Opening Your Own Ice Cream Franchise
Imagine dipping a spoon into the most wonderful ice cream you’ve ever had. Maybe you had your favorite flavor mixed with hershey kisses, m&m’s, sprinkles or even fruit. That feeling you get is one you want to share with others and you think of how fun it would be to own your own ice cream franchise. You’ve been dreaming about it for years. You’ve thought about how you want your ice cream franchise to run, look and the product you’ll deliver. Now you’re ready to get started. We have the tools, a free downloadable Get Started Kit and information you’ll need to jumpstart your ice cream franchise and succeed at being your own boss.
Important Statistics about Ice Cream Franchises
Did you know that 42% of all retail sales in the U.S. are accredited to franchise operations?
The US Department of Commerce states that less than 5% of franchise businesses were closed each year from 1971 to 1987
Did you know that the number of Americans employed by franchised businesses is close to 9 million?
It is estimated that 1 in every 12 successful businesses in the U.S. is a franchise
According to the US Small Business Administration, almost 62% of all non-franchised business close within their first six years due to bankruptcy, failure or other reasons
Ice Cream Franchise Opportunities
Most of the successful ice cream franchises are those of very popular brands or stores like Coldstone. You may be tempted to go with a lesser known name, but there are many benefits of going with a name everyone knows. Product and brand recognition are important when it comes to consumer marketing. If people have had your product and already know they love it, then they will certainly become regular patrons of your ice cream franchise store.
Here are Some of the Top Ice Cream Franchises:
Carvel Ice Cream Franchise
Cold Stone Ice Cream Franchise
Dairy Queen Ice Cream Franchise
Dippin’ Dots Ice Cream Franchise
Ice Cream Shop Franchise Funding Information
There are several different ways to obtain funding to open your own ice cream franchise. Large initial investments and available liquid capital are most often used as insurance by most franchises. This can seem overwhelming and make your dream seem impossible if you don’t have a large sum of money in the bank or any assets. However, there are various options to attain the capital needed to open your ice cream franchise. Bank loans are a good option if your credit is in good standing. You can also borrow from family or friends if you choose or another option is to open up part of the profit to investors. For this option, you will need to make a small business plan and start networking your ideas. If you have a credit card with a high enough limit, you could also use it for a down payment. Make sure to include everything you will need to start your ice cream franchise in the loan. Be mindful of equipment, product and sustainability needs you will have.
If the above options are not available to you, you can also try the SBA ( United States Small Business Association ). The SBA guarantees 90% of loans up to the $200,000 or so and around 85% of what’s remaining. Interest rates are usually very reasonable, but do vary. Typical terms range from 5 to 25 years.
Ice Cream Shop Franchise Options:
* Stand Alone Store
* Mobile Cart
* Kiosk/Build-outs
* Trailer
* Mall Store Front
Stand Alone Ice Cream Store Franchise
This type of ice cream franchise can be a little more in rent than other options. You’ll have to weigh that against the type of traffic you might receive in a mall or established shopping center.
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