Many people are drawn to fast food franchising because it’s a great way to get a big return on a modest investment. Unfortunately, many of these same franchisees find themselves in trouble because they failed to adequately anticipate the cost involved in opening their own personal store.
One of the most attractive things about a Cold Stone Creamery is the low price tag associated with opening and operating your store. In fact, the Cold Stone creamery franchise cost is one of the most reasonable in the business.
To start, you need to have a $250k net worth, with at least $100k of that being liquid, non-financed funds. When you compare that to McDonald’s, which is three times as high, you begin to get a sense of the bargain a Cold Stone represents.
The franchise fee itself is just $25k, and the most the company estimates you’ll need to open your doors is around $450k. All things considered, these numbers are not high for many fast food franchise options.
Of course, startup costs are just one piece of the final puzzle. You also have to consider how much it costs to run the franchise on a day-to-day basis, which is yet another way in which Cold Stone shines.
When looking at the overall Cold Stone Creamery franchise cost, you have to realize that you only have to deal with a single product: premium ice cream. This drastically cuts down on the amount of high-priced equipment you’ll require, as well as raw materials and maintenance.
Consider a burger franchise. Most of them offer an assortment of burgers, as well as chicken sandwiches, tacos, chicken nuggets…they even have their own ice cream. Each different item requires storage space, different raw materials, and many will also carry the need for dedicated equipment.
Add it all up, and the price gets out of hand fast.
With Cold Stone, you have a few machines and your ice cream and toppings. That’s it. This immediately puts more cash in your pocket, as well as taking headaches off of your plate.
After all, it’s not enough to own the equipment. You also have to shoulder the costs of maintaining it, repairing it, and training your staff on how to use it. It’s not just a monetary cost, either – the cost in terms of your time can be immense.
When you have a simple menu of high-demand items, you can lower your overhead and spend more time enjoying the fruits of your investment. In the end, isn’t this the whole point of owning and operating your business?
When comparing your different franchise options, the Cold Stone Creamery franchise cost is sure to stand out to you. For far less than the cost of other fast food franchises, you can get an established, potentially successful business. It’s no wonder, then, that Cold Stone has become one of the most in-demand franchise opportunities on the market today.
If you’re thinking of entering the franchise business, consider Cold Stone Creamery and leave some money in your pocket.