
Reis & Irvy's
Frozen yogurt and ice cream vending machinesThis company is no longer franchising.
- 2022 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$140K - $1.1M
- Units as of 2019
-
344 11,366.7% over 3 years
Company Overview
About Reis & Irvy's
- Industry
- Food
- Related Categories
- Vending Machines, Frozen Yogurt, Miscellaneous Food/Beverage Businesses
- Founded
- 2016
- Parent Company
- Generation Next
- Leadership
- Nick Yates, CEO
Franchising Overview
- Franchising Since
- 2016 (6 years)
- # of employees at HQ
- 34
- Where seeking
-
This company is seeking new franchisees in the following US states:
This company is seeking new franchisees in the following international regions:
- # of Units
- 344 (as of 2019)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Reis & Irvy's 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
- $10,000 - $100,000
- Initial Investment
- $139,950 - $1,114,150
- Net Worth Requirement
- $250,000
- Cash Requirement
- $120,000
- Veteran Incentives
- 50% off franchise fee
- Royalty Fee
- 12%
- Term of Agreement
- 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
- Reis & Irvy's 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
- 6 hours
- Classroom Training
- 10 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Can this franchise be run from home/mobile unit?
- Yes
- Can this franchise be run part time?
- No
- Are exclusive territories available?
- Yes
Interested in franchise ownership like Reis & Irvy's? Request a free consultation with a Franchise Advisor now.
Stock History for Reis & Irvy's
Ticker Symbol for Reis & Irvy's: VEND
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