Ben & Jerry's
#299

Initial Investment

LOW: $155,985
HIGH: $485,800

Change in Units

-1.4% -8 UNITS (1 Year)
-6.1% -36 UNITS (3 Years)

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Company Profile

Founded

1978

Franchising Since

1981 (35 Years)

Corporate Address

30 Community Dr. South Burlington, VT 05403

CEO

Jostein Solheim

Parent Company

Ben & Jerry's Homemade Inc.

Ticker Symbol

About Ben & Jerry's

Ben & Jerry's is named for its founders, Ben Cohen and Jerry Greenfield, who grew up together in Merrick, Long Island. In 1978, they took a $5 correspondence course on ice-cream-making, then leased an old gas station building in Burlington, Vermont to open their first ice cream shop. They began selling pints of ice cream to local restaurants and grocery stores out of Cohen's VW campervan. As Cohen had no sense of taste, he relied on "mouth feel" when eating, so large chunks of chocolate, fruit and nuts became a signature of their ice cream flavors. Cohen and Greenfield opened their first franchise in 1981. In 2000, they sold Ben & Jerry's to Unilever, but the company remains headquartered in Burlington, Vermont.

Financials

Financial Requirements

Initial Investment

$155,985 - $485,800

Net-worth Requirement

$350,000

Liquid Cash Requirement

$100,000

Ongoing Fees

Initial Franchise Fee

$16,000 - $37,000

Ongoing Royalty Fee

3%

Ad Royalty Fee

4%

Franchise 500® Rank History

Highest Rank: 65

Lowest Rank: 299

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new units internationally.

Operations & Franchisor Support

Training Onsite: 3-4 days

Training at headquarters: 8 days

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Field Operations

Marketing Support
Ad Slicks
Regional Media
National Media

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: August 3rd, 2016

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