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Entrepreneur: Start & Grow Your Business

Red Mango Franchising Co.

Frozen yogurt

Background

Founded: 2006 Franchising since: 2007
2811 McKinney Ave., #18
Dallas, Texas 75204
Phone:
(214)302-5910


Franchisor has 24 employee(s); 5 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 48 0 0 5
2008 36 0 0 8
2007 8 0 0 1
2006 0 0 0 0
2005 N/A N/A N/A N/A

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada, Mexico

Exclusive territories available.
Territory size: Varies

Costs and Fees

Total investment: $266.1K-437.6K
Franchise fee: $25K
Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable


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

Qualifications
Net worth requirement: $350K
Cash liquidity requirement: $150K

Operations
  • 21% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 10
  • Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators)

Training and Support

Training
  • At certified training store : 40 hours

Ongoing Support
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks
  • National media