The well-known frozen yogurt chain Orange Leaf was established in 2008. Since then, it has expanded to more than 300 locations in the United States and other nations. There are several expenses you should be aware of if you’re thinking about starting an Orange Leaf business.
For an Orange Leaf, the initial franchise cost is $15,000. To be eligible for a franchise, you must also have a minimum of $150,000 in liquid assets. Depending on the location and size, the overall cost to open an Orange Leaf might range from $218,000 to $373,000.
It’s important to keep in mind that depending on the brand, the prices to create a frozen yogurt franchise might differ significantly. For instance, Yogurtland charges a $35,000 initial franchise fee and can charge anywhere between $402,000 and $807,000. Contrarily, TCBY has a $25,000 initial franchise fee and total fees that can range between $352,000 and $669,000.
So, is the frozen yogurt industry successful? The success of a frozen yogurt franchise, like any other business, will depend on elements including location, competition, and marketing. The industry does have the potential to be profitable, though. IBISWorld estimates that the $1 billion yearly income frozen yogurt stores generate has increased at a rate of 3.7% per year between 2015 and 2020.
In conclusion, starting a franchise for Orange Leaf might require a sizable financial commitment, with startup expenditures averaging $218,000 to $373,000 in the first year. However, the frozen yogurt market has the potential to be profitable, and Orange Leaf is a well-known brand with a successful history.