Prospective franchisees require £75,000 of liquid capital for a total launch cost of £150,000, of which 50 per cent will normally be funded by a high street bank.
Jim Johnstone, UK general manager for the speciality ice cream franchise, says: “We have a great team here in the UK who are dedicated to helping franchisees grow their sales and profitability and with the introduction of our single store franchises we are opening up the quick service restaurant market to so many more people.
“The single store business opportunity also gives the team at Baskin-Robbins the chance to see how the store owner operates their store and to see what help they might need to go on to become great multi-store owners if they wish to do so - so it’s a win-win for both parties.”
Johnstone adds: “We can only ensure our brand continues to grow across the UK by getting the right franchisees on board and giving them the best support possible. Finding the right store location is key to a successful launch and each franchisee has a dedicated support manager to help with this.”
FRANCHISES FOR SALE
Baskin-Robbins sells in excess of 300 million scoops of ice cream each week across 6,700 stores in 50 countries.
Previously the company had a multi-store development strategy in place, where would-be franchisees were offered the chance to invest in a five-10-store portfolio.
You might also be interested in
- These five people made the move from employee to franchisee
- How-to guide: Bounce back from the lockdown
- “I’ve gone into franchising because I want my family to be financially secure”
- How STEM and the performing arts make for the perfect education combination
- Essential advice before buying a franchise