Need a little more Sno 'n Tell? Here's the Top 10 questions we're often asked:
1. How can I open a Bahama Buck’s franchise?
Bahama Buck’s actively seeks highly-qualified individuals to become franchisees. Prior business experience, coupled with personal financial qualifications, individual motivation and a track record of success are important factors in our evaluation process. If you are interested in pursuing single unit or area development opportunities as a Bahama Buck’s franchisee, please fill out our Franchise Application Form and a development representative will contact you shortly to discuss.
2. How much money do I need to open a franchise?
Individuals will need $90,000 in non-borrowed personal resources (liquid assets, e.g. cash, marketable securities, stocks, etc…) along with an overall net worth (total assets minus total liabilities) of $350,000 to qualify. Financing is to be secured through third-party lending sources. The total cost of each Bahama Buck’s unit varies by size and location.
3. How much are the royalties and other annual fees?
Royalty and Continuing Services fees are 6% of gross sales. Ongoing Advertising fees are 2% of gross sales.
4. How much can I make as a Bahama Buck’s franchisee?
We are restricted by the Federal Trade Commission and various state franchise sales regulations from providing you with specific profit projections. To learn more about actual experiences, we will encourage you to speak with existing franchisees during our application process.
5. Does Bahama Buck’s offer financing?
No. However, Bahama Buck’s Franchise Corporation can direct potential franchisees to sources that have provided financing options to other franchisees in the areas of equipment leasing, construction and SBA loans.
6. Can a Bahama Buck's Franchise be purchased as an investment without my full time management?
Yes, provided that a qualified general manager is operating the store.
7. Does Bahama Buck’s assist me in the site selection and negotiation process?
Absolutely. In fact, we take it one step further with Bahama Buck’s Site Assistance Program. Our professional site development team uses leading mapping and site-selection resources to help identify trade areas for new Bahama Buck’s locations. Additionally, our team provides Bahama Buck’s franchisees the step-by-step professional assistance needed to secure your ideal location. From site selection to the negotiation of terms for your Bahama Buck’s location, our site team is there - every step of the way.
8. How long does it take to open the store?
Each location is different, depending on a variety of factors, including site selection, build-out requirements and training. However, it typically takes approximately 6-24 months from signing the franchise agreement to opening day at your Bahama Buck’s store.
9. Do I get a protected territory when I am awarded my Bahama Buck's Franchise?
Yes. Every Bahama Buck's has their own protected trade area based on demographic and geographic regions.
10. May I offer other products in my Bahama Buck's?
No. At Bahama Buck’s, we consider flavor to be an art form and we’re renowned for our incredible hip and cool island desserts. Bahama Buck's continues to develop island inspired products, in addition to new flavor launches, to compliment the completely immersive Bahama Buck’s experience.
I’m interested in pursuing this further. What should I do next?
If you share our passion for island life and meet the financial and personal qualifications, we invite you begin the journey by filling out the Franchise Application Form. Once received, we will contact you to discuss Bahama Buck’s opportunities and answer additional questions you may have regarding Bahama Buck’s. Expect the best and live life with flavor!