Some magazines named the ice cream industry leader one of the best franchises to invest in the United States.
It is one of the 10 Best Franchise opportunities for veterans of 2023 that you must own.
After conducting thorough research on the market, it is founded that this franchise opportunity is so excellent that it is also one of the best franchises that one must own
This make it one of the primary reasons why so many business owners are interested in learning how much a Baskin Robbins franchise costs and how much a Baskin Robbins franchise owner makes.
But, before we get into the specifics of the Baskin-Robbins franchise, the required investments, the required area size, and training, let’s look at the company’s profile.
About the company
Baskin Robbins, along with the sibling brand Dunkin’ Donuts, is part of the Dunkin’ Brands Group Inc, founded 65 years ago in the United States.
With over 7,300 retail locations in nearly 50 countries, Basin Robbins is the world’s largest network of ice cream specialty shops.
Basking Robbins is an ice cream industry pioneer constantly offering innovative and fascinating products and flavors, such as hand-packed ice cream, a unique flavor ribbon process, traditional dessert ingredients like apple pie and cheesecake, and the introduction of mousse-textured ice creams.
Nutritious Menu
In 2008, the Baskin Baskin Robbins introduced a menu to provide consumers with healthier, lighter options in-store, such as low-fat, reduced-fat, and no-sugar-added ice cream, sorbet, and frozen yogurt.
They also included non-traditional products to satisfy consumers with dietary requirements and provide a more comprehensive selection, such as lactose-free, sugar-free, greek frozen yogurt, and dairy-free.
History Of Baskin Robbins
Burt Baskin and Irv Robbins, brothers-in-law, created Baskin-Robbins in Glendale, California, in 1945.
Before merging the two concepts to establish Baskin-Robbins, the two had previously run separate ice cream parlors, each having six locations.
They were the first to introduce franchising to the ice cream industry, recognizing the necessity for managers with a stake in the company to maintain high standards.
They bought their first dairy in Burbank in 1949, giving them complete control over the manufacture of their ice cream and the ability to experiment with different ingredients and flavors. In 1953, they renamed all of their locations Baskin-Robbins.
Baskin-Robbins has become the world’s largest specialty ice cream chain, located in 49 countries.
Franchise Model of Baskin Robbins
| Initial Investment | 12,500 to $25,000 |
| Franchise-Fee | $25,000 |
| Advertising Fee | 5% |
| Area Requirement | 250 Sq. Ft. |
| Total Outlets | 7,750 |
Baskin Robins Franchise Revenue & Profit
As per our estimate, Baskin Robins franchise owner makes $44,000 in annual profits. This figure corresponds to an estimated profit margin of 15%.
Since Baskin Robins did not share any financials of its franchises, we had to estimate the profit ourselves.
| Profit and loss | Amount | % Sales |
|---|---|---|
| Sales | $289,076 | 100% |
| COGS | $84,410 | 29% |
| Gross Profit | $204,666 | 71% |
| Labor | $68,800 | 24% |
| Marketing and royalty costs | $31,509 | 11% |
| Occupancy | $26,017 | 9% |
| Other OpEx | $34,689 | 12% |
| EBITDA | $43,651 | 15% |
Training At Baskin Robins
- Classroom Training with an Instructor
- Training Program for 3 Weeks
- Mentoring and Developing Skills
- Technical Education (live, in-store)
- System for Managing Online Learning
Why Should You Purchase A Baskin-Robbins Franchise?
Investing in a Baskin-Robbins franchise comes with a slew of advantages, which we’ll go over below:
- The company has a 95 percent brand awareness and is well-liked by most ice cream fans in the United States.
- Moreover, They spend a lot of money advertising their brand, with millions of dollars going into it.
- As a Baskin-Robbins franchisee, you’ll profit from various revenue streams, including take-out, in-store, cakes, and beverages.
- In addition, you will receive world-class training and assistance.
All these benefits made it one of the best franchises under $100k.
Baskin-Robbins Comparison
| Company | Baskin-Robbins | Ben & Jerry’s |
|---|---|---|
| Founded In | 1986 | 1978 |
| Initial Investment | 12,500 to $25,000 | $143,400-$446,100 |
| Franchise-Fee | $25,000 | $37,000 |
| Total Outlet | 7,750 | 615 |
| Annual Revenue | $48.13 Million | $450 Million |
Frequently Asked Questions
What is the Baskin-Robbins franchise's annual revenue?
The Baskin-Robbins franchise generated more than $1.5 billion in revenue in 2016 and is expected to produce over USD 3.4 billion by 2021.
What does a Baskin-Robbins franchise owner make?
A Baskin-Robbins franchisee earns roughly $200,554 per year, depending on the region.
Is Baskin Robbins a Franchise?
Buskin Robbins is one of the biggest ice cream chains that has been offering franchises since 1949.
How much does a Baskin Robbins franchise Cost?
The initial fee to open a Baskin Robbins franchise is $25,000 and the initial investment cost is 12,500 to $25,000.
Amit Gupta is an experienced expert in digital marketing and co-founder of DrFranchises. With more than 11 years of knowledge in franchise digital marketing, SEO, email marketing, and social media marketing, Amit has helped many brands achieve incredible success online. As a passionate entrepreneur and owner of 7 franchises, he continues to study franchise models, looking at costs, revenue, and profitability to guide brands toward profitable growth. When he’s not working on digital marketing, Amit enjoys spending time playing with his beloved dog.