Start a Pinkberry Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $295K - $508K

Units as of 2020: 80 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.

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 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.	$35,000
Initial Investment 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.	$295,440 - $508,050
Net Worth Requirement 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.	$250,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$127,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	20% off franchise fee
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.	6%
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.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 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	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? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	5-15
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.	Yes