Sloan's provides top-quality ice cream, candy, baked goods, and related merchandise. The franchise creates a fun, inviting atmosphere for customers to enjoy a variety of delicious sweets, offering a unique dessert experience in a family-friendly setting.
Key Insights
- Sloan's began with a strategic focus on creating sustainable business practices that benefit all stakeholders, including customers, franchisees, and communities, while establishing systems that support long-term growth and operational excellence across multiple markets.
- Food sourcing strategies prioritize local suppliers and seasonal ingredients when possible to support community relationships, ensure ingredient freshness, and provide customers with transparent information about food origins while maintaining cost-effectiveness and supply chain reliability.
- Economic factors support increased consumer spending on services that improve quality of life and provide convenience, creating growth opportunities for businesses that can deliver value while adapting to changing economic conditions and customer priorities.
Franchise Fee and Costs to Open
Exploring the financial picture of Sloan's gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $470,432 - $1,235,110, along with a franchise fee of $40,000 - $40,000.
Financial Performance and Revenue
Yearly gross sales of $1,180,626 and estimated earnings of $141,676 - $177,094 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 5.9-7.9 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Sloan's provides comprehensive initial training for new franchisees, spanning two weeks at Sloan's corporate headquarters. This program offers extensive insights into brand operations. Sloan's also offers ongoing support resources and operational guidance to help franchisees establish their businesses. This includes access to marketing materials and operational best practices.
Legal Considerations
Legal considerations for a Sloan's franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A franchisee of a Sloan's-style business may encounter considerations regarding intense local market competition, requiring a unique approach to stand out. The operational complexity of managing specialized ingredients and diverse product offerings presents a learning curve. Dependence on specific supply chains for unique flavors and ingredients also warrants careful planning to ensure consistent availability and quality.
Franchise Datasheet
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