Iceworks

Commercial ice machine leasing, installation, maintenance, and repair

Investment

$39,800

Initial Franchise Fee

$24,900

Units

1

Growth Rate

+0.0%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Food
Founded 2014
Franchising Since 2020
Parent Company
Leadership Scott Hollingsworth & Jeffery Watson, CEOs
# of Employees at HQ
Follow
N/A

Units and Growth Chart

About Iceworks

Founded in 2014, Iceworks is an ice machine leasing service headquartered in Albuquerque, New Mexico. Iceworks’ main focus is delivering ice machines to businesses that need them, including schools, municipal buildings, hotels, sports venues, and other associated venues. 

The roots of Iceworks date back to 2014 when two men delivered an ice machine to replace a broken one. This was the germination of an ice machine leasing service that has continued to this very day.

Iceworks provides service to their client list by ensuring that their customers have the most up-to-date ice machines with proper servicing and maintenance.

Why You May Want To Start an Iceworks Franchise

Having access to ice is typically a need in the United States. The customer demand is already pre-loaded due to this need for ice, especially in summer and hot climates. Even in colder climates, customers need ice to keep products cold. This is especially true for hotels and other businesses that always employ an ice machine.

Franchisees may institute contracts with local businesses to deliver and service ice machine units for a set period of time. This business method may result in success for the franchisee and provide a way for them to foster good relationships with their local customers.

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

Why Might Make an Iceworks Franchise a Good Choice?

Iceworks strives to deliver high-quality ice machines with minimal downtime. An ideal franchisee can communicate well with potential customers. They should also be quick to solve problems and deliver their products and services. 

To be part of the Iceworks 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 an Iceworks Franchise

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

Before making any financial commitment or signing an agreement, 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 franchisees and ask the Iceworks franchising team questions.

If awarded a franchise, franchisees may receive support from the Iceworks franchise brand throughout the franchising process. In addition to pre-opening training, Iceworks franchisees receive support through grand opening support, site selection, and marketing. Potential Iceworks franchisees may also receive hands-on training and continued support after their franchise location has opened.

Investment Details

Initial Franchise Fee $24,900
Initial Investment $39,800 - $44,100
Net Worth Requirement $24,900
Cash Requirement $24,900
Royalty Fee 8%
Ad Royalty Fee 9%
Technology Fee
Term of Agreement 10 years
Is Franchise Term Renewable? Yes
Financing Third Party
Veterans Incentive N/A

Available Territories

Franchising opportunities available in the following regions

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training 11 hours
Classroom Training 18 hours

Ongoing Support

Grand Opening
Site Selection

Marketing Support

Social Media

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? Yes
Can this franchise be run part time? No
# of employees required to run 0
Are exclusive territories available? Yes

Ranking History

Iceworks 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