Auntie Anne’s Franchise Prices, Charges, Revenues, Earnings (2023 Evaluation)

On this unique Franchise Chatter FDD Discuss put up, you’ll study the next:

Part I – Estimated preliminary funding (franchise prices) for an Auntie Anne’s franchise, based mostly on Merchandise 7 of the corporate’s 2023 FDD

Part II – Preliminary franchise payment, royalty payment, and advertising and marketing payment for an Auntie Anne’s franchise, based mostly on Objects 5 and 6 of the corporate’s 2023 FDD

Part III – Variety of franchised and company-owned Auntie Anne’s shops at first of the yr and the tip of the yr for 2020, 2021, and 2022, based mostly on Merchandise 20 of the corporate’s 2023 FDD

Part IV – Information updates on the Auntie Anne’s franchise alternative

Part V – Presentation and evaluation of Auntie Anne’s monetary efficiency representations (common revenues and/or income), based mostly on Merchandise 19 of the corporate’s 2023 FDD, together with data on the:

• fiscal yr 2022 common, median, lowest, and highest internet gross sales, by quartile, for the 493 Auntie Anne’s enclosed mall franchises that have been eligible franchises in fiscal yr 2022 (an “eligible franchise” is a franchise that reported gross sales in all 52 weeks of fiscal yr 2022 and was owned by the identical proprietor all through fiscal yr 2022)

• fiscal yr 2022 common, median, lowest, and highest internet gross sales, by quartile, for the 96 Auntie Anne’s outlet middle franchises that have been eligible franchises in fiscal yr 2022

• fiscal yr 2022 common, median, lowest, and highest internet gross sales, by quartile, for the 30 Auntie Anne’s airport franchises that have been eligible franchises in fiscal yr 2022

• fiscal yr 2022 common, median, lowest, and highest internet gross sales, by quartile, for the 54 Auntie Anne’s-Cinnabon co-branded franchises that have been eligible franchises in fiscal yr 2022

Part VI – Key ratios, comparables, computations, and analyses for the Auntie Anne’s franchise alternative (unique content material for Platinum subscribers)

Part I – Auntie Anne’s Franchise Prices

• Preliminary Franchise Price:  $35,500
• Development and Construct Out Prices:  $27,000 to $226,500
• Allowing:  $2,000 to $5,000
• Tools Package deal:  $21,000 to $60,000
• Millwork:  $5,000 to $27,000
• Furnishings:  $0 to $2,500
• Menu Board, Graphics, and Inside Signage:  $250 to $23,000
• Exterior Signage:  $3,000 to $7,000
• Pc System:  $6,000 to $24,000
• Smallwares:  $1,000 to $5,500
• Architect/Engineer:  $2,000 to $14,700
• Hire:  $2,000 to $10,000
• Grand Opening Advertising and marketing:  $2,500 to $7,500
• Authorized and Accounting Charges:  $5,000 to $10,000
• Insurance coverage:  $1,525 to $7,900
• Miscellaneous Opening Prices/Workplace Provides:  $13,000 to $25,000
• Safety Deposits:  $0 to $15,000
• Coaching and Help Charges:  $0 to $3,500
• Journey and Residing Bills Throughout Coaching:  $3,500 to $7,500
• Opening Stock:  $3,300 to $4,000
• Extra Funds for 3 Months:  $15,000 to $51,000
• Complete Estimated Auntie Anne’s Franchise Prices:  $148,575 to $572,100

Part II – Auntie Anne’s Preliminary Franchise Price, Royalty Price, and Advertising and marketing Price

• Preliminary Franchise Price:  $10,500 to $71,000
• Royalty Price:  presently, 7% of Web Gross sales, which Auntie Anne’s might improve in its sole discretion to eight% of Web Gross sales, for all Retailers besides: Cinnabon Co-Branded Retailers: 6% of Web Gross sales; Jamba Co-Branded Retailers: presently, 6% of Web Gross sales, which Auntie Anne’s might improve in its sole discretion to 7% of Web Gross sales
• Promoting Contribution:  Retailers in Different Areas: via 12/31/23: 1% of Web Gross sales; starting 1/1/24: 1.5% of Web Gross sales. Retailers in Streetside Areas: presently, 3% of Web Gross sales.
• Promoting Cooperative Contribution:  an quantity set by your Promoting Cooperative
• Native Advertising and marketing Obligation:  presently, every calendar quarter, you should spend not lower than 1% of Web Gross sales on native market promoting

Part III – Variety of Franchised and Firm-Owned Auntie Anne’s Retailers

Franchised

2020

• Retailers on the Begin of the 12 months:  1,200
• Retailers on the Finish of the 12 months:  1,140
• Web Change:  -60

2021

• Retailers on the Begin of the 12 months:  1,140
• Retailers on the Finish of the 12 months:  1,126
• Web Change:  -14

2022

• Retailers on the Begin of the 12 months:  1,126
• Retailers on the Finish of the 12 months:  1,135
• Web Change:  +9

Firm-Owned

2020

• Retailers on the Begin of the 12 months:  11
• Retailers on the Finish of the 12 months:  12
• Web Change:  +1

2021

• Retailers on the Begin of the 12 months:  12
• Retailers on the Finish of the 12 months:  12
• Web Change:  0

2022

• Retailers on the Begin of the 12 months:  12
• Retailers on the Finish of the 12 months:  11
• Web Change:  -1

Part IV – Information Updates on the Auntie Anne’s Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Earnings) for the Auntie Anne’s Franchise (Merchandise 19, 2023 FDD)

• This Merchandise 19 presents details about the monetary efficiency throughout Fiscal 12 months 2022 (the fiscal yr ended December 25, 2022) of sure Enclosed Mall Franchises, Outlet Heart Franchises, Airport Franchises, and Cinnabon Co-Branded Franchises that have been eligible franchises in Fiscal 12 months 2022.

• An “Enclosed Mall Franchise” is a franchised Full Store that’s positioned in an enclosed mall.

• An “Outlet Heart Franchise” is a franchised Full Store that’s positioned in an outlet middle.

• An “Airport Franchise” is a franchised Full Store that’s positioned in an airport.

• A “Cinnabon Co-Branded Franchise” is a franchised Cinnabon Co-Branded Store.

• An “eligible franchise” is a franchise that reported gross sales in all 52 weeks of Fiscal 12 months 2022 and was owned by the identical proprietor all through Fiscal 12 months 2022.

• This Merchandise 19 doesn’t embrace information associated to:

• (i) franchised Full Retailers (aside from the Cinnabon Co-Branded Franchises represented in Half 4) which might be positioned anyplace aside from in an enclosed mall, outlet middle, or airport (reminiscent of amusement parks, large field shops, casinos, leisure venues, farmer’s markets, navy bases, way of life facilities, energy facilities, strip malls, co-branded Subways, road areas, prepare stations, transportation facilities, journey plazas, truck stops, universities, and Walmarts);
• (ii) Concession Retailers;
• (iii) Co-Branded Retailers (aside from the Cinnabon Co-Branded Franchises represented in Half 4);
• (iv) affiliate-owned Retailers; and
• (v) Full Retailers that weren’t eligible franchises in Fiscal 12 months 2022.

• The monetary efficiency and operations of those excluded Retailers can range considerably from the efficiency and operations of the Retailers represented on this Merchandise 19.

Half 1 – Common Web Gross sales by Quartile – Enclosed Mall Franchises for Fiscal 12 months 2022

Prime Quartile

• Common Web Gross sales:  $1,102,825
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  52 / 124 (42%)
• Median Web Gross sales:  $1,042,869
• Lowest Web Gross sales:  $878,021
• Highest Web Gross sales:  $2,791,820

2nd Quartile

• Common Web Gross sales:  $766,129
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  59 / 123 (48%)
• Median Web Gross sales:  $762,615
• Lowest Web Gross sales:  $660,453
• Highest Web Gross sales:  $876,940

third Quartile

• Common Web Gross sales:  $584,821
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  63 / 123 (51%)
• Median Web Gross sales:  $588,531
• Lowest Web Gross sales:  $512,625
• Highest Web Gross sales:  $660,411

Backside Quartile

• Common Web Gross sales:  $372,044
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  63 / 123 (51%)
• Median Web Gross sales:  $384,547
• Lowest Web Gross sales:  $92,405
• Highest Web Gross sales:  $509,140

Complete

• Common Web Gross sales:  $707,259
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  220 / 493 (45%)
• Median Web Gross sales:  $660,453
• Lowest Web Gross sales:  $92,405
• Highest Web Gross sales:  $2,791,820

• As of December 25, 2022, there have been 534 Enclosed Mall Franchises. Of these 534 areas, 493 (92.3%) Enclosed Mall Franchises are represented on this desk.

• This desk doesn’t embrace:

• (i) 9 Enclosed Mall Franchises which might be Co-Branded Franchises,
• (ii) one Enclosed Mall Franchise that transformed from a Co-Branded Franchise to a Full Store in Fiscal 12 months 2022,
• (iii) 23 Enclosed Mall Franchises that didn’t report gross sales in all 52 weeks of Fiscal 12 months 2022, and
• (iv) eight Enclosed Mall Franchises that opened in Fiscal 12 months 2022.

• This desk additionally doesn’t embrace 20 Enclosed Mall Franchises that completely closed throughout Fiscal 12 months 2022, all of which had been open for a minimum of 12 months previous to closing.

• No Enclosed Mall Franchises have been reacquired by Auntie Anne’s in Fiscal 12 months 2022.

Half 2 – Common Web Gross sales by Quartile – Outlet Franchises for Fiscal 12 months 2022

Prime Quartile

• Common Web Gross sales:  $1,202,110
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  9 / 24 (38%)
• Median Web Gross sales:  $1,089,137
• Lowest Web Gross sales:  $917,888
• Highest Web Gross sales:  $1,743,651

2nd Quartile

• Common Web Gross sales:  $835,960
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  11 / 24 (46%)
• Median Web Gross sales:  $831,830
• Lowest Web Gross sales:  $766,828
• Highest Web Gross sales:  $909,910

third Quartile

• Common Web Gross sales:  $672,294
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  10 / 24 (42%)
• Median Web Gross sales:  $662,284
• Lowest Web Gross sales:  $597,406
• Highest Web Gross sales:  $761,782

Backside Quartile

• Common Web Gross sales:  $458,587
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  16 / 24 (67%)
• Median Web Gross sales:  $496,317
• Lowest Web Gross sales:  $222,948
• Highest Web Gross sales:  $575,991

Complete

• Common Web Gross sales:  $792,238
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  44 / 96 (46%)
• Median Web Gross sales:  $764,305
• Lowest Web Gross sales:  $222,948
• Highest Web Gross sales:  $1,743,651

• As of December 25, 2022, there have been 104 Outlet Heart Franchises. Of these 104 areas, 96 (92.3%) Outlet Heart Franchises are represented on this desk.

• This desk doesn’t embrace:

• (i) 4 Outlet Heart Franchises which might be Co-Branded Franchises,
• (ii) three Outlet Heart Franchises that didn’t report gross sales in all 52 weeks of Fiscal 12 months 2022, and
• (iii) one Outlet Heart Franchise that opened in Fiscal 12 months 2022.

• No Outlet Heart Franchises have been reacquired by Auntie Anne’s or completely closed in Fiscal 12 months 2022.

Half 3 – Common Web Gross sales by Quartile – Airport Franchises for Fiscal 12 months 2022

Prime Quartile

• Common Web Gross sales:  $2,572,696
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  3 / 8 (38%)
• Median Web Gross sales:  $2,463,996
• Lowest Web Gross sales:  $1,918,243
• Highest Web Gross sales:  $3,911,944

2nd Quartile

• Common Web Gross sales:  $1,651,442
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  4 / 7 (57%)
• Median Web Gross sales:  $1,659,545
• Lowest Web Gross sales:  $1,444,755
• Highest Web Gross sales:  $1,853,330

third Quartile

• Common Web Gross sales:  $1,217,068
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  4 / 7 (57%)
• Median Web Gross sales:  $1,276,084
• Lowest Web Gross sales:  $1,031,994
• Highest Web Gross sales:  $1,413,442

Backside Quartile

• Common Web Gross sales:  $566,216
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  4 / 8 (50%)
• Median Web Gross sales:  $541,968
• Lowest Web Gross sales:  $207,650
• Highest Web Gross sales:  $963,587

Complete

• Common Web Gross sales:  $1,506,362
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  13 / 30 (43%)
• Median Web Gross sales:  $1,429,098
• Lowest Web Gross sales:  $207,650
• Highest Web Gross sales:  $3,911,944

• As of December 26, 2022, there have been 42 Airport Franchises. Of these 42 areas, 30 (71.4%) Airport Franchises are represented on this desk.

• This desk doesn’t embrace:

• (i) two Airport Franchises which might be Co-Branded Franchises,
• (ii) 9 Airport Franchises that didn’t report gross sales in all 52 weeks of Fiscal 12 months 2022, and
• (iii) one Airport Franchise that opened in Fiscal 12 months 2022.

• This desk additionally doesn’t embrace one Airport Franchise that completely closed throughout Fiscal 12 months 2022, which had been open for a minimum of 12 months previous to closing.

• No Airport Franchises have been reacquired by Auntie Anne’s in Fiscal 12 months 2022.

Half 4 – Common Web Gross sales by Quartile – Cinnabon Co-Branded Franchises for Fiscal 12 months 2022

Prime Quartile

• Common Web Gross sales:  $1,601,107
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  6 / 14 (43%)
• Median Web Gross sales:  $1,440,290
• Lowest Web Gross sales:  $1,243,182
• Highest Web Gross sales:  $2,494,084

2nd Quartile

• Common Web Gross sales:  $1,105,013
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  6 / 13 (46%)
• Median Web Gross sales:  $1,098,236
• Lowest Web Gross sales:  $1,009,663
• Highest Web Gross sales:  $1,216,699

third Quartile

• Common Web Gross sales:  $870,433
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  7 / 13 (54%)
• Median Web Gross sales:  $896,613
• Lowest Web Gross sales:  $736,912
• Highest Web Gross sales:  $996,688

Backside Quartile

• Common Web Gross sales:  $504,641
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  7 / 14 (50%)
• Median Web Gross sales:  $520,505
• Lowest Web Gross sales:  $190,125
• Highest Web Gross sales:  $729,995

Complete

• Common Web Gross sales:  $1,021,505
• Quantity and Proportion of Retailers Attaining or Exceeding Common Web Gross sales:  26 / 54 (48%)
• Median Web Gross sales:  $1,003,175
• Lowest Web Gross sales:  $190,125
• Highest Web Gross sales:  $2,494,084

• As of December 25, 2022, there have been 60 Cinnabon Co-Branded Franchises. Of these 60 areas, 54 (90.0%) Cinnabon Co-Branded Franchises are represented on this desk.

• This desk doesn’t embrace:

• (i) three Cinnabon Co-Branded Franchises that didn’t report gross sales in all 52 weeks of Fiscal 12 months 2022, and
• (ii) three Cinnabon Co-Branded Franchises that opened throughout Fiscal 12 months 2022 (together with one which transformed from a Full Store to a Co-Branded Store).

• No Cinnabon Co-Branded Franchises have been reacquired by Auntie Anne’s or completely closed throughout Fiscal 12 months 2022.

• Web Gross sales for Cinnabon Co-Branded Franchises contains income generated from the sale of each Auntie Anne’s and Cinnabon merchandise.

• Some Retailers have bought or earned this quantity. Your particular person outcomes might differ. There isn’t any assurance that you’ll promote or earn as a lot.

• “Web Gross sales” contains all revenues generated by a Store or performed from or with respect to a Store, whether or not the gross sales are evidenced by money, test, credit score, cost, account, barter or trade, however doesn’t embrace:

• (a) the preliminary gross sales or reloading of present playing cards,
• (b) reductions,
• (c) the sale of meals or merchandise for which refunds have been made in good religion to prospects,
• (d) the discounted portion of worker meals,
  (e) gross sales, meals, use, or excise tax imposed by a governmental authority immediately on gross sales and picked up from prospects, supplied that the quantity for the tax is added to the promoting worth or absorbed therein and is definitely paid by you to a governmental authority,
• (f) the sale of apparatus used within the operation of the Store, or
• (g) ideas.

• On this Merchandise 19, Auntie Anne’s has not included gross sales for satellite tv for pc retail items (SRUs) which might be associated to any of the Retailers.

• These gross sales figures don’t mirror the prices of gross sales, working bills, or different prices or bills that should be deducted from the Web Gross sales figures to acquire your internet revenue or revenue.

• Auntie Anne’s calculated the figures within the tables in these monetary efficiency representations utilizing monetary stories submitted by franchisees.

• Auntie Anne’s has not audited or independently verified these monetary stories nor has it requested questions of the submitting franchisees to find out whether or not they’re in actual fact correct and full, though Auntie Anne’s has no data or different purpose to consider that they’re unreliable.

• No licensed public accountant has audited these figures or expressed his or her opinion regarding their content material or kind.

Part VI – Auntie Anne’s Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️