16 Handles
Food & Beverage · Ice Cream & Frozen Desserts
- Active units
- 29
- Avg unit volume
- $681k
- Royalty
- 6.0%
Franchised, year-end 2023
of weekly Net Sales
About 16 Handles
16 Handles is a popular brand that offers a wide range of frozen yogurt products and services. With their unique concept, they provide a fun and interactive self-serve experience, allowing customers to create their own customized frozen yogurt treats. Their menu features a variety of flavors and toppings, giving customers the freedom to mix and match to their heart's content. At 16 Handles, you can choose from a rotating selection of delicious frozen yogurt flavors, including classic options.
Key terms
- Franchise fee
$30k
- Multi-unit reduced fees
$25,000 for second franchise; $20,000 for third or later
- Brand fund
2.0% of Net Sales
- Local advertising
10000.0% of Net Sales
- Footprint
1,200 – 2,000 sq ft
- Development Agreement (3-store example)
$75k
- Veteran discount
Not offered
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2024 filing).
Growth
- Total locations29
Franchised units open at year-end
- New openings1
Gross new units opened during the calendar year
- 1-year unit growth rate0.0%
Net unit growth versus prior year
- 3-year unit CAGR0.0%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio1.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)$681k
Average Gross Revenue for all franchised stores during the 2023 Measurement Period.
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$444k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open8 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate6.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio1.5×
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Location footprint
Showing 39 of 47 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.