So, you’re considering the thought of purchasing a franchise business. And I can tell you that it’s an exhilarating experience. One that will bring you many rewarding feelings and success. But I can also tell you that it won’t always be fun and easy. In fact, it’s a big responsibility that not everyone is prepared to handle.
So, you had better make sure that the company you choose is one that you are extremely passionate about. Oh, and also that the company has good statistics and isn’t plummeting.
But, that’s why I’m here. To give you the complete rundown on a specific franchise opportunity. So that you can make a decision that you feel confident about. And if you are passionate about frozen, healthy treats, then you have come to the right page.
Orange Leaf Frozen Yogurt is looking to expand and grow their company through offering franchise opportunities that will blow your mind.
This company is one of the best in the industry. And the numbers don’t lie. Of course, you will have to keep reading to find out more. But, overall, this franchise opportunity is taking the stage and becoming a leader in the industry.
So, if frozen yogurt makes your taste buds tickle, then you may want to hop on board and test out this business opportunity. Because there are plenty of benefits to owning this franchise. And the price range isn’t too bad either. Plus, who doesn’t enjoy a tasty frozen treat?
Let’s dive in and check out what this company is all about. So that you can make a decision on whether or not to pursue this business opportunity.
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The Orange Leaf Experience
If you’re searching for a creamy and frozen treat, then look no further. Orange Leaf Frozen Yogurt offers the ultimate experience when it comes to these delicious treats. Enjoy the flavor freedom at this store from the moment you walk in. You have the opportunity to choose from loads of flavors and toppings that will bring your taste buds to heaven.
Whether you are looking or a cup of frozen yogurt, a cone, milkshake, or even a creamy smoothie, at Orange Leaf, you choose whatever you are craving most. And that’s what flavor freedom is all about.
You have the chance to create a tasty concoction from whatever flavors you are craving. And you can be sure that each unique flavor is prepared daily and fresh. Using their special serving machines, these treats come out creamier and richer than ever.
What type of tasty treat will you come up with? The possibilities are endless. And I think that’s what makes this establishment so awesome. The fact that there are so many different options when it comes to choosing flavors and styles of treats that you are craving.
And you have the opportunity to come up with whatever you can imagine with the ingredients in the store. Challenge accepted?
What about the franchise side of this company? Well, it’s just as amazing. Sort of. Of course, there are some aspects that may make this opportunity a little risky. But, there are also a few things that you can definitely appreciate. Such as the benefits that they offer. Enough making you wait. Let’s check it out.
Franchise Details and Growth
The growth of a company and their franchise outlets can give you a good idea on how popular the opportunity is. But the turnover rate can also clue you into whether or not the business is in good health. Unfortunately, the two may collide and you end up having to do extensive research by connecting with the company. That’s the case here with Orange Leaf Frozen Yogurt.
Since they began offering the franchise opportunity back in 2009, they have definitely experienced an increase in growth. In 2011, the company had a total of 104 franchise outlets operating. And by the end of 2017, that number rose to 184 franchise locations.
However, the turnover rate is where it becomes concerning. Between the years 2011 and 2017, the turnover rate for this company was 22.17; which can potentially show a risk. But your best option is to contact the company to find the reasoning for those closings.
Although, it’s pretty easy to see why this company is experiencing steady growth. Considering the amount of financial transparency they offer to those that purchase a franchise through them. As a franchise owner with Orange Leaf, you will receive data on detailed expenses, average revenue numbers that are broken into quartiles, system-wide average revenue information, and the sales numbers from locations that are owned by affiliates.
With this high level of transparency, it makes your job as a business owner so much more simple.
But with the proper training and support that this company provides, you can also take advantage of the fact that you will have a better understanding of how to run the business. Not every company will offer this great deal of perks with their franchise opportunity. So, appreciate it while you can.
Fees and Requirements
When you take on the responsibility of franchising a business, you take on a lot of obligations that you are expected to handle. Your first duty as a franchise owner, or potential franchise owner, would be paying your first fee to get started. After you apply and become approved, of course.
The initial franchise fee for Orange Leaf Frozen Yogurt is extremely affordable and below average for this industry at around $10,000 to $15,000. This will give you a contract agreement term of 10 years. You can then choose to renew your contract for another 10 years if you wanted to keep it going. But the renewal fee is not currently recorded.
Once you purchase your inventory and other needs for your new business, you should expect to invest anywhere between $116,759 and $362,200. This investment range is also a reasonable range. Plus, you can take a breath of fresh air if you are an active or retired veteran. Because you will receive a 15% discount on your initial franchise fee.
And I personally think that’s an awesome way to thank our service members that are breaking into the business world.
But fear not. If you aren’t a veteran, you can still receive discounts if you purchase more than one franchise location. And you will also receive the territory rights to your location no matter how many units you purchase.
Although, there are two more fees that you have to worry about when purchasing this franchise business. The ongoing fees that will be based on your gross sales. A 4% royalty fee and a 1% advertising fee will be required from you. And as for the advertising, that fee is exceptionally low considering they use public figures to promote the business.
My Take on the Opportunity
What better way to enjoy a classic frozen yogurt treat than to have it completely made your way with as many topping creations as you desire? At Orange Leaf, that’s exactly what they serve. And honestly, I think with the growing popularity around frozen yogurt these days, this franchise business may be a smart one to invest in.
The price point is extremely affordable. And you even get discounts if you purchase more than one store. So, I think that could definitely persuade a few aspiring entrepreneurs. Not only that, but they offer veteran discounts. How awesome is that?
It seems to me that this is a company that truly cares about their customers and those that partner with them. So, keep that in mind when making your decision.
But honestly, I also love the fact that they are steadily growing at a decent rate. The one thing that concerns me a bit would be the high turnover rate. Especially since they offer such great financial transparency and other perks.
But for all we know, that turnover rate may be high due to entrepreneurs choosing not to renew their contract. In that case, it may not be considered too unhealthy for an opportunity. So, be sure to ask why the rate is so high.
However, overall, I would say that this opportunity definitely has some good potential. Depending on your specific expectations and needs, of course.
Concluding the Review
There could be many reasons as to why you are choosing to purchase a franchise business rather than begin your own startup company. Some people think that it may be easier. And in some cases, it can be. But honestly, there are a lot of things that you have to consider before making that final decision.
And we have gone through just about everything that you need to know in this review. At least the most important things. However, it’s still important that you get in touch with the company and ask relevant questions before filing an application for a new franchise.
Because the company can answer direct questions that the internet would never be able to answer. Shocker, I know.
But, overall, this franchise opportunity seems to be decent. With only a few things to feel concerned about. However, they do offer a great deal of benefits. So, that’s definitely a plus. If you feel connected to this opportunity, get a hold of Orange Leaf Frozen Yogurt and get started with the process of becoming a franchise owner for a location in your area.