Crumbl Cookies Franchise Cost, Profits, How To Open (2024)
Welcome to our comprehensive exploration of Crumbl Cookies franchise cost business. As we open up 2023, many promising entrepreneurs and investors are keen to reveal opportunities that pave the way for business success. Among the rising stars of the franchise world, one shines brightly in the niche of desserts – Crumbl Cookies.
This revealing blog post is set to dive headfirst into the cost, fees, profits, and process of opening a Crumbl franchise. We will methodically consider every aspect of this endeavor: from the history and uniqueness of this fast-growing franchise, the nitty-gritty of startup and ongoing costs, and potential profits to a step-by-step guide on how to open your own Crumbl Cookies franchise.
Content Outline
Know More About Crumbl Cookies Franchise
- Launching their delicious journey in 2017 in Logan, Utah, Crumbl Cookies was born from the innovative minds of cousins Sawyer Hemsley and Jason McGowan. Within a year of its inception, Crumble established a substantial footprint in the cookie arena, growing from a single-location start to a franchise boasting over 850 stores nationwide by June 2023.
- In today’s digital era, Crumbl Cookies swiftly recognized the power of social media. They harnessed it to construct a distinctive brand identity to a triumphant consumer reach. Their bright pink boxes, eye-catching cookie designs, and luscious drips of melted chocolate create aesthetically pleasing content that has amassed a profound social media following, boasting almost 7M TikTok followers and around 4M Instagram followers.
How to Open a Crumbl Cookies Franchise 2024
Franchise Application Process
Opening a Crumbl Cookies franchise begins with the application process, which can be broken down into the following steps:
1. Initial Inquiry
Reach out to Crumbl Cookies indicating your interest in becoming a franchisee. You can do this usually via their website’s ‘Franchise’ section.
2. Formal Application
If your initial inquiry is successful, you’ll be invited to submit a formal application. This will include detailed information on your financial situation, business experience, and your proposed location for the franchise.
3. Review of Application
The experts at Crumbl Cookies will meticulously review your application. This typically involves thoroughly analyzing your financial potential, experience, and proposed operational plans.
4. Discovery Day
Following a successful application review, you’ll be invited to an interview, typically called a ‘Discovery Day’. Here, you’ll meet with the franchise team, get a feel for the business culture, ask questions, and clarify any ambiguities.
5. Franchise Agreement
If all goes well at Discovery Day, the next step would be to sign the Franchise Agreement, which outlines the franchisor’s and franchisee’s responsibilities.
How Much Does Crumbl Cookies Franchise Cost?
Initial/ongoing costs | Costs/Fees (USD) | Details |
---|---|---|
Initial Franchise Fee | $50,000 | This is a non-refundable fee paid upon signing the franchise agreement, granting you the right to operate under the Crumbl Cookies brand name. |
Tech & Equipment Package | $23,300 – $167,650 | This includes the cost of tech equipment like the point of sale system, and other essential equipment for your store. |
Premises Lease | Varies | The cost can significantly vary depending on the location, size, and condition of the property. It’s not included in the initial franchise fee and is generally paid directly to the landlord. |
Initial Training Fee | $4,000 – $8,000 | This covers the cost of initial training provided by Crumbl Cookies to the franchisee. The cost may vary if the owner has previously owned a Crumbl franchise. |
Inventory | Included in the $347,666 – $691,783 Franchise Cost | Initial inventory required to open the franchise. |
Additional Equipment, Furniture | Included in Equipment Package | This covers necessary fittings, kitchen tools and bakery equipment like ovens etc. |
Ongoing Royalty Fees | 8% of Gross Sales | These are ongoing monthly fees paid to Crumbl Cookies to use their brand and receive continuous support. |
Marketing fees | 2% of Gross Sales | This is an ongoing fee paid to Crumbl Cookies to fund marketing campaigns and promotional efforts. |
Please note, these costs are estimates and can vary depending on multiple factors like location, size of outlet, time of establishment, etc. Before making investment decisions, I would also recommend consulting with a financial advisor or a franchise, and thoroughly reviewing the Crumbl Cookies Franchise Disclosure Document.
Related: Dutch Bros Franchise Cost 2024
Net Profit Margin for a Crumbl Cookies Franchise 2024
Estimates suggest that the average Crumbl Cookies franchise can expect a yearly profit of $314,000, resulting in an EBITDA margin of about 18%. However, it’s essential to consider these indicative figures; the actual net profit can vary based on location, operational efficiency, cost controls, and marketing effectiveness.
Crumbl Cookies Training and Support Program
Crumbl Cookies greatly values the success of their franchisees and thus provides comprehensive training and ongoing support.
- Initial Training
This includes an extensive program at the Crumbl Cookies headquarters covering various elements of running the business – operations, marketing techniques, service standards, managing essential software, and understanding the brand culture.
- On-site Training
Additionally, they provide on-site training to you and your team as you prepare for your store launch. This aims at hands-on learning and teaches essential practical skills for running the franchise.
- Ongoing Support
Crumbl Cookies believes in constant support. They provide operational advice, marketing guidance, periodic refresher training, software support, etc., to ensure the franchisees have everything they need to run their business successfully.
For more information visit Crumbl Cookies Website: www.crumblcookies.com
Wrapping Up
Considering the sense of community, customer loyalty, and strong social media presence of Crumbl Cookies, investing in a franchise seems promising. Despite the high crumbl cookies franchise cost, the potential for substantial returns and support from a successful and rapidly growing brand might make this a sweet and fruitful business venture.