Pinkberry Franchise in the Philippines: Information
The blazing heat of the sun is really exhausting. We do find ways to cool ourselves by drinking cold beverages and even eating ice cream, frozen yogurt and implement ways to drain the sizzle in our bodies. If you would get to choose between ice cream and frozen yogurt then it would be best for your health to choose the latter. Frozen yogurt has gained its popularity for quite some time now maybe because of the health issues that has been in the world now and is continually rising such as obesity and diabetes. Health is wealth, so with frozen yogurt you are assured that you are enjoying the cold treat but with less calories as compared to regular ice cream. Pinkberry is one of the popular and top choices for frozen yogurt and the good news is they are continuously expanding and is open for franchising. If you are looking forward to have your very own Pinkberry franchise then you need to check out the details below for your perusal.
History of Pinkberry
It was last January of 2005 when Pinkberry came into existence. It was in West Hollywood, California when the very first Pinkberry frozen yogurt was served. Since then Pinkberry has been known to serve one of the most delicious frozen yogurt that are made from fresh and high quality ingredients. Customers kept on coming back for more! Pinkberry have always spiced up their menu by letting the customers add some distinctive toppings to complement their frozen yogurt for a more delectable experience. From the United States, Pinkberry has spread throughout the other countries and is continuously growing through franchising. As of the moment, Pinkberry has over 250 stores in the US with 19 more in other countries including the Philippines. In the Philippines, Pinkberry is served in the largest malls in the country such as in SM Megamall, Greenbelt 5, Rockwell, SM Aura and in Alabang Town Center.
What is Pinkberry Looking for in a Franchisee?
Pinkberry is looking for single unit operators and area developer. They should exhibit executive skills, leadership, and passion for running a business.
Selection criteria include:
Financial Capability- You should have a minimum liquidity of at least USD 200,000 and a minimum net worth of USD 400,000.
The applicant for franchise should have at least one person in the team who has operational management experience with proven executive skills in leadership.
The operational director should have a wide experience in customer service, running operations and should reside within the target location.
The target store location should be provided by the franchise applicant and should be approved and evaluated by the franchisor.
5 – 15 employees in a store is required
Initial Investment $310,842 – $615,145
Net-worth Requirement $400,000
Liquid Cash Requirement $200,000
Pinkberry Franchise Fees:
Initial investment of: $35,000
Royalty fee: 6% of gross sales
National Marketing Fee – 2% of gross sales
Local advertising spend – 2% of gross sales
Pinkberry Franchise Inclusions:
Use of trade name
Store design and lay out
Franchisor’s operations support
Training for real estate upon signing
Training provided onsite for two weeks an three weeks at the head quarters
Training program for key employees such as the Director of Operation and General Manager
Support will be provided continuously
Meetings will be provided on the grand opening and for the internet security field operations
Franchise term is for ten years and is renewable for ten more years after
Steps on How to Franchise Pinkberry:
Furnish the application form and submit it on time to receive the detailed information about the Pinkberry franchise.
The qualified franchise applicant will be contacted by Pinkberry.
Franchise fees should be paid accordingly.
The franchise disclosure agreement will be given to the selected franchise applicant.
Pinkberry Franchise Contact Information
For more details and information, feel free to reach Pinkberry through the following contact details:
Swirly Goodness Philippines, Inc
G/F Urban Building
405 Senator Gil Puyat Avenue
Makati City, Philippines