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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$295K - $508K
Units as of 2020
80 Decrease 28% over 3 years

Pinkberry is a frozen yogurt offering yogurts, Greek-yogurt, and yogurt shakes brand founded by Shelly Hwang in West Hollywood, California, in 2005. The brand currently has more than 80 franchises in the United States.

Pinkberry’s main goal is to offer outstanding quality, service, and design. For instance, Pinkberry makes its products using fresh ingredients. Their yogurt is made with real yogurt and real milk. They also produce dairy-free products to help their appeal to all customers. 

But in-store frozen treats aren't all Pinkberry provides. Pinkberry may give clients the opportunity to be catered for different kinds of events. These events may include birthday and corporate parties, school events, weddings, conferences, family gatherings, among others.

Pinkberry began franchising in 2006 and is actively seeking to expand its reach.

Why You May Want To Start a Pinkberry Franchise

A Pinkberry franchisee usually pays attention to detail and especially cares about the customer service experience. Pinkberry is dedicated to providing quality service and products, so these traits are especially important. Because of this, it's not necessary to have any previous experience in the field to own a Pinkberry franchise.

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

What Might Make a Pinkberry Franchise a Good Choice?

Opening a Pinkberry 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.

To be part of the Pinkberry 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 Pinkberry Franchise

Currently, Pinkberry is looking for new franchisees all over the U.S. and has exclusive territories available. To start a Pinkberry franchise, the number of employees required is between 5 and 15. Before making any financial commitment or signing an agreement, you may want to speak to existing franchisees and ask the Pinkberry franchising team questions. 

As you decide if opening a Pinkberry franchise fee and other startup costs, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Pinkberry franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

If welcomed into the Pinkberry family, corporate will usually provide new franchisees with several dozen hours of on-the-job training, a few dozen hours of classroom training, extended ongoing support, and vast marketing support. 

It may be a good idea to speak with a financial advisor or attorney to ensure that you have the necessary financial resources to own and operate a Pinkberry franchise.

Find Your Perfect Franchise

Company Overview

About Pinkberry

Industry Food
Related Categories Miscellaneous Frozen Desserts, Frozen Yogurt
Founded 2005
Parent Company MTY Franchising USA Inc.
Leadership Eric Lefebvre, CEO
Corporate Address 9311 E. Via De Ventura
Scottsdale, AZ 85258
Social Facebook, Twitter, Instagram

Business Overview

Franchising Since 2006 (18 years)
# of employees at HQ 227
Where seeking

This company is offering new franchises in the following US states:

# of Units 80 (as of 2020)

Information for Franchisees

Here's what you need to know if you're interested in opening a Pinkberry 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
$35,000
Initial Investment Information Circle
$295,440 - $508,050
Net Worth Requirement Information Circle
$250,000
Cash Requirement Information Circle
$127,000
Veteran Incentives Information Circle
20% off franchise fee
Royalty Fee Information Circle
6%
Ad Royalty Fee Information Circle
2%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Financing Options

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

Third Party Financing Pinkberry has relationships with third-party sources which offer financing to cover the following: franchise fee, 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 80 hours
Classroom Training 40 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
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
# of employees required to run 5-15
Are exclusive territories available? Information Circle
Yes
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Franchise 500 Ranking History

Compare where Pinkberry landed on this year's Franchise 500 Ranking versus previous years.

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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