Cinnzeo Franchise
Friday, April 30, 2010 at 11:09AM Quick-service cinnamon roll bakery
The founders of Cinnzeo got their start as franchise business owners for another cinnamon roll company in 1987. In the next 10 years, they opened 20 stores in Western Canada, but grew unhappy with the direction the company was aking. In 1997, the franchise business owners decided not to renew their contract and instead opened their own company. By 2000 Cinnzeo, now led by president Brian R. Latham, had grown from those original 20 stores to 64, expanding into the Philippines and parts of Southeast Asia.
Start-up Costs & Franchises Fees
What is the total cost to open a Cinnzeo Franchises?
Total Cost: $214,000 USD -$621,000 USD
Total Franchise Fees: $15,000 USD
Ongoing Royalty Fees: 7%
Ongoing Advertising Fees:
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: $4K
Contact Information for Cinnzeo
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Cinnzeo |
Phone Number: (403)255-4556 |
Cinnzeo In the Press
No results at this time.Historical Expansion
In what year did Cinnzeo begin operations? 1987
When did Cinnzeo begin selling franchises? 1998
Year United States Canada International Corporate 2004 4 16 27 4 2003 4 16 14 6 2002 7 16 11 5 2001 0 16 4 7 2000 0 15 3 7
Future Expansion
United States: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming,
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation
Franchise Operation Restrictions
Number of employees needed to run franchised unit: 2 - 6
Absentee ownership of franchise is allowed.
Qualifications & Business Experience
Business Experience:
Industry experience General business experience Sales & marketing experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes