One of the most popular ice cream stores on the market, Cold Stone Creamery is one of the hottest growing franchises on the market. A recognizable name, beloved brand and extensive marketing make this one of the best money-making business opportunities on the market. Understanding what it takes to get in on this opportunity is the first step in making cool profits.
Franchising vs. Independent Business Ownership
When deciding whether to start an independent business or buy a franchise, there are several factors to consider. While most new businesses fail within the first five years, franchises have an overwhelmingly high success rate. This is because franchises are businesses with established foundations, ongoing support and virtual road maps. Buying a franchise means that all of the kinks and bugs have been worked out, and you don’t have to make costly mistakes that can derail your investment.
Why Cold Stone Creamery?
In business since 1988, Cold Stone Creamery has more than 1,000 stores in the United States and 400 worldwide. With one of the lowest franchise fees in the food service industry, owning a Cold Stone Creamery is within reach of a wide range of franchisees. The Cold Stone franchise cost is $27,000 for the fee. Franchisees must also have a $250,000 net worth and 100,000 in liquid assets. These liquid assets cannot be financed. The franchisee will also need money for location leasing, building and staffing purposes. There are companies available that will finance all or part of the franchise fee. Most franchisees are able to open their locations within 12 months, and the average time to open is six months.
Cold Stone Creamery offers first class training with ongoing support. Franchisees are supported by local and regional managers who help to aid owners in their success. In addition, the company has an extensive public relations and marketing support team that will assist you in generating more business for your location. When you purchase the franchise, you will receive a dedicated manager who is tasked with making sure your location remains profitable and you have all of the tools you need.
When it comes to finding the best franchise for the money, Cold Stone Creamery offers the hottest profits on the market. Whether you are opening your first business or embarking on yet another entrepreneurial venture, Cold Stone Creamery is an excellent choice that will bring in huge profits.
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