Red Mango is a franchise with a $35,000 franchise fee. The initial investment ranges from $258,100 to $441,600. 6% of gross sales pay the royalty, and 4% goes to advertising. Red Mango franchisees should have a net worth over $350,000 with $200,000 in liquid assets. The initial investment for a self-serve store is higher, ranging from $331,100 to $488,600.
Additional menu items include smoothies, hot chocolate, probiotic drinks, and parfaits. To open a franchise, ensure adequate capitalization. The minimum investment is $128,000 up to $590,500. After earning significant income, consider hiring a manager.
Red Mango offers healthy fare like yogurt, smoothies, juices and grab ‘n go items. Spend money on real estate, equipment, inventory, working capital, etc. The LA Live location remains open. Red Mango was founded by Daniel Kim after business school. The name comes from mangoes optimal ripeness when red. There are over 50 US locations.
Initial Investment and Fees
The initial investment ranges from $194,200-$500,900 with a franchise fee of $27,000-$42,000 and royalties of 6%. Prices of products range anywhere from $3 to $7 depending on yogurt size and shop location.
Associate Vice Chancellor Robert Simmons speculated possible contributing factors for closings as being incorrect market area and difficult food service economy. The investment required to open a franchise spans from $194,200 to $500,900. An initial franchise fee of $27,000-$42,000 grants the license to run the business.
Franchise Costs Summary
- Initial Investment: $194,200-$500,900
- Franchise Fee: $27,000-$42,000
- Royalty Fee: 6%
- Advertising Fee: 4%
- Net-worth Requirement: $350,000
- Liquid Cash Requirement: $200,000
Mango Fashion Brand
Mango, also known as Punto Fa, S.L., is a Spanish clothing design and manufacturing company, founded by brothers Isak Andic and Nahman Andic. It currently accepts franchise applications and has experienced significant expansion, particularly following the attempts to preserve operations during the Russian invasion of Ukraine.
Toni Ruiz joined Mango in 2015 as the Chief Financial Officer before his promotion to CEO in March 2020.
The MANGO fashion chain offers franchises throughout the European Union and in major world capitals and cities. With its start in 1984, Mango has grown to 2,415 stores in 107 countries and is a leading name in high-street fashion.
Mango Mania Juice Bar and Mango Mango Dessert
- Mango Mania Franchise: $20,000 fee, total initial investment from $80,000.
- Mango Mango Dessert Franchise: Minimum investment $204,600 to $409,000.
Mango also recently expanded its online sales in 20 markets, predominantly in Africa, and has opened its first store in Los Angeles.
Mango’s Success and Expansion
As a leading high street fashion brand, MANGO is a well-known brand offering the latest fashion trends for women, men, and children. It employs more than 15,000 people, with 2,200 working at the Hangar Design Centre and Headquarters in Palau-solità i Plegamans (Barcelona), dedicated to the design, manufacture, and sale of fashion and accessories.