Cool Cycles Ice Cream Co.
Date of Incorporation: 1995
Franchising Since: 2006
Headquarters: Washington
Description: The Cool Cycles Unit is a specially designed and equipped motorcycle with sidecar from which a franchisee will offer and sell products in neighborhoods and at events. The Mobile Kiosk is a specially designed and equipped motorcycle trailer used to transport, resupply and sell ice cream products. A franchisee will transport the Cool Cycles Unit on a Mobile Transport Unit, consisting of a specially designed and equipped trailer with a freezer unit and the capability of hauling Cool Cycles Units.
Franchise Offer: Cool Cycles offers a franchisee an opportunity to own and operate a franchise offering and selling at retail, from a Cool Cycles Unit and Mobile Kiosk, a limited menu of ice cream products, other complementary food and beverage items and related accessories and supplies under the Marks and using the Cool Cycles methods.
Financial Assistance: Cool Cycles Franchising affiliate’s, Cool Cycles Ice Cream Co. LLC, may offer financing to the franchisee on the terms and conditions described in their Franchise Disclosure Document. The amount of financing offered depends on the credit approval and on the actual cost of equipment options selected. If the franchisee qualifies, Cool Cycles Ice Cream Co. LLC may finance up to 50% of that equipment cost. They will normally not finance the initial franchise fee.
Territory: A franchisee will not receive an exclusive territory. A franchisee may face competition from other franchisees, from outlets owned by the franchisor, or from other channels of distribution or competitive brands that the franchisor controls.
Training and Assistance: The franchisee must successfully complete the initial training program. Any employee who will be an operator of a Cool Cycles™ Unit or Mobile Kiosk must first complete any mandatory operator training program. Cool Cycles Franchising may require that the franchisee, manager and employees complete additional training in the future at the Franchisee’s expense.
Obligations and Restrictions: The franchisee must devote their personal time and effort to managing and operating the business. The franchisee must reserve and exercise ultimate authority and responsibility over operation and management of the licensed business. The franchisee may offer for sale only products, services and brands approved by the Cool Cycles Franchising. And offer and sell only ice cream products that obtained from the franchisor or their approved or designated suppliers or vendors.
Term of the Franchise Agreement and Renewal: The length of the franchise agreement is 10 years. If the conditions are met, the franchisee may renew the terms under the then-current franchise agreement.
Investment Tables:
Initial Investment:
| Expenditure | Low | High |
|---|---|---|
| Initial Franchise Fee | $7,500 | $7,500 |
| Training Expenses | $500 | $1,500 |
| Real Property | $0 | $3,000 |
| Equipment, fixtures, other fixed assets, construction, remodeling, leasehold improvements and decorating cost | $32,500 | $48,500 |
| Inventory to begin operating | $300 | $1,000 |
| Security Deposits, utility, deposits, business licenses and other prepaid expenses | $0 | $1,500 |
| Marketing | $250 | $1,000 |
| Insurance | $250 | $3,000 |
| Legal and Accounting | $1,000 | $2,000 |
| Additional Fund for 3 months | $1,000 | $1,500 |
| Total | $43,300 | $70,500 |
Ongoing fees:
| Name of Fee | Amount |
|---|---|
| Royalties | $150 per month |
| Marketing Fee | $50 per month |
| Event Fee | Determined by event sponsor and the Franchisor |
| Operator Training | Currently $225 per trainee. |
| Additional Training | Approximately $225 per program per person. In addition, the franchisee is responsible for all compensation, salaries, benefits and travel-related expenses for yourself or any employees |
| Transfer | $2,000 |
| Renewal | Up to 50% of the then current initial fee |
The above information has been taken from the UFOC/FDD of Cool Cycles Ice Cream Co.
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