On a hot summer day - or any day - frozen yogurt is a desirous treat for people of all ages. Annually, Americans consume billions of pounds of frozen desserts. To cash in on the frozen dessert industry, consider investing in the 16 Handles franchise. The frozen yogurt franchise sells ice cream and smoothies and was established in 2008 by Solomon Choi, an entrepreneur who wanted to create an one-of-a-kind experience. 16 Handles' claim to fame is being the first self-serve frozen yogurt shop in New York City. Since it began franchising in 2010, 16 Handles has expanded to more than two dozen location across the country. Franchise owners benefit from a proven system that values technology to keep them ahead of the curve, as well as great unit economics. It has been recognized from 2016-2020 at the Best of Manhattan Awards for Frozen Yogurt Shop. As a franchisee, you benefit from additional revenue streams including third-party delivery partnerships and merchandise sales. While children may be thought of to be the core demographic, people of all ages enjoy going to 16 Handles. The average 16 Handles location ranges between 350 and 1,500 sq. ft. You'll need an additional 200 sq. ft. for storage depending on the location.
The financial requirements for a store is $228,250 - $671,000 to start, with a net worth of $500,000. For those interested in area developer deals in the U.S. or internationally, candidates need a minimum of $1 million in liquid assets and previous multi-unit experience in retail. A master franchisee $2 million in liquid assets and previous multi-unit experience operating 10 or more restaurant or retail stores.