If you’ve ever had Menchie’s frozen yogurt, you’ve had a treat. And the “froyo” shop is growing and expanding into various cities across the nation, so it’s no wonder hundreds of people Google “Menchie’s franchise cost” each month in hopes of buying their very own store.
I love my local Ohio Menchie’s store — it’s a bustling and positive place, and I see why the YouTube video referenced below that shows an interview with a Menchie’s franchise owner proves that people in cold-weather states still love to eat froyo!People in Canada even love eating cold froyo in their cold climates.
Thankfully, there’s information out there about the cost of a Menchie’s franchise that gives us a clue to how much one of these popular frozen yogurt stores may run you.
How much does a Menchie’s franchise really cost?
The Menchie’s franchise, a store first founded in 2007, could cost you anywhere from $170,000 to $574,790, reports Entrepreneur — and shows how much the froyo store has grown in popularity over recent years.
According to the magazine, the franchise fee alone is anywhere from $25,000 – $40,000 — with an ongoing royalty fee of 6%.
You’re going to need a net worth of at least $500,000 — and $120,000 in liquid cash available.
In 2009, there were approximately 12 Menchie’s stores (with three company owned stores) in the United States — and none in Canada. But by 2010, that number had more than tripled to 38 stores in the US, with four company owned stores.
Expect the number of Menchie’s franchises to continue growing in 2012, as witnessed by the plethora of folks who fill up the froyo store on weekends for their tart frozen yogurt fix — topped the way they like it.
My personal favorite is to mix the tart froyo with chocolate or any measure of the new and exciting flavors the store always has, like coconut or red velvet — and then I top mine off with lots of nuts and chocolate candies and brownie bits and cheesecake pieces. It’s no wonder people love this stuff!
Get more information about owning your own Menchie’s franchise
One Menchie’s franchise owner in this YouTube video explains why the “Have a smiley day!” mantra is very important in the Menchie’s experience, and how much the good feeling makes people want to come back.
“Welcome to Menchie’s!” is how customers are greeted when they walk in. And when they enjoy the Menchie’s radio — oh yes, they do always play great tunes that get me singing along — it all plays into the customer retention and word of mouth that makes people want to come back again and again.
“Congratulations! You have successfully submitted your request and started the Menchie’s smiling process,” is what Menchie’s will tell you once you’ve submitted your information.
I just submitted my info, and here’s what they immediately emailed to me:
Thank you for your interest in becoming a Menchie’s Franchisee! A member of our Franchise Development Team will reach out to you. We look forward to learning more about who you are and how we can make you smile.
Menchie & The Menchie’s Franchise Development Team
I’ll update this page with more info as I get it, and in the meantime, if you’re a Menchie’s franchise owner — or have applied to become one — leave comments letting me know how the experience was for you, and any additional info you discovered through the application process.