Invest in Your Own Menchie’s Franchise with Confidence!
The startup cost for a Menchie’s Frozen Yogurt shop ranges from $300,000 to $350,000.
|Furniture, fixtures and related costs||$140,000|
|Less Tenant Improvement Allowance||— $20,000*|
|TOTAL AVERAGE COST (range)||$300K – $350K|
Qualified franchisees will have good credit and approximately $80,000-$90,000 in liquid assets and possess a net worth of approximately $350,000 in order to qualify for a Small Business Administration (SBA) commercial loan.
According to Item 7 of our 2016 FDD, here is a more detailed breakdown of our startup costs.
|Type of Expenditure||Amount||Method of Payment||When Due||To Whom Payment Is to be Made|
|$229,557 - $425,310|
|Franchise Fee||$40,000||Certified funds||At time of signing of Franchise Agreement||Us|
|Training Expenses||$500 - $3,500||Check, cash, or credit card||As incurred||Paid to various vendors|
|Development Services Fee||$1,920||As agreed to||At time of signing Franchise Agreement||Us|
|Rent Deposit||$4,000 - $8,100||As agreed to||As incurred||Landlord|
|Leasehold improvements||$70,000 - $170,000*||As agreed to||As incurred||Paid to various providers|
|Furniture, Fixtures, and Equipment||$90,737 - $132,800||As agreed to||As incurred||Paid to various required suppliers|
|Computer (POS) System||$800 - $5,990||As agreed||As incurred||Vendor|
|Signage||$2,100 - $10,000||As agreed to||As incurred||Vendor|
|Opening Inventory||$3,000 - $5,000||As agreed to||As incurred||Designated and approved suppliers|
|Uniforms, Merchandise, Equipment and Sales||$3,500||Certified funds||As incurred||Us|
|Initial Marketing||$3,500||As agreed to||As incurred||Vendors|
|Utility Deposits, Security Deposits, Business Licenses, etc.||$3,500||As agreed to||As incurred||Various govt. entities, utility companies|
|Inspection Fee||$0 - $1,500||As agreed to||As incurred||Us|
|Additional Funds - 3 Months||$6,000 - $36,000||As agreed to||As incurred||Various vendors|
Financing Options to Own a Frozen Yogurt Franchise
Menchie’s is on the SBA Registry. Also, Menchie’s Franchise Development Managers have experience helping franchise candidates explore other sources of financing, such as home equity lines of credit and self-guided IRAs, which can allow you to start a business using pre-tax dollars without penalties or paying income tax on the start-up dollars.
Each franchise candidate has a unique personal financial statement and individual goals. Menchie’s Franchise Development Managers will study your situation and educate you on your best financing options.
If you fill out our contact form, one of Menchie’s Franchise Development Managers will reach out to you to schedule a time to speak with you and begin the process of determining if we each fit what the other is looking for.