2024-06-07 16:40:52
As yogurt ice cream has just lately emerged as a scorching menu merchandise amongst younger folks, inquiries about associated franchises have been pouring in.
As the recognition of the Chinese language snack Tanghulu is fading, some say that yogurt ice cream is rising instead.
Nevertheless, some recommend that constant menu growth and retailer administration are wanted to keep away from following the instance of previous franchises’ ‘flashing reputation’.
In response to the franchise trade on the seventh, ‘Yoahjeong (the traditional yogurt ice cream)’ operated by Trillions just lately surpassed the four-hundredth department primarily based on the franchise settlement. The variety of shops presently in operation is 298.
Trillions, the corporate that operates ‘Yoajeong’, posted on its web site, “Our work is presently paralyzed as a consequence of franchise inquiries, so we’re unable to name you first. If you happen to fill out the franchise inquiry on our web site, we’ll name you sequentially.” Which means that its reputation is hovering.
An official from Yogurt Ice Cream Jeongseok mentioned, “Inquiries about franchises started to extend in November of final 12 months, and the variety of franchises is growing by about 10 per week.”
Yoajeong is legendary for being as candy because the Chinese language snack Tanghulu. The worth ranges from 10,000 to twenty,000 gained in case you add honeycomb, snacks, and so on. to the essential plain.
Not too long ago, it has turn into fashionable among the many MZ era as well-known celebrities and influencers frequent it. It was additionally launched by well-known influencers reminiscent of Hyewon of the woman group Nmix, singer Kang Min-kyung, and YouTuber Ipshort Hat.
You should use a wide range of toppings and recent fruits, together with 10 sorts of fruits, 30 sorts of snacks, toppings, and sauces, to create your individual mixture, and mixture strategies are being shared on Instagram and blogs.
Tanghulu, a Chinese language snack, additionally grew to become fashionable final 12 months, and the variety of shops elevated quickly, however then rapidly decreased inside six months, so some level out that new franchise homeowners ought to take a cautious look when selecting a brand new pattern retailer.
In response to the Honest Commerce Fee (FTC), the variety of shops elevated from 99 in 2021, when Yoajeong started recruiting franchisees, to 158 in 2022 and 166 in 2023.
The variety of new shops opened final 12 months was 28. Alternatively, there are 17 shops whose contracts have ended and three shops whose contracts are terminated. Identify adjustments had been made in 33 locations.
Yoajeong’s common annual gross sales final 12 months had been KRW 146.12 million, a 9.9% enhance from the earlier 12 months, whereas Trillions, the franchise headquarters, recorded gross sales of KRW 5.09654 billion final 12 months, a 27.5% enhance from the earlier 12 months (KRW 3.99723 billion). Working revenue was 287.23 million gained, a 54.6% lower from the earlier 12 months (632.25 million gained).
The contribution that franchise homeowners need to pay to the franchise headquarters has elevated 4.6 occasions. The full burden of franchisees, which incorporates membership charges (franchise charges), coaching charges, deposits, and different prices, is 50.2 million gained (as of April 22, 2024), up 364.8% from the earlier 12 months’s 10.8 million gained (as of September 15, 2023). Throughout the identical interval, the deposit franchise charge additionally elevated from 10.8 million gained to 12.8 million gained.
Jinju Park, born in 1990, is the CEO of Yoa-jeong’s Trilliance. The manager administrators embody Mr. Park and American nationals Oh Ha-young (born in 1964), Min Gyeong-seok (born in 1968), and Jeong Dae-hwi (born in 1980).
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2024-06-07 16:40:52