Red Mango FDD – Franchise Information, Costs and Fees
Type of Business
You will operate a retail store offering primarily authentic frozen yogurt and treats, yogurt and non-yogurt based smoothie beverages, fruit-based smoothie beverages, fresh-squeezed fruit and vegetable juices, health foods, café items (e.g. wraps, salads, soups, flatbreads) and related products and services for dine-in consumption and take-out service under the trade name RED MANGO® and/or RED MANGO CAFÉ & JUICE BAR™. This disclosure document describes four types of franchise offerings: the Traditional Store, the Non-Traditional Store, the RED MANGO–HUMBLE DONUT CO. Traditional Store, and the RED MANGO Co-Branded with a Third Party Concept.
Corporate Information
Red Mango FC, LLC, a Texas limited liability company was originally formed on August 3, 2006, as Red Mango Franchising Company, a California corporation and, in July 2010, converted to a Texas limited liability company and changed their name to Red Mango FC, LLC. They maintain their principal business address at 14850 Montfort Drive, Suite 131 PMB22, Dallas, Texas 75254.They have been offering franchises since July 2007.
Investment
The total investment necessary to begin operation of a Traditional Store ranges from $321,700 to $500,900. This includes the $42,000 that must be paid to the franchisor or an affiliate. The total investment necessary to begin operation of a Non-Traditional Store ranges from $194,200 to $386,100. This includes the $27,000 that must be paid to the franchisor or an affiliate. The total investment necessary to begin operation of a RED MANGO–HUMBLE DONUT CO. Co-Branded Traditional Store ranges from $443,700 to $570,400. This includes the $42,000 that must be paid to the franchisor or an affiliate. The total investment necessary to begin operation of a RED MANGO Store Co-Branded with a Third Party Concept ranges from $117,700 to $259,100. This includes the $20,000 to $27,000 that must be paid to the franchisor or an affiliate. If you are acquiring development rights under the standard store development program, the franchisor requires a commitment to develop at least two Stores. At the time you sign the Store Development Agreement, you will pay the franchisor a development fee equal to the initial franchise fees due for the Stores you commit to develop. For example, if you commit to develop two RED MANGO Stores (assuming that neither the military veteran’s program nor the qualified existing franchisee discount applies), the minimum development fee will be $30,000 + $20,000 = $50,000. If both of your stores are RED MANGO Non-Traditional Stores (assuming that the military veteran’s program discount does not apply), then the minimum development fee will be $15,000 + $15,000 = $30,000.
