- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$132K - $144K
- Units as of 2015
-
20
Company Overview
About Tikiz Shaved Ice & Ice Cream
Business Overview
| Franchising Since | 2012 (13 years) |
|---|---|
| # of employees at HQ | 5 |
| # of Units | 20 (as of 2015) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Tikiz Shaved Ice & 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
|
$15,000 |
|---|---|
|
Initial Investment
|
$132,000 - $144,000 |
|
Net Worth Requirement
|
$125,000 |
|
Cash Requirement
|
$25,000 |
|
Royalty Fee
|
$500/mo. |
|
Term of Agreement
|
20 years |
| Is franchise term renewable? | Yes |
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 | Tikiz Shaved Ice & Ice Cream has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
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 | 1 week |
|---|---|
| Classroom Training | 1 week |
| Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
|
| Marketing Support |
Ad Templates
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
Yes |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
Yes |
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