About I and S Franchise
Icy N Spicy is a restaurant franchise operating under I and S FR LLC, offering a menu that combines frozen treats with bold, spicy food items.
Franchising since 2020, the brand delivers a unique dining concept that pairs cold desserts and beverages with flavorful, spice forward dishes, creating a memorable and distinctive customer experience.
The initial franchise fee is $38,000.
I and S Franchise Cost & Fees
Minimum Investment
$262K
Average Investment
$329K
Maximum Investment
$395K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $38,000 | One-time payment upon signing |
| Royalty Fee | 5.5% of Gross Sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | As established by cooperative members, but not exceeding 1% of Gross Sales | National brand fund |
| Total Investment Range | $262,300 – $395,350 | Includes build-out, inventory, working capital |
The investment range of $262K–$395K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (5.5% of Gross Sales) and marketing fee (As established by cooperative members, but not exceeding 1% of Gross Sales) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee (Note 1) | $38,000 | $38,000 |
| Construction and Leasehold Improvements (Note 2) | $38,000 | $115,000 |
| Lease Deposits – 3 Months (Note 3) | $4,000 | $8,000 |
| Furniture, Fixtures and Equipment (Note 4) | $110,000 | $140,000 |
| Signage (Note 5) | $7,000 | $7,000 |
| Computer, Software and Point of Sales System (Note 6) | $1,500 | $2,500 |
| Grand Opening Marketing (Note 7) | $5,000 | $8,000 |
| Initial Inventory (Note 8) | $20,000 | $30,000 |
| Utility Deposits (Note 9) | $1,500 | $3,000 |
| Insurance Deposits – 3 Months (Note 10) | $300 | $350 |
| Initial Training Fee (Note 11) | $10,500 | $10,500 |
| Travel for Initial Training (Note 11) | $750 | $1,500 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | 5% of amount or $50, whichever is greater, or maximum fee allowed by law |
| Renewal Fee | 20% of our then current initial franchise fee |
| Technology Fee | $500 |
| Audit Fee | For costs incurred by us for each financial audit, provided the audit determines |
| Brand Development Fund (Note 4) | Up to 1% of Gross Sales, not currently assessed |
| Local Marketing (Note 5) | 1% of Gross Sales |
| POS System (Note 6) | Currently 2.75% per transaction |
| Annual Conference Attendance Fee (Note 10) | $1,500 |
| Additional Employee Initial Training | $300 |
| Supplemental On-Site Training | $300 |
| Interest | 18% per annum from due date |
| Reporting Non-Compliance | $150 |
| Operations Non-Compliance | $450 |
| Payment Non-Compliance | $150 |
| Construction and Leasehold Improvements (Note 2) | $38,000 |
| Lease Deposits – 3 Months (Note 3) | $4,000 |
| Furniture, Fixtures and Equipment (Note 4) | $110,000 |
| Signage (Note 5) | $7,000 |
| Grand Opening Marketing (Note 7) | $5,000 |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Renewal Term | If you meet our conditions for renewal you may renew your franchise for one additional 10-year term. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | Does not offer financing. |
I and S Franchise Earnings — Item 19
I and S does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
I and S does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
I and S Litigation & Risk Flags
Clean Litigation RecordI and S 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.
I and S System Growth
Total Units
0
Franchised
0
Company-Owned
0
I and S currently operates 0 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 0 | ||
| 2020 | 0 | ||
| 2021 | 0 |
I and S Franchise — FAQ
The total investment to open a I and S franchise ranges from $262,300 to $395,350, per their Franchise Disclosure Document. This includes the initial franchise fee of $38,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
I and S charges a royalty fee of 5.5% of Gross Sales of gross sales, plus a As established by
cooperative
members, but not
exceeding 1% of
Gross Sales contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the I and S 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 I and S to ensure you have the most up-to-date version.
I and S does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
I and S has been franchising since 2020. The FDD shows an investment range of $262,300-$395,350, a 5.5% 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 $38,000 and the total investment ranges from $262,300 to $395,350 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 I and S and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with I and S or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com