Start-Up Costs and Fees |
||
| Abbott's Frozen Custard | Planet Smoothie | |
| Investment | 332254 - 571634 | 190150 - 358500 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | 5% |
| Advertising Fee | 0.19Cents/Gal. | 2% |
| Year Founded | 1902 | 1995 |
| Year Franchised | 1977 | 1995 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Abbott's Frozen Custard | Planet Smoothie | |
| Experience | A Planet Smoothie franchisee should have an outgoing personality and a desire to provide customers a healthier option. You should also enjoy going out into the community to meet new people and let them know about your store. Building partnerships in the community is key to growing revenue for your store. We provide a detailed game plan to help you build awareness, and executing the game plan can be half the fun of owning a store: You get to be the person who makes the community a little bit better and a little bit healthier, and communities love that! To open a store, you need at least $100,000 in liquid capital and a net worth of $400,000. | |
Financing Options |
||
| Abbott's Frozen Custard | Planet Smoothie | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Abbott's Frozen Custard | Planet Smoothie | |
| Training | 3 days at Scoop School and 10 days of on-site training at your location, where we teach you everything you need to know to operate and manage an Abbott's Frozen Custard store. | Hands-on experience in operating a Planet Smoothie restaurant in Atlanta, Georgia. This covers all facets of operating the Planet Smoothie business. A Planet Smoothie representative will then assist you at the opening of your first restaurant. |
| Support | Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks | |
| Operations | Number of employees needed to run franchised unit: 4 - 6 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Abbott's Frozen Custard | Planet Smoothie | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Abbott's Frozen Custard | |
| Planet Smoothie | |
| Franchise Fee | |
| Abbott's Frozen Custard | |
| Planet Smoothie | |
| Royalty Fee | |
| Abbott's Frozen Custard | 5.50% |
| Planet Smoothie | 5% |
| Advertising Fee | |
| Abbott's Frozen Custard | 0.19Cents/Gal. |
| Planet Smoothie | 2% |
| Year Founded | |
| Abbott's Frozen Custard | 1902 |
| Planet Smoothie | 1995 |
| Year Franchised | |
| Abbott's Frozen Custard | 1977 |
| Planet Smoothie | 1995 |
| Term Of Agreement | |
| Abbott's Frozen Custard | 10 years |
| Planet Smoothie | |
| Renewal Fee | |
| Abbott's Frozen Custard | |
| Planet Smoothie | |
Business Experience Requirements |
|
| Experience | |
| Abbott's Frozen Custard | |
| Planet Smoothie | A Planet Smoothie franchisee should have an outgoing personality and a desire to provide customers a healthier option. You should also enjoy going out into the community to meet new people and let them know about your store. Building partnerships in the community is key to growing revenue for your store. We provide a detailed game plan to help you build awareness, and executing the game plan can be half the fun of owning a store: You get to be the person who makes the community a little bit better and a little bit healthier, and communities love that! To open a store, you need at least $100,000 in liquid capital and a net worth of $400,000. |
Financing Options |
|
| Franchise Fees | |
| Abbott's Frozen Custard | No |
| Planet Smoothie | No |
| Start-up Costs | |
| Abbott's Frozen Custard | |
| Planet Smoothie | |
| Equipment | |
| Abbott's Frozen Custard} | |
| Planet Smoothie | |
| Inventory | |
| Abbott's Frozen Custard | |
| Planet Smoothie | |
| Receivables | |
| Abbott's Frozen Custard | |
| Planet Smoothie | |
| Payroll | |
| Abbott's Frozen Custard | |
| Planet Smoothie | |
Training & Support |
|
| Training | |
| Abbott's Frozen Custard | 3 days at Scoop School and 10 days of on-site training at your location, where we teach you everything you need to know to operate and manage an Abbott's Frozen Custard store. |
| Planet Smoothie | Hands-on experience in operating a Planet Smoothie restaurant in Atlanta, Georgia. This covers all facets of operating the Planet Smoothie business. A Planet Smoothie representative will then assist you at the opening of your first restaurant. |
| Support | |
| Abbott's Frozen Custard | Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Planet Smoothie | |
| Marketing | |
| Abbott's Frozen Custard | Co-op advertising, Ad slicks |
| Planet Smoothie | |
| Operations | |
| Abbott's Frozen Custard | Number of employees needed to run franchised unit: 4 - 6 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
| Planet Smoothie | |
Expansion Plans |
|
| US Expansion | |
| Abbott's Frozen Custard | |
| Planet Smoothie | |
| Canada Expansion | |
| Abbott's Frozen Custard | |
| Planet Smoothie | 0 |
| International Expansion | |
| Abbott's Frozen Custard | |
| Planet Smoothie | |