Yogen Fruz Worldwide Franchise
Thursday, May 13, 2010 at 12:56AM Frozen yogurt shop
Brothers Michael and Aaron Serruya, ages 19 and 20, wanted to buy a franchise, but no one would take a chance on them. So they started their own frozen yogurt shop,Yogen Fruz, in 1986 in Toronto, Ontario, and began franchising a year later. Their brother, Simon, joined the company in 1989, the same year Yogen Fruz expanded into the United States.
Now based in Markham, Ontario, Yogen Fruz has more than 1,520 units across the world in both traditional and nontraditional locations. The company also owns I Can't Believe It's Yogurt!, Bresler's Ice Cream and Yogurt, Swensen's Ice Cream, and Java Coast Fine Coffees.
Start-up Costs & Franchises Fees
What is the total cost to open a Yogen Fruz Worldwide Franchises?
Total Cost: $150,000 USD -$200,000 USD
Total Franchise Fees: $25,000 USD
Ongoing Royalty Fees: 6%
Ongoing Advertising Fees:
Term of Agreement: 7-10 years
Franchise Agreement Renewal Fee: 50% of current franchise fee
Contact Information for Yogen Fruz Worldwide
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Yogen Fruz Worldwide |
Phone Number: (905)479-8762 |
Yogen Fruz Worldwide In the Press
No results at this time.Historical Expansion
In what year did Yogen Fruz Worldwide begin operations? 1986
When did Yogen Fruz Worldwide begin selling franchises? 1987
Year United States Canada International Corporate 2003 1706 805 2806 10 2002 1687 795 2747 32 2001 1656 794 2746 32 2000 1822 311 2746 17 1999 1765 860 2617 76
Future Expansion
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
Meetings, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
International franchise business owners required to buy multiple units/master licenses; 5% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 4 - 7
Absentee ownership of this franchise business is not available to new franchisees. (100% of current franchise business owners are owner/operators)
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