Gofer Ice Cream logo

Gofer Ice Cream

Ice cream

Investment

$229,000

Initial Franchise Fee

$25,000

Units

7

Growth Rate

+40.0%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Food
Founded 2002
Franchising Since 2006
Parent Company Gofer Franchise Systems LLC
Leadership Jay Ragusa, CEO
# of Employees at HQ 4

Units and Growth Chart

About Gofer Ice Cream

Gofer Ice Cream was founded in Connecticut in 2002. The idea was the brainchild of Jay Ragusa, who first thought of the name and concept five years earlier while earning his MBA. 

Following an eight-year career on Wall Street, working as an analyst in UBS’s institutional investment management division, Ragusa transitioned into entrepreneur mode, launching Gofer Ice Cream.

Gofer Ice Cream offers a wide range of products, including razzles, milkshakes, ice cream floats, ice cream cakes, Gofer bites, sundaes, and more. The ice cream offered features flavor twist and flavor fusion, both of which may be considered revolutionary flavor innovations. Additionally, the soft-serve is put in homemade waffle cones, and select toppings can be added. The shops offer hard ice cream, soft serve, fat-free treats like “Gofer Lite,” yogurt, and smoothies, as well as Italian ice and sorbets, blended ice coffee, and ice cream cakes.

Since beginning to franchise in 2006, Gofer Ice Cream has opened several locations in the United States.

Why You May Want To Start a Gofer Ice Cream Franchise

Opening a Gofer Ice Cream franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.

As you decide if opening a Gofer Ice Cream franchise is the right move for you, make sure you take time to explore the opportunity. Research the Gofer Ice Cream franchise and your local area to see if a Gofer Ice Cream franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Gofer Ice Cream has partnered with third-party financial lenders that may help cover the costs of the equipment, inventory, and startup. They also offer in-house financing for the accounts receivable and payroll if you qualify.

What Might Make a Gofer Ice Cream Franchise a Good Choice?

To be part of the Gofer Ice Cream franchise team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements. 

How To Open a Gofer Ice Cream Franchise

If awarded a Gofer Ice Cream franchise, franchisees receive great support from the Gofer Ice Cream brand throughout the franchising process. In addition to pre-opening training, Gofer Ice Cream franchisees receive support through brand awareness, marketing, research, and construction. Gofer Ice Cream franchisees also receive hands-on training and continued support after their franchise location has opened.

Before making any financial commitment or signing an agreement with Gofer Ice Cream, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing Gofer Ice Cream franchisees and ask the Gofer Ice Cream franchising team questions.

Investment Details

Initial Franchise Fee $25,000
Initial Investment $229,000 - $411,300
Net Worth Requirement $250,000
Cash Requirement $50,000
Royalty Fee 5%
Ad Royalty Fee 2%
Technology Fee N/A
Term of Agreement 10 years
Is Franchise Term Renewable? Yes
Financing Third Party
Veterans Incentive 20% off franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training 56 hours
Classroom Training 21 hours

Ongoing Support

Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform

Marketing Support

Ad Templates
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? No
Can this franchise be run part time? No
# of employees required to run 0
Are exclusive territories available? Yes

Ranking History

Gofer Ice Cream performance in the Franchise rankings over recent years

No data available at this time.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022