Franchising Since: 1982
Headquarters: Salt Lake City, Utah
Estimated Number of Units: 200
Franchise Description: Mrs. Fields Franchising, LLC is the franchisor. The ultimate parent company is Famous Brands International, LLC. The franchisor currently offers franchises for retail stores and kiosks identified by the marks, which offer any products approved or required by the franchisor or its affiliates from time to time, including specialty snacks and other bakery items, desserts, and beverages such as cookies, brownies, cakes, muffins, bagels, croissants, cinnamon rolls, sticky buns, chocolate, chocolate-covered fruit, dried fruit, nuts, candies, popcorn and coffee.
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Sloan's Ice Cream
Amazing luxury ice cream, candy, chocolates, merchandise and decor create the Sloan's experience, but what really differentiates Sloan’s is the brand and systems we've created to replicate memorable experiences for all of our customers. Be a part of it!
Territory Granted: Franchisees are not granted an exclusive area or protected territory around the premises within which the franchisor or its affiliates agree not to issue franchises or operate competing businesses. Franchisees may not operate their store at any site other than the premises without the franchisor’s prior written consent.
Obligations and Restrictions: The franchisor recommends that franchisees participate personally in the direct operation of the store, although the Franchise Agreement does not specifically obligate them to do so. However, franchisees must either manage their store themselves or use a full time “on premises” manager. Both franchisees (or one of the entity owners, if they are an entity) and the manager of the store must be certified by the franchisor as having completed all phases of the training program to the franchisor’s satisfaction and must participate in all other activities required to open the store. In operating the store, franchisees must use and offer for sale all of, and only, the approved products and any other products or services that the franchisor mandates or approves from time to time for you to sell at the premises.
Term of Agreement and Renewal: The length of the initial franchise term is 10 years from the date the Franchise Agreement is fully executed. Franchisees may renew for one additional 10-year term subject to the conditions.
Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisee’s note, lease or any other obligation. The initial franchise fee is reduced to $25,000 if franchisees are an honorably discharged veteran of the United States military or if they are an existing franchisee. The franchisor also offers a first responders discount of 20% off the initial franchise fee for law enforcement officers, firefighters, and emergency medical technicians who have at least 10 years of experience.
Estimated Initial Investment
Store
| Name of Fee | Low | High |
| Initial Franchise Fee | $35,000 | $35,000 |
| Travel and Living Expenses While Training | $2,000 | $3,000 |
| Real Estate Lease | Varies | |
| Improvements and Equipment | $230,000 | $387,300 |
| Opening Product and Soft Goods Inventory | $5,000 | $10,000 |
| Grand Opening Promotion (if opening a new store) | $10,000 | $10,000 |
| Local Store Marketing | $2,000 | $2,000 |
| Deposits and Other Prepaid Expenses | $4,000 | $5,000 |
| Professional Fees | $9,000 | $10,000 |
| Insurance (3 months) | $2,500 | $3,500 |
| Coffee Preparation and Serving Equipment | $2,500 | $10,000 |
| Computer Hardware and Software | $1,500 | $8,050 |
| Additional Funds (3 months) | $8,000 | $12,000 |
| ESTIMATED TOTAL (not including real estate lease costs) | $311,500 | $495,850 |
Kiosk
| Name of Fee | Low | High |
| Initial Franchise Fee | $35,000 | $35,000 |
| Travel and Living Expenses While Training | $2,000 | $3,000 |
| Real Estate Lease | Varies | |
| Improvements and Equipment | $107,360 | $184,660 |
| Opening Product and Soft Goods Inventory | $5,000 | $10,000 |
| Grand Opening Promotion (if opening a new store) | $10,000 | $10,000 |
| Local Store Marketing | $2,000 | $2,000 |
| Deposits and Other Prepaid Expenses | $4,000 | $5,000 |
| Professional Fees | $9,000 | $10,000 |
| Insurance (3 months) | $2,500 | $3,500 |
| Coffee Preparation and Serving Equipment | $2,500 | $10,000 |
| Computer Hardware and Software | $1,500 | $5,150 |
| Additional Funds (3 months) | $8,000 | $12,000 |
| ESTIMATED TOTAL (not including real estate lease costs) | $188,860 | $290,310 |
Other Fees
| Type of Fee | Amount |
| Royalty Fees | 6% of gross revenue. |
| Brand Fund Contribution | 3% of gross revenue. |
| Local Store Marketing | Monthly minimum of $2,000, beginning at month 3 of operations and continuing for 9 months after opening. After the first year of operations, franchisees must spend a minimum of 2% of gross revenue or $1,000 per month, whichever is greater. |
| Technology Fee | None currently but may be charged in the future. |
| Training Fee | None currently but may be charged in the future. |
| Refresher/Additional Training | Then-current fees for such training, currently estimated at $500 per day per person plus travel expenses. |
| Computer System Compliance Fee | The greater of $500 per month, or the then current monthly rate of the software license. |
| Delinquent Opening Fee | $1,000 per month. |
| Late Payment Fee | $100 for each delinquent payment. |
| Late Reporting Fee | $100 for each delinquent report. |
| Interest Expenses | A rate equal to the lesser of the highest rate allowed under applicable law or 1.5% per month. |
| New Supplier Testing | The costs the franchisor incurs in evaluating a proposed supplier. |
| Advertising Cooperative | Not currently applicable. |
| Audit | Cost of financial audit. |
| Transfer Fee | 50% of then-current initial franchise fee for existing franchisees. |
| Renewal Fee | 20% of then-current initial franchise fee. |
| Interim Management Fees | 10% of gross revenues during the period of management. |
| Costs and Attorney’s Fees; Indemnification | Will vary under the circumstances. |
| Lost Revenue Damages | Will vary under the circumstances. |
| National Convention and Regional Meetings Fee | A reasonable fee for each of the attendees, although, currently, the franchisor does not charge this fee. |
| Fee for Failing to Attend Mandatory National Convention or Regional Meeting | A reasonable fee for the franchisee and each of their required representatives, although, currently, the franchisor does not charge this fee. |
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