Do you have a question about partnering with Spun Candy? Below, you’ll find answers to some of the more common questions we’re asked.
If you have a question that’s not listed here, please get in touch with our franchise team today.
During the period prior to the Area Development Agreement (ADA) being signed, we request that you carry out detailed market research and produce a business plan with financial projections. We also ask for you to recruit an initial operational management capability and start identifying sites for your first flagship unit. We would then move on to the design and procurement stage.
On average this process can take 3-9 months depending on many factors which include the lease agreement, training, manufacture of equipment and construction.
The next steps are typically as follows:
1. Initial phone conversation to establish interest and availability
2. Complete our application form and provide us with your business plan
3. Execute an NDA
4. Share franchise document and example financial model
5. Franchise discovery meeting with one of senior franchise team
6. Sign Letter of Intent
7. Area Development Agreement (ADA) produced
8. ADA Signed
Spun Candy operates internationally under an Area Development Franchise model, whereby we grant the exclusive development rights for an area, country or specific territory (within a country or across a region). An Area Development Agreement (ADA) requires the franchisee to open an agreed number of units during the development term. This is typically 10 years, with specific opening targets for each year of the development and minimum annual revenue targets.
The ADA requires the franchisee to set-up a business development infrastructure employing a suitably qualified and experienced team which includes candy makers, operational staff, business development, marketing and sales personnel, administrative and logistics personnel and builders for the fit-out of units.
