Start-Up Costs and Fees |
||
| Herrell's | Yogurt Lab | |
| Investment | 251000 - 367000 | 313500 - 557000 |
| Franchise Fee | ||
| Royalty Fee | 6% | 6% of Gross Revenues |
| Advertising Fee | 1% local | |
| Year Founded | 1973 | 2011 |
| Year Franchised | 1980 | 2013 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Herrell's | Yogurt Lab | |
| Experience | What we expect from a franchisee * A belief in the Herrell's Ice Cream product and system * Owner operation and interest in their community * Respect for employees * Franchisor respect and communication * Customer service that exceeds the norm (win that customer back every time they come into your store) * Cleanliness and neatness * Desire to succeed in one's own business | |
Financing Options |
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| Herrell's | Yogurt Lab | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Herrell's | Yogurt Lab | |
| Training | During your training you will receive detailed instructions as well as hands-on experience making our award-winning ice cream, including thorough familiarization with all equipment. | 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 | Since the proof of the ice cream is in the eating, Herrell's Ice Cream will provide you with our absolutely best tasting, richest and creamiest ice cream recipes which have been perfected applying years of experience. How and where to order your inventory of perishable ingredients and supplies is crucial. During your pre-opening days in preparation for your opening, our staff will assist you in contacting various suppliers and in placing your initial orders. Once you are in operation, a member of the franchise staff will visit you on a regular basis. Areas such as ice cream making, daily operations, expense analysis, staff evaluation and promotional ideas can be discussed. The Herrell's Ice Cream and Herrell's Development staff is very supportive and is always only a phone call or e-mail away. | |
| Marketing | ||
| Operations | ||
Expansion Plans |
||
| Herrell's | Yogurt Lab | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Herrell's | |
| Yogurt Lab | |
| Franchise Fee | |
| Herrell's | |
| Yogurt Lab | |
| Royalty Fee | |
| Herrell's | 6% |
| Yogurt Lab | 6% of Gross Revenues |
| Advertising Fee | |
| Herrell's | |
| Yogurt Lab | 1% local |
| Year Founded | |
| Herrell's | 1973 |
| Yogurt Lab | 2011 |
| Year Franchised | |
| Herrell's | 1980 |
| Yogurt Lab | 2013 |
| Term Of Agreement | |
| Herrell's | |
| Yogurt Lab | 10 years |
| Renewal Fee | |
| Herrell's | |
| Yogurt Lab | |
Business Experience Requirements |
|
| Experience | |
| Herrell's | What we expect from a franchisee * A belief in the Herrell's Ice Cream product and system * Owner operation and interest in their community * Respect for employees * Franchisor respect and communication * Customer service that exceeds the norm (win that customer back every time they come into your store) * Cleanliness and neatness * Desire to succeed in one's own business |
| Yogurt Lab | |
Financing Options |
|
| Franchise Fees | |
| Herrell's | |
| Yogurt Lab | |
| Start-up Costs | |
| Herrell's | |
| Yogurt Lab | |
| Equipment | |
| Herrell's} | |
| Yogurt Lab | |
| Inventory | |
| Herrell's | |
| Yogurt Lab | |
| Receivables | |
| Herrell's | |
| Yogurt Lab | |
| Payroll | |
| Herrell's | |
| Yogurt Lab | |
Training & Support |
|
| Training | |
| Herrell's | During your training you will receive detailed instructions as well as hands-on experience making our award-winning ice cream, including thorough familiarization with all equipment. |
| 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 | |
| Herrell's | Since the proof of the ice cream is in the eating, Herrell's Ice Cream will provide you with our absolutely best tasting, richest and creamiest ice cream recipes which have been perfected applying years of experience. How and where to order your inventory of perishable ingredients and supplies is crucial. During your pre-opening days in preparation for your opening, our staff will assist you in contacting various suppliers and in placing your initial orders. Once you are in operation, a member of the franchise staff will visit you on a regular basis. Areas such as ice cream making, daily operations, expense analysis, staff evaluation and promotional ideas can be discussed. The Herrell's Ice Cream and Herrell's Development staff is very supportive and is always only a phone call or e-mail away. |
| Yogurt Lab | |
| Marketing | |
| Herrell's | |
| Yogurt Lab | |
| Operations | |
| Herrell's | |
| Yogurt Lab | |
Expansion Plans |
|
| US Expansion | |
| Herrell's | |
| Yogurt Lab | |
| Canada Expansion | |
| Herrell's | |
| Yogurt Lab | |
| International Expansion | |
| Herrell's | |
| Yogurt Lab | |