Frequently Asked Questions
Do I need to have any prior experience in owning a retail or restaurant-type business to operate a yogurt shop?
No. We understand that the majority of new franchise owners do not have prior experience in owning a business and the Yo Mon system provides all the tools you will need to be successful. Additionally, our team will be at your location as you open your shop.
How long will I be at training and what can I expect to learn?
Our initial training program consists of approximately two weeks of classroom and on-site training at a company owned location in Red bank, New Jersey. We request that you attend training, and we also invite your to bring your store manager. In addition, one of our representatives will be at your site for up to 5 days (to be scheduled around your opening).
Your training program is intensive and includes: Recipes and Prep Procedures, Quality and Service Standards, Inventory Procedures, Equipment and Safety, Brand Compliance, Food Safety, and Sanitation and Health Code Compliance. The training program will ensure that you are ready to open and run your shop with complete confidence from day one.
Will you assit me with establishing my vendor relationships and initial inventory purchase?
Yes. Most of our product is purchased from the same vendor. In addition, we order all of our branded, paper goods in bulk, which you can purchase at considerably less cost then ordering on your own. In addition, we will assist and advise you during your initial opening inventory purchase.
Does Yo Mon Yogurt offer financing?
Currently, we do not have a relationship with a third party that will assist you with financing. However, the majority of the equipment manufacturers that we use do have financing sources for equipment.
Does Yo Mon Yogurt franchise offer a muti-unit franchise opportunity?
Absolutely! We understand that you may want the flexibility to open multiple locations and have complete control of your territory. You are provided a protected territory as part of your franchise agreement. We will also provide you a first right of refusal for adjacent territories at the time of your franchise closing.
What are the initial franchise fees and ongoing royalty fees?
The initial franchisee fee is $35,000. Currently there is no national advertising fee, but you will pay ongoing royalties will be 4% in Year 1, 5% in Year 2 and 6% of gross sales in Year 3. We ask that you spend a minimum of $1,000 a month in local advertising.
Where should I locate my Yo Mon shop?
We appeal to a large cross-section of consumers. Our locations are currently located in more suburban areas, and we will work directly with your local real estate professional to help select the best location available. In general, we are looking for significant community activity, including:
- Mixed Medical Complexes and Offices
- Schools & Recreational Areas
- YMCA’s or Large Fitness Related Centers
- Theaters and Other Social Gathering Spots
Ideally, we would like you in a space that is between 1,500 – 1,800 square fee of space that also has outdoor seating available. It is not necessary for you to have a strong anchor tenant; however, visibility and signage is very important.
How long will it take me to open my shop once I have signed a franchise agreement?
Your first location will generally open within 6 – 9 months of signing your agreement. If your location has already been identified, the time to open can be reduced considerably.
Will you help me with my initial marketing strategy and grand opening?
Yes. We will assist you with all aspects of your opening and we will be in attendance. We will discuss at length how to time your opening to take advantage of peak season.
Social media is really big right now. Do you have a policy as to what I can and cannot do?
We have an extensive social media policy that we have coupled with best practices. Some storeowners are better equipped than others to monitor and manage their social media presence. We will discuss this at length during training and you will be all set up before you open your shop.