Start-Up Costs and Fees |
||
| Rita's | Yogurt Lab | |
| Investment | 15100 - 435000 | 313500 - 557000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6.50% | 6% of Gross Revenues |
| Advertising Fee | 3% | 1% local |
| Year Founded | 1984 | 2011 |
| Year Franchised | 1989 | 2013 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Rita's | Yogurt Lab | |
| Experience | ||
Financing Options |
||
| Rita's | Yogurt Lab | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Rita's | Yogurt Lab | |
| Training | 5 days at Cool University and 4 days on site | 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 | Cool Support Center, newsletter, meetings, toll-free phone line, grand opening, security/safety procedures, field operations/evaluations | |
| Marketing | Ad slicks, National media, Regional advertising | |
| Operations | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: average 2 full-time, 15 part-time | |
Expansion Plans |
||
| Rita's | Yogurt Lab | |
| US Expansion | Connecticut, Illinois, Indiana, Kentucky, Massachusetts, New Hampshire, New York, North Carolina, Ohio, Rhode Island, South Carolina, Tennessee, West Virginia | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Rita's | |
| Yogurt Lab | |
| Franchise Fee | |
| Rita's | |
| Yogurt Lab | |
| Royalty Fee | |
| Rita's | 6.50% |
| Yogurt Lab | 6% of Gross Revenues |
| Advertising Fee | |
| Rita's | 3% |
| Yogurt Lab | 1% local |
| Year Founded | |
| Rita's | 1984 |
| Yogurt Lab | 2011 |
| Year Franchised | |
| Rita's | 1989 |
| Yogurt Lab | 2013 |
| Term Of Agreement | |
| Rita's | 10 years |
| Yogurt Lab | 10 years |
| Renewal Fee | |
| Rita's | 50% of current franchise fee |
| Yogurt Lab | |
Business Experience Requirements |
|
| Experience | |
| Rita's | |
| Yogurt Lab | |
Financing Options |
|
| Franchise Fees | |
| Rita's | No |
| Yogurt Lab | No |
| Start-up Costs | |
| Rita's | |
| Yogurt Lab | |
| Equipment | |
| Rita's} | |
| Yogurt Lab | |
| Inventory | |
| Rita's | |
| Yogurt Lab | |
| Receivables | |
| Rita's | |
| Yogurt Lab | |
| Payroll | |
| Rita's | |
| Yogurt Lab | |
Training & Support |
|
| Training | |
| Rita's | 5 days at Cool University and 4 days on site |
| 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 | |
| Rita's | Cool Support Center, newsletter, meetings, toll-free phone line, grand opening, security/safety procedures, field operations/evaluations |
| Yogurt Lab | |
| Marketing | |
| Rita's | Ad slicks, National media, Regional advertising |
| Yogurt Lab | |
| Operations | |
| Rita's | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: average 2 full-time, 15 part-time |
| Yogurt Lab | |
Expansion Plans |
|
| US Expansion | |
| Rita's | Connecticut, Illinois, Indiana, Kentucky, Massachusetts, New Hampshire, New York, North Carolina, Ohio, Rhode Island, South Carolina, Tennessee, West Virginia |
| Yogurt Lab | |
| Canada Expansion | |
| Rita's | |
| Yogurt Lab | |
| International Expansion | |
| Rita's | |
| Yogurt Lab | |