Are you planning on starting an Edible Arrangements franchise store, and are seeking for all the necessary information regarding opening an Edible Arrangements franchise store? In this article, you will get as much information you need to get started with the Edible Arrangements franchise.
In this article, I will share with you the general information pertaining to Edible Arrangements franchise; relevant information regarding the start-up cost of an Edible Arrangements franchise store; the required franchise fee, the terms of agreement and renewal, the opportunity benefits and trainings; and how to open an Edible Arrangements store.
About Edible Arrangements Franchise
Edible Arrangements is a reputable brand in the retail food, and gifting industry. It is a subsector business in the specialty / gourmet retail foods. Edible Arrangements was founded in 1999, and two (2) years after, the business started offering franchise opportunities to interested franchisees within the United States and other countries.
The business has its head office located at 95 Barnes Road, Wallingford, CT, 06492, United States. Edible Arrangements is a private company that was founded by Tariq Farid and Kamran Farid. Today, the company has more than 600 franchisees, with more than a thousand stores all over the world.
They are well renowned for their $30 – $50 fresh fruit bouquets that have been hand-sculpted and made to appear more like flowers. Edible Arrangements’ current Chairman Executive Officer (CEO) is Tariq Farid while Robert Price is the president of Edible Arrangements.
Edible Arrangements focuses on offering the following products: bouquets and arrangement of hand-sculpted fresh fruit; chocolate dipped fruit; fresh fruit smoothies; and fruit salad. Aside the United States and Canada, the company has several stores located all over the world in places such as: Puerto Rico, Saudi Arabia, United Arab Emirates, Oman, Qatar, Turkey, Hong Kong, Kuwait, Italy, China, Jordan, India, and Bahrain.
To run an Edible Arrangements store, you will not require more than 4 – 7 employees. Absentee ownership is not allowed at Edible Arrangements. As a franchise owner, you must be a full time operator.
To become one of Edible Arrangements’ franchise owners, you must be a person with customer service aptitude; you must have financial management skills; you must possess some managerial experience; you must be a person who is very motivated and fully ready to work with them; you must be willing to follow a proven business system; and you must have a burning desire to succeed.
As long as you meet with the above requirements, you will have less to worry about regarding how much you will make annually in the business. As a franchise owner, you will not be guaranteed any particular territory. You may even face some sort of competition from other franchise owners, and from several of the other outlets owned by Edible Arrangements.
Over the years, Edible Arrangements has achieved huge business success. In 2013, the franchise was ranked at #40 on the Entrepreneur Franchise 500 by Entrepreneur Magazine. The franchise has also ranked on Entrepreneur Magazine’s Fastest-Growing Franchises and Top Global Franchises for five (5) years in succession.
How much does an Edible Arrangements Franchise cost?
If you are interested in opening an Edible Arrangements store, it will only cost you an $80,000 fee.
Edible Arrangements Franchise fee
Edible Arrangements franchise’s initial franchise fee ranges from $20,000 – $30,000. Ongoing royalty fee is 5%.
Edible Arrangements Franchise start up cost
The total start-up investment cost required for you to open an Edible Arrangements store is a sum that ranges from $192,695 – $326,445. In addition, you will also be required a total net worth that is within $150,000 – $250,000.
For international franchise opening, you will be required a total start-up investment sum that ranges from $200,000 – $500,000.
Edible Arrangements Franchise training and supports
Once you qualify to become one of Edible Arrangements franchise owners, you will be able to enjoy the following benefits in terms of training and supports:
Edible Arrangements Franchise terms of agreement /renewal
The term of agreement stipulates a ten (10) year period, after which, the agreement expires and it becomes subject to subsequent renewals.
How to Start an Edible Arrangements Franchise?
If you are so interested in starting up an Edible Arrangements store, all you need do is to visit their website on www.ediblearrangements.com to request for more franchise information regarding the start-up procedure.