Franchimp Summary Rating
Higher than 92% of peers
Franchise Summary
Description
The franchised business being offered is Swig®, a drink shop serving specialty drinks and sweets.
Corporate Structure
The franchisor is Swig Franchising, LLC, a Utah limited liability company, which began offering and selling franchises under the Swig® brand in September 2022. Its principal place of business is 9350 S. 150 E., Suite 220, Sandy, UT 84070. Its direct parent is Swig Stores, LLC.
Franchise Types Available
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Employee Contact Database
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Distribution of Swig Franchisees
Swig Franchise System Development in 2024
FAQ
How much investment do I need to start my own Swig business?
Franchisees typically require at least $608,400 to $1,718,000 investment to get their Swig business started
What are the initial franchise fees for Swig?
Franchisees typically need to pay at least $63,500 in fees directly to Swig in order to earn the right to launch their business
How much money can I make with a Swig franchise? What are
the average revenues for a typical Swig business?
We haven’t done the math on how much revenue a typical
Swig brings in each year. We estimate that other
franchisees in the Food & Beverage industry generate
$1,201,697 revenue, so we would expect
Swig to generate a similar amount
How long do I need to commit to running a Swig unit? What
is my contractual commitment?
Swig 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
The Franchisor's investment costs ranges from
$608,400 to $1,718,000
which is
Much Higher
than the $0 to $0 average in the Cafes & Coffee Shops 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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