Gofer Ice Cream

Ice cream
FREE Franchise Guide!
Franchise 500 Rank
N/R Not ranked last year
See the Full List
Initial investment
$229K - $411K
Units as of 2022
7 Increase 40.0% over 3 years

Gofer Ice Cream was founded in Connecticut in 2002. The idea was the brainchild of Jay Ragusa, who first thought of the name and concept five years earlier while earning his MBA. 

Following an eight-year career on Wall Street, working as an analyst in UBS’s institutional investment management division, Ragusa transitioned into entrepreneur mode, launching Gofer Ice Cream.

Gofer Ice Cream offers a wide range of products, including razzles, milkshakes, ice cream floats, ice cream cakes, Gofer bites, sundaes, and more. The ice cream offered features flavor twist and flavor fusion, both of which may be considered revolutionary flavor innovations. Additionally, the soft-serve is put in homemade waffle cones, and select toppings can be added. The shops offer hard ice cream, soft serve, fat-free treats like “Gofer Lite,” yogurt, and smoothies, as well as Italian ice and sorbets, blended ice coffee, and ice cream cakes.

Since beginning to franchise in 2006, Gofer Ice Cream has opened several locations in the United States.

Why You May Want To Start a Gofer Ice Cream Franchise

Opening a Gofer Ice Cream franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.

As you decide if opening a Gofer Ice Cream franchise is the right move for you, make sure you take time to explore the opportunity. Research the Gofer Ice Cream franchise and your local area to see if a Gofer Ice Cream franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Gofer Ice Cream has partnered with third-party financial lenders that may help cover the costs of the equipment, inventory, and startup. They also offer in-house financing for the accounts receivable and payroll if you qualify.

What Might Make a Gofer Ice Cream Franchise a Good Choice?

To be part of the Gofer Ice Cream franchise team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements. 

How To Open a Gofer Ice Cream Franchise

If awarded a Gofer Ice Cream franchise, franchisees receive great support from the Gofer Ice Cream brand throughout the franchising process. In addition to pre-opening training, Gofer Ice Cream franchisees receive support through brand awareness, marketing, research, and construction. Gofer Ice Cream franchisees also receive hands-on training and continued support after their franchise location has opened.

Before making any financial commitment or signing an agreement with Gofer Ice Cream, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing Gofer Ice Cream franchisees and ask the Gofer Ice Cream franchising team questions.

Find Your Perfect Franchise

Company Overview

About Gofer Ice Cream

Industry Food
Related Categories Ice Cream
Founded 2002
Parent Company Gofer Franchise Systems LLC
Leadership Jay Ragusa, CEO
Corporate Address 869 High Ridge Rd.
Stamford, CT 06905
Social Facebook, LinkedIn, Instagram

Business Overview

Franchising Since 2006 (18 years)
# of employees at HQ 4
Where seeking

This company is offering new franchises throughout the US.

# of Units 7 (as of 2022)

Information for Franchisees

Here's what you need to know if you're interested in opening a Gofer Ice 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 Information Circle
$25,000
Initial Investment Information Circle
$229,000 - $411,300
Net Worth Requirement Information Circle
$250,000
Cash Requirement Information Circle
$50,000
Veteran Incentives Information Circle
20% off franchise fee
Royalty Fee Information Circle
5%
Ad Royalty Fee Information Circle
2%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
Take Our Free Franchise Quiz!

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing Gofer Ice Cream offers in-house financing to cover the following: accounts receivable, payroll
Third Party Financing Gofer Ice Cream has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 56 hours
Classroom Training 21 hours
Ongoing Support
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
Yes
Take our quick quiz to find your ideal franchise

Sign Up for Our Franchise Newsletter

Stay up to date on the latest news and trends affecting the franchise industry.

Related Franchises

Are you eager to see what else is out there? Browse franchises that are similar to Gofer Ice Cream.

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

Franchise

School of Rock Taps Latin America Master Franchisor for United Kingdom Expansion

The music educator is taking a new step in its international expansion with a master franchise agreement in the UK — and a familiar face is leading the venture.

Franchise

Know The Franchise Ownership Costs Before You Leap

From initial investments to royalty fees to legal costs, take stock of these numbers before it's too late.

Franchise

What Franchising Can Teach The NFL About The Impact of Private Equity

The NFL is smart to take a thoughtful approach before approving institutional capital's investment in teams.

Franchise

Use These 3 Steps to Find The Perfect Franchise Opportunity For You

Once you've decided to buy, here are three steps for finding the franchise that's right for you.

Franchise

For Small Business Week, President Biden Sided With Labor Bosses Over More Than 5,300 Franchise Owners

With the president's veto of a bipartisan Congressional Review Act (CRA) resolution that would have overturned the expansion of the joint employer rule, the Biden Administration showed that it cares more about special interests than small business owners.

Franchise

McDonald's Introduces a New Dessert Inspired By 'Grandmacore' Trend

McDonald's will launch the "Grandma McFlurry," a limited-time dessert blending syrup, vanilla ice cream and candy pieces, as a tribute to comforting grandmotherly treats — and a nod to a TikTok trend.

See more franchise content
Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022