Signing out of account, Standby...
- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$331K - $419K
- Units as of 2022
11 8% over 3 years
Here’s what you need to know if you’re interested in opening a Taste Buds Kitchen franchise.
Under the leadership of Jessi Brelsford, Taste Buds Kitchen was founded in 2007 to teach both children and adults simple cooking classes.
Since Taste Buds Kitchen’s opening, hundreds of thousands of clients have been taught the art of cooking. Participants range from ages 2 to 99, allowing Taste Buds Kitchen to be a family entertainment and education center.
Already with several locations since beginning to franchise in 2013, Taste Buds Kitchen is eagerly looking to cook up new locations with new franchisees.
Why You May Want To Start a Taste Buds Kitchen Franchise
Specializing in fresh cooking events, Taste Buds Kitchen may allow all to have access to cooking lessons. In addition to cooking lessons, Taste Buds Kitchen can host birthday parties, holiday camps, after-school programs, corporate events, and more. With such a vast audience, each Taste Buds Kitchen franchise may have the opportunity to succeed in many different ways.
The ideal Taste Buds Kitchen franchisee should be willing to follow a proven business model and work hard to meet company and personal goals. When joining the Taste Buds Kitchen franchise family, franchisees should be willing to work as team players.
What Might Make a Taste Buds Kitchen Franchise a Good Choice?
Franchisees will have the opportunity to meet other Taste Buds Kitchen franchisees at the annual franchise summit. This may allow franchisees to work together for the betterment of the brand.
To be part of the Taste Buds Kitchen 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 Taste Buds Kitchen Franchise
As you decide if opening a Taste Buds Kitchen franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Taste Buds Kitchen franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Taste Buds Kitchen franchising team questions.
Franchise support given to Taste Buds Kitchen franchisees may include a personalized website with online registration, a cloud-based management system, marketing, business analytics, and 24/7 online support. If awarded a Taste Buds Kitchen franchise, franchisees receive online and in-person training before opening day. They also may receive continual support from the Taste Buds Kitchen team even after opening their location.
It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a Taste Buds Kitchen franchise.
About Taste Buds Kitchen
- Franchising Since
- 2013 (9 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees worldwide.
- # of Units
- 11 (as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Taste Buds Kitchen 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.
- Initial Investment
- $330,970 - $418,925
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.
- Net Worth Requirement
- $300,000 - $350,000
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.
- Cash Requirement
- $100,000 - $120,000
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- $5,000 off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- 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.
- 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.
- Term of Agreement
- 10 years
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.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Taste Buds Kitchen has relationships with third-party sources which offer financing to cover the following: 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
- 30 hours
- Classroom Training
- 27 hours
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingMarketing Planning & SupportSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- 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.
- 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.
- # of employees required to run
- 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.
Interested in franchise ownership like Taste Buds Kitchen? Request a free consultation with a Franchise Advisor now.
Are you eager to see what else is out there? Browse more franchises that are similar to Taste Buds Kitchen.
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