Ice cream is a perennial favorite among people of all ages. Selling ice creams at all gatherings has become a great trend, regardless of the event. As one of the top brands for premium service frozen ice cream mostly in (QSR) Quick Service Restaurant sector, Baskin Robbins offers guests and visitors throughout the world various ice cream flavors in a fun environment. BR is still looking for an extraordinary individual to provide new markets more flavors and more enjoyment. If you want to share your enthusiasm for goods and customers, join the Baskin Robbins Franchise & bring the new and interesting blooms to your favorite part of the world. In this post, we go through the costs and requirements for opening a Baskin Robbins franchise.
Baskin Robbins is one of the most well-known ice cream treat brands globally and the world’s largest ice cream specialty business. In 1945, the first business opened in California, USA. Baskin Robbins now has over 7000 stores across 50 countries. Global favorites like World Class Chocolate and Strawberry Cheesecake, as well as local favorites like Green Tea and Rum Raisin, are available at Baskin-Robbins locations across the world. Every business, no matter where else in the globe you go, will provide you with unrivaled quality and selection. Basin Robbins takes pride in having a great global brand. Collaboration & teamwork are key to ensuring that BR franchisees and licensees succeed wherever they do business.
Furthermore, the firm is extending its footprint in Asia & the Middle East as a result of its increasing popularity. The business also believes that the South African market has a lot of potentials. In order to do this, the business has signed a franchise deal to open upwards of 250 Dunkin’ Donuts shops and more than 70 Baskin-Robbins locations around the country over the next few years. Such growth plans should help the company’s bottom line. Chile, Thailand, the Philippines, and Germany have been highlighted by the firm as nations that drive outcomes. However, it is refining its restaurant look and hopes to have beta outlets open by the end of the year.
Baskin-Robbins Franchise Cost
For anyone interested in partnering with Baskin Robbins, there are three types of franchise possibilities available. The information on how to start the Baskin Robbins franchise may be found below.
The initial deposit for becoming a Baskin Robbins Kiosk Franchise is ten lakhs. The area necessary to open a Kiosk is 112 square feet, with a front requirement of 12 to 14 square feet, as advised by Baskin Robbins.
The minimum investment necessary to open a Baskin Robbins Parlors Franchise is $18,825.97, and the area required to open a Kiosk is 300 square feet, with frontage requirements of 12 square feet.
The minimum investment necessary to open a Baskin Robbins Ice Cream Lounge Franchisee is $22,895.8, and the area required to open a Kiosks is 500 square feet with a front need of 15 feet.
Baskin-Robbins Franchise Total Cost
The total Baskin-Robbins cost includes an initial Franchise Fee – $12,500 – $25,000. Then for the Real Estate Development, you will have to pay around $123,000 to $267,000, Then all the equipment, Trade Fixtures, and Signs will cost around $115,000 to $197,760. The restaurant technology system will be up to $1,440 to $15,000, Licenses, Permits Fees, and Deposits are $6,000 -$20,000. If you wish to open an inventory, the fees will be around $5,000 to $8,000; now, for the Miscellaneous Opening Costs, you have to pay $9,500 to $28,000. For Uniforms, Insurance, Travel, and Living Expenses While Training will be $400-$800, $3,500 to $8,300, and $1,000 – $9,000. For the marketing start-up, fees will be around $3,000 to $5,000, and finally, the additional Funds for the very first 3 Months of Operation will start from $0 to $52,500. So, the estimated total franchise cost will be from $280,340 to $636,360.
Baskin-Robbins Franchise Fees
The franchise fee for Baskin-Robbins is up to $25,000, with such a cumulative initial investment ranging from $93,550 to $401,800. The initial investments range from $93,550 to $401,800 in this case. Then there’s a $250,000 net-worth requirement. The First Franchise Fee would be up to $25,000 in the beginning phases. Then you’ll have to spend a 5.9% royalties charge on top of that. You will get a Baskin-Robbins franchisee with a small initial investment and all of the additional earnings.
Baskin-Robbins Franchise Expenses
This is where you’ll see the entire franchise costs. To buy a Baskin Robbins Kiosk franchise, you would need to spend about 14,787.43 rupees. A total of 5,378 rupees will be paid to the firm as franchise fees, which will cover the costs of training, advertising, project consulting, and the shop opening. Apart from that, a renewable security deposit of $672.16 is needed to be provided to the firm. A Baskin Robbins Parlor franchise will cost about $12,768.43 in terms of investment. Franchise fees will be paid for $7,399 of this total. The franchisee will also be asked to pay the firm an extra $587.45 as just a refundable security deposit. A lounge dealer requires a financial investment of about 20,800.98 rupees. There will be a franchise fee of $17,799.43 that will be paid to the firm. The franchisee must submit a refundable down payment of 5,378 rupees to the firm.
Baskin-Robbins Franchise Owner Salary
The Baskin Robbins owner’s salary is around $20, 00,00. But it depends on the location where the kiosk or the franchiser is located.
Baskin-Robbins Franchise Revenue
In 2018, Baskin-Robbins, an American-based quick service restaurant (QSR) business, produced roughly 48.13 million dollars in sales in the United States & 112.38 million dollars in its overseas locations. Over the last four years, this number has stayed pretty constant.
Baskin-Robbins Franchise Application Process
Typically, in total, there are seven steps to Buskin-Robbins franchise ownership, as follows:
- Make sure you’ve got enough capitalization.
- You should have a total cost of more than $94,000 to start a Baskin-Robbins business.
- Recognize the financial commitment that a franchise entails.
- You’ll need to include in the price of construction and real estate, as well as the investment in equipment & signage, permits and licenses, clothing, and insurance.
- Examine your previous experience and skills.
- Before seeking to open a Baskin-Robbins franchise, you should carefully consider your previous business experience.
- Examine the market’s availability.
- Before starting with both the franchising applications, you should check the appropriate ratio for Baskin-Robbins franchises to determine whether there are any open markets in your desired area.
- Send your application in.
- The Baskin-Robbins franchise team will examine your application. Upon acceptance of your application form, you will receive an email signed copy, along with the franchise owner’s contact information.
- Get your Baskin-Robbins franchise approved and start selling ice cream.
- Once the financial & background screenings are completed, you will be approved for a franchise. Just candidates who fulfill all the franchise owners’ standards will be approved.
- Can you buy the Baskin-Robbins franchise?
You may start a Baskin-Robbins franchise in two ways: purchasing an existing store or opening a new site. Each method does have its set of fees & costs.
If you want to acquire an existing location, the procedure would be a little simpler than opening a new one. Some aspects, like the royalty charge, marketing and promotion expenses, and so on, are identical.
But on the other hand, you will also have to fill out a different application, fulfill a certain set of criteria, and the Baskin-Robbins franchise prices will vary.
Ultimately, creating a brand new shop & acquiring an existing one has advantages and disadvantages, so you must decide which of these alternatives is best for you.
With this in consideration, Baskin-Robbins now provides “non-traditional shops,” which are smaller outlets at places like airports, public transit hubs, stadiums, campuses, and other similar venues.
These possibilities come with a variety of terms and conditions, but if you’re intrigued, you will want to contact Dunkin’ Brands directly to learn more.
Finally, in select markets, Baskin-Robbins provides “turnkey development options.” Compared to regular possibilities, these locations often demand less capital and are managed by Baskin-Robbins in terms of real estate, marketing, & construction.
- How much does a Baskin-Robbins franchise owner make?
Baskin Robbins, the franchise owner, thinks it pretty amazing. The profit margin at the Baskin Robbins booth looks to be around 50%. Baskin Robbins Parade & Baskin Robbins Lounge has a 46 – 48 percent range, whereas Baskin Robbins Lounge has a 52% margin.
- How much does the average Baskin-Robbins franchise make?
It will depend on whether they are paid or not. For the first ten years, an individual franchise owner can anticipate earning no more than 15 percent of current beginning expenses. Multiple shops can boost earnings by 0.5 percent to 2% per store, depending on the franchise; however, having upwards of one store demands more attention from the owner. Moreover, franchisees with four or more sites will find it easier to open new locations since they can typically finance new stores entirely with the current stores as collateral, requiring little or little financial investment.
- Can I open a Baskin-Robbins Franchise?
To purchase any existing Baskin-Robbins store, you must fulfill the purchase & selling agreement’s minimum financial requirements for the targeted market. The seller would direct you to complete the online registration when you contact them and sign a buy and selling agreement.
- Baskin-Robbins franchise net worth requirements
The initial prerequisites will differ based on where you want to open, as well as certain other site specifics. You may expect to pay upfront expenses from $94,350 to $402,200, as per the Baskin-Robbins. These expenses should cover everything you’ll have to open, including uniforms to all the fixtures & equipment, as well as the net worth requirement up to this point.
- How much money do you need to start a Baskin-Robbins franchise?
Some franchisors make things easier by offering a variety of services. For example, Baskin-Robbins claims mean sales revenue of $290,554 because of its 4,500 ice cream locations, but sales are broken down by area. These prices range between $186,906 in the Southeast to $344,587 in the West.
- Baskin-Robbins franchise owner income
The Baskin Robbins distributorship income is different for different types of the franchise. For a Baskin Robbins Kiosk, the gross margin comes to around 50 percent. For Baskin Robbins Parlour, the gross margin is 46 to 48 percent, and for Baskin Robbins Lounge, the margin comes around to 52 percent.
- Baskin-Robbins franchise profit margin
One of the fastest-growing areas of the food and dairy processing industries is ice cream. In 2016, the Indian ice cream industry earned much more than USD 1.5 billion in revenue, with revenue expected to reach around USD 3.4 billion by 2021.
- Baskin-Robbins franchise requirements
These prices range from $186,906 in the USA to $344,587 in the North. The cost of starting a Baskin-Robbins franchise is $25,000 per store. It is valid for 20 years. The franchise fee for Baskin-Robbins is around $25,000, with such a cumulative initial investment ranging from $93,550 to $401,800. Then there are the initial investments, which range from $93,550 to $401,800. The initial franchise cost will be about $25,000, with a total wealth requirement of $250,000.
- How much is a Baskin-Robbins franchise fee?
The cost of starting a Baskin-Robbins franchise is $25,000 per store. It is valid for 20 years. To start a Baskin-Robbins franchise, you must have a minimum net worth of $200,000. You’ll need $100,000 in liquid cash on hand.
- Baskin-Robbins Franchise USA
Burt Baskin & Irv Robbins, brothers-in-law, merged their ice cream parlors in California, Glendale, in 1945 to form Baskin-Robbins. Throughout World War II, Burt Baskin learned about ice cream while serving in the military.
- Baskin-Robbins Franchise value
The minimum franchise value for a Baskin Robbins Ice Cream Lounge franchise is $18,876,900. The area necessary to open a Kiosk is around 650 square feet with a frontage requirement of 20 feet per the Baskin Robbins guidelines.
- Baskin-Robbins Franchise worth
Since 1945, the firm has released over 1,300 varieties, including vegan & non-dairy options in 2019. The net worth of the Baskin-Robbins establishment on Melrose Avenue in Los Angeles, California, is US$115 million (2019).
How is Cannabis Dispensary Franchise better than Baskin-Robbins?
Owning a franchise is a significant investment that necessitates a large amount of cash. One cannabis franchise, for example, requires $750,000 of liquid capital as well as a total investment of up to $2.5 million. The cannabis dispensary franchise provides you much more earning than what the Baskin-Robbins will provide you. The cost of starting a Baskin-Robbins franchise is $25,000 per store. And to start a Baskin-Robbins franchise, you must have a minimum net worth of $200,000. You’ll need $100,000 in liquid cash on hand. But in return, the owner earns around $200 million, whereas a cannabis franchise owner earns much higher, around $450 million. There are many reasons for which you can choose the Cannabis dispensary franchise over the Baskin-Robbins franchise for its substantial investment costs, which can range up to $280,340 to $636,360 in the Baskin-Robbins but can range up to $3 million to $7 million in Cannabis dispensary units opening. Now that you have found out, you know which one to choose: the Cannabis dispensary franchise over any other franchise business.
What is the franchise fee of Baskin-Robbins?
– The franchise fee for opening a Baskin-Robbins is $25,000 per location.
What is the yearly revenue of the Baskin-Robbins franchise?
The Baskin-Robbins franchise’s yearly revenue is more than $ 1.5 billion in 2016 & is projected to generate revenue of around USD 3.4 billion by 2021.
What is the salary of a Baskin-Robbins franchise owner?
– The salary of a Baskin-franchise owner is around $200,554 based on the location.
To wrap up, we’d like to point out a few short facts about the brands that might help you decide whether or not to pursue this franchise. After reading this article, you will be able to quickly select the best franchise business for you from a variety of franchise kinds, including medical and fast-food franchises. With the aid of professionals, you can simply pick the Cannabis dispensary franchise unit above other franchises for a successful career in the medical field while also making a large sum of money! As a result, before investing a large sum of money in a franchise, learn about the profit margin as well as other important details.