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Units as of 2020
42 (10 lost in 3 years)
23.8%
2021 Franchise 500 Rank
N/R Not ranked last year
Initial investment
$227K - $484K

Company Overview

Jerry Hancock used his background in chemistry to develop a method of flash-freezing ice cream using liquid nitrogen. He and wife Naomi opened the first Sub Zero Ice Cream in Orem, Utah, in 2004, using this technology to offer customers the chance to customize their ice cream by choosing their milk base, flavors, mix-ins and texture. Sub Zero also offers a liquid nitrogen science education program that can be brought to schools.

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About Sub Zero Franchise Inc.

Industry
Food
Related Categories
Ice Cream, Ices, Frozen Yogurt
Founded
2004
Leadership
Jerry Hancock, CEO/Founder

Franchising Overview

Franchising Since
2005 (16 years)
# of employees at HQ
18
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
42 (as of 2020)

Franchisor Information

Corporate Address
62 W. Center
Provo, UT 84604

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Sub Zero Franchise Inc. 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
$35,000
Initial Investment
$227,450 - $484,000
Net Worth Requirement
$300,000 - $1,000,000
Cash Requirement
$75,000 - $1,000,000
Veteran Incentives
25% off franchise fee
Royalty Fee
6%
Ad Royalty Fee
2%
Term of Agreement
5 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
Sub Zero Franchise Inc. has relationships with third-party sources which offer financing to cover the following: 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
30 hours
Classroom Training
30 hours
Additional Training
By manual
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
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?
No
Can this franchise be run part time?
No
# of employees required to run
5
Are exclusive territories available?
Yes

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Franchise 500 Ranking History

Compare where Sub Zero Franchise Inc. 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 by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021
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