16 Handles

16 Handles is a frozen yogurt franchise that also sells ice cream and smoothies. The frozen yogurt franchise 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.

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16 Handles Franchise Cost and Requirements for 2022

Background

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. 

Company Details

Headquarters: New York, New York
Founded: 2008
First franchise: 2010
Canada: No
International: No
B2B: No
# of units: 30+

Support and Training Offered By 16 Handles

In terms of support and training, franchise owners can expect hands-on instruction from site selection to grand opening. Additionally, you can expect a two-week comprehensive training program at corporate headquarters. You will also have access to all the brand's trademarks, approved suppliers, and exclusive operational tools.

2022 Franchise Requirements Needed to Own a 16 Handles Franchise.

What does a 16 Handles Franchise Cost?

16 Handles franchise fees for 2022:

Initial Investment: $228,250 - $671,000
Franchise Fee: $30,000
Royalty fee: 6%
Advertising: 2%
Cash Requirement: $300,000
Minimum Net Worth: $500,000
Fees for additional stores: $20,000 - $25,000

Is 16 Handles a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. 16 Handles is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is 16 Handles a Home Based franchise?

No. 16 Handles is not a home based franchise opportunity.

What Do 16 Handles Franchise Owners Make?

Click here to find out how much 16 Handles franchisees make. 16 Handles offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is 16 Handles a Master Franchise Opportunity?

Yes. 16 Handles is a master franchise opportunity. A master franchisee is responsible to recruit, train and support franchisees in their territory.

Does 16 Handles Offer a Veteran Discount?

No. 16 Handles franchise does not offer a veteran discount.

Is 16 Handles Looking for Franchisees in Canada?

No. 16 Handles franchise is not looking for Canada franchisees.

Is 16 Handles Looking for International franchisees?

No. 16 Handles franchise is not looking for International franchisees.

Additional Information

Additional Categories

Frozen Yogurt / Ice Cream

Number of Units Open

20-50 UNITS

Cash Required

More than $250,000

Master Franchise

Yes

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

16 Handles Franchises for Sale

Click Here to inquire about existing 16 Handles franchises for sale. We may have 16 Handles franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.