Freshii Franchise Cost Owners Review of Restaurant

 

Freshii is a fast-casual restaurant chain that was founded in 2005 and is based in Toronto, Canada. It offers a menu of healthy and customizable food options, including salads, wraps, bowls, and smoothies. The franchise model offers individuals the opportunity to own and operate a Freshii restaurant in their community. Freshii aims to make healthy food convenient and accessible to people on the go, with a focus on using fresh, nutritious ingredients.

The US quick casual restaurant market is currently valued at over $30 billion and is expanding at a 6.5% yearly clip.

1. Popular franchises of Mexican Restaurant

Taco Bell Franchise, Shake Shack franchise, Panera Bread, and Chipotle franchise are some additional well-known franchises in the fast-casual restaurant sector.

2. Consumer trends

People are looking for quick and easy options that also provide nutritious and adaptable meal options.

What is Freshii?

Fast-casual restaurant chain Freshii serves salads, sandwiches, bowls, and smoothies among other nutritious and adaptable menu items. The business is headquartered in Toronto, Canada, and was established in 2005. With a focus on using fresh, wholesome products, Freshii’s objective is to make healthy cuisine convenient and accessible to consumers on the go.

Is Freshii Restaurant A Franchise Opportunity?

Yes, Freshii provides franchise opportunities for people who want to open and run a Freshii restaurant in their neighborhood. The Freshii franchise system offers training, marketing support, and operational assistance to franchisees.

Facts That Nobody Told You About Freshii

Here are some interesting facts about Freshii that you may not have known

• International presence

Freshii has a significant global footprint, with more than 200 outlets across more than 15 countries as of today.

• Menu customization

The Freshii menu offers consumers a wide range of products and options from which to build a meal that suits their tastes and dietary requirements.

• Sustainability

Freshii is dedicated to sustainable methods, which include waste reduction, using locally sourced products whenever possible, and eco-friendly packaging.

• Technology-focused

Freshii is focused on employing technology to improve the consumer experience. This includes mobile apps for ordering and loyalty programs, as well as digital ordering and payment alternatives.

Freshii Franchise Review and Information
Industry Type	Food Franchise Opportunities
Sub Category	Mexican Food Franchise Opportunities
Year Established	2005
Company Name	Freshii
Founder/Management Head	Matthew Corrin
Franchising Started	2007
Franchise Expansion Plan	United States and Canada
Number of Units	200
Number of Franchise Units	200+
Social Media Handles	Facebook
	Twitter
	Youtube
	Instagram
Company Office location	Toronto, Canada

Freshii Franchise Requirements

The following criteria must be met to open a Freshii franchise

1. International presence

Freshii has a significant global footprint, with more than 200 outlets across more than 15 countries as of 2021.

2. Menu customization

The Freshii menu offers consumers a wide range of products and options from which to build a meal that suits their tastes and dietary requirements.

3. Sustainability

Freshii is dedicated to sustainable methods, which include waste reduction, using locally sourced products whenever possible, and eco-friendly packaging.

4. Technology-focused

Freshii is focused on employing technology to improve the consumer experience. This includes mobile apps for ordering and loyalty programs, as well as digital ordering and payment alternatives.

 

How much does a Freshii franchise cost?

Freshii is a Canadian-based fast-casual restaurant chain with over 200 restaurants in North America. Freshii is headquartered in Toronto. Freshii franchises typically range in price from $200,000 – $470,500.

Freshii Franchise Initial and On-going Franchise Cost
Freshii Franchise Fee	$30,000-$35,000
Freshii Franchise Cost	$200,000 – $470,500
Royalty Fee	6%
Advertising Fee	4%
Term of Agreement	Term and conditions
Is the franchise term renewable?	Yes,
Renewable Franchise Fees	50% of Initial Franchise fees

Freshii Training to Franchises

To help its franchisees successfully run their franchise operations, Freshii offers extensive training. The subjects covered in this course range from menu planning to customer service to restaurant operations.

Initial training is usually provided at Freshii’s corporate offices, along with continuous assistance and training. Although the specifics of the training program may change, its main objective is to give franchisees the knowledge and abilities they need to successfully manage a Freshii restaurant.

Freshii Operations to Franchises

To help its franchisees successfully run their franchise operations, Freshii offers extensive training. The subjects covered in this course range from menu planning to customer service to restaurant operations.

Initial training is usually provided at Freshii’s corporate offices, along with continuous assistance and training. Although the specifics of the training program may change, its main objective is to give franchisees the knowledge and abilities they need to successfully manage a Freshii restaurant.

How is Freshii Territory Granted to Franchises

Territorial franchising is the method used by Freshii to run its franchise network. This indicates that each franchisee is given the sole authority to conduct business in a particular geographic area.

An individual must first finish the Freshii franchise application procedure to become a franchisee. This entails delivering a thorough business plan, going through background checks, and presenting financial data. Following Freshii’s approval of the application, the applicant will be given a franchise agreement and a particular territorial franchise.

What is the Freshii Franchise Term of Agreement and Renewal?

The Freshii franchise term of the agreement is normally for 10 years, with the opportunity to renew for further terms. The franchise agreement between Freshii and the franchisee specifies the precise duration of the franchise term as well as the renewal procedure.

Franchisees must adhere to Freshii’s operational policies and procedures and satisfy specific performance benchmarks to renew their franchise agreement. 

Does Freshii provide Financial Assistance to Franchises?

Freshii doesn’t give its franchises any financial support directly. To help franchisees acquire the funding they require to launch and expand their businesses, the company collaborates with a variety of outside lenders and finance institutions.

To help its franchisees successfully run their businesses, Freshii also offers extensive training, support, and marketing initiatives. This includes help choosing a location, designing the business, and providing continuous operational support.

Pros & Cons of Owning a Freshii Franchise

Pros of Owning a Freshii Franchise

1. Brand recognition

Freshii is a well-known and well-established brand, which may assist draw customers and boost brand recognition.

2. Complete training and support

To ensure the success of its operations, Freshii offers its franchisees comprehensive training and assistance.

3. Support for marketing and advertising

Freshii offers its franchisees marketing and advertising assistance to help build brand recognition and spur sales.

4. Proven business model

A business plan that has been successfully implemented by Freshii in numerous markets all over the world gives franchisees a strong platform for success.

5. Market expansion

As consumers want more healthy fast food options, the market for franchisees’ businesses is expanding.

Cons of Owning a Freshii Franchise

1. Franchise costs

Freshii franchisees must pay franchise costs, which can be high and can rise.

2. Limited control

As a franchisee, you are required to run your company following Freshii’s set standards and practices, which restricts your freedom to choose your course of action.

3. Competition

Freshii franchisees must be ready to compete with other fast food chains, healthy food options, and other Freshii franchises in a market where there is fierce competition.

4. Ongoing costs

Franchisees are responsible for ongoing expenses, which can be significant. These expenses include rent, utilities, and supplies.

5. No assurance of success

Despite the thorough training and support that Freshii offers its franchisees, there is no assurance of success, and franchisees are in charge of the financial success of their businesses.

 

How much do Freshii franchise owners make?

The average gross sales for Freshii franchise stores in the United States was approximately $495,800. However, this figure is just an average and should not be considered a guarantee of actual earnings.

What is Feshii franchise profit?

The average net income for Freshii franchisees in the United States was $74,000 according to the franchise disclosure form. It is crucial to remember that this figure is an average and that actual profits could vary based on the unique conditions of each franchise.

What are Freshii Franchise Owners’ Reviews

For Freshii franchises, numerous online reviews and ratings are available, and the consensus is favorable. The selection of healthy and fresh foods, as well as the quick and welcoming service, are well appreciated by the patrons. Some people also laud the eateries’ chic, contemporary interior decor.

Freshii Franchise Rankings

Franchise 500 list published by Entrepreneur magazine: Freshii was ranked #417 on the list in 2021. 

Canadian Franchise Association (CFA): Freshii is a member of the CFA and has been honored by the organization as a top franchise. 

Freshii has received a rating of 3.7 out of 5 stars overall based on 24 reviews on Trustpilot, which are largely negative. Customers can rank businesses on the Trustpilot website based on their experiences.

Franchise Deck Analysis and Overview

Freshii is a concept for a health-conscious, fast-casual restaurant that offers healthy, freshly prepared meals. The brand’s goal is to improve people’s quality of life by making healthy food accessible and inexpensive.

Is the Freshii Franchise Profit Worth the Franchise Cost?

Market demand: Freshii is a fast-casual restaurant with a focus on health, and local market demand for healthy food selections varies.

Start-up expenses: Depending on the size of the restaurant and the location, the start-up expenses for Freshii franchises can range from $250,000 to $450,000. This expense covers the franchise price as well as setup fees, equipment, and other expenses. It’s crucial to thoroughly consider the start-up expenses and ensure you have access to the funding required to launch your franchise.

Freshii Franchise Success and Failure Rate

The below table will highlight the Freshii franchise’s success and failure rate for the last 3 years. This will supplement your decision-making process.

Year	Format	Start	End	Change
2019	Franchise Owned	757	760	+3
Company Owned	141	146	+5
2020	Franchise Owned	760	762	+2
Company Owned	146	146	0
2021	Franchise Owned	762	768	+6
Company Owned	146	144	– 2

Overall, there has been positive growth with Freshii, only in 2021 the company-owned units reduced by 2 units.

Competition Analysis of Freshii Franchise
Brand	Cost to Franchise	Franchise Fees	Royalty + Ad fees	Expected Profit	Recoup of Capital	FD Rating
Freshii Franchise	$200,000 – $470,500	$ 35,000	6%	$190,000	8-9 years	3.8/5.0
Copper Branch Corp Franchise	$1-1.5million	$45,000	4%	$458,000	5-6 years	4.5/5.0
The Chopped Leaf Franchise	$1,440,600 – $3,163550	$135,000-$540,000	4-5%	$70,000 to $90,000	6-7 years	4.5/5.0
WrapZone Restaurant LtdFranchise	$109,500 to $3,545,800	$50,000	5%	$1,725,197	7-8 years	3.7/5.0
West Island RestaurantsFranchise	$637,950 to $2,306,000	$37,500	4%	$440,849	6-7 years	3.0/5.0
Mad RadishFranchise	$186,495	$10,000	15%	$200,000	8-9 years	3.6/5.0

The Franchise Deck rating for the Freshii franchise is 3.7/5.0.

 

Conclusion: Is the Freshii franchise worth it?

Yes, but A Freshii franchise’s value can change depending on some variables, including its location, the level of competition, and the state of the local economy. In general, franchising can provide advantages including a well-known brand, support from the franchisor, and access to well-established systems and procedures.

Entrepreneurs who want to open a franchise in the salads, wraps, bowls, and smoothies  franchise opportunities categories can look at 

1. Del Taco
2. Taco Cabana
3. Taco Jonh’s
4. McDonald’s Franchise
5. Domino’s Franchise
6. Dunkin’ Donuts Franchise
7. Wendy’s Franchise
8. Moe’s Southwest Grill 
9. Jersey’s Mike Subs Franchise
10. Taco Bell Franchise
11. Fat Shack Franchise
12. Fazolis Franchise
13. The Cheesecake Factory Franchise
14. Pizza King Franchise
15. Potato Corner Franchise
16. Hummus Republic Franchise

Frequently Asked Questions (FAQs)

1. Is the Freshii franchise profitable?

Freshii franchisees have claimed great financial results. It is crucial to complete extensive study and due diligence before investing in any franchise or business opportunity to comprehend the possible financial performance and dangers associated.

2. Can you make money owning a Freshii?

Yes, you can make money if you own a Freshii franchise, a Freshii franchise’s performance and profitability will also be influenced by elements like successful marketing, efficient operations, and overall demand for the given goods and services.

3. Is Freshii a franchise?

Yes, Freshii is a franchise. A fast-casual restaurant chain called Freshii serves smoothies, salads, wraps, and other nutritious meals. The business was established in 2005 and has since expanded to have many sites throughout various nations, many of which are run by franchisees.

4. How much is a Freshii Franchise?

The entire initial expenditure for a Freshii franchise can range from roughly $200,000 – $470,500, with the higher cost representing a larger and more complex restaurant, according to the franchise disclosure form for the company.

5. How do Freshii franchises make money?

Franchises of Freshii derive the majority of their revenue from the sales of food and drinks at their establishments. While franchisees are in charge of opening and managing their own unique Freshii sites, Freshii franchisees receive support from the company in areas including training, marketing, and continuing operational support.