Revenue Figures
How much will I make owning a 16 Handles?
We are able to share some financial data, including revenues, as reported by franchisees and compiled into a chart in Item 19 of our Franchise Disclosure Document. To get a better idea of the financial performance of owning a 16 Handles franchise, submit an inquiry now!
$869K
Average revenue for top 1/3rd of locations (AUV, 2022)
$1.62M
Top store gross revenue (2022)
“Based on my experience owning multiple franchise businesses, 16 Handles is the best in terms of take-home revenue. I currently operate four stores and am constantly seeking out new locations.”
– Taiyab Zaidi,
Multi-unit Franchise Partner, NY and NJ
How profitable is owning a 16 Handles franchise?
Compared to similar QSR’s, we believe we have lower cost of goods and require less hourly labor to operate a store. While profit margins vary by operator and location depending on monthly expenses such as rent, utilities, inventory, and payroll, 16 Handles’ self-serve business model makes us an appealing opportunity for aspiring franchisees. Our inviting stores and irresistible products keep customers coming back frequently, enhancing revenue streams.
We cater to a broad range of customer preferences with various product categories, including grab-and-go items that can help increase the average order value (AOV). Our ideal franchise partner will reinvest profits to scale their business and open multiple locations in their community to maximize revenue.
What are the different revenue sources?
At 16 Handles, we collaborate with our franchise partners to optimize revenue streams for each location. Apart from the customary in-store experience, we offer convenient pickup, delivery, and catering services for special events. Our website and user-friendly smartphone app facilitate seamless ordering of pickup and delivery orders. We also sell through established third-party platforms like Doordash and Uber Eats, leveraging our extensive systemwide order volume to secure advantageous deals for our franchise partners.
Our catering services encompass in-store events such as children’s birthday parties and off-site celebrations such as weddings, office parties, bar/bat mitzvahs, and sweet 16’s. These supplementary revenue streams fortify our stores’ financial stability, especially during slower and colder seasons. The 16 Handles brand and products are perfect for catering and delivery, offering a convenient and delightful experience for customers.
High Margin, Low Cost
You’ll often hear 16 Handles franchise partners bragging about our high-margin, low-cost business model. But what exactly does this mean? Compared to other foods, frozen dessert tends to have a cheaper product cost. Because we create our own proprietary frozen yogurt and soft serve flavors in bulk quantities, we are able to pass along significant cost savings to our franchise partners. Our brand is known for offering a premium product in a modern and upscale storefront, which allows us to charge customers higher prices than competitors and leads to favorable margins for our franchise partners.
16 Handles customers love to create their own combination using our self-serve soft serve machines and toppings bar, which leads to lower labor requirements. Our stores can operate with less hourly employees and quicker initial training compared to other similar QSR’s. All this means there is more money leftover in your bottom line! We likewise leverage our franchise system’s large scale and total volume to negotiate favorable contracts with technology vendors, including our POS provider and credit card processor.
Is there a financial advantage to opening multiple units?
Absolutely! Multi-unit franchise operators can capitalize on synergies and economies of scale, resulting in increased overall profit margins. Several of our most successful franchise partners started with one location, reinvested their profits, and scaled their business to multiple units. If you are interested in opening multiple units or acquiring a territory, please get in touch with us using the form below, and we’ll be happy to help you explore your options.
How do I learn more about 16 Handles Revenue Figures?
To learn more about revenue figures, download our franchise brochure. Unfortunately, we can only show financial data, including revenues, as reported by franchisees, and compiled into a chart for the Item 19 of our Franchise Disclosure Document.