4/10

Franchimp Summary Rating

4 /10
Higher than 64% of peers

Franchise Summary

Description
As a franchisee, you will own and operate robotic soft serve vending kiosks that dispense frozen yogurt and other frozen soft serve treats in approved locations such as museums, entertainment venues, retail locations, business offices, hotels, hospitals, schools, universities and industrial facilities.
Company Background
Reis & Irvy's is the world's first robotic soft serve vending kiosk company. We are a franchisee-based business model, which allows for scalable growth in an industry that was previously unavailable to entrepreneurs. Our robots dispense frozen yogurt and other frozen treats in approved locations such as museums, entertainment venues, retail locations, businesses offices, hotels, hospitals schools universities and industrial facilities. Reis & Irvy's is trademarked with the US Patent Office and has filed patents for future innovations in this space of technology.
Franchise Opportunity
You want to be your own boss and work when you want, but you don't have a business background or the startup capital. We've got you covered! Our proven system will get your Robots up and running in no time. All our kiosks are self-contained, so there's no need for an expensive storefront location, employees or any other overhead expenses. And since robots can run 24/7 without breaks or vacation days, we'll pay out more money than with traditional businesses! Reis & Irvy's is proud to offer this exclusive opportunity that allows anyone with a passion for frozen yogurt to become their own boss and earn extra income from home by operating robotic soft serve vending kiosks (Robots). The Reis & Irvy's franchise package includes everything needed to open multiple Robots including the Robot itself; all necessary supplies; start-up materials; training program; marketing support tools such as social media content
Corporate Structure
Reis & Irvy’s, Inc. was organized as a Nevada corporation on March 7, 2016, and they began offering franchises in the United States in April 2016 and in Canada in June 2016. Their principal place of business is 2620 Financial Court, Suite 100, San Diego, CA 92117.
Investment and Franchisee Fees
The total investment necessary to begin operation of a Reis & Irvy’s franchise business is $183,450 to $683,900. This amount includes $22,500 to $600,000 that must be paid to the Franchisor.

FAQ

How much investment do I need to start my own Reis & Irvy's business?
Franchisees typically require at least $151,700 to $332,200 investment to get their Reis & Irvy's business started
What are the initial franchise fees for Reis & Irvy's?
Franchisees typically need to pay at least $15,000 in fees directly to Reis & Irvy's in order to earn the right to launch their business
How much money can I make with a Reis & Irvy's franchise? What are the average revenues for a typical Reis & Irvy's business?
We haven’t done the math on how much revenue a typical Reis & Irvy's brings in each year. We estimate that other franchisees in the Food & Beverage industry generate $1,201,697 revenue, so we would expect Reis & Irvy's to generate a similar amount
How long do I need to commit to running a Reis & Irvy's unit? What is my contractual commitment?
Reis & Irvy's franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

4 /10
The Franchisor's investment costs ranges from $324,567 to $659,500 which is Much Higher than the $0 to $0 average in the Frozen Desserts industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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