COLD STONE Franchise Startup Cost, Revenue and Profit Margin
Cold Stone Creamery can be considered to be one of the most talked about ice cream companies that anyone can see around today.
The company is renowned for offering top premium ice cream for over 25 years with recognition among ice cream lovers that most of their customers are repeated buyers. It is no wonder a lot of business people want to know how much is a Cold Stone Creamery franchise.
FRANCHISE INFORMATION ABOUT THE COMPANY
The first Cold Stone store was opened in the year 1988 by Donald and Susan Sutherland in Tempe, Arizona. The company began selling franchise opportunities in the year 1994 and currently owned by Kahala, which is also the franchise sellers of Blimpie, TacoTime, Surf City Squeeze and so many other concepts.
At every Cold Stone location, fresh ice cream blended with fruits, candy, nuts, cookies and many other flavours, is made on a daily basis according to their customer’s requests.
IS COLD STONE CREAMERY A FRANCHISE?
There are more than 1500 Cold Stone locations spread at different locations of the world. Most of these stores are not owned by the company. That is an indication that Cold Stone Creamery is a franchise. They sell franchise opportunities and have been doing that since 1994.
EXPERIENCE THE COLD STONE CREAMERY FRANCHISE
Kahala Brands are the owners of Cold Stone Creamery and they continually offer immense supports to their franchisees.
As a franchisee with the company, at no point in time will you be on your own, the company promises to give you necessary assistance all the way throughout the process of running your franchise business.
Cold Stone has a dedicated franchise team that will give you the necessary assistance before and after you open your store. With the company’s experience of many years, and working with a high performing franchise model, you are guaranteed to enjoy a business with low entry cost and also low operating costs.
HOW MUCH DOES A COLD STONE CREAMERY FRANCHISE COST?
Buying into a Cold Stone franchise is quite lucrative, but it does come with its own financial implications.
The Cold Stone franchise cost will be the aggregate of all the investments needed to start a unit. The initial investment that will be required will be in the tune of $50,000 to about $500,000, with a net worth requirement of about $250,000. Cold Stone Creamery also expects their franchisees to have a liquid cash of non-borrowed money up to the tune of $100,000
COLD STONE CREAMERY FRANCHISE FEE
The Cold Stone initial franchise fee is the payment that the franchisee will make to the company to get the license to operate with the company’s different brands. This payment is non-refundable and also renewable after an agreed period of time. The initial franchise fee is between $10,000 and $27,000.
Cold Stone Creamery franchisees will also be expected to make an on-going royalty fee of 6% and an ad royalty fee of 3% of the monthly gross revenue of the franchise unit.
DOES COLD STONE CREAMERY FRANCHISE OFFER TRAINING?
Cold Stone franchise will give a mandatory training to their new franchisees to help them master the process of operations of their business. Training will hold between 4 to before the franchise unit is opened.
Training involves a 5-day classroom session at the company’s head office in Arizona and another 5-day session at any operating Cold Stone franchise unit.
Cold Stone does not assist their franchisees with any form of financing. However franchisees that may need extra funding will be connected to any of their 3rd party lenders that offer financing. Franchisees can get funds to cover for the following: franchise fee, cost of equipment, startup costs, inventory and so on.
Veterans that are discharged honourably can also benefit from a 20% off their franchise fee payment to Cold Stone Creamery.
Franchisees will only be granted the right to operate at the location signed in the Franchise Agreement. They will not receive any exclusive right to any territory. Cold Stone may establish other franchises of the company in close proximity with existing franchise units.
HOW TO OPEN A COLD STONE CREAMERY FRANCHISE
The first step that you need to take is to get yourself acquainted with all the information needed to establish a Cold Stone Creamery franchise. You will need to confirm your eligibility, in terms of available funds, to open a franchise unit. Once you are certain to have met with the company’s requirements on how to open a Cold Stone franchise, then you can proceed to the company’s website to submit your application.
Once your application is received by the company, it will be reviewed and you will get feedback after some few days.
If the company approves your application, a franchise manager will then be assigned to you.
The franchise manager will make further evaluations of your eligibility and once you are deem fit to open a franchise unit, he will work with you alongside his other teams members, to help you secure a location and then work out the process of establishing your Cold Stone Creamery franchise unit.