Start-Up Costs and Fees |
||
| Yogurt Lab | Abbott's Frozen Custard | |
| Investment | 313500 - 557000 | 332254 - 571634 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% of Gross Revenues | 5.50% |
| Advertising Fee | 1% local | 0.19Cents/Gal. |
| Year Founded | 2011 | 1902 |
| Year Franchised | 2013 | 1977 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Yogurt Lab | Abbott's Frozen Custard | |
| Experience | ||
Financing Options |
||
| Yogurt Lab | Abbott's Frozen Custard | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Yogurt Lab | Abbott's Frozen Custard | |
| Training | 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 | 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 |
||
| Yogurt Lab | Abbott's Frozen Custard | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Yogurt Lab | |
| Abbott's Frozen Custard | |
| Franchise Fee | |
| Yogurt Lab | |
| Abbott's Frozen Custard | |
| Royalty Fee | |
| Yogurt Lab | 6% of Gross Revenues |
| Abbott's Frozen Custard | 5.50% |
| Advertising Fee | |
| Yogurt Lab | 1% local |
| Abbott's Frozen Custard | 0.19Cents/Gal. |
| Year Founded | |
| Yogurt Lab | 2011 |
| Abbott's Frozen Custard | 1902 |
| Year Franchised | |
| Yogurt Lab | 2013 |
| Abbott's Frozen Custard | 1977 |
| Term Of Agreement | |
| Yogurt Lab | 10 years |
| Abbott's Frozen Custard | 10 years |
| Renewal Fee | |
| Yogurt Lab | |
| Abbott's Frozen Custard | |
Business Experience Requirements |
|
| Experience | |
| Yogurt Lab | |
| Abbott's Frozen Custard | |
Financing Options |
|
| Franchise Fees | |
| Yogurt Lab | |
| Abbott's Frozen Custard | |
| Start-up Costs | |
| Yogurt Lab | |
| Abbott's Frozen Custard | |
| Equipment | |
| Yogurt Lab} | |
| Abbott's Frozen Custard | |
| Inventory | |
| Yogurt Lab | |
| Abbott's Frozen Custard | |
| Receivables | |
| Yogurt Lab | |
| Abbott's Frozen Custard | |
| Payroll | |
| Yogurt Lab | |
| Abbott's Frozen Custard | |
Training & Support |
|
| Training | |
| 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 |
| 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 | |
| Yogurt Lab | |
| Abbott's Frozen Custard | Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Yogurt Lab | |
| Abbott's Frozen Custard | Co-op advertising, Ad slicks |
| Operations | |
| Yogurt Lab | |
| 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 | |
| Yogurt Lab | |
| Abbott's Frozen Custard | |
| Canada Expansion | |
| Yogurt Lab | |
| Abbott's Frozen Custard | |
| International Expansion | |
| Yogurt Lab | |
| Abbott's Frozen Custard | |