Think back to your childhood summers; spending the day at the pool or chasing down the ice cream truck. The fond memories of flavored ice. Ah, yes; snow cones. Cherry, rainbow, blue raspberry.
The original and yummy flavors of shaved ice. Perhaps one of the greatest icy treats of my childhood.
Now imagine opening your own franchise business for one of America’s most loved shaved ice. Imagine spending not only the summer but all year round, helping to make memories for children and families.
With amazing tasting ice flavors that can’t be topped. Bahama Buck’s was started in the 90’s and currently offers one of the best-flavored shaved ice around.
The franchise opportunity for Bahama Buck’s was started in 1993 and going strong to this day.
We’re going to take a look deep into this franchise opportunity and check out all the details.
So if you’re on the search for a franchise that serves yummy treats all year long, stick with me as I go through the complete review of this franchise opportunity.
Contents
It all started with a dream
A dream to not to have the average college-life j-o-b.
Blake Buchanan started Bahama Buck’s with the hope that he could skip out on a low-paying, boring job, and create a small business that the community would love.
Now, the establishment is well-loved and still serving up flavors that everyone enjoys.
Their list of frozen treats doesn’t stop at the shaved ice. They also offer smoothies and other frozen concoctions that are highly desired. The tradition of the original business is still alive and booming.
They take pride in being the #1 Sno server in the nation. And they won’t change that for anything. Considering a franchise opportunity with Bahama Buck’s? Well, you’re in for a treat.
You can put away the extreme business attire and throw on a pair of flip-flops to work. Even better, there is more than one option when choosing a vending location.
Whether you want to operate at a strip mall, or at a stand-alone venue, there are a few choices for you to decide from.
If your dream is to provide the community with a wonderful and well-loved frozen treat all year long, then keep reading and take a look into Bahama Buck’s franchise opportunity.
An inside look on franchising
Now that you have an understanding of what the company is about, let’s talk more about the actual franchise business end of the deal.
When you’re eyeing up a franchise opportunity, you want to make sure you take a look at the growth of the company and certain situations where franchisees are terminating or closing out their outlet.
Since opening the opportunity for franchising, there have been 95 outlets opened at the end of 2016. The growth of franchise outlets is actually pretty good.
In 2010, there were only 21 running outlets. So within 6 years, the growth is at 74. In my opinion, this number is extremely well for this type of business.
Although, the growth is not the only point that you have to consider. There are certain aspects such as the turnover rate and the amount of financial transparency that the company offers to franchisees.
Considering that the growth for 6 years was at 74, the turnover rate should be expected to be low.
You want a low turnover rate, because this means that there weren’t many franchises that terminated their agreement, transferred the outlet, or decided they weren’t making enough money to keep the business open.
Bahama Buck’s has a turnover rate of around 8. Although this number seems low, it’s getting pretty close to being in the risky range.
This number is calculated from an average of many different circumstances. So, if the rate freaks you out a little, you might want to contact the company directly and find out why the number is at an 8.
It could mean that there are just a low number of renewals.
However, that brings us to our next subject. The requirements for beginning a franchise.
The requirements for the opportunity
What are you getting into with franchising a business?
Have you given a deep thought about not only the cost but the agreement length?
What about the cost and length of a renewal?
All of these things need to be considered when beginning your franchise business. And you need to understand and accept them completely.
With Bahama Buck’s you’re going to be signing into a 10-year initial term agreement when you first invest in the franchise opportunity. After the 10-year contract is up, you can then renew your agreement for another 10 years.
However, they don’t explain how much a renewal will run you. So it’s definitely a good idea to ask the company when looking further into the opportunity.
As for the initial franchise fee, you’ll be dishing out around $29,500. But that’s not all. The average total investment will run you anywhere from $230,000 to $780,000. That’s a nice chunk of cash.
So you’d better ask the right questions to ensure you know exactly what you’re getting into.
When it comes to ongoing fees, you’re required to pay the company a 6% royalty fee and a 2% advertising fee. These are annual fees from your gross sales that you must pay for the entire time of your agreement.
Enough about what you are going to have to pay.
Let’s get into what this franchise opportunity will give to you.
Besides a pretty great profit of revenue (although they are not legally able to tell you how much you’ll make), you have the chance to claim territorial rights and the company will also assist you in choosing the most effective location.
The company also provides a good amount of financial transparency to franchisees. When signing into an agreement as a Bahama Buck’s franchisee, you will be able to receive average revenue numbers, detailed data on expenses, sales numbers from the locations that are company-owned, and other helpful financial aspects about the company.
This is extremely helpful when getting into a franchise opportunity because you don’t want to go into a business without any knowledge of their financial stats.
Overall, Bahama Buck’s doesn’t disappoint with their level of financial transparency.
Concluding the review
Bahama Buck’s is not only a wonderful establishment to visit and enjoy as a customer, but it’s also an incredible choice for a franchising opportunity.
There are many benefits that you get as a franchisee with this company, and it’s not just the money you’ll be making. You have the opportunity to provide your community with a terrific frozen treat for families to enjoy for years to come.
The company offers training and support so that you get the complete run-down of how to operate your new business.
So you never have to feel lost or confused.
Overall, I believe this is truly a remarkable opportunity and one of the best compared to other options in this specific industry.
Why I Prefer Lead Generation, A Scalable & Long-Term Business, Versus Franchising In 2019
The reason is obvious.
In franchising, I need to have a huge amount of cash to invest versus hundreds of dollars I can put into a long-term & thriving online business with no hassle.
This is the biggest advantage I can think of when you decide to start a lead generation business because it only costs you a few hundreds of dollars versus more than $500,000 to start a franchise, like Bahama Buck’s is offering.
I’ve been into different businesses in the past from MLM network marketing to Amazon FBA. Name it. But nothing goes beyond the ROI or Return of Investment I earned in lead generation since I started it in 2014.
I’ve spent some amount of money for each of these businesses but I remembered how I always have my fingers crossed to secure my monthly income.
Honestly, I wasn’t satisfied with the returns I got with these bundles of business models compared to what I earned in lead generation.
The lead generation business gives you amass of opportunities as an online entrepreneur. Not only gives you an edge among online marketers, the skills you learn (in our coaching program) is applicable to every aspect of your life.
Even if you invest in a franchising business, you can guarantee you can promote your products on the web more effectively than others.
Why?
In our lead generation coaching program, we don’t just give you the blueprint to a 6- to 7-figure business but the chance to hone your high-income mindset and online marketing skills, which are fundamentals in any business endeavors.
This is because the program itself is structured aiming to give you the opportunity to improve your skills—master them—to make you capable of producing $$$ using only the principles we’ll teach you.
No matter what happens in your digital assets and bank accounts, you have no worries. Because you master how to build your wealth faster than your peers.
Once done, we’ll give you the EXACT blueprint to guide you in earning millions quickly without doing fraudulent activities to others.
The exact steps that give me, as well as other successful A+ world-class online entrepreneurs—who applied the same principles—the road to the position where I am now. To me, you don’t have to play a guessing game to your income.
Your future financial freedom lies in your hands. It’s up to you on how you play the game well. In the field of business, being strategic is very important.
When delving into the franchising, the high-income skill and the mastery of online marketing are a must to get into the path of your target market.
To win against the Giants of your industry, you need to dominate.
How can you do it and pierce through all the noise?
For most of the small businesses, there is a high need of an increasing number of free lead generation traffic with an assurance of high quality customers through attraction marketing.
With the lead generation coaching program, I learned all of these things. This is the reason behind my success.
To date, I am earning more or less $50,000 per month with 88 lead gen sites I operate. Note, these are all my digital assets and still counting.
Around 7 months after I quit my job in a mundane 8 to 9-day job back in 2014, I made my first $2,800 monthly income and since then, I have been working my ass off to create more online properties to help more struggling small business owners around my locality.
Take a look at my first lead gen site in 2014 for a Limo company in Lansing, MI. It took me around 6 hours to make the simple website with a boosted performance on the search engine.
It generates a huge amount of leads for years now and I’m paid $750 per month for 4 years. That’s $36,000/ 6 hours = $6,000/ hour activity.
In a franchising business, you only have 50% chances of earning at least $50,000 and if you’re lucky enough to earn $250,000, you belong to the 7% franchisees across the US. That’s rare. But that entails a lot of work to maintain the business from manpower to dealing with physical goods.
Compared to the online business I do, I prefer this than any other types of business models out there.
Like I’ve mentioned earlier, the lead generation business is scalable. So, I don’t have to spend so much for the startup. It will only cost me hundreds of dollars for the program with 100% guaranteed success and ROI beyond expectations.
Further, I don’t have to spend so much for online marketing because I know how to utilize Google’s free traffic for the leads. With only more or less $50 per month for the website, I don’t spend more than that most of the time.
Apart from that, the lead generation business is an indestructible passive income because I let the internet do the work once each lead gen site ranks well and performs great in generating the bread and butter of every business, the leads.
There are many struggling small business owners in need of our help through the leads we deliver them.
Because of that, they’re renting it from us, which makes us like a virtual real estate because we let them rent these leads in exchange of a monthly payment.
Take a look at some of the few niches (among the multitudes of them) and created successful lead gen sites for each of them.
Across the US, there are 30 million small businesses operating, making it around 1.5 billion different markets you can take advantage and create your first lead gen site for that niche.
Through the lead generation, it generates phone calls from the customers to the respective service providers on autopilot. We rank these sites using the keywords, slap a tracking phone number on the site, forward the calls to the local business owner, & voila, the lead generation.
Since they’re out there online, I don’t have to spend so much time on monitoring the lead gen sites and rather spend it to building another lead gen sites to boost my income more than what I earn today.
When you develop high-income skill, you begin to develop financial confidence. That’s why I am here to give you an example of how my career changed when I build lead gen sites.
The lead generation coaching program taught me the skills to make multiple income streams with ease and making sure my dream of becoming a millionaire at 30 years old is possible.