Franchise
description
Transcript of Franchise
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Jordan May
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HistoryFounded: 1985 Franchising since: 1986
Cinnabon first opened in the Seattle, Washington suburb of Federal Way, Washington on December 4, 1985 as a single bakery in the Sea Tac Mall. This bakery began by serving only its original Cinnabon Classic. Since this time, Cinnabon has evolved into a franchised company. The first franchise opened in August 1986 in Philadelphia. As of December 2007, over 650 other Cinnabon bakeries are in operation in over 30 countries around the world.
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LocationThere are 428 Cinnabon in the USTotal investment: $192.2K-317KFranchise fee: $30KOngoing royalty fee: 6%Term of agreement: 20 years,
renewable
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Cost Total investment: $192.2K-317KFranchise fee: $30KOngoing royalty fee: 6%Term of agreement: 20 years, renewable
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Training and support Training
Available at headquarters: 10 days At franchisee's location: 4-6 days at opening Regional training meetings
Ongoing SupportNewsletter
Meetings Toll-free phone line Grand opening Internet Security/safety procedures Field operations/evaluations Purchasing cooperatives
Marketing SupportCo-op advertising
Ad slicks Regional advertising
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Products CinnabonMinibonCarmel Pecanbon
Cinnabon sticks
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New StoreHigh House road and highway 55 meet and
there is an open building where a Cinnabon could be
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Rankings Franchise 500® rank:
#114 (2009); #124 (2008); #244 (2007); #159 (2006);
Ranked #1 in category in:2009;
America's Top Global Franchises:#90 (2009); #76 (2008); #135 (2007); #103 (2006);
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Competitors Auntie Anne's Mrs. Fields exceptional brand awareness around the
world. Cinnabon bakeries are traditionally located in high-traffic venues such as shopping malls, airports, universities, casinos, amusement parks, military bases, train stations and travel plazas.