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Gigi's Cupcakes LLC

2014 Franchise 500
#282
At a Glance

Products & Services: Cupcakes

Number of Locations: 95

Total Investment: $215K - $364K

Founded: 2007

Began Franchising: 2008

About Gigi's Cupcakes LLC

Gina "Gigi" Butler started Gigi's Cupcakes after her brother visited a cupcake shop in New York and told her that her recipes were better and she should open her own shop where she lived in Nashville, Tennessee. She continued running her cleaning business during the day, and at night she began baking dozens of cupcakes in her kitchen, and sold them to friends who were pharmaceutical sales reps to take on their medical staff visits. In 2008, she opened her shop. The shop's landlord, Alan Thompson, had a background in franchising, so with his advice and assistance, along with that of her family, she began franchising.

Franchise Units

Year U.S. Canadian International Company Owned
2014 87 0 0 8
2013 75 0 0 8
2012 59 0 0 3
2011 39 0 0 6
2010 14 0 0 2
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $215,000 - $364,000
Franchise Fee: $35,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $100,000

Franchise Ranking History

Franchise 500®: #282 (2014), #402 (2013), #409 (2012),
Fastest-Growing: #87 (2012),
Top New: #33 (2013), #40 (2012),

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