AUNTIE ANNE’S PRETZELS Franchise Startup Cost, Revenue and Profit Margin
Auntie Anne’s is considered to be the largest Pretzel franchise in the world and they are known for their unique in-store baking style, utilised in the production of fresh, hot pretzels, which are so perfect for dipping into a variety of sweet sauces.
The service delievery at Auntie Anne’s is next to non and this has made them a favorite among pretzels lover. Even business entrepreneurs want to associate with the company and a lot of people want to know how much is an Auntie Anne’s Pretzels Franchise?
FRANCHISE INFORMATION ABOUT THE COMPANY
The founder of Auntie Anne’s Anne Beiler, who had been involved in baking all her life did not ever thinking of starting a business until when she began to manage a concession stand at a market for farmers in Maryland.
Of all the products that were being sold at the stand, it was the pretzels that sold out the most. This convinced Anne to stop selling every other item on the menu and then focused on Pretzels. This even made the snack so much popular.
In a very short time, Anne bought her own stand and then named it Auntie Anne’s and later on joined by her brother who operated two separate Auntie Anne’s booths.
Currently the company serves a variety of pretzels, drinks and dipping sauces with locations in airports, shopping malls, train stations across the United States, Middle East and Asia, parts of the United Kingdom as as well as Venezuela.
IS AUNTIE ANNE’S A FRANCHISE?
Definitely Auntie Anne’s is a Franchise and they have been selling franchise opportunities since the year 1991
WHAT IS THE AUNTIE ANNE’S FRANCHISE OFFER?
The company offers prospective franchisees the opportunity to operate and Auntie Anne’s Franchise under the Auntie Anne’s brand name, at an approved franchise location. These are the descriptions of the different sub-units that make up an Auntie Anne’s Franchise unit.
- THE SHOP: This is the point where the franchisee produce and sells a wide range of all Auntie Anne’s products to their customers
- SUBWAY CO-BRAND LOCATION: Here, the franchisee only sells a limited range of Auntie Anne’s items in addition to the products that are authourised to be sold on display under the Subway franchise system.
- CONCESSION TRAILER: This is a mobile unit where the franchisee can produce and sell a limited range of products offered by Auntie Anne’s.
HOW MUCH DOES AN AUNTIE ANNE’S FRANCHISE COST?
In order for you to open an Auntie Anne’s Franchise unit, you will need an investment in the tune of $190,000 to about $370,000. Liquid cash requirement by the company of about $80,000 and also a net worth requirement of about $400,000.
AUNTIE ANNE’S PRETZEL FRANCHISE FEE
In addition to the Auntie Anne’s Pretzel Franchise cost is the Auntie Anne’s franchise fee, which will be payable to the company in order for the franchisee to be granted the licence to operate under the company’s brand name. The franchise fee is $30,000 and also an additional royalty fee of 7% and an advertisement royalty fee of 1% will be paid to the company.
DOES AUNTIE ANNE’S PRETZEL FRANCHISE OFFER TRAINING?
As a new franchisee with the company, you will be expected to delegate at least 3 personnel for the initial training with the company. Trainees are expected to be above the age of 18 and will be required to complete all the mandatory phases of the training program.
The training features a 41-hour classroom time and up to 27 and 67 hours of training on the job. Before the franchise unit is opened, Auntie Anne’s Inc will send a representative to monitor the activity and the process of operations at the unit, at least 2 days before final launch date.
DOES AUNTIE ANNE’S PRETZEL FRANCHISE OFFER FINANCING?
The company does not offer any form of financing for opening inventory, trade fixtures or any other purpose, either directly or indirectly. Although the franchisor may refer the franchisee to a 3rd party financing institution to assist the franchisee with funds needed to start up their franchise unit.
WHAT ARE THE TERMS OF AGREEMENT AND RENEWAL?
The period at which a franchisee will hold the licence to operate under the Auntie Anne’s name is 20 years. This may be renewd at the time of expiration if the franchisee wishes to do so or if they are able to meet with the company’s requirement for terms extension.
The franchisee may not be entitled to any territorial rights in any location. The franchisor does not give the franchisee any exclusive right to any territory under the Auntie Anne’s Franchise Agreement, except to sell Auntie Anne’s items on retail from their franchise unit.
HOW TO OPEN AN AUNTIE ANNE’S FRANCHISE
For you to be duly considered for the Auntie Anne’s Franchise opportunity, you need to ensure that you can meet up with the financial requirement to open a franchise unit and also you will need to be an individual with the zeal and passion to achieve success in the business.
After you have acquainted with all the information you need, the next thing to do is to forward your application to the company. Your application will be revised by the Auntie Anne’s Franchise Management Team. You then get a feed back after some few days. If your application is considered, the Franchise manager and his team will then give you the needed support to start up your franchise unit.