16 frequently asked questions answered with data from the 2024 Franchise Disclosure Document.
The total initial investment to open a FiiZ Drinks franchise ranges from $250K to $775K (2024 FDD). This includes the franchise fee, equipment, build-out, inventory, and working capital needed before opening.
View full investment analysisThe initial franchise fee for FiiZ Drinks is $40K (2024 FDD). This one-time fee is paid to the franchisor when signing the franchise agreement and covers the right to use the brand, systems, and initial training.
View full investment analysisData sourced from the FiiZ Drinks 2024 Franchise Disclosure Document (FDD). Always review the most current FDD and consult with a franchise attorney before making investment decisions.
No, FiiZ Drinks does not require franchisees to have dedicated real estate (2024 FDD). This can significantly reduce startup costs and ongoing overhead.
View full investment analysisFiiZ Drinks charges a royalty fee of 8.0% of gross sales (2024 FDD). This ongoing fee is typically paid weekly or monthly to the franchisor for continued use of the brand and support systems.
View full fees analysisThe total ongoing fee rate for a FiiZ Drinks franchise is approximately 9.0% of gross sales (2024 FDD). This includes the royalty fee, a 1.0% marketing/advertising fund contribution, a $800/month technology fee, and other recurring charges.
View full fees analysisFiiZ Drinks has been involved in 1 litigation cases over the past 3 years (2024 FDD). There are currently 1 pending cases. There are no class action lawsuits pending.
View full litigation analysisNo, the FiiZ Drinks franchisor has no bankruptcy filings in their disclosure history (2024 FDD).
View full litigation analysisFiiZ Drinks offers exclusive territory rights to its franchisees (2024 FDD). The franchise agreement does not include encroachment protection. Online sales are managed by the franchisor, not individual franchisees.
View full territory analysisFiiZ Drinks currently operates 72 locations (2024 FDD) (65 franchised, 7 company-owned). The system grew by 4.3% over the past year. The 3-year compound annual growth rate is 12.2%.
View full growth analysisThe 1-year franchisee turnover rate for FiiZ Drinks is 8.7% (2024 FDD). This includes closures, terminations, non-renewals, and transfers. A lower turnover rate generally indicates higher franchisee satisfaction and system stability.
View full growth analysisAccording to the FiiZ Drinks FDD Item 19 financial performance representation (2024 FDD), the median gross sales per unit is $488K (average: $632K).
View full financials analysisThe initial franchise agreement term for FiiZ Drinks is 10 years (2024 FDD). Franchisees can renew 2 times for 5-year periods. The total potential term is 20 years.
View full contract analysisFiiZ Drinks's post-termination non-compete clause restricts former franchisees from operating a competing business for 2 years within 10 miles of the former location (2024 FDD).
View full legal analysisNo, FiiZ Drinks's franchise agreement does not require mandatory arbitration (2024 FDD). Disputes may be resolved through litigation. The agreement includes a jury trial waiver.
View full legal analysisFiiZ Drinks provides 55 hours of initial training over approximately 2 weeks (2024 FDD). Ongoing field support is provided on a as-needed basis.
View full support analysisYes, FiiZ Drinks provides site selection assistance to help franchisees find the right location (2024 FDD). The franchisor also provides technology support and systems.
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