Start-Up Costs and Fees |
||
| Yogurt Lab | Wendy's Milk Bar | |
| Investment | 313500 - 557000 | 100000 - 210000 |
| Franchise Fee | ||
| Royalty Fee | 6% of Gross Revenues | |
| Advertising Fee | 1% local | |
| Year Founded | 2011 | 1979 |
| Year Franchised | 2013 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Yogurt Lab | Wendy's Milk Bar | |
| Experience | Wendys franchisees take a hands-on approach to their business yet they understand the importance of following procedure and working within the Wendys system. Our franchisees are friendly, outgoing and determined to succeed. They love making other people happy and they are always positive and enthusiastic. Our franchisees understand the importance of customer service and building strong community relations. They are strong team leaders and they relate well to their staff. In fact, we often talk about our franchisees as having pink blood they live and breathe the Wendys brand; the outcome of which is almost always reflected in their success. If this sounds like you, then you're already well on your way to meeting the needs of becoming a Wendys franchisee. | |
Financing Options |
||
| Yogurt Lab | Wendy's Milk Bar | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Yogurt Lab | Wendy's Milk Bar | |
| 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 | When you join the Wendys franchise, your first step will be to take part in our franchisee training program where you'll learn about the Wendys philosophy and business approach as well as how to operate your store. The training program includes: *Three weeks of in-store training with an accredited trainer (before your store opens its doors) *One week at our National Support Office where you'll learn about the retail and management skills which underpin Wendys success We also provide ongoing assistance with staff recruitment programs and staff training, including customer service training and other management service programs. |
| Support | Wendys Private Website is a key resource for our franchise family. It contains a wealth of information and tools designed to make your life easier. In addition to our confidential Product, Operational and Local Area Marketing manuals, the site contains valuable business tools such as Wendys business planning and promotional plans. It also incorporates important news, promotional briefs and links to order merchandise, posters and vouchers online. As a franchisee, you'll be given your own Wendys email address, enabling you to contact head office and to keep in touch with other franchisees. | |
| Marketing | As a national network, we have developed a strong brand position in an increasingly cluttered and competitive environment. Keeping Wendys at the forefront of customer minds is an essential part of our success. To do this, we work with leading advertising and communications agencies to implement compelling advertising and marketing campaigns all designed to achieve excellent cut-through within our key target demographics. | |
| Operations | ||
Expansion Plans |
||
| Yogurt Lab | Wendy's Milk Bar | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion | Australia, New Zealand |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Yogurt Lab | |
| Wendy's Milk Bar | |
| Franchise Fee | |
| Yogurt Lab | |
| Wendy's Milk Bar | |
| Royalty Fee | |
| Yogurt Lab | 6% of Gross Revenues |
| Wendy's Milk Bar | |
| Advertising Fee | |
| Yogurt Lab | 1% local |
| Wendy's Milk Bar | |
| Year Founded | |
| Yogurt Lab | 2011 |
| Wendy's Milk Bar | 1979 |
| Year Franchised | |
| Yogurt Lab | 2013 |
| Wendy's Milk Bar | 0 |
| Term Of Agreement | |
| Yogurt Lab | 10 years |
| Wendy's Milk Bar | |
| Renewal Fee | |
| Yogurt Lab | |
| Wendy's Milk Bar | |
Business Experience Requirements |
|
| Experience | |
| Yogurt Lab | |
| Wendy's Milk Bar | Wendys franchisees take a hands-on approach to their business yet they understand the importance of following procedure and working within the Wendys system. Our franchisees are friendly, outgoing and determined to succeed. They love making other people happy and they are always positive and enthusiastic. Our franchisees understand the importance of customer service and building strong community relations. They are strong team leaders and they relate well to their staff. In fact, we often talk about our franchisees as having pink blood they live and breathe the Wendys brand; the outcome of which is almost always reflected in their success. If this sounds like you, then you're already well on your way to meeting the needs of becoming a Wendys franchisee. |
Financing Options |
|
| Franchise Fees | |
| Yogurt Lab | |
| Wendy's Milk Bar | |
| Start-up Costs | |
| Yogurt Lab | |
| Wendy's Milk Bar | |
| Equipment | |
| Yogurt Lab} | |
| Wendy's Milk Bar | |
| Inventory | |
| Yogurt Lab | |
| Wendy's Milk Bar | |
| Receivables | |
| Yogurt Lab | |
| Wendy's Milk Bar | |
| Payroll | |
| Yogurt Lab | |
| Wendy's Milk Bar | |
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 |
| Wendy's Milk Bar | When you join the Wendys franchise, your first step will be to take part in our franchisee training program where you'll learn about the Wendys philosophy and business approach as well as how to operate your store. The training program includes: *Three weeks of in-store training with an accredited trainer (before your store opens its doors) *One week at our National Support Office where you'll learn about the retail and management skills which underpin Wendys success We also provide ongoing assistance with staff recruitment programs and staff training, including customer service training and other management service programs. |
| Support | |
| Yogurt Lab | |
| Wendy's Milk Bar | Wendys Private Website is a key resource for our franchise family. It contains a wealth of information and tools designed to make your life easier. In addition to our confidential Product, Operational and Local Area Marketing manuals, the site contains valuable business tools such as Wendys business planning and promotional plans. It also incorporates important news, promotional briefs and links to order merchandise, posters and vouchers online. As a franchisee, you'll be given your own Wendys email address, enabling you to contact head office and to keep in touch with other franchisees. |
| Marketing | |
| Yogurt Lab | |
| Wendy's Milk Bar | As a national network, we have developed a strong brand position in an increasingly cluttered and competitive environment. Keeping Wendys at the forefront of customer minds is an essential part of our success. To do this, we work with leading advertising and communications agencies to implement compelling advertising and marketing campaigns all designed to achieve excellent cut-through within our key target demographics. |
| Operations | |
| Yogurt Lab | |
| Wendy's Milk Bar | |
Expansion Plans |
|
| US Expansion | |
| Yogurt Lab | |
| Wendy's Milk Bar | |
| Canada Expansion | |
| Yogurt Lab | |
| Wendy's Milk Bar | |
| International Expansion | |
| Yogurt Lab | |
| Wendy's Milk Bar | Australia, New Zealand |