Chocolate Works Franchise Review
Chocolate Works is graded based on our most recent FDD research!
Franchise Information
This franchise is for the operation of a business that sells an exclusive line of high-quality chocolates and other confections including boxed chocolates, custom packed chocolate assortments, gift baskets and towers, chocolate dipped fruit, cookies and pretzels, hard candy, ice cream and seasonal items.
What is the upfront cost to be a franchise owner of a Chocolate Works franchise?
Chocolate Works has an initial franchise fee of up to $50,000, with a overall upfront investment range of $290,500 to $456,600.
- Initial Franchise Fee: $50,000
- Total Investment: $290,500 to $456,600
- Working Capital: $15,900 to $20,900
- Royalty Fee: 5.0%
The upfront cost of any franchise opportunity includes many fees. Explore this investment opportunity to better understand the initial costs required to buy a Chocolate Works, such as territory fees, construction and costs, pre-opening, marketing, and technology fees.
Can you Afford This Franchise. Complete our Affordability Calculator to find out!
How much can I earn by owning a Chocolate Works franchise?
As with any new business, the franchise owner's salary and the earnings from a Chocolate Works business depends on a lot of different factors. One way to validate the potential revenues or profits generated from a Chocolate Works franchise investment is to review the franchisor's Item 19 within their FDD. Typically, profits and owner's income are correspond to the size of the investment and number of locations you own. Demand for your products, your labor costs, commercial lease rates and a number of other variables also play a huge role in your profit margin and your personal salary
For more details and system-specific data on the earnings of a Chocolate Works franchise opportunity, unlock this franchise
How many franchise locations does Chocolate Works franchise system have?
As of the 2019 Franchise Disclosure Document, there are 16 franchised Chocolate Works locations across the United States.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Are there any Chocolate Works franchises in my city?
Based on 2019 FDD analysis, Chocolate Works has franchised locations in 4 states. There could be zero outlets in several states as each franchise maps out their growth strategy differently.
Based on our research this franchise opportunity is expanding into new markets and could be available near you. While planning your franchise purchase, you always need to be thinking about where is a good location for my business. Review the potential customer base to assess that the area you are looking at has a need or want for this business.
One of our consultants will have detailed knowledge about this franchise opportunity. Sign up to learn more and talk with our researchers.
Last Reviewed: 2019
Sector: Retail Food
Category: Specialty Food Store
Chocolate Works Franchise DATA
10 Years
5 Years
12
16
5.0%
1.0%
ADDITIONAL QUESTIONS
Do they provide any initial training and opening assistance?
Yes, they have an initial training program of 68 hours. This includes 28 hours of classroom training, 40 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
| Online | 0 |
|---|---|
| On-the-Job | 40 |
| Classroom | 28 |
| Total | 68 |
Do they offer Territory Rights?
Chocolate Works offers territory protections. For an explanation of territorial rights, unlock this franchise for important details.
Do they have marketing and technology support in place?
Yes, Chocolate Works offers comprehensive support for franchisees. Unlock this franchise to find out more.
When did they begin franchising?
They began franchising in 2012. The average Specialty Food Store franchise began franchising in 2007.
Do they offer lending support?
No, but you can click here to fill out our affordability calculator and understand your financing options.
Unlock this franchise for instant access to our research findings, including:
- Growth projections
- Turnover projections
- Financial details
- Initial and renewal terms
- Royalties and marketing fees
- Critical Franchise FAQs
- Our grade and free access to consult with a franchising expert
- What are the historical franchisee revenues?
- Do they provide Veteran or First Responder discounts?
- Do they use public figures to promote their franchise?
- Do they disclose any bankruptcies?
- Is this brand affiliated with any other franchise companies or private equity investment groups?
- How many new outlets have they sold over the last 5 years?
- How many franchised outlets have closed over the last 5 years?
- How many new outlets have they sold in the last 5 years?
- How many franchised outlets have terminated over the last 5 years?
- Do they operate any corporate or affiliate owned outlets?
- How many years is their initial and renewal term lengths?
- How do they solve franchisee disputes?
- How long has the franchisor been in business?
- Are they expanding internationally?
- How are the royalty, advertising and marketing funds administered and managed by the franchisor?
- How are territories defined?
- What is the role of technology in the operation of the franchise?
- Why has new franchisee growth been so high?
- What are the critical requirements for operating a successful franchised location in this brand?
- Are you required to work as an owner-operator or is this a passive franchise opportunity?
- Will the franchisor refund any upfront fees under certain circumstances?