6/10

Franchimp Summary Rating

4 /10
Higher than 62% of peers

Franchise Summary

Description
The franchisor offers franchises to own and operate TCBY-branded retail outlets in two different formats: a store and a kiosk. Both formats involve the sale of TCBY-branded frozen yogurt and related products.
Company Background
TCBY is a franchised brand with more than 2,500 stores in the United States and abroad. TCBY was founded in 1981 by John Ferrell and Don Schaeffer, who saw an opportunity to create a dessert-based franchise that would offer consumers an alternative to other food choices at their local convenience store. The company's signature product, TCBY frozen yogurt, began as one of the first self-serve frozen desserts on the market. As demand for this new type of product grew quickly, so did TCBY's focus on providing customers with great taste combined with healthy ingredients - which has remained true until today. Founded in 1981 by John Ferrell and Don Schaeffer, TCBY is still family
Franchise Opportunity
Owning your own business can be a very rewarding experience, but it's also a lot of hard work. You need to find the right franchise that fits your lifestyle and interests, and then you have to put in the time and effort to make it successful. Franchising can be a great way to own your own business, but it's important to do your research first. Not all franchises are created equal, so you need to make sure you're choosing a reputable company with a proven track record. TCBY is one of the most well-known and respected franchising companies in the world. With over 30 years of experience, we've helped thousands of entrepreneurs achieve their dreams of owning their own business. Our frozen yogurt stores are fun and inviting, and our products are loved by people of all ages.
Corporate Structure
TCBY Systems, LLC is a Delaware limited liability company formed on May 30, 2000, and their principal business address is 8001 Arista Place, Suite 600, Broomfield, Colorado 80021. They are a wholly owned subsidiary of Mrs. Fields Famous Brands, LLC
Royalties and Marketing Fees

Royalties : 6.0% of revenue

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Quick Service Restaurants (QSR) Industry

$331,554 / unit

Franchise Type: Standard

Average Revenue During 2022

$331,554
$331,554
Industry Low
$1,821,041
Industry High

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of TCBY Franchisees

TCBY Franchise System Development in 2022

FAQ

How much investment do I need to start my own TCBY business?
Franchisees typically require at least $486 to $697 investment to get their TCBY business started
What are the initial franchise fees for TCBY?
Franchisees typically need to pay at least $35 in fees directly to TCBY in order to earn the right to launch their business
How much money can I make with a TCBY franchise? What are the average revenues for a typical TCBY business?
We estimate that the average revenue of an individual TCBY unit is approximately $331,554. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a TCBY unit? What is my contractual commitment?
TCBY franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 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 $486,630 to $697,467 which is Much Higher than the $0 to $0 average in the Quick Service Restaurants (QSR) 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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