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Entrepreneur: Start & Grow Your Business

Kilwin's Chocolates Franchise

Chocolate, fudge, ice cream

Background

Founded: 1946 Franchising since: 1982
In 1947 Don and Katy Kilwin opened Kilwin's Bakery in Petoskey, Michigan. Soon after opening the bakery, the Kilwins began making candy. Six years later the Kilwins sold their bakery to focus on candy making full-time, and in 1978 sold the candy business to Wayne and Lorene Rose. The Roses began offering Kilwin's franchises in 1981.

Today Kilwin's Chocolates, now owned by Don and Robin McCarty, sells chocolates, fudge and ice cream from shops located in malls and strip centers across the country.

355 N. Division Rd.
Petoskey, Michigan 49770
Phone:
(231)439-0972


Franchisor is a privately-held company with 8 employee(s); 8 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 68 0 0 2
2008 71 0 0 2
2007 66 0 0 1
2006 50 0 0 2
2005 43 0 0 4

Where Seeking Franchisees
Not available in the U.S.

Exclusive territories available.
Territory size: 1 mile or less

Costs and Fees

Total investment: $400K-600K
Franchise fee: $40K
Ongoing royalty fee: 5%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No Yes
Payroll No Yes

Qualifications
Net worth requirement: $500K
Cash liquidity requirement: $100K-120K
Business Experience:
  • General business experience

Operations
  • 28% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 6
  • Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 1 week
  • At franchisee's location: 1 week

Ongoing Support
  • Newsletter
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations

Other marketing support
  • Promotions & marketing assistance

Rankings

Franchise 500® rank:
#266 (2009); #260 (2008); #497 (2007);