Ice cream chains are located in cities all over the country. Their menus offer a variety of desserts and sandwiches including ice cream sundaes, banana splits and hamburgers. People like them because they can get a quick meal and dessert for a reasonable price without having to prepare it themselves.
Cash in on ice cream franchises by opening your own in your city. Large conglomerates own these chains and franchise them out, so get the scoop on start up costs and other regulations. Decide if you will run it yourself or hire a management team. Look for the following when deciding on franchise terms for ice cream chains:
1. Pick an ice cream parlor franchise that have franchises available in your area.
2. Decipher start up cost, initial investment and net worth requirements for the best ice cream chain.
3. Determine other requirements to see if a national ice cream chain is right for you.
Check availability and pricing for a local ice cream franchiseNot every franchise has openings in your area. Once you have decided on a chain, contact them to find out if you can open a store in your area. If they have no need in your local area, they will send you a list of close areas that need a local restaurant. You can also decide on a restaurant chain based on total price or down payment needed. You can check your state to see which restaurant chains have openings.
Ask the ice cream store franchise about initial investmentInitial investments for restaurant chains is usually high however, some cost less than others cost. Before you decide, find out exactly what monetary commitments you will need to make upfront. Remember also, that the initial investment for the franchise fee only covers the franchise itself and you will still need working capital for such expenses as electricity, phone and payroll.
Rita's offers franchise opportunities with a franchise fee of $25,000. They also require $75,000 in liquid assets and a net worth of $250,000. Ritter's Frozen Custard requires liquid assets of $75,000 with a net worth of $300,000. There is a franchise fee of $25,000 and a royalty fee of five percent.
Open ice cream chain restaurants for immediate businessWhen you open a chain store, you are cashing in on the name of the franchise. People know that whether your store is in Maine or California, they will get the same menu and service and they stop at a familiar place. This is why you buy a franchise but the down side is there are tight regulations on franchises. You will get your operating schedule, menu and décor from the company. If you fail to meet your obligations, which usually include buying all of your supplies from them, you will lose your franchise.
Food Franchise provides franchises available in every state. You can also check franchise availability based on total price. Check other requirements, such as hours of operation and where to buy supplies before you buy a restaurant chain franchise. Franchise Advantage lists available franchises. Click on the business that interests you and view all requirements before you invest.
- Obtaining financing to start your ice cream shop franchise can be a difficult process since many financial institutions consider restaurant franchises high risk. Improve your loan chances by putting down as much upfront cash as possible. When the bank sees you taking part of the risk, they will give your loan application closer scrutiny.