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Thursday
May272010

Strickland's Franchise

Homemade ice cream & related products

Start-up Costs & Franchises Fees

What is the total cost to open a Strickland's Franchises?

Total Cost: $224,500-$337,000 USD
Total Franchise Fees: $25,000 USD
Ongoing Royalty Fees: 6%
Ongoing Advertising Fees: Not Available
Term of Agreement: 15 years
Franchise Agreement Renewal Fee: $500

Contact Information for Strickland's

Strickland's
388 S. Main St., #400
Akron, OH
44311

Phone Number: (330)564-1601
Toll Free: 866-478-7425
Fax Number: (330)564-1604

Franchise Homepage:

Strickland's In the Press

No results at this time.

Historical Expansion

In what year did Strickland's begin operations? 1936
When did Strickland's begin selling franchises? 2002

Year United States Canada International Corporate
2006 14 0 0 0
2005 13 0 0 0
2004 8 0 0 0
2003 1 0 0 0

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

Franchise Analyzer Professional's Inside Information

Can you buy this franchise for no money down? Yes
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
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