Handel’s Ice Cream Franchise Revenue, Costs & Stats (2023)
If you’re looking to open a new ice cream franchise, there are lots of options available to you. Among all of them, despite its smaller size (80 shops in the US), Handel’s Ice Cream is an interesting alternative. Why?
First, it’s a very affordable franchise: you would invest on average (only) $478,000 to open a new ice cream shop vs. on average $1,000,000 for the top 10 ice cream franchises as per our own benchmark.
Secondly, Handel’s Ice Cream is rather profitable investment: we estimate it has a 8 years payback, in line with the industry. Want to hear more?
In this article below we are looking at Handel’s Ice Cream and its Franchise Disclosure Document to find out how much it (really) costs and how much money you can realistically make with this business. Let’s find out!
Key stats
| Franchise fee | $50,000 |
| Royalty fee | 6.0% |
| Marketing fee | 5.0% |
| Investment (mid-point) | $478,000 |
| Average sales | $613,000 |
| Sales to investment ratio | 1.3x |
| Payback period | 8 years |
| Minimum net worth | $500,000 |
| Minimum liquid capital | $250,000 |
Handel’s Ice Cream Franchise Business Plan
All the stats: startup costs, profits, breakeven, etc.
5-year financial projections built with the FDD
Excellent 4.8/5 based on 70 reviews
About Handel’s Ice Cream
Handel’s Ice Cream is an ice cream company based in Canfield, Ohio. In addition to homemade ice cream, Handel’s Ice Cream menu includes cones & dishes, pints & quarts, shakes, hurricanes, sundaes and Handel pops.
Handel’s Ice Cream was established in 1945 in Youngstown, Ohio by Alice Handel, using fresh fruit from her backyard garden and her recipes.
Today, the brand is the home of more than 150 flavors of ice cream and has locations in more than 10 states across the US. The franchise offers its franchisees a variety of different store options, such as walk-up or walk-in store models, positioning itself competitively in the market. The brand has also introduced catering services for special occasions in addition to selling ice cream and other desserts to provide partners with a more profitable concept.
Handel’s Ice Cream began franchising in 1989 and by 2022 the brand had 85 locations, with 80 franchises in the US and 5 company-owned locations.
How much does a Handel’s Ice Cream franchise cost?
You would need to invest around $478,000 to open a Handel’s Ice Cream franchise on average.
Startup costs
Here’s the full breakdown of costs:
| Type of Expenditure | Low | High |
|---|---|---|
| Initial Franchise Fee | $50,000 | $50,000 |
| Formation Costs | $147,000 | $542,000 |
| Initial Marketing | $1,000 | $5,000 |
| Operating Costs | $36,500 | $123,500 |
| Total | $235,000 | $721,000 |
What’s the Handel’s Ice Cream franchise fee?
The initial franchise fee for a Handel’s Ice Cream franchise is $50,000
In addition to the initial franchise fee, you must pay to the franchisor a royalty fee of 6.0% of revenues, as well as a variable marketing fee of 5.0% of revenues.
What is the revenue of a Handel’s Ice Cream franchise?
On average, a Handel’s Ice Cream franchise generates $613,000 in revenue per year.
Handel’s Ice Cream Franchise Business Plan
All the stats: startup costs, profits, breakeven, etc.
5-year financial projections built with the FDD
Excellent 4.8/5 based on 70 reviews
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