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Auntie Anne’s is a sequence of pretzel bakeries. Anne F. Beiler and her husband, Jonas based this in 1988, in Lancaster, Pennsylvania. This firm serves merchandise resembling complementary dips and pretzels. Drinks like Lemonade Mixers in 5 fruity flavors and signature lemonade are additionally served by the corporate. It has over 300 franchisees with greater than 1,100 areas within the US and in 22 different international locations together with Canada, Greece, China, Mexico, Honduras, Eire, Japan, Egypt, Hong Kong, Bahrain, Philippines, Singapore, Thailand, Saudi Arabia, Kuwait, Malaysia, Venezuela, UAE, Taiwan South Korea, Indonesia and the UK. Its headquarters is in Pennsylvania.
The corporate has been franchising since 1991. Auntie Anne’s is famend for its fresh-baked, hand-rolled tender pretzels. With an At-Residence Baking Package its pretzel merchandise can be found for residence preparation. The franchised enterprise provides pretzel canines, lemonade, hand-rolled tender pretzels, Dutch Ice drink merchandise and different beverage & meals merchandise which are all ready with specified procedures and recipes.
Direct or oblique financing is just not provided by the franchisor. And franchisor doesn’t assure any lease, observe or obligation. Preliminary coaching is offered to the franchisees by the franchisor.
Franchisees are required to ship a minimal of three people for preliminary coaching as per Auntie Anne’s coaching rule. Profitable completion of all phases of coaching packages is obligatory for these people. Previous to opening a franchise enterprise it’s required that the franchisee and preliminary retailer supervisor to attend and full the coaching program efficiently. Coaching contains 100 hrs of each In-Retailer and classroom coaching modules. It’s obligatory for a franchisee to work in an present Auntie Anne’s outlet for minimal of 40 hrs week.
For the franchised enterprise, the time period of settlement will expire 20 yrs from the date of opening a retailer. The then-current franchise settlement can be signed by the franchisee at every renewal.
The corporate has 1,100 items worldwide. In an effort to make sure the success of the franchisees, Auntie Anne’s launched a company staff that’s dedicated to offer assist with the next:
- Authorized Help
- Buying assist
- Accounting assist
- Register Help and Data Techniques assist
- Expertise and Meals Science assist
- Communications and Public Relations assist
- Inventive Providers and Advertising assist
- Actual Property and Website Improvement assist
- Retailer Operations and Enterprise Consulting assist
Franchise Value:
- Franchise Price – $30,000
- Lease, Safety Deposits and Utility – $4,000 – $7,000
- Leasehold Enhancements, Fixtures and Furnishings – $90,000 – $190,000
- Tools – $31,500 – $34,500
- Enterprise Permits and Licenses – $175 – $600
- Preliminary Stock – $3,300 – $4,000 • Insurance coverage – $400 – $2,500
- Coaching – $1,000 – $7,500
- Grand Opening Promoting – $500 – $10,000
- Signage – $4,000 – $12,000
- Level of Sale Tools – $8,000 – $15,000
- Workplace Tools and Provides – $5,000 – $10,000
- Skilled Charges – $5,300 – $10,000
- Further Funds (3 months) – $15,000 – $51,000
TOTAL – $197,875 – $384,100
Ongoing Charges:
- Royalty Price – 7% of Gross Gross sales
- Advertising Fund and Promoting – 1% of Gross Gross sales
- Switch Price – $3,000 for every switch
- Entity Switch Price – $1,000 for every switch
- Sublease Price – $200 month-to-month or as agreed by Events
- Lease Renewal Price – $2,000
- Lease Documentation Late Penalty Price – $500
- Misplaced Firm Manuals Price – $700 per every lacking handbook
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Source by Thomas E White
