Ben & Jerry’s Franchise Owner Salary, Profit & Failure Rate 2024

Ben & Jerry’s is known for making ice cream, frozen yogurt, and sorbet. If you want to grow your money by investing in a franchise, Ben & Jerry’s might be the right place for you. Below, you’ll find helpful information about the company and its rules for owning a franchise.

Ben & Jerry's Franchise

About Ben & Jerry’s

Ben & Jerry’s has more than 500 scoop shops all around the world and has been in business for forty years. They want to make the tastiest ice cream in the friendliest way possible.

Their shops are bright and cheerful, and the workers are always friendly. Ben & Jerry’s ice cream is famous for its special flavors filled with chocolate, brownie pieces, and nuts.


History Of Ben & Jerry’s

Back in 1978, two friends opened an ice cream shop after taking a $5 course on how to make ice cream. They opened their first store in an old gas station in Burlington, Vermont. By 1980, they were selling their ice cream in stores and restaurants.

Their business grew, and now they have more than 615 locations worldwide. In the 1990s, they even made ice cream with no fat, lactose, or cholesterol so more people could enjoy it.


Ben & Jerry’s Franchise Model

ItemDetail
Initial Investment$143,400 – $446,100
Franchise Fee$37,000
Royalty Fee3% of gross sales
Liquid Capital Required$100,000
Area Requirement (sq. ft.)Approximately 750 to 1,200
Total Outlets615

How much does it cost to open a Ben & Jeer’s Franchise?

If you want to own a Ben & Jerry’s shop, you’ll need to invest between $143,400 and $446,100. The franchise fee is $37,000, and you’ll pay 3% of your sales as a royalty fee. You must also have $100,000 in liquid capital. The shop needs to be 750 to 1,200 square feet in size, and there are 615 shops already.


Ben & Jerry’s Franchise Owner Salary & Profit

Ben & Jerry's Franchise Owner Salary & Profit

The profits that a Ben & Jerry’s franchise owner can make depend on various factors like location, operational costs, and the revenue generated by the shop. Taking all these factors into consideration, the average net profit for a Ben & Jerry’s franchise owner is usually in the range of $80,000 to $100,000 per year.

These numbers can vary, and the specific profit may be higher or lower depending on the individual circumstances of each franchise.


Failure Rate Of Ben & Jerry’s Franchise

Franchised Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change
20185755-2
20195556+1
20205653-3

For the Franchised outlets:

  • In 2018, the failure rate was (2)/57×100≈3.51%
  • In 2019, the growth rate was (1)/55×100≈1.81%
  • In 2020, the failure rate was (3)/56×100≈5.36%

According to the above data, we can see that the franchise outlets of Ben & Jerry’s experienced a decline in the year 2018 and 2020, showing a failure rate of 3.51% and 5.36%.

It also experienced growth in 2019, showing a growth rate of 1.81%.


Payback Period Of Ben & Jerry’s

With a midpoint investment of $352,600 and a yearly profit of $80,000, we can calculate the payback period of Ben & Jerry’s.

So, to find out how long it will take to earn back the initial investment:

Payback Period = Midpoint Investment / Yearly Profit = $352,600 / $80,000 = 4.4 years

Based on these figures, it will take approximately 5 years to recoup the initial investment for Ben & Jerry’s. This time period could be longer or shorter depending on your sales, revenue, and profit figures.


Training And Support

Ben & Jerry’s will teach two people how to run a shop before it opens and one more person within the first six months.

The training lasts five and a half days. It takes place in South Burlington, Vermont, and includes classes, talks, shows, and trips.


Terms And Renewal Of Agreement

When you sign up to run a Ben & Jerry’s shop, the contract lasts for ten years. Satellite shops have a contract for five years.

If you meet all the rules, you can sign up for ten more years if you own a scoop shop. Satellite shops cannot be renewed.


Ben & Jerry’s Comparison

CompanyBen & Jerry’sMenchie’s
Founded In19782007
Initial Investment$143,400-$446,100$300,000 to $350,000  
Franchise-Fee$37,000$40,000
Total Outlet615540
Annual Revenue$450 Million$194 Million

Frequently Asked Question

How many Ben and Jerry's franchises are there in the USA?

Ben & Jerry’s has more than 615 locations, out of which 205 locations are in the United States.

Does Ben & Jerry's offer franchising?

Yes, Ben & Jerry’s is an ice cream store & it offers franchise opportunities.

Who owns Ben & Jerry's?

Ben & Jerry’s is a wholly owned autonomous subsidiary of Unilever. The brand was acquired by Unilever in 2000.

Who founded Ben & Jerry's?

Ben & Jerry’s is an American company that manufactures ice cream, frozen yogurt, and sorbet. It was founded in 1978 by Ben Cohen and Jerry Greenfield.

Where is the headquarters of Ben & Jerry's?

The headquarters of Ben & Jerry’s is located in South Burlington, Vermont, United States.

How many location does Ben & Jerry's has?

Ben & Jerry’s operates in 615 locations across the world.

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