Start-Up Costs and Fees |
||
| Abbott's Frozen Custard | Yogurt Lab | |
| Investment | 332254 - 571634 | 313500 - 557000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | 6% of Gross Revenues |
| Advertising Fee | 0.19Cents/Gal. | 1% local |
| Year Founded | 1902 | 2011 |
| Year Franchised | 1977 | 2013 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Abbott's Frozen Custard | Yogurt Lab | |
| Experience | ||
Financing Options |
||
| Abbott's Frozen Custard | Yogurt Lab | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Abbott's Frozen Custard | Yogurt Lab | |
| 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. | Before you open your Store, we will train you and one of your manager-level employees to operate a YOGURT L AB Store. We will provide approximately eight days of training (although the specific number of days depends on our opinion of your experience and needs) in Minneapolis, Minnesota, or another location we designate. You must attend the entire training program. Additional people beyond the first two may attend initial training if you pay our then- current training charge for each additional person (currently $500 per person per day). You also must pay for all travel and living expenses that you and your employees incur and for your employees' wages and workers' compensation insurance while they attend our initial training program. Training will occur after you sign the Franchise Agreement and while you are developing the Store. You and your attendees must complete the entire training program to our satisfaction before you may open your Store |
| 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 | Yogurt Lab | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Abbott's Frozen Custard | |
| Yogurt Lab | |
| Franchise Fee | |
| Abbott's Frozen Custard | |
| Yogurt Lab | |
| Royalty Fee | |
| Abbott's Frozen Custard | 5.50% |
| Yogurt Lab | 6% of Gross Revenues |
| Advertising Fee | |
| Abbott's Frozen Custard | 0.19Cents/Gal. |
| Yogurt Lab | 1% local |
| Year Founded | |
| Abbott's Frozen Custard | 1902 |
| Yogurt Lab | 2011 |
| Year Franchised | |
| Abbott's Frozen Custard | 1977 |
| Yogurt Lab | 2013 |
| Term Of Agreement | |
| Abbott's Frozen Custard | 10 years |
| Yogurt Lab | 10 years |
| Renewal Fee | |
| Abbott's Frozen Custard | |
| Yogurt Lab | |
Business Experience Requirements |
|
| Experience | |
| Abbott's Frozen Custard | |
| Yogurt Lab | |
Financing Options |
|
| Franchise Fees | |
| Abbott's Frozen Custard | No |
| Yogurt Lab | No |
| Start-up Costs | |
| Abbott's Frozen Custard | |
| Yogurt Lab | |
| Equipment | |
| Abbott's Frozen Custard} | |
| Yogurt Lab | |
| Inventory | |
| Abbott's Frozen Custard | |
| Yogurt Lab | |
| Receivables | |
| Abbott's Frozen Custard | |
| Yogurt Lab | |
| Payroll | |
| Abbott's Frozen Custard | |
| Yogurt Lab | |
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. |
| Yogurt Lab | Before you open your Store, we will train you and one of your manager-level employees to operate a YOGURT L AB Store. We will provide approximately eight days of training (although the specific number of days depends on our opinion of your experience and needs) in Minneapolis, Minnesota, or another location we designate. You must attend the entire training program. Additional people beyond the first two may attend initial training if you pay our then- current training charge for each additional person (currently $500 per person per day). You also must pay for all travel and living expenses that you and your employees incur and for your employees' wages and workers' compensation insurance while they attend our initial training program. Training will occur after you sign the Franchise Agreement and while you are developing the Store. You and your attendees must complete the entire training program to our satisfaction before you may open your Store |
| Support | |
| Abbott's Frozen Custard | Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Yogurt Lab | |
| Marketing | |
| Abbott's Frozen Custard | Co-op advertising, Ad slicks |
| Yogurt Lab | |
| 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) |
| Yogurt Lab | |
Expansion Plans |
|
| US Expansion | |
| Abbott's Frozen Custard | |
| Yogurt Lab | |
| Canada Expansion | |
| Abbott's Frozen Custard | |
| Yogurt Lab | |
| International Expansion | |
| Abbott's Frozen Custard | |
| Yogurt Lab | |