Happy And Healthy
Happy & Healthy offers franchises for distributing Fruitfull frozen fruit bars and snacks through retail outlets. Known for healthy, on-the-go options, it operates in the snack and confectionery industry.
Happy And Healthy franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment for a Classic Fruitfull franchise ranges from $90,970 to $112,220, while for a Premier Fruitfull franchise, it is between $186,658 and $217,508. [p.1]
What is the initial franchise fee?
The initial franchise fee is nonrefundable and must be paid within six months of the Effective Date. The specific amount is not detailed in these excerpts; it is specified on the Summary Pages [p.55].
What are the ongoing royalty and advertising fees?
Mandatory minimum payments in the form of royalties or advertising funds must be made regardless of sales levels [p.4]. Currently, H&H does not charge any royalty or advertising fees, but reserves the right to require Franchisees to pay up to $150 per month for local, regional, and/or national advertising, with a maximum increase of $50 annually due to inflation [p.84].
How long is the initial franchise agreement, and can I renew it?
This isn't specified in the excerpts.
Can I sell or transfer my franchise, and what does that require?
According to the FDD, you must notify H&H of any bona fide proposed transfer or sale of any rights or interests in your Franchise Agreement or Franchise Business. You need to provide a complete description of all terms and fees involved, including details about the proposed transferee such as their name, address, financial qualifications, and previous five years' business experience [p.63].
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the agreement on any legal grounds [p.154], if the volume of purchases does not justify the operation [p.120], or in cases where a franchisee fails to cure a default that materially impairs the goodwill associated with the franchisor's trade name, trademark, service mark, logo type, or other commercial symbol under Minnesota Franchise Law [p.157]. Additionally, termination may be due to voluntary abandonment of the franchise relationship by the franchisee, conviction of an offense directly related to the business conducted according to the Franchise Agreement, or failure to cure a default after receiving at least 24 hours' notice in certain states like Minnesota [p.88].
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts. The provided FDD excerpts discuss working capital, inventory purchases, and conditions for a going concern but do not detail specific net worth or liquid capital requirements for qualifying as a franchisee.
Do I get an exclusive or protected territory?
No, you do not receive an exclusive territory [p.29]. The FDD indicates that you might face competition from other franchisees, company-owned outlets, and competitive brands controlled by the company [p.29].
What training and ongoing support does the franchisor provide?
The franchisor provides a one-week training program for Classic Franchised Businesses and a two-week program for Premier Franchised Businesses. During this time, a marketing consultant assists with locating and establishing placements for Freezers. The training is tailored to the franchisee's experience and business interests. Additionally, the franchisor offers telephone assistance before on-the-job support [p.25].
How many franchised outlets are there, and how many have closed or been terminated?
This isn't specified in the excerpts.
Does the franchisor share any financial performance or earnings information?
The franchisor can provide actual records of an existing outlet if you are considering purchasing it. However, they do not make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets, and they authorize no such representations from their employees or representatives [p.39].
What am I restricted to selling, and where must I buy supplies?
You are required to purchase all products sold in your unit(s) from the designated distributor as stated on page [p.120]. Additionally, certain advertising and promotional materials may only be purchased from the company (page [p.17]). This isn't specified in the excerpts regarding where you must buy supplies for selling other items.