Gigi’s Cupcakes Franchise FAQ
Common questions about the Gigi’s Cupcakes franchise opportunity
Curious about opening your own Gigi’s Cupcakes franchise? We’re looking for passionate and experienced entrepreneurs to join our team. Here are some answers to common questions about our cupcake franchise opportunity.
What products do you sell?
The core Gigi’s product is our indulgent cupcake, baked fresh in-house daily and topped with the signature Gigi’s swirl. We also offer other hard-to-resist sweets, such as mini cupcakes, breads, cookies and cheesecakes. To meet the dietary needs of our customers, we also offer sugar-free and gluten-free cupcakes.
How many employees do I need?
There are three core employees at every Gigi’s location: a baker, a decorator and the customer service representative who greets customers, helps them make an informed buying decision and works the POS system. A Gigi’s store typically employs around 10 people total (many part time).
How do I qualify?
You must have liquid assets of approximately $150,000 and a total net worth of $300,000, either individually or with the help of family members or investors. We are seeking franchisees with experience in management or running a business. We look for owners with passion who are genuinely excited about owning a Gigi’s. Franchisees must be heavily involved in the business on a daily basis, whether you are the manager or you hire a manager. Our most successful locations are run by owners who are actively involved in the operation of their shop. Running a Gigi’s Cupcakes franchise requires commitment, attention to detail and hard work.
What type of agreements does Gigi’s offer?
Gigi’s offers a Unit Franchise Agreement to operate a single Gigi’s Cupcakes within a protected defined trade area. We also offer Area Development Agreements, for those who have the resources, after a few months of successful operations in their first unit.
How much does a typical Gigi’s cost to open?
The average estimated buildout cost for a Gigi’s Cupcakes franchise cost is $237,200 – $427,500, which includes the franchise fee. Among the major capital expenditures is the cost of configuring an existing retail site into a Gigi’s Cupcakes. This is site-specific and varies widely, as does the availability of landlord-funded tenant improvements.
What fees will I pay?
The initial franchise fee to open a Gigi’s Cupcakes is $35,000. Additional locations are $25,000 each. This fee is used by Gigi’s to assist you with site selection, planning the layout of your Gigi’s Cupcakes location, your initial training and for the use of our system and Confidential Manuals. In addition, there will be a continuing monthly royalty fee of 5% and marketing fee of 2.5%.
How long does it usually take to open a store?
After a site has been approved and a lease executed, it generally takes 3 to 6 months to be ready to open. There are many variables that could affect this time frame, including the time required to receive construction approvals and permits from local government authorities.
What type of training does Gigi’s offer?
Gigi’s offers a combination of approximately 100 hours of classroom and on-the-job training.
How can I get further information?
Please click here to review our NEXT STEPS section of the website. If preliminary requirements are met, then we will arrange a time for further disclosures, which will include our Franchise Disclosure Document.