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Below
are the answers to some of the questions people have before
purchasing a gelato franchise.
How long are the
average franchise agreement terms?
This depends heavily on the gelato franchise you choose.
Generally the first term is for 10 years and then you can
renew but there might be more fees associated with the renewal.
Can I own more than one gelato franchise store?
Yes, generally you can own as many gelato shops as you'd
like in your territory providing you can meet the financial
requirements.
How much does it cost to open a gelato franchise?
Depending on the type of shop (stand alone, kiosk, storefront,
etc.) you open and which franchise you choose, you'll need
somewhere between $150,000 to $250,000.
How quickly will I make a profit?
Your profits will depend on how well you run the business,
how good your location is, and how well you manage your
employees. There is no real way to average out how fast
you will see a profit because it depends on the individual
franchisee. Also due to franchising laws, gelato franchises
are unable to tell you how much you will make.
Do gelato franchises offer financing?
Yes, they typically do offer some financing for the initial
franchise fee. For the other costs, most gelato franchises
will connect you with a 3rd party lender.
Do most gelato
franchises offer training?
Yes. Most franchises offer in-depth training on running
a gelato business including marketing, budgeting, products,
and other aspects of the gelato business.
Can I sell my
gelato franchise?
Yes - typically you can sell your franchise to a person
who is pre-approved by your franchisor. Be careful of fees
assessed during this process.
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Your Own Gelato Shop!
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