Tropik Sun Fruit & Nut
At a Glance
Products & Services: Candy, nuts, popcorn, chocolates, gifts
Number of Locations:
Total Investment: $93K - 218K
Founded: 1980
Began Franchising: 1980
About Tropik Sun Fruit & Nut
Diversifoods Inc. was incorporated in 1980 and began operating Tropik Sun Fruit & Nut stores that same year. In 1983 the company began franchising. It has more than 100 locations in the United States and is based in Lake Bluff, Illinois.Startup Costs, Ongoing Fees and Financing
Total Investment: $93,000 - $218,000
Franchise Fee: $20,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: Varies based on lease term, renewable
Franchise Fee: $20,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: Varies based on lease term, renewable
Financial Requirements
Net Worth: $150,000
Liquid Cash Available: $35,000
Operations
10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 6 - 8. Absentee ownership of franchise is allowed. (65% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: As needed. At franchisee's location: During opening.
Ongoing Support: Newsletter, Meetings, Grand opening, Field operations/evaluations, Purchasing cooperatives,