About Crispy Cones Franchise
Crispy Cones is a specialty dessert franchise offering gourmet European style ice cream cones with a creative twist.
The brand's signature product features fresh dough cones grilled rotisserie style, coated in cinnamon and sugar or specialty toppings, then filled with gourmet soft serve, fruit, spreads, and a variety of toppings.
The franchise fee is $35,000, and the company has been franchising since 2022 under Crispy Cones Holdings, LLC.
Crispy Cones Franchise Cost & Fees
Minimum Investment
$285K
Average Investment
$414K
Maximum Investment
$543K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $35,000 | One-time payment upon signing |
| Royalty Fee | 5% of Gross Sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Up to 2% of Gross Sales. Currently 1% of Gross Sales. | National brand fund |
| Total Investment Range | $284,750 – $543,000 | Includes build-out, inventory, working capital |
The investment range of $285K–$543K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (5% of Gross Sales) and marketing fee (Up to 2% of Gross Sales. Currently 1% of Gross Sales.) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $35,000 | $35,000 |
| Lease for Premises (Note 1) | $4,000 | $10,000 |
| Improvements for Store Build Out (Note 2) | $150,000 | $305,000 |
| Equipment, Fixtures and Signage (Note 3) | $70,000 | $120,000 |
| Initial Training Costs (Note 4) | $4,000 | $4,000 |
| Point of Sale System, Computer Hardware and Software (Note 5) | $5,000 | $8,000 |
| Opening Inventory and Supplies (Note 6) | $8,000 | $15,000 |
| Uniforms | $500 | $3,000 |
| Licenses, Permits, Deposits and Prepaid Expenses (Note 7) | $700 | $3,000 |
| Grand Opening Promotional Expenses (Note 8) | $2,000 | $5,000 |
| Professional Fees (Note 9) | $100 | $2,000 |
| Insurance (3 months) (Note 10) | $450 | $3,000 |
| Additional Funds (3 months) (Note 11) | $10,000 | $30,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $3,500 |
| Renewal Fee | $3,500 |
| Technology Fee | Up to 1% of Gross Sales |
| Audit Fee | Cost of financial audit |
| Non-Compliance Fee | Dependent on violation ($1,000, $250, $100 per day) |
| Late Payment Fee | 10% of the past due amount plus $50 per week |
| Insufficient Funds Fee | $25 per week |
| Interest | 10% annually or the greatest amount allowed under applicable law, whichever is less |
| Reimbursement of Taxes | An amount necessary to cover any taxes and related costs and expenses |
| Additional Initial Training | $250 per day per individual for the 12-day training program |
| Additional Training | $250 per day |
| Testing and Approval of Suppliers | $1,000 per supplier |
| Relocation Fee | Reasonable costs and expenses |
| Interim Management Fee | 3% of the Gross Sales plus our costs of travel, meals and lodging actual reasonable overhead expenses |
| Costs and Attorneys’ Fees, Indemnification | Will vary under circumstances |
| National or Regional Conferences | Our then-current fee per attendee |
| Marketing Materials | $60 per hour plus the cost of materials purchased |
| Insurance Premiums | Reimbursement of our costs plus 10% administrative fee |
| Liquidated Damages | Sum of Royalty Fees accrued during the immediately preceding 24 full calendar months, plus all taxes assessed on such payment |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | two weeks consisting of 12 days |
| Classroom Training | 30 |
| On-the-Job Training | 65.5 |
| Training Location | a designated training facility or a company-owned Crispy Cones Store in the Rexburg, Idaho area, or other location designated by Crispy Cones. |
| Additional Training | We may, in our discretion, provide additional training or refresher programs for any personnel. You may request additional training from us. We will designate the location of such training and charge our then current additional training fee. If we provide training at your Store, you must also pay our expenses for transportation, food, and lodging of each instructor. You are also responsible for such expenses for your attendees. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected |
| Exclusive Territory | No |
| Territory Size | will generally not place another traditional franchise unit within 3 miles from your premises in all directions. |
| Description | The size and scope of the protected territory will be set out in the Franchise Agreement and determined on a case-by-case basis based on population density, the business base in the territory, whether your location is in a metropolitan or rural area, and other comparable factors. We may set the boundaries of your territory based on zip code, county lines, designated market area, radius from a specific address, and/or other recognizable demarcations. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years from the date the Store opens for business to the public. |
| Renewal Term | one additional 10 year term |
| Renewal Fee | $3,500 |
| Renewal Conditions | You must give 180 days prior notice; have sufficient remaining term on your lease for the premises to operate the franchise for the term; not be in default of your Franchise Agreement; remodel the premises at your expense to reflect the then-current physical appearance of new Stores; sign our then-current franchise agreement (which may contain materially different terms and conditions than your original Franchise Agreement); pay a non-fundable renewal fee of $3,500; and you, and each person owning an interest in you, sign a general release in a form satisfactory to us. |
| Transfer Fee | $3,500 |
| Transfer Conditions | Transferee must meet then current standards for new franchisees and sign the then-current form of franchise agreement; you must pay all amounts due to use and a transfer fee equal to 25% of our then-current franchise fee; you must have provided us all required reports; you must have complied with all required modernization or refurbishment of the premises; you and each guarantor must sign a general release of all claims; the transferee must, at its expense, comply with all training requirements, including any initial training; you must provide us any financial reports and data we require; and you must provide the terms and conditions of the transfer to us in writing. |
| Termination for Cause | We can terminate the Franchise Agreement if you are in default. Curable defaults: You have 10 days to cure any failure to make any payment. You have 30 days to cure if you (1) fail to timely select a premises or open your franchise, (2) fail to comply with any provision of the Franchise Agreement, (3) fail to conform to the material requirements of the System or the standards of uniformity and quality; (4) fails to timely pay any of its obligations or liabilities due and owing to Crispy Cones, under this agreement or otherwise, suppliers, banks, other creditors or any governmental unit or agency; (5) fail to successfully complete the required training; (6) violate the terms of any other agreement with us or our affiliate or vendors; (7) open for business on Sunday; (8) fail to pay taxes as required under applicable law; or (9) fail to select and receive approval of a site and commence operation of the business within the required time periods. Non-curable defaults:(1) failure to comply with one or more material requirements of the Franchise Agreement three or more times in any 12 month period; (2) the nature of the breach makes it not curable; (3) you willfully and repeatedly deceive customers relative to the source, nature or quality of goods sold; (4) you or any guarantor managers, directors, officers or shareholders are convicted of or plead guilty to a charge of violating any law that adversely impacts the reputation of us, the Store or Stores generally; (5) you are insolvent within the meaning of applicable law; (6) you make an assignment for the benefit of creditors or enter into any similar arrangement; (7) you voluntarily or otherwise abandon the business by failing to operate for five consecutive days or any shorter period of time after which it is not unreasonable to conclude that you do not intend to continue to operate; (8) you are involved in any act or conduct that materially impairs the goodwill associated with the name Crispy Cones or any of the Marks or System; (9) you breach any non-competition obligation; (10) you willfully and materially falsify any report statement or other data given to us; (11) you or your assets, property, or interests are blocked under any law, ordinance, or regulation relating to terrorist activities, or you violate any such law, ordinance, or regulation; (12) you make any material misrepresentations in connection with the Franchise Agreement or the acquisition of the Store; or (12) you violate any health, safety or sanitation law, ordinance or regulation and do not cure within 72 hours. |
| Non-Compete Period | two years |
| Non-Compete Details | Subject to applicable state law, for two years, you may not have any interest in or services for a competitive business within 25 miles of your Crispy Cones Store or 25 miles of any Crispy Cones Store. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | Although such Principal Owner or general manager does not need to physically be at the premises at all times in which the Store is open to the public, such individual must manage the day-to-day operation of the Store and assure that such operation is in accordance with the System and the Franchise Agreement. Such Principal Owner or general manager is responsible for the day-to-day supervision of the Franchised Business and must assume responsibilities on a full-time basis and must not engage in any other business or other activity, directly or indirectly, that requires any significant management responsibility, time commitments or that otherwise may conflict with such obligations. |
| Required Suppliers | We and our affiliates are currently the approved or sole supplier of (i) the dry mix, (ii) the grills, (iii) exterior and interior signage for your Store, (iv) all branded paper products, and (v) Crispy Cones branded merchandise such as memorabilia, T-shirts, and hats. Additionally, we may in the future designate ourselves or an affiliate as an approved supplier (and, possibly, the sole supplier) of any goods and any other services that are used in the development or operation of your Store. |
| Supply Restrictions | You are required to obtain certain products and other items from us, our affiliates, or from sources we approve. We restrict the source of these items to protect trade secrets and other intellectual property rights, assure quality, assure a reliable supply of products meeting our standards, achieve better purchase terms and delivery service, and to control use of the Marks by third parties. We will provide a list of approved and designated suppliers in the Brand Standards Manual or otherwise in communications with you. Currently, we require you to use our designated vendors for (i) all food and drink products, paper products, and other supplies for your Store, (ii) certain equipment such as grills, (iii) exterior and interior signage for your Store, (iv) Crispy Cones branded merchandise such as memorabilia, T-shirts, and hats, (v) gift card management and replenishment services, and (vi) computer hardware and software. |
| Franchisor Revenue from Suppliers | Our total revenue from all sources in our last fiscal year was $576,204, and the revenues from required purchase of our products by franchisees was $46,566 for the same period, or 8.08% of our total revenues. Our affiliate, Crispy Cones Corporate, will sell certain products described above to franchisees and its revenue from such sales in the last fiscal year was $0. As of the date of this Disclosure Document we receive rebates from two designated suppliers structured as a percentage of total franchisee purchases. We reserve the right to continue to receive rebates from designated suppliers in the future. |
Crispy Cones Franchise Earnings — Item 19
Average Revenue
$229K
Median Revenue
$229K
Revenue Range
$192K – $266K
Sample Size
2 units
Past financial performance does not guarantee future results. Individual results will vary.
Crispy Cones Litigation & Risk Flags
Clean Litigation RecordCrispy Cones has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Crispy Cones System Growth
Total Units
5
Franchised
3
Company-Owned
2
Crispy Cones currently operates 3 franchised locations and 2 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2021 | 1 | 0 | 2 |
| 2022 | 0 | 0 | 2 |
| 2023 | 3 | 0 | 5 |
Transfers: 0 | Closures: 0
State Registrations
Registered in 14 states: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, Wisconsin
Franchisor Financials (Item 21)
Revenue
$576K
Net Income
$-27,828
Total Assets
$549K
Audited by COOPER NORMAN for year ending December 31.
Crispy Cones Franchise — FAQ
The total investment to open a Crispy Cones franchise ranges from $284,750 to $543,000, per their Franchise Disclosure Document. This includes the initial franchise fee of $35,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Crispy Cones charges a royalty fee of 5% of Gross Sales of gross sales, plus a Up to 2% of Gross Sales. Currently 1% of Gross Sales. contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Crispy Cones Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Crispy Cones to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Crispy Cones franchise owners report average revenue of $229K and median revenue of $229K. This is based on a sample of 2 units. Past performance does not guarantee future results.
Crispy Cones has been franchising since 2022. The FDD shows an investment range of $284,750-$543,000, a 5% of Gross Sales royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $35,000 and the total investment ranges from $284,750 to $543,000 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Crispy Cones and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Crispy Cones or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com