- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$200K - $492K
- Units as of 2014
-
839
Company Overview
About TCBY and Mrs. Fields
Industry | Food |
---|---|
Related Categories | Frozen Yogurt, Cookies |
Founded | 1977 |
Leadership | Joyce Hrinya, CEO |
Corporate Address |
8001 Arista Pl., #600 Broomfield, CO 80021 |
Social | Facebook, Twitter |
Business Overview
Franchising Since | 1982 (42 years) |
---|---|
# of employees at HQ | 50 |
Where seeking |
This company is offering new franchises in the following US states: This company is offering new franchises in the following international regions: |
# of Units | 839 (as of 2014) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a TCBY and Mrs. Fields franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$25,000 - $35,000 |
---|---|
Initial Investment
|
$200,000 - $492,152 |
Net Worth Requirement
|
$250,000 |
Cash Requirement
|
$100,000 |
Veteran Incentives
|
Franchise fee waived |
Royalty Fee
|
6% |
Ad Royalty Fee
|
2% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | TCBY and Mrs. Fields has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Classroom Training | 2 weeks |
---|---|
Ongoing Support |
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Lease Negotiation
Field Operations
|
Marketing Support |
Ad Templates
National Media
Regional Advertising
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 5 |
Are exclusive territories available?
|
No |
Franchise 500 Ranking History
Compare where TCBY and Mrs. Fields landed on this year's Franchise 500 Ranking versus previous years.
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