Baskin Robbins USA Co.- Franchise Review
Baskin Robbins USA Co.- Franchise Review
The Baskin-Robbins USA Co. Was formed in the year 1945. It was created by Irv Robbins and Burt Baskin. Irv Robbins used to manage an ice cream shop when he was a teenager. It was at that time that Robbins grew bored with the regular ice cream flavors of vanilla and chocolate. He started to experiment with fruits and candies to introduce new flavors of ice cream. Robbins bought an ice cream parlor, after returning from the Second World War. Three years later, his brother in law Burt Baskin joined in his business. From both their names the brand name "Baskin and Robbins' was born. The "Baskin-Robbins USA Co." Has its head quarter in the Canton, Massachusetts.
The "Baskin-Robbins USA Co." And Their Franchisees
The "Baskin-Robbins USA Co." Has a presence in more than fifty countries worldwide. They have started franchising from the year 1948. According to the 2009 reports "Baskin-Robbins USA Co." has two thousand six hundred and one franchisee at the United States only. The number of Canadian franchises is one hundred and seventeen, the number of foreign franchises is at whooping three thousand three hundred and eighty two. Each of the franchise serves the famous 31 flavors of ice cream and frozen yogurt, drinks, cakes and sherbet, as well. The Baskin Robbins is part of the Dunkin Brands Inc. The Dunkin Brands Inc is owned by Bain Capital, The Carlyle Group and Thomas H. Lee Partners. The Baskin Robbins group is seeking franchisees for the domestic, as well as the international market.
The Cost And Fees To Become A Baskin Robbins Franchise
The total investment to become a full fledged Baskin Robbins franchise ranges between $ 41,450 to $ 3,73,595. The "Baskin-Robbins USA Co" charges franchise fee and ongoing royalty fee from their franchisees. The franchise fee charged by "Baskin-Robbins USA Co" is $ 5,000 to $ 35,000. The ongoing royalty fee is 5.9 percent. The term of agreement is not renewable with the "Baskin-Robbins USA Co". The "Baskin-Robbins USA Co" offers the option of express shop or kiosk to their franchisees. The "Baskin-Robbins USA Co" doesn't offer any financing option for franchise fee, startup costs, Inventory cost, receivable accounts costs and payroll costs. They only provide finance for the third party equipment cost.
The Desired Qualification To Become A Franchise
The "Baskin-Robbins USA Co" mentions that the person willing to take up the franchise should have a net worth of $ 1,200,000 and liquid cash of $ 600,000. The "Baskin-Robbins USA Co" prefers the franchise owner to have industry or general business experience. The person applying for the franchise should have the necessary marketing skills to run the business profitably and to increase the sales volume.
The Excellent Training And Support
The training is generally provided at the "Baskin-Robbins USA Co" head quarter only. The ongoing support is provided through news letter, meetings, toll free phone line, internet, safety procedure, field operations and grand openings. The extensive marketing support is provided to the franchise in the form of regional advertising. This is done to popularize and increase the business of the franchise.
The Baskin Robbins is a hugely popular brand name and quite a heavy weight in the ice cream industry. They also provide good support for the franchisees to develop business. Taking up the franchise of Baskin Robbins is a good idea. Most Affordable Health Insurance, Individual Health Plans, Hsas How To Find Good Health Insurance Sometimes, Deliberating What Does Acid Reflux Experience Like Helps Alleviate Anxiety In The Mind Master Cleanse Secrets Free-This is good to your skin and makes you feel relaxed and look younger Insurers Advised - Regain Trust And Improve Health Insurance For Individuals Inexpensive Health Insurance Health Insurance For the low income - Save Money and look after your health San Diego Acupuncture Treatments To Alleviate Pain Pros And Cons Of Various Occupations. Being A Doctor International Student Health Insurance How Small Business Health Insurance Works With Staff Retention Health Insurance Premiums - How to Reduce the Cost of Your Premiums Cheap UK Health Insurance