Crumbl logo

Crumbl Franchise

Audited Financials
Food and BeverageEst. 2018Lindon, UT
www.crumbl.com

Risk Score

Pending analysis

Investment Range

$816,066 - $1,442,533

Franchise Fee

$50,000

Min Cash Required

$10,000

Total US Locations

1,059

Business Summary

Crumbl® operates a cookie baking and delivery business that offers fresh, warm, and delicious cookies to the public, along with ice cream and other complementary products.

Corporate History

Crumbl Franchising, LLC was organized in Utah on February 9, 2018, and began offering and selling franchises for its cookie baking and delivery business in February 2018. The company's parent, Crumbl Enterprises LLC, was organized in May 2019 but does not operate a similar business or sell franchises. Crumbl IP, LLC, an affiliate organized in November 2019, owns and licenses the Crumbl® trademark. Another affiliate, Crumbl Foods, LLC, organized in June 2021, sells ingredients and food products to franchisees. Additionally, Crust Club Franchising, LLC, an affiliate, began franchising a business selling similar bakery and savory goods under the Crust Club® trademark in December 2022.

Financial Overview

Investment Range

$816,066 - $1,442,533

Franchise Fee (Low)

$50,000

Franchise Fee (High)

$50,000

Minimum Cash Required

$10,000

Royalty %

8%

Marketing %

2%

Equipment Costs (Low)

$450,500

Equipment Costs (High)

$861,000

Working Capital

$80,800

Audited Financials

Yes

Offers Financing

No

Audit Opinion

Unqualified opinion

Financial Health Notes

The franchisor's financial condition, as reflected in its financial statements, raises questions about Crumbl Franchising, LLC's ability to provide services and support to its franchisees. The balance sheet shows a negative member's equity, with a deficit of $(23,447,350) in 2024 and $(13,874,596) in 2023, indicating a significant financial strain for the company itself.

Financing Details

Crumbl Franchising, LLC and its affiliates do not offer direct or indirect financing. They also do not guarantee any franchisee's notes, leases, or other obligations. Franchisees interested in financing for their Crumbl® franchise may explore options such as Small Business Administration (SBA) loans through third-party lenders.

Performance Metrics

Total US Locations

1,059

Franchised Units

1,058

Corporate Units

1

Avg Square Footage

1,800

Franchising Since

2018

Agreement Terms

Initial Term

5 years

Renewal Term

5 years

Renewal Conditions

To renew their franchise agreement, Crumbl Franchising, LLC franchisees must not be in default, pay a successor franchise fee, modernize their business to meet current brand standards, sign a general legal release (subject to state law), and sign the then-current franchise agreement, which may have different terms. Franchisees must provide written notice of their intent to renew between 6 and 12 months before their current agreement expires.

Training & Support Program

Franchisor Assistance

Crumbl Franchising, LLC provides pre-opening assistance to franchisees, including designating their territory, approving their site, and providing general specifications for equipment, signs, fixtures, and initial inventory, along with a list of approved suppliers. The franchisor offers preliminary design plans for the franchise business and a comprehensive initial training program. Post-opening, Crumbl Franchising, LLC provides ongoing updates to its operational manuals and offers assistance either remotely or in person, though in-person support may incur a fee. Franchisees are required to use a specific email address for business communications. The franchisor may also organize mandatory conferences or seminars, conduct periodic inspections, recommend or set pricing for products and services, and manage and assign online and delivery orders.

Initial Training Hours

130

Training Location

Franchisor headquarters in Lindon, Utah, a franchise location, or the franchisee's store, and online.

Ongoing Support

After opening, Crumbl Franchising, LLC provides ongoing support to its franchisees through various channels. This includes providing updates to the operational manuals. Franchisees can receive assistance remotely, or in-person for an additional fee. The franchisor may also require attendance at conferences or seminars to discuss improvements, new developments, and business issues. Crumbl Franchising, LLC conducts periodic inspections of franchise businesses, covering aspects like food safety, operational compliance, and customer service. The franchisor may also recommend or require maximum and/or minimum pricing for products and services, and manages the assignment of online and delivery orders from its website and app. Franchisees may be required to repair, remodel, or refurbish their premises to conform to current brand standards.

Franchise Requirements

Ideal Candidate Profile

Crumbl Franchising, LLC seeks franchisees who can actively participate in the direct operation and supervision of their business, especially full-time for the first 60 days. Beyond this initial period, the primary owner is expected to provide on-premises supervision or ensure a certified manager does. Key responsibilities for the primary owner include overseeing all accounting, reporting, bookkeeping, and decision-making, completing all required training, attending annual meetings, being directly involved in site selection, construction, remodeling, and all financial and personnel decisions, and conducting frequent inspections to maintain high standards. All equity owners must personally guarantee the franchise's obligations.

Industry Experience Required

No

Management Experience Required

Yes

Sales Experience Required

No

Technical Skills Required

Yes

Operational Details

Location Type

retail

Owner Participation

Hands-On

Territory Type

Non-Exclusive

Territory Size Requirements

Crumbl Franchising, LLC defines its franchise territories generally as a 1 to 2-mile radius from the approved premises. The specific size is determined by the franchisor based on factors like population density, business base, and whether the location is in a metropolitan or rural area. Territory boundaries can be set using zip codes, streets, highways, county lines, or other recognizable demarcations. The franchisor reserves the right to adjust territory boundaries at the end of the initial or successor franchise terms, or if the population within a territory reaches 100,000 residents or more.

Staffing Notes

Crumbl franchisees are responsible for all aspects of hiring, firing, compensation, benefits, and managing their employees. The franchisor provides general guidance, but compliance with labor laws is the franchisee's sole responsibility. A Crumbl location requires its primary owner to be actively involved in the business. For the first 60 days of operation, the primary owner must personally participate in direct on-premises supervision full-time. After this initial period, continuous on-premises supervision is required from either the primary owner or a designated, certified manager. The primary owner must dedicate sufficient hours or supervise the manager to ensure the Crumbl business operates at maximum capacity and efficiency, maintaining high standards of professionalism, cleanliness, and compliance with approved methods. The primary owner, or at least one trained manager, must be on-site at the Crumbl location during the majority of the store's operating hours and be available for communication with the franchisor and the store at all times. A store manager cannot manage more than one Crumbl store concurrently. All primary owners and managers must successfully complete the franchisor's initial training program before assuming management responsibilities. This training covers basic policies and procedures, equipment assembly and maintenance, customer service, daily operations, record keeping, basic accounting, and employee training. Managers must demonstrate competence in these areas to pass the training. Additionally, Crumbl franchisees, their owners, and management employees are restricted from having interests in or business relationships with competing cookie, bakery, or dessert businesses during the franchise term and for three years afterward. Employees are also required to sign a brand protection agreement.