional four days of training in restaurant operations will also be conducted at a designated restaurant with instructors teaching on storage processes, how to serve and package items and products, merchandise, which will eventually be followed by practice on serving guests.
DOES BASKIN ROBBINS FRANCHISE OFFER FINANCING?
Baskin-Robbins Franchise does not offer any form of direct financing to their franchisees. However the company has contacts with 3rd party lending firms that can assist franchisees with the required funds to establish their franchise unit.
Although the company offers 20% incentives off the initial franchise fee to veterans than want to buy into the Baskin Robbins Franchise opportunity
TERMS OF AGREEMENT
The period of franchise agreement is 20 years, the only exception is the Baskin-Robbins Express which is mostly between 5-10 years. Franchisees may renew for another term of twenty years after expiration of the initial term and this will depend on if they are able to meet with company’s requirements for renewal.
HOW TO OPEN A BASKIN ROBBINS FRANCHISE
Once you have been able to meet up with the Baskin-Robbins franchise requirements, the next step you are to take is to forward your application to the company. You can get additionally information via the company’s website: https://www.baskinrobbins.com/content/baskinrobbins/en/aboutus/franchiseopportunities.html
Once your application has been received, it will be reviewed and then a franchise team from the company will get back to you. The Franchise manager will assist you in establishing your franchise unit and also be of support in getting the best real estate for you to achieve quick success at your unit.
Are you thinking of opening a Baskin-Robbins restaurant in your city? This blog post has all you would need to know about the company. The information shared on this post is not to convince you to buy into their franchise, the choice of joining or not is rest upon you.
Baskin-Robbins is a popular restaurant brand in the United States of America. If you have been nursing the ambition of owning and operating a restaurant brand and making some money, then you might have to consider a Baskin-Robbins franchise.
In this article, we will be looking into Baskin-Robbins and the franchise opportunities it promises for entrepreneurs and business-minded individuals.
Part of what we will be doing in this article is to look at the history of Baskin-Robbins as a company.
We will also look at the franchise cost of owning a Baskin-Robbins franchise.
In this article also, we will be looking at the franchise fee which Baskin-Robbins requires from its franchisees.
We will also be examining the training and supports which Baskin-Robbins provides for its franchisees, the terms of the franchise agreement, franchise agreement renewals and how to open a Baskin-Robbins franchise.
Is Baskin-Robbins a Franchise?
Baskin-Robbins is a restaurant and ice cream franchise company with headquarters in Canton, Massachusetts in the United States of America. Baskin-Robbins operates chains of ice cream shops across the globe. Baskin-Robbins was founded 73 years ago in 1945. The company started franchising 68 years ago in 1950, 5 years after it was founded.
Baskin-Robbins as a company is registered as Baskin-Robbins Franchising LLC.
Baskin-Robbins offers ice creams and other frozen products to its customers. Baskin-Robbins products come in a variety of flavours. Baskin-Robbins was started by two enterprising young men from America, Irv Robbins and Burt Baskin.
The history of Baskin-Robbins dates back to after the Second World War when Irv Robbins returned home after serving in the war and started operating an ice cream parlour.
However, while Irv Robbins was operating his ice cream parlour, his brother-in-law Burt Baskin was also operating his own ice cream parlour.
Along the line, they both decided to merge their ice cream parlour operations, and thus, Baskin-Robbins was born.
In deciding on the name to use for their ice cream shop, Irv Robbins and Burt Baskin had to flip a coin to decide whose name came first. Burt Baskin won the coin flip and his name had to come first in the name of the new company.
Irv Robbins has had previous experience managing an ice cream shop as a teenager. Robbins was creating variety in his ice cream products by adding chocolate and vanilla flavours.
Baskin-Robbins has seen immense growth since its founding with more than 7,900 franchise locations across 50 countries around the world.
The products on offer at Baskin-Robbins include frozen beverages, ice creams, and yogurts.
Baskin-Robbins is also a subsidiary company of Dunkin’ Brands Inc., an operator of popular restaurant franchises.
The current Chief Executive Officer (CEO) of Baskin-Robbins is Nigel Travis.
Baskin-Robbins’ corporate address is located at 130 Royall St. Canton, MA 02021.
How Much Does Baskin-Robbins Franchise Cost?
Intending franchisees of Baskin-Robbins are required to pay a franchise fee of $25,000 (U.S. dollar). A liquid asset of $125,000 is also required from the intending franchisees alongside other fees which are required to be paid by the franchisee.
Baskin-Robbins Franchise Fee
Baskin-Robbins requires a franchise fee of $25,000 (U.S. dollar) from its intending franchisees. Franchisees are also required to pay a royalty fee of 5.9% of gross sales and an ongoing advertising fee of 5.0% of total sales.
Baskin-Robbins Franchise Startup Cost
Intending franchisees of Baskin-Robbins should expect to spend a startup cost at a low of $93,550 (U.S. dollar) and a startup cost at a high of $401,800 (U.S. dollar).
Baskin-Robbins Franchise Training and Supports
Baskin-Robbins provides training and support for its franchisees. The training which Baskin-Robbins provides for its franchisees has a duration of 15 days.
The breakdown of the 15 days training has a 5 days Foundations Training, a 5 days Desserts Operations Training and a 4 days Restaurant Operations Training.
The training takes place at the company’s training center in Burbank, California, in the U.S.
Baskin-Robbins also provides its franchisees with support. The support that Baskin-Robbins provides for its franchisees include;
- Baskin-Robbins provides its franchisees with a toll-free line for support.
- They are the ones in charge of grand opening for each of their franchisees’ stores.
- They also support their franchisees with advertising for their business.
- Franchisees with Baskin-Robbins undergo training on safety procedures.
- Franchisees receives on-going newsletters for update and supports.
- Franchisees also enjoy online support from the company for their business.
Baskin-Robbins Franchise Application and Terms of Agreement
The initial franchise agreement for a Baskin-Robbins franchise is 20 years. If the franchisee meets Baskin-Robbins’ requirements for renewal, the franchise agreement can be renewed for an additional 20 years.
How Much Does a Baskin-Robbins Franchise Make?
How much a Baskin-Robbins franchise makes cannot be stated for sure. However, considering Baskin-Robbins’ long history and loyal customer base, the franchisee stands to make good money with the franchise.
How to Open a Baskin-Robbins Franchise?
To open a Baskin-Robbins franchise, the franchisee needs to contact Baskin-Robbins directly on its website at www.baskinrobbinsfranchising.com.
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