HOW MUCH DOES IT COST TO OWN A LA SWEETZ FRANCHISE?
How much does it cost to start a LA Sweetz bakery franchise? It depends on the route you choose to open your bakery. Startup costs to open a newly constructed full-service LA Sweetz franchise range from $120,800 to $279,800. Startup costs can be lower for franchisees that choose to convert an existing bakery shop to the LA Sweetz brand. The estimated initial investment to convert an operating or previously operated bakery to a LA Sweetz bakery is $73,130 – $146,260.
Please note that LA Sweetz do not sell single-unit franchises, so it is not possible to open just one bakery. Rather, we have chosen to develop by selling market areas which require the franchise developer to open a minimum of 4 units, in a period of 3 years. The initial unit will have the retail space; the party room and the kitchen. Additional units only require the retail space & party room. This means the size of the unit and the build-out cost is much less.
To qualify, a developer needs a net worth of at least $500,000 and cash/liquid assets totaling $75,000 – 100,000 per bakery in your market area.
WHAT ARE THE FRANCHISE FEES AND TERMS?
The initial Franchise fee is $20,000 plus $5,000 per unit in your market area.
The Royalty fee is 5% of gross sales and the advertising/marketing contribution is 2% of gross sales.
The Franchise term is for 10 years and is renewable for an additional 10 year period if in good standing and other conditions are satisfied.
DOES LA SWEETZ PROVIDE FINANCING?
Not directly, but we can recommend companies that offer third-party financing who specialize in restaurant and equipment financing and are familiar with our proven concept.
WHAT KIND OF EXPERIENCE IS REQUIRED?
You must have some proven management experience or aptitude, strong business ethics and abilities, a customer service mentality and willingness to be involved in the management of your bakery. We look for owners who are success-driven and growth-minded.
WILL LA SWEETZ WORK IN MY MARKET?
America’s love affair with cupcakes is alive and well, and continues to grow. From our roots in Miami, we know that our concept works in small towns to big cities everywhere – our delicious flavors and amazing service builds loyalty.
HOW MUCH DOES AN LA SWEETZ EARN A YEAR?
Franchise law prevents us from making any representations about your financial performance. However, at the right time, we would be pleased to introduce you to some LA Sweetz owners who will answer any questions you might have.
WHAT TYPE OF TRAINING DOES LA SWEETZ PROVIDE?
La Sweetz offers our franchisees a comprehensive training program at Cupcakes “U” in beautiful Miami for up to three persons. This program includes a combination of classroom and in-store, hands-on training. The initial training program is approximately two weeks long. In addition, the LA Sweetz field training team will assist in the opening of each store.