franchise
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TRANSCRIPT
Jordan May
HistoryFounded: 1985 Franchising since: 1986
Cinnabon first opened in the Seattle, Washington suburb of Federal Way, Washington on December 4, 1985 as a single bakery in the Sea Tac Mall. This bakery began by serving only its original Cinnabon Classic. Since this time, Cinnabon has evolved into a franchised company. The first franchise opened in August 1986 in Philadelphia. As of December 2007, over 650 other Cinnabon bakeries are in operation in over 30 countries around the world.
LocationThere are 428 Cinnabon in the USTotal investment: $192.2K-317KFranchise fee: $30KOngoing royalty fee: 6%Term of agreement: 20 years,
renewable
Cost Total investment: $192.2K-317KFranchise fee: $30KOngoing royalty fee: 6%Term of agreement: 20 years, renewable
Training and support Training
Available at headquarters: 10 days At franchisee's location: 4-6 days at opening Regional training meetings
Ongoing SupportNewsletter
Meetings Toll-free phone line Grand opening Internet Security/safety procedures Field operations/evaluations Purchasing cooperatives
Marketing SupportCo-op advertising
Ad slicks Regional advertising
Products CinnabonMinibonCarmel Pecanbon
Cinnabon sticks
New StoreHigh House road and highway 55 meet and
there is an open building where a Cinnabon could be
Rankings Franchise 500® rank:
#114 (2009); #124 (2008); #244 (2007); #159 (2006);
Ranked #1 in category in:2009;
America's Top Global Franchises:#90 (2009); #76 (2008); #135 (2007); #103 (2006);
Competitors Auntie Anne's Mrs. Fields exceptional brand awareness around the
world. Cinnabon bakeries are traditionally located in high-traffic venues such as shopping malls, airports, universities, casinos, amusement parks, military bases, train stations and travel plazas.