EDIBLE ARRANGEMENTS Franchise Startup Cost, Profit Margin, Revenue and Locations
Owning an Edible Arrangements Franchise
Edible Arrangements was established and commenced business in the year 2000 with its headquarters located at East Haven, Connecticut ,U.S.A. The core focus areas of business for Edible Arrangements includes the provision and sale of fresh fruits packaged in stylish bouquets, fresh fruit juices and smoothies, dipped fruits, fruit salads as well as other fruit related offerings.
Is edible arrangements a good franchise? In its 16 years of existence, Edible Fruits is growing into a global chain, with over 1,000 businesses and counting, operating under the Edible Arrangements logo and registered trademarks, worldwide.
SEE: ZAGU FRANCHISE COST
Edible Arrangements offers franchise opportunities to individuals seeking to start a new location or to buy an existing business set-up will have to undergo a rigorous pre-selection, to ascertain suitability, drive and commitment to the founding ideals of Edible Arrangements.
Every applicant for the Edible Arrangements franchise will first of all make contact with the firm’s business organization team. This team is saddled with responsibility of entertaining questions and inquiries about the Edible Arrangements Franchise, history, structure and other related matters.
The candidate, at this stage, will have to complete an application that will disclose the applicant’s educational qualifications, work and/or business exposure, financials and availability of startup funds, as well as the reason(s) why the applicant feels qualified to run and operate an Edible Arrangements Franchise business.
In addition, the applicant will be required to read and understand the Edible Arrangements franchise document, which is a compilation of all that is needed to successfully start an Edible Arrangements franchise business.
Franchise Opportunity: Offer of Franchise
Edible Arrangements, as the franchiser, will grant the successful applicant, termed the franchisee the right to run and operate a store location, using the logo and registered trademarks of the Edible Arrangements business, to offer fruits based products to the public, according to stipulated rules and regulations.
The areas of operation for the franchise will include shopping malls, car parks, shopping centers and other such places that will designated.
While it is expected that walk-in customers will be able to access the fruit-based products of an Edible Arrangements Franchise business, the franchisee will be expected to meet the orders of customers that will reside in areas away from the premises of operation.
Applicants for an Edible Arrangements Franchise business will be encouraged to seek additional financing from the Small Business Administration board, in order to shore up their operating capital. However, Edible Arrangements does not offer any form of financial assistance, direct or indirect, to the franchisee.
Edible Arrangement requires the franchisee and one regular manager (who could also be the owner) on the rudiments of running an Edible Arrangements franchise on a day-to-day basis.
Such training will cover aspects such as apprenticeship conditioning, stock taking, store arrangement, administrative functions, corporate branding as well as other aspects of study critical to the successful running of an Edible Arrangements franchise business.
The duration of training will range from two to six weeks, depending on the franchise owner’s and that of the manager’s business experience and acumen. The training will take place at the headquarters of Edible Arrangements and at the site of the franchisee’s business.
The franchise owner and manager will also be required to attend and complete further training programs and refresher courses, from time to time and as deemed necessary by management.
In addition, a representative of the franchisee will also be required to attend the annual convention of Edible Arrangement business.
Territories and Areas of Operation
Edible Arrangements, as the franchiser, will accord the franchisee a non-exclusive operational area that will span territory inhabiting at least 75,000 persons; such a demarcation will ne sign posted by countries, cities, streets or such demarcations as the franchiser deems appropriate.
Terms of Engagement and Renewal
The duration of engagement in running an Edible Arrangements franchise is pegged at 10 years. A franchisee, upon satisfactory compliance with the rules and regulations guiding the operation of the franchise, can acquire another Edible Arrangements franchise for another term of a decade.
The Franchisee of an Edible Arrangements franchise will undertake to faithfully and wholeheartedly pursue the founding ideals of the franchise and must, at all times, adhere to the stipulations guiding the running and operation of an Edible Arrangement Franchise.
In addition, the franchisee will observe all legal stipulations regarding labor engagement and tax remittances
How much does an edible arrangements franchise cost?
Initial Investment for a Traditional Retail shop: 192,695 – 326,445 USD.
Initial Investment for an Edible Arrangement to-meet customer location: 168,095 – 261,395 USD.
What is the franchise fee for edible arrangements?
These franchise costs are inclusive of signage costs, printing and graphic works, opening stock, property development as well as equipment and machinery.
HOW MUCH IS AN EDIBLE ARRANGEMENTS FRANCHISE?
When you think about a franchise opportunity that you can buy into with about 82% brand awareness and that has both an offline and online presence with reach to millions of people, then you might want to look into an Edible Arrangement franchise. It is one franchise that will guaranty you great returns on your investment. So the question now is, how much is an Edible Arrangement Franchise?
FRANCHISE INFORMATION ABOUT THE COMPANY
When Tariq Farid was 17 years old, he got a loan of $5,000 from his patents to purchase a flower store in East Haven, Connecticut. Within 2 years of staring his business, he was already running 4 highly successful flower stores. After about 7 years of running his flower business, he came up with another beautiful idea – edible bouquets.
In the year 1999, he opened the first Edible Arrangement store, where they started creating, and delivering fresh fruits bouquets that are sculpted in the form of flowers. It became an instant hit.
IS EDIBLE ARRANGEMENT A FRANCHISE?
The company is a franchise and they started selling franchise opportunities in the year 2001. And presently, they have expanded into chocolate-coated fresh fruit, fruit sundaes, salads, beverages and other products. They have franchise locations spread in different countries of the world.
THE EDIBLE ARRANGEMENT FRANCHISE OFFER
When you buy into an Edible Arrangement franchise, you will be granted the license to operate under the company’s brand. The services that you will also render as a franchisee with the company will be the creating and delivery of edible fruits that are made in flower-like designs.
WHY CHOOSE EDIBLE ARRANGEMENT FRANCHISE?
When you buy into the company’s franchise, you will be tapping into
- A business that has about 82% brand awareness among the American populace.
- You will enjoy multiple units of revenues as the franchise will not only set up a store for you, you will also have an online e-commerce store that your customers can order for fruit bouquets off the internet.
- The company’s marketing strength is one of the best in the country and you will also benefit immensely from these campaigns both on TV and over the internet.
- There are about 1,200 Edible Arrangement stores located at different parts of the world. About 1,190 in the United States and more than 70 at other countries of the world.
HOW MUCH DOES AN EDIBLE ARRANGEMENT FRANCHISE COST?
The Edible Arrangement franchise cost is the sum total of the investment needed to open a franchise unit. The total investments needed will be in the tune of $195,000 and $330,000. The company will also expect new franchisees to have a net worth of about $250,000 and a liquid cash of about $80,000.
THE EDIBLE ARRANGEMENT FRANCHISE FEE
The payment that the franchisee will pay to the company to get the license to operate under the company’s brand name is the Edible Arrangement franchise fee. This fee is non refundable and renewable after a certain period of time. The initial franchise fee payment is $25,000. An additional royalty fee of 8% of the monthly gross revenue of the franchise unit is payable as well to the company.
Edible Arrangement has financial arrangements with notable banks in the United States to assist their franchisees with funding to establish their franchise unit. The franchisee is expected to meet up with the terms and conditions of the lender to get access to the loan.
Every new franchisee with the company will be trained to get them acquainted with the services that the company renders. Training will be held for a period of about 6 weeks, which will include an intensive class-room session with an online training session.
Franchisees with Edible Arrangement will operate within a geographic location of a minimum of about 75,000 people.
TERMS OF AGREEMENT
The period of time at which a franchise with the company can hold the company’s license is 10 years. After the expiration of this period, company will expect the franchisee to renew the license for an additional 10 year term.
HOW TO OPEN AN EDIBLE ARRANGEMENT FRANCHISE
It is important to note that the information in this article is not all that you will need in opening your franchise unit. More details on how to open a Edible Arrangement franchise will be gotten on the company’s website and you are also expected to submit your application to the company through their website.
Once your application is received, it will be reviewed by the franchise team and you will get feedbacks after some few days.
If the company considers you for a franchise opportunity, you will be assigned a franchise manager. The responsibility of the franchise manager will be to make further evaluations of your eligibility to open a franchise unit with the company.
He will need to confirm your financial status and your ability to work effectively as a franchisee with Edible Arrangement. Once the franchise manager considers you fully fit to open a franchise unit, he will then work alongside his team members to assist you in setting up your Edible Arrangement franchise unit.