Rank no. 403 – Red Mango – Frozen Yogurt & Smoothies – US
Products & Services: Frozen yogurt & smoothies
Number of Locations: 244
Total Investment: $171K – 495.6K
Began Franchising: 2007
About Red Mango – Frozen Yogurt & Smoothies
Daniel Kim opened the first Red Mango store in 2007, near the University of California in Los Angeles and quickly began franchising the frozen yogurt shop. Red Mango’s menu has since expanded to include smoothies, parfaits and other frozen treats in addition to its all-natural frozen yogurts, which are available in original tart or a rotating variety of other flavors, and with a variety of fruit, nut and other toppings.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $17,500 – $35,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Net Worth: $350,000
Liquid Cash Available: $200,000
21% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 10. Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators).
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