Qualifications

Financial Qualifications

To qualify, Wanna Cupcake? franchise candidates need to have a credit score of 700 or above and access to the required liquid working capital of no less than $50,000 to start, not including the $45,000 franchise fee which can be financed.

The total investment necessary, which includes the franchise fee, can range from $308,000-$488,950 depending upon location and type of store model selected. Please refer to the Franchise Disclosure Document (FDD) for a specific breakdown of these costs.

To secure financing, many lending institutions are also requiring that applicants have a minimum net worth much higher so please check with your own lender to determine their requirements. If you don’t meet those criteria on your own, it is perfectly fine to bring on a partner.

Other fees, as listed in the current FDD, include a continuing royalty fee equivalent of 5% of gross sales, excluding sales tax, and an advertising fee of 1% of gross sales to support brand and local marketing campaigns.

Business Qualifications

Just as important as having enough working capital is being motivated and passionate about the brand. Our ideal candidate wants to grow with the company and eventually own multiple units. While previous business ownership is not a requirement, we prefer that you have leadership experience and a keen interest in the day-to-day details of running a business.

Our franchisees are working the business daily and have a direct role in the operation. Prior baking experience is not required, however a candidate with a background in the food industry is likely to be more successful than one without any prior industry experience.

Your Wanna Cupcake? franchise representative will be able to provide you with more specific answers to your questions as they relate to your individual situation.