Have you been considering opening an ice vending machine business? Are you looking for an affordable business setup that may offer decent profit potential? Did your extensive research on Twice the Ice Chain land you here?
Undoubtedly, ice companies have witnessed remarkable growth and achieved new heights within the industry over time. Many savvy businesses recognized the immense potential in this market and seized the opportunity to carve out their own distinct space.
In this comprehensive piece, we will delve into one of the prominent players in the ice industry, Twice the Ice.
In this comprehensive piece, we’ll explore the Twice the Ice franchise, along with its cost, fee, profit potential, and requirements, and answer some of the most frequently asked questions about this chain.
- Brand: Twice The Ice
- Founded: 2003
- Key People: Ice House America
- Industry: Ice Vending
- No. of location: 4000+
- Area served: Nationwide
- Franchise Fee: $10,000
- Royalty Fee: ~9%
- Ad Royalty Fee: Included
- Model: Franchise
- Est. Initial Investment: US $60,000 – US $145,000
Table of Contents
Overview of Twice The Ice Franchise
Twice the Ice was officially founded in 2003 by its parent company Ice House America, primarily serves a quality of Ice bag and water.
The chain was started by visionary entrepreneurs who astutely identified the demand for a modern and efficient ice vending solution. As their innovative concept began to take shape, their vision garnered swift appreciation, and like-minded individuals soon rallied behind the mission.
Indeed, the collective efforts and determination turned several consumers into the Twice the Ice location owner, which has currently crossed over 4,000 ice and water vending machines worldwide.
Remarkably, in a relatively short span of just 15 years, Twice the Ice has successfully established and opened over 1,000+ locations. This astounding achievement translates to an average of over 66 outlets added each year.
Over the year, Twice the ice has established as a prominent brand in the market thanks to its affordable pricing and robust network of 24/7 self-serve ice vending machines strategically located at high-traffic areas across the nation.
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The Journey of Twice The Ice
In 2003, the founders of Ice House American found the potential in the Ice Industry. They started with a vision to revolutionize the traditional ice supply that oftentimes faced issues and drew flak from customers.
In no time, Twice the Ice devised a user-friendly system that transformed the ice vending experience for customers. With this innovative approach, patrons simply need to insert their money and select their ice preference – either a 16lb bag or a 20lb bag.
The chosen ice quantity is then conveniently dispensed directly into the customers’ containers or coolers. Well, the formula/system got succeed and Twice The Ice became a network of over 3300+ owners/operators.
Key Facts on Twice The Ice
| Sr No. | Type | Private |
|---|---|---|
| 1 | Trade Name | Twice The Ice |
| 2 | Industry | Ice Vending Machine |
| 3 | Year | 2003 |
| 4 | Founders | Ice House America |
| 5 | Headquarters | Moultrie, GA, US |
| 6 | Number of locations | Over 4000+ |
| 7 | Area served | Countrywide |
| 8 | Franchise model | Franchise |
| 9 | Product offering | Filtered Ice and Water |
| 10 | Revenue | NA |
| 11 | Website | https://www.twicetheice.com/ |
Why consider owning a Twice The Ice Franchise?
- Flexible and affordable franchise model:
- The franchise offers a flexible business model to its aspiring entrepreneurs, and one can take up its franchise with a minimum investment of $60,000 to $100,000, making it highly accessible and affordable franchise business.
- Proven track record of Success:
- As mentioned earlier, with in just 15 years, the chain grew over 1000+ locations and its experience of over two decade may provide extra benefit to its franchisee owner.
- Recession-resistant and evergreen business
- As a franchisee, you can rest assured that the demand for ice will never wane. Whether it’s scorching summer days, bustling events, or everyday requirements, the need for ice remains constant, making it a recession-proof and evergreen business opportunity.
- Brand Recognition:
- Over the years, the chain has already position itself as a prominent brand in the industry, which will eventually reduce the cost of marketing a fresh brand in your area.
- As a Ice Home America franchise owner, you can leverage brand’s reputation to garner its loyal customer base, resulting in a consistently revenue generating location.
- Over the years, the chain has already position itself as a prominent brand in the industry, which will eventually reduce the cost of marketing a fresh brand in your area.
- Best at choosing locations:
- Their strategy and technique to put their vending machine in high-traffic areas such as gas stations, supermarkets, and convenience stores ensure a steady flow of customers and boost the potential for sales.
- Potential for Multiple Locations:
- The franchise also provides multi location opportunities for aspiring candidates, ultimately providing extra hands to owner to increase their revenue and market presence.
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How much does a Twice the Ice Franchise Cost?
The initial cost of setting up a Twice the Ice location may vary depending on the outlet’s geographical location, available space, market potential, equipment, and more.
Nevertheless, To become an approved Twice The Ice Franchise owner, one may at least require an initial investment of minimum of US $60,000 – US $140,000.
This initial investment of Twice the ice does cover the franchise fee, marketing fee, and other necessary expenses.
Twice The Ice offers three different types of models, namely, Merchant, Kiosk, and Ice House. According to its official website, the merchant model requires an investment of $60,000 to $95,000, while Kiosk requires around $105,000 to $145,000, and Ice House demands a capital of over $145,000.
How much is Twice The Ice Franchise Fee?
The franchise fee for Twice The Ice may range between $10,000 and $15,000. Furthermore, though the Twice the Ice hasn’t mentioned any detail on its required net worth and liquidity, but one should at least have a liquid capital of $50,000 to $100,000.
Additional Cost for Twice The Ice
Typically, To run and operate a Twice The Ice location, one must adhere to their standards and are liable to pay a few additional costs such as Royalty fee, advertisement fee, maintenance fee, and a few other investments.
Twice the Ice demands a royalty fee of 9%, including the ad marketing fee, which will be calculated based on the monthly gross sales.
| Type of Fee | Cost & Other Details |
|---|---|
| Franchise Fee | $10,000 – $15,000 |
| Required Space | Min. 100 sq feet |
| Royalty Fee | 9% |
| Model | Franchise |
| Setup cost | $20,000 – $80,000 |
| Total Initial Investment | US $60,000 – US $145,000 |
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How Much is Twice The Ice Franchise Profit Margin?
Undoubtedly, owning and operating an ice vending machine proves to be highly cost-effective, as it demands minimal maintenance for its equipment and tools.
In addition to that running a vending machine doesn’t require any workforce and inventory, resulting in a better profit potential for its franchisee.
Nonetheless, considering the immense growth potential of the industry, affordable and flexible setup costs, proper training and on-going support, and a low-maintenance business model with high growth potential, one can certainly expect a monthly profit of $3,000 to $4,000.
It usually translates to a yearly income of $36,000 to $50,000 from a single location. After achieving initial success, you can proceed with multiple locations and boost your margins and net income to a significant amount.
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What will be the requirements to Own a Twice The Ice Franchise?
- Prospective investors should have strong financial qualifications and be prepared to invest a minimum of US $60,000 – US $145,000 to effectively manage and operate a TTI Franchise
- Interested franchisees should have a passion to work in the Ice Vending Machine industry and should possess an entrepreneurial spirit to grow the Twice The Ice business with complete ownership.
- Though the chain doesn’t demand any prior experience in the industry, having one would be an extra advantage for the owner.
- In order to become a franchisee, interested parties must complete the franchise’s training program and adhere to its standards set by the TTI.
- The franchise aspirants are expected to secure a land space of at least 200 sq feet to put up the system at the specified location.
What are the alternatives to Twice the Ice Franchise?
Undeniably, Twice the Ice stands as an impressive franchise opportunity that can be pursued with a minimum investment of $60,000.
For ambitious candidates keen on owning multiple locations, this franchise is also a viable option, offering the potential candidates a significant opportunity to increase their passive income.
But, if you are still considering its alternatives, then here you go;
Everest
Everest was founded in 2016 by three entrepreneurs who went on a trip to Africa and that’s were they realized the importance of fresh water.
Currently, the chain is headquartered in Apopka, FL, USA, owns 22,400 square feet of facilities, and has a presence in over 8 countries.
The franchise takes pride in making 10 pounds of ice for around $0.07, which a franchisee can sell for $2–$3, resulting in a gross profit margin of 98%.
In addition to that, Everest doesn’t charge any royalty fee from its franchisee, enabling them to earn a few extra bucks.
The Ice Depot
The Ice Depot claims to provide one of the affordable ice vending machine, which will be $20,000 cheaper than every other machine on the market.
It could be a great opportunity to place these units in Camp grounds, State parks, Gas & Service stations, and at shopping center & liquor shops.
How to Get Twice The Ice Franchise?
Owning a Twice The Ice Location Franchise requires a relatively low investment and, in return, may offer an impressive profit and ROI.
Nevertheless, the TTI chain may offer several benefits, and interested candidates can take up franchise outlets locally through their endless support systems.
One can avail of this franchise using the below-mentioned steps:
- To get the Twice The Ice location, one has to follow the given steps:
- Visit its TTI’ official website and fill in its franchising form with your personal information, such as Name, Email ID, Phone Number, City, Postal Code, Country, and other necessary details.
Final Takeaway – Conclusion
Undoubtedly, Twice The Ice chain is one of America’s leading ice vending machine brand that offers it franchise model at a minimum investment of $60,000.
You, as a franchisee can certainly leverage brand’s proven business model, low setup cost, and immense support systems to anticipate an annual income ranging from $36,000 to $50,000 from a single location.
With a commitment to innovation, customer-centric approach, and eco-conscious practices, the franchisees will not only benefit from its affordable setup systems but also can benefit from its growing customer base.
The Bottom Line: Overall, Twice the Ice offers a lucrative and compelling business opportunity for aspiring candidates looking to venture into the ice vending industry. One can also expect to recoup their investment within 18–24 months of their business operations.
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FAQ
How much does it cost to start a Twice the Ice Franchise?
Ans: To become an authorized Twice The Ice outlet owner, one should be ready to invest at least US $60,000 – US $145,000 with a floor area of minimum of 50-100 square feet.
Is Twice the Ice Profitable?
Ans: The profit margin for the Twice the Ice vending machine business may vary depending on the location, market potential, and more. Moreover, the ice vending industry is growing at exceptional pace and an aspiring franchisee can certainly anticipate a monthly income of $3000 – $3500.
How much does Twice The Ice Franchise owner make?
Ans: Though the franchise hasn’t disclosed any estimated profit figures, as per the industry standard, one can expect an annual income of $40,000 from a unit placed at a high visibility and footfall location.
