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General

Industry

Food and Beverage

Category

Smoothie

Works with Franchise Brokers

No

Year of Founding

2012

Fees

Marketing Fee

0

Royalty Fee

5%

Franchise Fee

$23,500-$23,500

Investment Range

$91K-$229K

Location units

Total U.S. Locations

44

U.S. Franchised Units

26

U.S. Corporate Units

18

Headquarters (City)

South Chittenden

Other

Item 19 - Franchise Financials

Yes

E-2 Visa Eligibility

No

Started Offering Franchises

2012

Issuance of FDD Data

03/25/2021

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$91K-$229K

Franchise Fee

$23,500-$23,500

What to know about Waffle Cabin franchise?

The franchise is for a restaurant offering quick-serve Belgian sugar waffles and beverages such as coffee, tea and hot cocoa operating under the name "Waffle Cabin" using the franchisor's proprietary recipes, formulae, techniques, trade dress, trademarks and logos. The Waffle Cabin was a concept started by Peter Creyf and Ingrid Heyrman. They originally called it "Leo's - Gaufres de Liège" and operated from a pushcart at Quincy Market in Boston in May 1998. However, after varied results at this location and one at Boston Common Park, they decided to try a new venue - ski resorts. They started in December 1999 and immediately felt a spark - an enthusiasm for their waffles. During Presidents Week that same season, they were given a chance to operate at another resort and the results were the same, which was quite exciting. When their first season was over, they contacted other resorts who gave them the go-ahead to sell their product. However, they weren't always given the best locations but this just motivated them even more.

Waffle Cabin is based in South Chittenden, VT. Scroll down to learn more!

How much does a Waffle Cabin franchise cost?

Are you wondering how much is a Waffle Cabin franchise? Before starting a Waffle Cabin franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Waffle Cabin franchise is $91,100 and can go all the way up to $229,000. Keep in mind, you should also allocate additional funds to live off of while the Waffle Cabin business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Waffle Cabin franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Waffle Cabin business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Waffle Cabin franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

Industry Report Request

Download our guide to compare Waffle Cabin. Hotels to the Smoothie, Outdoor Food and Beverage industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 13 2 0 15
2017 20 5 1 24
2018 24 4 5 23
2019 23 6 0 29
2020 29 1 2 26

Additional Details

How much does a Waffle Cabin franchise owner make?

Waffle Cabin franchise earnings and revenue can vary significantly from one franchisee to another.
The Waffle Cabin franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Waffle Cabin discloses financials at the unit level. In other words, they show how much Waffle Cabin franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Waffle Cabin franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Waffle Cabin. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Waffle Cabin owners were making.

Visit the Waffle Cabin metrics tab to explore the financials for this business.

What is the Waffle Cabin franchise fee?

Owning a Waffle Cabin franchise requires 5% royalty fee and 0% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Waffle Cabin Franchise Disclosure Document

Keep in mind, there is also an initial Waffle Cabin franchise fee of $23,500 that is included in the initial investment amount of $91,100 to $229,000. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Waffle Cabin franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Waffle Cabin franchise fee of $23,500.

Visit the Waffle Cabin metrics tab to explore the financials for this business, royalty and marketing fees compare to other Food and Beverage franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Waffle Cabin founded?

Waffle Cabin started offering franchises in 2012. Waffle Cabin was founded 10 years ago in 2012.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Waffle Cabin locations are in the U.S.?

As of 2021, there were 26 locations across the U.S. There are also 18 corporate locations. Most Food and Beverage franchises like Waffle Cabin have more franchised locations than corporate locations.

How many Waffle Cabin franchises opened over the past few years?

Over the prior 3 years we have data for, Waffle Cabin has opened 11 outlets throughout the U.S. Visit the Waffle Cabin metrics tab to explore how the openings compare to other Food and Beverage franchises.

How many Waffle Cabin franchises closed over the past few years?

Over the prior 3 years we have data for, Waffle Cabin has closed 7 outlets throughout the U.S

Visit the Waffle Cabin metrics tab to explore how the openings compare to other Food and Beverage franchises.

Is Waffle Cabin growing? Are they opening more locations than they are closing?

The net unit growth rate for Waffle Cabin over the past 3 years is 8%. Over the last year we have data for, Waffle Cabin had a net unit growth rate of -10%.

Without a comparison, this number doesn’t mean much. Compare how the Waffle Cabin growth rate compares to 2,000+ other franchises and Industry franchises like Waffle Cabin. More info in the Waffle Cabin metrics tab.

Is Waffle Cabin franchise eligible for an SBA Loan?

Waffle Cabin is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Waffle Cabin franchise was assigned the SBA Franchise ID of S5235 on 04/18/2020. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Waffle Cabin that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Waffle Cabin a franchise in the United States?

According to the SBA, Waffle Cabin meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Waffle Cabin provides you with an FDD if you are in discussion to buy a Waffle Cabin.

What is the Waffle Cabin Franchise for Sale Rate?

The Waffle Cabin systemwide health and franchisee satisfaction can be measured by the Waffle Cabinfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Waffle Cabin franchise for sale rate over the past 3 years is 5%. Over the last year we have data for, Waffle Cabin had a franchise for sale rate of 8%.

Without a comparison, this number doesn’t mean much. Compare how the Waffle Cabin franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Waffle Cabin. More info in the Waffle Cabin metrics tab.

What is the Waffle Cabin Franchise Failure Rate?

Waffle Cabin franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Waffle Cabin failure rate over the past 3 years is 27%. Over the last year we have data for, Waffle Cabin had a franchise failure rate of 8%.

Without a comparison, this number doesn’t mean much. Compare how the Waffle Cabin franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Waffle Cabin. More info in the Waffle Cabin metrics tab.

How can I find out more details on Waffle Cabin franchise?

Visit the Waffle Cabin metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Waffle Cabin

$160,050

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Waffle Cabin

5%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Waffle Cabin

$23,500

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Food and Beverage

Category

Smoothie

Works with Franchise Brokers

No

Year of Founding

2012

Fees

Marketing Fee

0

Royalty Fee

5%

Franchise Fee

$23,500-$23,500

Investment Range

$91K-$229K

Location units

Total U.S. Locations

44

U.S. Franchised Units

26

U.S. Corporate Units

18

Headquarters (City)

South Chittenden

Other

Item 19 - Franchise Financials

Yes

E-2 Visa Eligibility

No

Started Offering Franchises

2012

Issuance of FDD Data

03/25/2021

Detailed Franchise metrics for Waffle Cabin

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Waffle Cabin below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Waffle Cabin

-10%

8%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Waffle Cabin

0%

5%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Waffle Cabin

0%

27%

Industry median

All franchises median

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Business details

Website

www.wafflecabin.com

Business email

G**************@wafflecabin.com

Mailing address

18 Night Pasture Lane

State headquarters

Vermont

Contact Name

Waffle Cabin

Phone

+1 (000) 0********00

City

South Chittenden

Zip code

05701
Name Email State City Zip Code

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