Ben and Jerrys Info Web by RYEN RAYEED

Ben and Jerry's

rray2639_2 — 2023-12-18 14:40:07 UTC

Question 1: Will I be guaranteed an exclusive territory for the duration of the franchise term?

rray2639_2 — 2023-12-18 14:41:13 UTC

"Territory Granted: Franchisees will not receive an exclusive territory. The Franchise Agreement will specify an authorized location for the shop." No, you will not get exclusive territory.

Question 2: Is absentee ownership/passive ownership allowed?

rray2639_2 — 2023-12-18 14:59:31 UTC

No, the Ben & Jerry's is looking for franchise owners that "Will be active in the business."

Question 3: Which of the three general industries does the franchise fall into primarily?

rray2639_2 — 2023-12-18 15:00:09 UTC

They are primarily a distribution company selling and distributing their ice cream to wholesale retailers such as wal-mart.

Question 4: What is the main industry that this franchise is in?

rray2639_2 — 2023-12-18 15:05:52 UTC

It is in the food processing industry.

Question 5: What is the initial franchise fee?

rray2639_2 — 2023-12-18 23:37:26 UTC

The start-up costs of opening a Ben & Jerry’s scoop shop can vary, depending on where, when and what you’ve decided to open.

Full-Size Shop (approximately 750 to 1200 sq. ft.) $194,800 to $474,300

Kiosk (approximately 100 to 200 sq. ft.) $112,700 to $256,800

Question 6: What is the royalty fee associated with the franchise?

rray2639_2 — 2023-12-18 23:38:45 UTC

There is a 3% royalty fee.

Question 7: Competitors in the area

rray2639_2 — 2023-12-18 23:43:22 UTC

Stewarts Shops is a major competitor in this area for ice cream as well as Sweet Frog which is a massive company with over 350 franchises across the U.S. and abroad.

Question 8: What year was the business first founded? When did the first franchise take place?

rray2639_2 — 2023-12-18 23:52:46 UTC

It was first founded on May 5, 1978 in Burlington, VT

The first franchaise opened in Shelburne, Vermont in 1981.

Question 9: How many units are currently established in the US? International?

rray2639_2 — 2023-12-18 23:57:48 UTC

205 ben & jerry locations

Question 10: 3 different methods of support and training for your franchise that the Company will provide.

rray2639_2 — 2023-12-19 02:35:34 UTC

They will waive the first 3 years of royalty fees and waive the franchise fee of $39,500 if 51% or higher of your business is considered a minority. They will also provide up to $2500 for approved entrepreneurial development expenditures.

Question 11: What is the minimum net worth that one would need in order to establish this franchise?

rray2639_2 — 2023-12-19 02:38:16 UTC

You need a minimum net worth of $350,000, with $100,000 in liquidity (cash and securities, not including retirement accounts).