Few things are sweeter than a frost-slathered Cinnabon roll, most likely available at your local mall. This international franchise operation has more than 1,200 locations worldwide as of 2015, according to Entrepreneur, and welcomes new applicants with the requisite experience and available cash. As with any franchise business, the company requires potential franchise owners to successfully complete a multistep application process before a new Cinnabon can fire up the ovens.
Franchise Fees and Capital Requirements
Founded in 1985, Cinnabon began franchising new stores the following year. It takes some financial stability and resources to pass the application process. As of 2015, the franchise fee was $30,000 for a full store and $7,500 for the smaller Cinnabon Express operation. The company requires available capital of $125,000 and a net worth of at least $400,000. Franchise owners should also expect to purchase the required equipment and pay construction costs as part of their startup operations.
Applicants begin by navigating to the Cinnabon website and requesting an information package. Cinnabon lays out a six-part Steps to Ownership process, which begins with a Request for Consideration form. The company then contacts the applicant for a prequalification phone call. If the applicant passes this step, a director of development conducts a second interview. Successful applicants then have an opportunity to review the Franchise Disclosure Document and the complete application.
Approval and Training
Cinnabon's Approval Committee reviews the completed application for the final decision on the new franchise. In the meantime, the company expects applicants to prepare their individual business plans and begin working with the company's real estate and store development team, which assists on the leasing, layout, construction and equipping of new Cinnabon locations. The company has a training manual and a program at its WOW University to prepare owners for the demands of a high-traffic, short-order bakery. It also offers ongoing support when the store is up and baking.