Big Frog logo

Big Frog Franchise

Audited Financials
Business ServicesEst. 2008Dunedin, FL
www.bigfrog.com

Risk Score

Pending analysis

Investment Range

$163,987 - $323,110

Franchise Fee

$48,000

Total US Locations

73

Business Summary

Big Frog Custom T-Shirts, Inc. businesses offer full-service custom apparel printing to both individuals and businesses. They provide custom printed t-shirts, various apparel items, and gift items from a dedicated retail store location.

Corporate History

Big Frog Custom T-Shirts, Inc. was established as a corporation in Florida in June 2008. The company quickly began offering franchises in October 2008, after its formation.

Financial Overview

Investment Range

$163,987 - $323,110

Franchise Fee (Low)

$48,000

Franchise Fee (High)

$60,000

Royalty %

6%

Marketing %

1.5%

Equipment Costs (Low)

$14,787

Equipment Costs (High)

$112,350

Working Capital

$41,000

Audited Financials

Yes

Offers Financing

No

Audit Opinion

Unqualified opinion

Financial Health Notes

Big Frog Custom T-Shirts, Inc. appears to be in sound financial health, having received an unqualified audit opinion for its financial statements through December 31, 2024. The auditors did not identify any substantial doubt about the company's ability to continue operations. Management anticipates continued demand for custom t-shirts and steady economic conditions, not expecting future credit losses to exceed historical estimates. There were no impairment charges on long-lived assets. The company is involved in a legal proceeding, but the financial outcome is currently uncertain and no loss estimate has been recorded.

Financing Details

Big Frog Custom T-Shirts, Inc. does not offer any direct or indirect financing to its franchisees. This means that Big Frog Custom T-Shirts, Inc. will not provide loans for the franchise fee, equipment, or any other startup costs, nor will it guarantee any loans or leases obtained by franchisees from third-party lenders.

Performance Metrics

Total US Locations

73

Franchised Units

73

Corporate Units

0

Avg Square Footage

1,200

Franchising Since

2008

Agreement Terms

Initial Term

10 years

Renewal Term

5 years

Renewal Conditions

To renew their franchise agreement, Big Frog Custom T-Shirts, Inc. franchisees must meet several conditions. They need to be in full compliance with their current agreement and have had no more than three defaults during its term. Franchisees must provide written notice of their intent to renew at least six months before the current term expires. They are required to sign a new franchise agreement, which may have different terms, and pay a $5,000 Successor Agreement Fee. Additionally, they must maintain their location and trade dress to current brand standards, sign a general release of claims, and complete any updated training requirements.

Training & Support Program

Franchisor Assistance

Big Frog Custom T-Shirts, Inc. provides comprehensive support to its franchisees. Before opening, Big Frog Custom T-Shirts, Inc. helps with territory designation, site selection and approval, and provides access to prototype design plans and specifications for the store. Franchisees receive a loan of the confidential operations manual and assistance in implementing an opening marketing plan. An initial training program is provided for up to two people. Ongoing support includes information on new products, services, and training methods, as well as individualized assistance by phone, email, or video conferencing within reasonable limits. Big Frog Custom T-Shirts, Inc. also informs franchisees of mandatory operational standards, administers the Brand Fund, hosts the Big Frog website, and may conduct mandatory workshops or annual conventions.

Initial Training Hours

181

Training Location

Corporate headquarters in Dunedin, Florida, franchisee's store location, and designated "Center of Excellence" Big Frog stores

Ongoing Support

Big Frog Custom T-Shirts, Inc. offers ongoing support through various channels. Franchisees receive updates on new products, services, and training methods. Individualized assistance is available via telephone, video conferencing, or email. The franchisor informs franchisees of mandatory operational standards and administers the Brand Fund. Big Frog Custom T-Shirts, Inc. also hosts and maintains the brand's website. Franchisees are required to attend an annual meeting and may be required to attend regional or local workshops and seminars, which may involve additional fees and travel expenses. Refresher training programs may also be periodically required.

Franchise Requirements

Industry Experience Required

No

Management Experience Required

Yes

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

retail

Owner Participation

full-time

Territory Type

exclusive

Territory Size Requirements

Big Frog Custom T-Shirts, Inc. strives to define territories for a standard franchise based on a geographic area with an approximate population of 150,000 people. These territories are typically delineated using factors such as ZIP codes, city limits, highways, or streets.

Staffing Notes

Big Frog Custom T-Shirts, Inc. requires a dedicated manager for each location. This can be the Principal Owner themselves, or a designated manager if the owner is not actively involved in day-to-day operations. This manager must have full-time responsibility for managing the business, complete the initial training program to Big Frog Custom T-Shirts, Inc.'s satisfaction, and sign a non-disclosure, non-solicitation, and non-competition agreement. Either the Principal Owner or this designated manager must serve as the primary point of contact for the business.