Start-Up Costs and Fees |
||
| Planet Smoothie | Abbott's Frozen Custard | |
| Investment | 190150 - 358500 | 332254 - 571634 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 5.50% |
| Advertising Fee | 2% | 0.19Cents/Gal. |
| Year Founded | 1995 | 1902 |
| Year Franchised | 1995 | 1977 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Smoothie | Abbott's Frozen Custard | |
| 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 |
||
| Planet Smoothie | Abbott's Frozen Custard | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Smoothie | Abbott's Frozen Custard | |
| Training | 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. | 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. |
| 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 |
||
| Planet Smoothie | Abbott's Frozen Custard | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Planet Smoothie | |
| Abbott's Frozen Custard | |
| Franchise Fee | |
| Planet Smoothie | |
| Abbott's Frozen Custard | |
| Royalty Fee | |
| Planet Smoothie | 5% |
| Abbott's Frozen Custard | 5.50% |
| Advertising Fee | |
| Planet Smoothie | 2% |
| Abbott's Frozen Custard | 0.19Cents/Gal. |
| Year Founded | |
| Planet Smoothie | 1995 |
| Abbott's Frozen Custard | 1902 |
| Year Franchised | |
| Planet Smoothie | 1995 |
| Abbott's Frozen Custard | 1977 |
| Term Of Agreement | |
| Planet Smoothie | |
| Abbott's Frozen Custard | 10 years |
| Renewal Fee | |
| Planet Smoothie | |
| Abbott's Frozen Custard | |
Business Experience Requirements |
|
| Experience | |
| 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. |
| Abbott's Frozen Custard | |
Financing Options |
|
| Franchise Fees | |
| Planet Smoothie | |
| Abbott's Frozen Custard | |
| Start-up Costs | |
| Planet Smoothie | |
| Abbott's Frozen Custard | |
| Equipment | |
| Planet Smoothie} | |
| Abbott's Frozen Custard | |
| Inventory | |
| Planet Smoothie | |
| Abbott's Frozen Custard | |
| Receivables | |
| Planet Smoothie | |
| Abbott's Frozen Custard | |
| Payroll | |
| Planet Smoothie | |
| Abbott's Frozen Custard | |
Training & Support |
|
| Training | |
| 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. |
| 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. |
| Support | |
| Planet Smoothie | |
| Abbott's Frozen Custard | Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Planet Smoothie | |
| Abbott's Frozen Custard | Co-op advertising, Ad slicks |
| Operations | |
| Planet Smoothie | |
| 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) |
Expansion Plans |
|
| US Expansion | |
| Planet Smoothie | |
| Abbott's Frozen Custard | |
| Canada Expansion | |
| Planet Smoothie | 0 |
| Abbott's Frozen Custard | |
| International Expansion | |
| Planet Smoothie | |
| Abbott's Frozen Custard | |