The Original Rainbow Cone is an iconic ice cream franchise operated by Five Flavors Franchising LLC, offering a distinctive menu of signature ice cream cones, cakes, sundaes, shakes, packaged ice cream, and mini donuts. The brand has been…
Total Investment
$2.0M – $3.2M
Franchise Fee
N/A
Royalty Rate
6% of Gross Sales Gross Sales
Total Units
16
Franchising Since
2021
🌻About Five Flavors Franchise
The Original Rainbow Cone is an iconic ice cream franchise operated by Five Flavors Franchising LLC, offering a distinctive menu of signature ice cream cones, cakes, sundaes, shakes, packaged ice cream, and mini donuts.
The brand has been franchising since 2021 and also operates ice cream trucks in the Chicago metropolitan area, bringing its colorful frozen treats to customers beyond the traditional storefront.
The Original Rainbow Cone concept stands out with its signature five flavor cone, a Chicago institution that has been delighting customers for generations.
💰Five Flavors Franchise Cost & Fees
Minimum Investment
$2.0M
Average Investment
$2.6M
Maximum Investment
$3.2M
Fee Type
Amount
Notes
Initial Franchise Fee
N/A
One-time payment upon signing
Royalty Fee
6% of Gross Sales of gross sales
Ongoing; paid monthly
Marketing/Ad Fund
3% of Gross Sales
National brand fund
Total Investment Range
$2,037,420 – $3,213,753
Includes build-out, inventory, working capital
The investment range of $2.0M–$3.2M reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (6% of Gross Sales) and marketing fee (3% of Gross Sales) are ongoing costs paid as a percentage of gross sales.
💵Additional Fees (Item 6)
Fee Type
Amount
Transfer Fee
$5,000
Renewal Fee
$7,500
🏦Financing (Item 10)
Detail
Information
Financing Available
No
Description
Franchisor does not offer financing.
📊Five Flavors Franchise Earnings — Item 19
Average Revenue
$1.1M
Revenue Range
$65K – $1.6M
Sample Size
2 units
Past financial performance does not guarantee future results. Individual results will vary.
⚖Five Flavors Litigation & Risk Flags
✓
Clean Litigation RecordFive Flavors 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.
📈Five Flavors System Growth
Total Units
16
Franchised
8
Company-Owned
8
Five Flavors currently operates 8 franchised locations and 8 company-owned units. Unit count data is sourced from Item 20 of the FDD.
❓Five Flavors Franchise — FAQ
The total investment to open a Five Flavors franchise ranges from $2,037,420 to $3,213,753, per their Franchise Disclosure Document. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Five Flavors charges a royalty fee of 6% of Gross Sales of gross sales, plus a 3% of Gross Sales contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Five Flavors 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 Five Flavors to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Five Flavors franchise owners report average revenue of $1.1M. This is based on a sample of 2 units. Past performance does not guarantee future results.
Five Flavors has been franchising since 2021. The FDD shows an investment range of $2,037,420-$3,213,753, a 6% 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 N/A and the total investment ranges from $2,037,420 to $3,213,753 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
Get free info on this franchise. We will send you a detailed FDD report by email.
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 Five Flavors and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Five Flavors or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com
Five Flavors
Total Investment
$2.0M – $3.2M
💰 Costs & Fees
Franchise FeeN/A
Royalty6% of Gross Sales
Marketing Fee3% of Gross Sales
FinancingNot Available
🏢 System Overview
Total Units16
Franchising Since2021
Earnings Claim (Item 19)Yes
📄 Contract Terms
⚖️ Legal & Risk
Pending LitigationClean
Bankruptcy HistoryNone
Download the Full Five Flavors FDD
2024 · Public Registry Document
Free · No paywall · Instant FDD report
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