This company's data may be out of date.
- Total Units
N/A Yearly Data not available
- 2021 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$191K - $535K
Are you looking for guidance and expert advice?
Entrepreneur Franchise Advisors will guide you through the franchising process from start to finish, for FREE.
- Franchising Since
- 2012 (9 years)
- Where seeking
- Franchisor is seeking new franchise units worldwide.
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Cream franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $30,000 - $30,000
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $191,000 - $535,000
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
- $1,500,000 - $1,800,000
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
- $1,500,000 - $1,800,000
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- In-House Financing
- Cream offers in-house financing to cover the following: payroll
- Third Party Financing
- Cream has relationships with third-party sources which offer financing to cover the following: equipment, accounts receivable, payroll
Additional details about running this franchise.
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Are you eager to see what else is out there? Browse more franchises that are similar to Cream.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
A Sprinkle of Architecture Made Coolhaus an Ice Cream Powerhouse
Here's why inspiring joy is the secret ingredient to the company's success.
A Cup Of Ambition: Coffee Products Pour Into the Plant-Based Sector
As dairy gives way to other, plant-based milk alternatives, coffee and coffee-related brands innovate and adapt.
Dwayne Johnson and Dany Garcia's Business Strategy: Rethink Everything!
The Rock and business partner Dany Garcia have a rule: "We aren't attached to process. We're only attached to outcome."