Are you in search of a well-established frozen yogurt franchise? Are you currently running a retail ice cream store but not satisfied with the profit margin? Have you been tirelessly searching the internet for reliable information about the sweetFrog yogurt chain?
Look no further! In this comprehensive sweetFrog Franchise Opportunity guide, we’ll delve into the sweetFrog along with its cost, fees, and profit potential and provide step-by-step guidelines to get this franchise. Additionally, we will address common questions that arise regarding sweetFrog chain.
- Brand: sweetFrog
- Founded: 2009
- Key People: Derek Cha
- Industry: Food & Beverages
- No. of outlet: 331+
- Area served: United States
- Franchise Fee: $30,000
- Royalty Fee: 5%
- Ad Royalty Fee: 3%
- Model: Franchise
- Initial Investment: $239,500 – $607,000
Table of Contents
Overview of sweetFrog Franchise
Established in 2009 in Richmond, Virginia, by Derek Cha and Annah Kim, sweetFrog, also known as sweetFrog – Premium Frozen Yogurt, is a renowned frozen yogurt franchise that has emerged as a prominent and respected yogurt chain in the United States.
Since its founding, sweetFrog has garnered acclaim for creating their own soft-serve frozen yogurt with numerous flavors and toppings, making it a sought-after destination for frozen yogurt enthusiasts in search of an exceptional and gratifying experience.
In addition to their renowned frozen yogurt, sweetFrog offers a diverse culinary experience with a wide selection of toppings and flavors to chose from. Visit the highlighted link to learn more about its diverse menu range.
With its diverse menu range, prioritizing quality over quantity, delectable taste, and unwavering dedication to quality, the SweetFrog chain has helped cultivate a devoted community of dessert enthusiasts throughout the United States.
At present, the sweetFrog chain operates in over 331 locations across the United States and has ambitious plans for further expansion both domestically and internationally.
One of the main reasons behind sweetFrog’s popularity is its self-serve frozen yogurt concept. What sets them apart is their unique offering that allows customers to unleash their creativity and personalize their frozen yogurt experience.
Does the little snippet on sweetFrog excite you to join their ever-growing franchising network? Hold on, we have a lot more to cover on this interesting chain.
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The Journey of sweet Frog Franchise
Started by visionary founder Derek Cha and his partner, who immigrated to the United States from South Korea, They shared a solo vision to create a fun and inviting environment for customers to enjoy premium frozen yogurt.
And, Guess what? sweetFrog has successfully expanded its footprint in both the domestic and international markets, boasting a total of over 300 outlets.
Key Facts on sweetFrog
Sr No. | Type | Private |
---|---|---|
1 | Trade Name | sweetFrog |
2 | Industry | Food & Beverages & Restaurants |
3 | Founded | 2009 |
4 | Founders Or Parent Company | Derek Cha and Annah Kim |
5 | Corporate Headquarters | Richmond, Virginia, U.S. |
6 | Number of locations | 331 + Outlets |
7 | Area served | United States and a few international locations |
8 | Model | Franchise |
9 | Menu offering | Frozen yogurt with toppings and flavors |
10 | Revenue | $13 Million(As per Zippia) |
11 | Website | https://www.sweetfrog.com/ |
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Why Consider Owning a sweetFrog Franchise?
- Exceptional menu offerings:
- Over the years, sweetFrog has positioned itself as a prominent leader in the food and beverage industry thanks to its self-serve frozen yogurt concept, allowing customers to unleash their creativity and personalize their frozen yogurt experience.
- Training and support:
- Interested franchise prospects can greatly benefit from sweetFrog proven business model and successful track record in operating its outlets.
- Additionally, the sweetFrog team offers an extensive training program that provides valuable insights into the company’s operations and day-to-day tasks.
- Interested franchise prospects can greatly benefit from sweetFrog proven business model and successful track record in operating its outlets.
- Marketing and advertising Support:
- As a franchisee, you’ll be able to leverage sweetFrog’s marketing campaigns social media promotion, and digital advertising to create awareness.
- Countrywide presence:
- As previously mentioned, sweetFrog has established a strong presence with over 300+ locations throughout the country, allowing prospective franchisees with the opportunity to be part of a well-known and respected dessert franchise.
- This widespread network of sweetFrog outlets ensures brand recognition and a solid customer base, making it an appealing choice for individuals looking to join the dessert industry and tap into a proven business model.
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How much does a sweetFrog Franchise Cost?
The cost of starting a sweetFrog location may depend on several factors, such as the outlet’s geographical location, the available floor area, and the investment required to furnish the space.
Additionally, the initial investment for sweetFrog chain includes the franchise fee, equipment costs, leasehold improvements, and working capital.
To embark on the journey of owning a sweetFrog franchise, potential franchisees should be prepared to make a minimum investment ranging from $239,500 – $607,000 for a restaurant space of minimum of 1000-1500 square feet, which presents an excellent opportunity for growth and success in the dessert business.
How much is the sweetFrog Franchise Fee?
The franchise fee for sweetFrog is $30,000. Furthermore, interested candidates may also be required to meet the minimum financial requirements of at least a net worth of $400,000 and at least $200,000 in liquid assets.
According to its official website, SweetFrog is also offering a discount of 20% on its initial franchise fee to active or retired military members
Additional Cost for sweetFrog
Operating and sustaining a SweetFrog location involves adhering to the franchise’s standards and incurring additional costs such as royalty fees, advertisement fees, maintenance fees, and other necessary investments.
The sweetFrog may charge a royalty fee of 5% and ad royalty fee of 3%, which will be calculated on monthly gross sales. These fees contribute to the ongoing support and promotion of the sweetFrog chain.
Type of Fee | Cost and other details |
---|---|
Initial Franchise Fee | $30,000 |
Additional discounts for Veterans | 20% of Franchise Fee |
Royalty Fee | 5% |
Ad Royalty Fee | 3% |
Term Period | 10 Yrs, renewable |
Leasehold Improvements | $105 – 240k |
Machines & Furniture/Fixtures | $56 – 220k |
Opening Inventory | $3.5k – 8k |
Grand Opening | $10k |
POS System | $3k – $5k |
Signage | $7k – $15k |
Total Initial Investment | $239,500 – $607,000 |
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How much is sweet Frog Franchise Profit Margin?
The profit margin of any sweetFrog yogurt chain may vary depending on the several factors such as average customer footfall, market condition, services offering, customer experience, and etc.
Additionally, according to the latest annual report of MTY group, the parent company of sweetFrog, Papa Murphy’s and Cold Stone Creamery has contributed approximately 23% and 19% respectively in system sales.
However, sweetFrog didn’t fall behind, securing the fifth position in system sales, potentially proving MTY’s acquisition of sweetFrog’s worthwhile.
Furthermore, with sweetFrog’ expertise in specialized frozen yogurt, a diverse range of flavors and toppings, an expanding customer base, exceptional training and support programs, and a diverse range of affordable menu for customers of all ages, new franchise owners will have the potential to achieve a healthy profit margin within a few months of their outlet’s operation.
Moreover, given the exceptional growth rate of the dessert industry, one can expect a net profit margin of 15-20% from a sweetFrog chain.
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What is the support offered by sweetFrog Franchise?
The sweetFrog team offers comprehensive support to franchisees throughout the entire process, from the initial stages of site selection and necessary setup, to a successful grand opening, and ongoing support thereafter.
Franchisees can rely on the expertise and assistance provided by the sweetFrog team at every step of the journey.
- Choosing the Perfect Location for Your SweetFrog yogurt Store
- Including the site selection, traffic analysis, and growth pattern
- Designing and Building Your sweetFrog Store
- Necessary Training and support
- KTEC Training for 5 Days
- In-store training for 3 Days
- Marketing Support
- Including social media promotion, online & offline marketing, and several promotional activities.
- Constant innovation
- Proper supply chain support
- Franchise Ownership: Guidance and Support
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Requirements for sweetFrog Franchise
- First and most important – One should be financially well-qualified and have good credit to start a sweetFrog location, and should be ready to invest a minimum of $239,500 – $607,000.
- Interested applicants will be advised to dedicate themselves to the sweetFrog business and follow the company standards and maintain their legacy.
- Interested applicants will have to undergo and complete the necessary training program offered by the SweetFrog team.
- Prospective applicants must possess a strong work ethic and unwavering dedication, as they will be actively involved during the initial stages of their new venture with sweetFrog.
- Interested franchisees should have passion to work in the Food and Beverages industry and should possess the leadership and financial skills to operate a sweetFrog frozen yogurt restaurant.
- One should/or their partner should meet the minimum financial requirement of at least a Net Worth of $400,00 and at least $200,000 in liquid assets.
What are the alternatives to sweetFrog Franchise?
Owning a franchise requires immense effort and before selecting a franchise, one should be aware of its competitor and the extra advantages of chosen brand against them.
While you initiate your research on sweetFrog, you may consider checking out these options:
Orange Leaf Franchise
Orange Leaf Yogurt chain was founded in 2008. Two entrepreneurs, Mike Liddell and Reese Travis, who noticed the business doing very well in the state. The piqued his interest in buying their franchise in 2009, later Liddell bought the company in 2010.
Currently, the chain boasts a presence of over 300 outlets across the globe, majorily located in the United State, Australia, and the Asian Market.
The chain is thriving for expanding their presence through aspiring candidates who have dreamt of venturing into the yogurt industry and build a gigantic customer base.
The initial investment for Orange leaf yogurt could range between $380,151 and $535,450, which includes the franchise fee of $30,000 for the traditional model and $15,000 for Non-traditional model.
Red Mango Franchise
Founded in 2007, one year prior to establishment of Sweetfrog and Kona Ice, Red Mango is another most popular frozen yogurt chain, with a presence of over 200 locations coutrywide.
The chain serves a diverse range of 100% all-natural and nonfat yogurt and more than 50+ varieties in menu.
The initial franchise investment for Red Mango is quite similar to sweetFrog. The total capital required for Red Mango franchise is $256,100 to $440,300, which includes the franchise fee of $30,000 and a royalty fee of 6% and 3% of Brand development fee (higher as compared with other two).
How to Get sweetFrog Franchise?
Opening a sweetFrog restaurant as a franchise owner involves a relatively moderate investment while offering an impressive gross profit margin.
Moreover, the sweetFrog restaurant chain brings numerous benefits, and interested candidates can leverage their expertise and comprehensive support systems to establish franchise outlets in their city.
One can avail this franchise using below mentioned steps;
- Visit its official franchising website by clicking on highlighted link;
- Fill in the necessary details like Name, Email ID, Phone Number, City, State, and city of interest.
After form submission, you may need to wait for at least 7-14 days to get a call/email from them. But, it may depend on number of applications they receive everyday.
Apply for SweetFrog Franchise here —>>> Application form
Final Takeaway – Conclusion
Undoubtedly, sweetFrog, which is a decade-old yogurt chain, has its roots in its Korean founder, who immigrated to the United States at the age of 12. Over the years, with its exceptional and diverse range of frozen yogurt flavors and toppings, sweetFrog has positioned itself as a renowned player in the dessert industry.
Within a quick span of 10+ years, sweetFrog has expanded its presence in more than 331+ stores countrywide. At present, sweetFrog is a wholly-owned subsidiary unit of MTY Food Group and is headquartered in Scottsdale, Arizona.
With an initial investment of $239,500 – $607,000, which includes a franchise fee of $30,000, the sweetFrog may offer an outstanding profit margin to its stakeholders and one may anticipate an exceptional gross profit margin and healthy net profit margin.
The Bottom line – In case you are interested in the Food and Beverages industry and want to take advantage of the opportunity with moderate investment, you can start a sweetFrog location in your city.
So, what are you waiting for? Go and start your entrepreneurial journey with SweetFrog!!
Good Luck!! Happy Franchising!!
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FAQ
How much does it cost to Start a sweetFrog Franchise?
The initial investment required to set up a sweetFrog outlet will be around $239,500 – $607,000, which also includes the franchise fee of $30,000.
How much does a sweetFrog Franchise owner make?
The income potential for a sweetFrog outlet owner may vary depending on several aspects including the outlet’s location, customer footfall and owner’s capability to operate a store. However, a franchise prospect may anticipate a profit margin of 15-18%.
Is SweetFrog Franchise Profitable?
Overall, sweetFrog has seen an exponential growth in its number of outlets, and its proven business setup with exceptional culinary experience may help new franchisee to expect a healthy profit margin.
How many locations does Sweetfrog have?
Currently, sweetfrog operates over 331 location worldwide, and all of them are franchise-owned.