Business Description

'Freshness With A Twist.' Retail pretzel stores, offering a healthy snack alternative that is freshly mixed, rolled and baked. Store options are available for traditional and non-traditional venues.

Franchisor Background

Year Established:  1991

Franchising Since:  1992

Operating Units:
Franchised Units:	192	100%
Company-Owned Units:	0	0%
Total Operating Units:	192	100.0%
Minority Representation Units Owned by Minorities: African-American: 0 Asian-American: 42 Hispanic: 0 Native American: 0 Other: 98 Specific Minority   Program(s) in place: Financing Referrals, Lease Negotiations, Managerial Training, Mentoring
Geographic Distribution: U.S.: 188 97.9% In 37 States Canada: 0 0% In 0 Canadian Provinces International: 4 2.1% In 2 Foreign Countries   Total: 192 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. California	21
2. New York	25
3. Texas	15

Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia

Financial Requirements

Investment:
Minimum Net Worth:	$250K LIQ
Cash Investment:	$75K
Total Investment:	$150K-180.5K
Average Total Investment:	$173K
Fees:
Initial Franchise Fee:	$25K
Average Franchise Fee:	$25K
On-Going Royalty:	7%
Average Royalty:	7%
Advertising Fee:	2%

Average Number of Employees: 3 Full-time, 2 Part-time

Space Needs (in square footage): 400-800

Preferred Sites: Regional Mall

Other Sites:

Encourage Conversions? Yes

Earnings Claims Provided?: Yes

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	N/A
General Business Experience:	N/A
Specific Industry Experience:	N/A
Formal Education:	N/A
Psychological Profile:	N/A
Personal Interview(s):	N/A
Terms of Contract
Term of Initial Contract:	7 Year(s)
Term of Renewal Period:	7 Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	Yes, for 1 Year(s)
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	Yes
Canadian Franchise Association:	No
Franchisee Association/Member:	Yes, Member
Size of Corporate Staff:	100
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	No
Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Not Applicable
Central Purchasing:	Not Applicable
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Included in Fees
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Atlanta, GA	6 Days
Expansion Plans
Projected New Units Over Next 12 months: 21 U.S.: Yes, All United States Canada: Yes, All Canada Overseas: No	Request Franchisor Info   Submit an online form to receive information from Pretzel Time.