Product category

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 fee6.00%
Marketing fee5.00%
Investment (mid-point)$478,000
Average sales$613,000
Sales to investment ratio5.0x
Payback period[franchise_value_investment_payback]
Minimum net worth$500,000
Minimum liquid capital$250,000
Source: Franchise Disclosure Document 2021

Find the most profitable franchises on

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 ExpenditureLowHigh
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
Source: Franchise Disclosure Document 2021

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 6.00% of revenues, as well as a variable marketing fee of 5.00% 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.

Find the most profitable franchises on

Disclaimer: This content has been made for informational and educational purposes only. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.

All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial and/or legal advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.