When researching on franchise mall, the franchise that
interested me most was Candy Bouquet. It appeals to me because it’s unique and
stands out in comparison to other gift options. The company has been making
steady strides across the globe, starting in a garage in Little Rock, Arkansas.
It takes chocolates, flowers, and candy and creates a totally new product known
as candy bouquets. It has been represented in numerous news articles and has won
many awards for its growing business. These include Franchise Industry Entrepreneur of the Year as well as Business Executive of the Year. It first
opened in 1989 and later in 1993 turned into a franchise. Since 1993, its
franchises have grown tremendously and show consistent improvements.
The initial fees to start this franchise range from $3,600-$29,000. This is relatively affordable for a startup business. You sign an agreement for 5 years and when renewing it, it will be 25% of the original costs. I found it interesting that there was no royalty fee in place. Also, the company does not provide any additional financing assistance when opening this business. Overall, the cost to open the business is manageable and not too out of reach. The company provides training sessions on how to properly produce newsletters, meeting plans, toll free lines, and internet assistance. When it comes to advertising they also offer assistance with co-op marketing as well as ad slicks.
By doing further research I discovered that Margaret McEntire started her business as home-based. She later joined a partnership, though, and realized this type of business was not what she wanted for her company. Now Candy Bouquet has over 300 locations around the world. It’s very motivational to research and see how other entrepreneurs expand their businesses and do what they love. I have found that small businesses and franchises are what helps to run the economy and hopefully in the future will push the United States out of the current recession. Candy Bouquet would be a good franchise to begin, especially in Massachusetts, because there aren’t that many here and it would provide a unique service.
The initial fees to start this franchise range from $3,600-$29,000. This is relatively affordable for a startup business. You sign an agreement for 5 years and when renewing it, it will be 25% of the original costs. I found it interesting that there was no royalty fee in place. Also, the company does not provide any additional financing assistance when opening this business. Overall, the cost to open the business is manageable and not too out of reach. The company provides training sessions on how to properly produce newsletters, meeting plans, toll free lines, and internet assistance. When it comes to advertising they also offer assistance with co-op marketing as well as ad slicks.
By doing further research I discovered that Margaret McEntire started her business as home-based. She later joined a partnership, though, and realized this type of business was not what she wanted for her company. Now Candy Bouquet has over 300 locations around the world. It’s very motivational to research and see how other entrepreneurs expand their businesses and do what they love. I have found that small businesses and franchises are what helps to run the economy and hopefully in the future will push the United States out of the current recession. Candy Bouquet would be a good franchise to begin, especially in Massachusetts, because there aren’t that many here and it would provide a unique service.
Hi Amanda-Lee, I found the franchise you chose to be interesting. I'd like to disagree with your point about the product being new. Is it actually a new product itself? Or is it just another variation of what many people have been doing? I.e. Edible Arrangements. So is this franchise really all that unique?
ReplyDeleteThis franchise is just basically putting all the items people buy for anniversaries or get well gifts rolled up in one.
I have to agree, however, that the initial fees are pretty reasonable and affordable when thinking about starting up a business, unlike some where you have to spend like $200,000+ just to start up the business. You are completely right that there aren't many gift stores such as this one in Massachusetts. One should definitely show up sometime soon.