Edible Arrangements and Fruit Flowers typify the nation’s most recognized fruit basket franchises. As the vying companies present similar edible fruit baskets and franchise opportunities, the following facts describe pertinent details to investing in a fruit basket franchise.
- Fifteen states currently regulate the purchase and sale of fruit bouquet franchises. Franchisors have to adhere to pre-sale registration and disclosure compliances. (These states include Illinois, Indiana Michigan, Minnesota, Wisconsin, North Dakota, South Dakota, Oregon, California, Hawaii, New York, Virginia, Washington, Maryland and Rhode Island).
- The prospective fruit bouquet franchisee should have a minimum of $150,000 of cash reserves to invest in a fruit basket franchise.
- The annual cost to insure a fruit bouquet company ranges from $14 K to $30 K, depending on the city and state. That’s a median expense of $2,250 a month.
A minimum of $15,000 is necessary for the initial inventory at Edible Arrangements.
Both Edible Arrangements and Fruit Flowers educate franchisees how to
- Make purchasing decisions
- Hire staff
- Administer the delivery process
- Plan and execute the marketing strategy
- Manage and track profits and bookkeeping
Becoming a franchisee for the edible fruit company, Edible Arrangements, entails a five step process. During the first step a prospective owner reviews disclosures and the company’s policies and procedures. Writing a business plan, securing financing and attending an orientation encompass the next phase before the franchisee is approved to open a store.
- In order to use the brands and licenses of a fruit basket franchise, such as Edible Arrangements or Fruit Flower.com franchises remit an initial franchise fee, ranging from $20,000 – $30,000.
- The business equipment and fruit bouquet devices needed to start a fruit bouquet company represents a minimum of $48,000 in start-up expenditures.