Rank no. 352 – Yogen Fruz – US
Products & Services: Frozen yogurt & soft-serve ice cream
Number of Locations: 1,070
Total Investment: $135.67K – 472.17K
Began Franchising: 1987
About Yogen Fruz
Brothers Michael and Aaron Serruya started their own frozen yogurt shop, Yogen Fruz, in 1986 in Toronto, Ontario, and began franchising a year later. In 1989, they expanded into the United States and now have locations operating around the world in both traditional and nontraditional locations. The company also owns I Can’t Believe It’s Yogurt!, Bresler’s Ice Cream and Yogurt, Swensen’s Ice Cream, Yogurty’s, Jamba Juice Canada and Java Coast Fine Coffees.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $25,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 7-10 years, renewable
Net Worth: $150,000
Liquid Cash Available: $40,000 – $75,000
5% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 4 – 7. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|