Somisomi Franchise Cost, Fee, Profit Reviews

Somisomi is a Korean dessert chain that has gained popularity in recent years. It specializes in fish-shaped waffles called “Taiyaki,” which are filled with various flavors of ice cream and toppings. It has become a favorite among dessert enthusiasts, and its franchise opportunities have become a hot topic for aspiring entrepreneurs. In this article, we will discuss the cost, profit reviews, and opportunities available for those interested in investing in it.

According to IBISWorld, the dessert franchises market size is $16.9 billion in the United States with a growth rate of 0.3% in 2013-2018. Cumulative Market growth for 2018 to 2023 is anticipated at 1.4%.

 

How much does a Somisomi franchise cost

The cost of SomiSomi can vary depending on a variety of factors, such as the location, the size of the store, and the specific requirements of the franchisee. However, according to the company’s website, the estimated total investment is between $250,000 to $500,000. This includes franchise fees $35,000 that has to be paid to the franchisor.

How much does SomiSomi Franchise cost in the United States?

The cost to do this in the United States can vary depending on several factors such as location, size of the store, and the specific requirements of the franchisee. However, according to the company’s website, the estimated total cost for a Somisomi franchise in the US is between $300,000 to $500,000 USD.

Franchise Price and Costs
SomiSomi Franchise Fee	$35,000
Franchise Cost	$250,000 to $500,000
Royalty Fee	–
Advertising Fee	–
Term of Agreement	5-10 years
Is franchise term renewable?	Yes

 

How much do Somisomi franchise owners make?

The earnings of the owners can vary significantly depending on several factors such as the location, the size of the store, the level of competition in the area, and the franchisee’s business acumen and management skills. Therefore, it is difficult to provide a definitive answer to how much the owners make.

However, according to the latest FDD, the average revenue of a single-unit ice cream and frozen dessert in the United States is around $281,000 per year, with the top 10% of earners bringing in more than $792,325 per year. However, it’s important to note that these figures are based on a broad range of franchise businesses and may not reflect the specific earning potential of a Somisomi franchise.

What is Somisomi franchise profit?

We do not have a specific calculation for the annual revenue generated by an average Somisomi franchise. 

Is the Somisomi Franchise Profit Worth the  Cost?

The potential franchisees should consider various factors such as the initial investment, ongoing royalties and fees, location, market demand, competition, and potential profitability before making a decision. It is essential to conduct thorough research and due diligence and consult with experts before investing in any franchise opportunity.

 

What is the Somisomi?

Somisomi is a South Korean dessert shop that specializes in a popular dessert known as ” taiyaki” or Korean fish-shaped waffles. The name Somisomi means “a little more” in Korean, which reflects the shop’s philosophy of providing a little more happiness and satisfaction to their customers through their sweet treats.

In addition to taiyaki, Somisomi offers a variety of other desserts, including soft-serve ice cream, shaved ice, and bubble tea. Many of their desserts feature unique and colorful toppings, such as cotton candy, macarons, and edible flowers.

 

Is Somisomi a Franchise Opportunity?

Yes, Somisomi is a franchising opportunity. The company offers franchising opportunities to entrepreneurs who are interested in opening a Somisomi store in their local area.

As a franchisee, the individual will be able to benefit from the established Somisomi brand and business model, as well as ongoing support and guidance from the company. However, it is important to note that starting a franchise does require a significant investment of time, money, and effort.

Review and Information
Industry Type	Food Franchise Opportunities
Sub Category	Dessert, Soft Serve, Ice Cream, and Taiyaki
Year Established	2017
Company Name	Somisomi Soft Serve & Taiyaki
Founder/Management Head	Matt Kim
Launched	2018
Employees at Company H.O	51-200 employees
Expansion Plan	US and all around the world
Number of Units	–
Number of Franchise Units	–
Social Media Handles	Facebook
	Twitter
	Instagram
Company Office location	Western Ave., Suite 208 A, Los Angeles, CA 90005

 

Competition Analysis 

Franchises	Cost To Franchise	Franchisee Fees	Royalty + Adv Fee	Expected Profit	Recoup Of Capital	FD Rating
Somisomi	$250,000-$500,000	$30,000	–	–	–	4/5
Kona Ice Franchise	$127,750-$151,050	$20,000	$3k-$4k+ $500	$11,858.5-$17,076.24	8.16-11.75y	4.4/5
Cold Stone Creamery Franchise	$53,200-$580,650	$8,000-$27,000	6% + 3%	15%	7.75y	4.3/5
Yogen Fruz Franchise	₹123,179 – ₹459,679	₹25,000	6% + 2%	–	–	2/5
Carvel Franchise	$247,474 To $388,724	$30,000	$2.64+$2.34	$132.4 Million	2-4 Years	4.3/5
Baskin Robbins Franchise	$93,550	$25,000	5.9% + 5%	15-18%	2-3 Years	4.8/5
Dairy Queen Franchise	$382,000 To $1.8 Million	$25,000 To $35,000	4-5% + 2%	10%	16 Years	3.5/5
Jeremiah’s Italian Ice Franchise	$324,567 – $659,500	$30,000	6% + 4.5%	40%	–	4.5/5
Brusters Real Ice Cream Franchise	$318,000 – $2,236,500	$35,000	5%+3%	–	11-16 Years	2.8/5
Moge Tee Franchise	$158,700 – $269,300	$40,000	3%+2%	–	–	3.4/5
Twistee Treat Franchise	$251,700 to $380,600	$30,000	4%	–	–	3.3/5

 

The Franchise Deck rating for the Somisomi’s franchise is 4/5.

 

What is Soft Serve Franchise ?

This type refers to the business model in which the company licenses its brands, recipes and business processes to entrepreneurs who want to run their own soft serve ice cream shop Soft serve ice cream is a type of frozen dessert with a smoother and creamier texture in comparison to traditional frozen ice cream. Franchisees typically receive training, support, and access to established offers and marketing materials. The model allows entrepreneurs to use a recognized brand name and benefit from proven business models, while consumers enjoy convenient delivery of delicious ice cream and a go-to experience so regularly at franchise locations.

 

What is Taiyaki Franchise ?

Taiyaki is a famous Japanese company known for its delicious fish-like pastries with a variety of sweet and savory fillings. It also offers a wide variety of flavors and toppings that cater to customer preferences. With a strong emphasis on quality ingredients and traditional dishes, Taiyaki has become a favorite among locals and tourists alike, offering unique and delicious culinary experiences

 

Somisomi Franchise Requirements

The specific requirements  may vary depending on the location, but generally, the following requirements are expected:

• Financial requirements

According to the company’s website, the estimated total investment is between $250,000 to $500,000 USD.

• Experience

Prior business experience, particularly in the food industry, is generally preferred, but not always required. It is also helpful if the franchisee has experience managing employees, finances, and customer service.

• Commitment

Somisomi requires franchisees to be fully committed to the business and actively involved in its operations. This may involve working long hours, being available on weekends and holidays, and being able to manage a team of employees.

• Location

Somisomi stores are typically located in high-traffic areas such as shopping malls or commercial districts. The franchisee will need to have a suitable location secured or be willing to work with the company to find an appropriate site.

• Franchise fees

Somisomi charges an initial franchise fee, which may vary depending on the location. There may also be ongoing royalty and marketing fees.

 

Somisomi Training to Franchises

Somisomi provides comprehensive training and support to its franchisees to help them successfully operate their store. The training typically includes both classroom instruction and hands-on experience at a Somisomi store.

The initial training program covers topics such as:

• Store operations: franchisees are trained on how to manage and operate the store, including day-to-day operations, inventory management, equipment maintenance, and customer service.
• Product preparation: franchisees are trained on how to prepare and serve Somisomi’s signature rolled ice cream and other frozen desserts.
• Marketing and advertising: franchisees are taught how to effectively market and promote their Somisomi store in their local area.
• Financial management: franchisees receive training on how to manage the financial aspects of the business, including bookkeeping, accounting, and financial reporting.

 

Somisomi Operations to Franchises

In terms of operations, they have a centralized production system that allows for consistent quality control across all of its franchise locations. They also provide extensive training and support to franchisees, including site selection, store design, and marketing strategies.

 

How is Somisomi Territory Granted to Franchises

Somisomi territories are granted to franchises based on the company’s evaluation of various factors such as population density, demographics, competition, and market demand. The franchisee is typically granted exclusive rights to operate within the designated territory, subject to certain conditions and performance requirements.

 

What is the Franchise Term of Agreement and Renewal?

The specific term of agreement and renewal depends on the franchise agreement signed by the franchisor and franchisee. The length of the initial term and renewal periods can vary depending on the agreement. Typically, the initial term is between 5-10 years, with an option to renew for additional terms subject to certain conditions such as meeting performance requirements, payment of fees, and compliance with franchise standards.

 

Does Somisomi provide Financial Assistance ?

They does not directly provide financial assistance to its franchisees. However, the company may assist franchisees in obtaining financing through third-party lenders or provide guidance on securing loans. It may also offer financing options for equipment and other capital expenditures. Franchisees should consult with their franchise development team for more information about financing options and requirements.

Pros & Cons of owning a Somisomi Franchise

Pros 

• Established brand recognition: Somisomi has become a well-known and popular brand, which can help attract customers to your franchise location.
• Unique product offering: The unique twist on traditional soft-serve ice cream offered by Somisomi can set your franchise apart from other dessert options in your area.
• Comprehensive training and support: Somisomi provides comprehensive training and support for its franchisees, including assistance with site selection, marketing, and operations.
• Multiple revenue streams: In addition to the core product offerings, Somisomi also sells merchandise and other items, which can provide additional revenue streams for your franchise location.
• Growing market: Dessert and treat options are a popular choice for consumers, and the Somisomi brand has shown strong growth and expansion in recent years.

 

Cons 

• High start-up costs: The initial investment required to open a Somisomi franchise can be quite high, which may be a barrier for some potential franchisees.
• Limited menu offerings: While the unique twist on soft serve ice cream is popular, the limited menu offerings may not be enough to sustain a large customer base over time.
• Competition: The dessert market is competitive, and there may be other established brands or local businesses offering similar products in your area.
• Dependent on brand recognition: While the Somisomi brand has strong recognition in certain areas, it may be less well-known in others, which could impact the success of a franchise location.
• Operational requirements: As with any franchise, there are certain operational requirements and restrictions that must be followed, which can limit flexibility for franchisees.

 

What is Somisomi franchise reviews

Customers can enjoy in their favorite soft-serve flavors whenever they desire at Somosomi, a cutting-edge frozen dessert shop.  Fresh fruit, candy bars, and other toppings are among their selection of more than 20 toppings you can choose from. 

Starting a franchise will, without a shadow of doubt, be worth the investment. Just ensure that you are aware of what the franchiser expects from you along with other additional requirements so that you do not end up facing any shocks or losses in the future. 

 

SomiSomi Deck Analysis and Overview

Somisomi is family-run soft serve ice cream shop known for its distinctive, all-natural flavors, toppings, and fillings. They  give their clients the finest ingredients so they may enjoy them. For their cones, for instance, they utilize natural cane sugar and organic milk from pasture-raised cows. 

Their goal is to make purchasing fresh food easier by offering a fast food restaurant option that sells high-quality goods at reasonable pricing. It offers delicious, healthy substitutes that are created without artificial dyes or preservatives.

 

Potential Risks to consider before investing in a Somisomi ?

Before investing in a Somisomi, potential franchisees should consider several risks, including:

• Initial investment: The initial investment can be substantial and may take some time to recoup.
• Location: Choosing the right location is critical for success. A poorly located franchise can struggle to generate revenue.
• Competition: Competition can be intense in the food and beverage industry, which may also affect the profitability.
• Franchise fees and royalties: Ongoing fees and royalties can impact profitability and cash flow.
• Changing consumer preferences: Consumer preferences can change rapidly, which may affect the demand for the franchise’s products.

 

Somisomi Overview

Type	Private
Industry	Chain restaurant/Franchise
Founded	Koreatown, Los Angeles (2016; 7 years ago)
Founder	Matt Kim
Number of locations	26
Area served	United States
Products	Soft serve & Taiyaki

 

Conclusion : Should You Buy the Somisomi franchise for Sale?

 

An American chain of independently run franchised stores, SomiSomi Soft Serve & Taiyaki is established in Los Angeles, California. They typically offer ah-boong, a combination of soft serve and Korean bungeo-ppang (fish-shaped pastry).

Fresh firsts and gourmet twists to soothe your cravings and please your taste are what Somisomi is all about! It all began with two friends who blended their love of ice cream with innovative tastes, global influences, and fresh flavors. With the debut of Taiyaki Soft Serve, California’s west coast is currently bustling with SomiSomi dessert shops serving Ah-Boong, a Korean-inspired soft serve. Dessert lovers have attracted a following that is yearning for more because they adore the diverse flavors and contemporary design.

 

Entrepreneurs who want to open a franchise in the category can also other opportunities like:

 

1. Kona ice Franchise
2. Cold stone creamery Franchise
3. Yogen fruz Franchise
4. Carvel Franchise
5. Baskin Robbins Franchise
6. Dairy queen Franchise
7. Jeremiah’s Italian ice Franchise
8. Brusters Real Ice Cream Franchise
9. Moge Tee Franchise
10. Twistee Treat Franchise

 

Frequently Asked Questions (FAQs)

• Is the Somisomi profitable?

The profitability of a franchise can depends on various factors such as location, market demand, competition, operational costs, and management efficiency, among others. It is best to consult the company’s financial statements or contact them directly for more information about their financial performance.

• Can you make money owning a Somisomi?

Owning a Somisomi franchises can potentially generate profits, depending on various factors such as location, demand, and operational costs. However, it is important to conduct thorough research and due diligence before investing in any franchise.

• what is SomiSomi ?

Yes, Somisomi is a franchisng that offers franchises opportunities for entrepreneurs who want to start their own business under the Somisomi brand.

• How much is the cost?

According to the company’s website, the estimated total investment for a Somisomi franchises is between $250,000 to $500,000.

• How do Somisomi make money?

Somisomi franchises make money primarily by selling their products, such as Korean-style soft serve ice cream and other desserts, to customers. Franchisees can also generate revenue through promotional events, catering services, and additional sales of related products such as toppings and beverages.