Red Mango Franchising Announces Red’s Real Deal

Business Wire:

Red Mango, one of the most popular and fastest-growing retailers of authentic nonfat frozen yogurt, today announced that it has launched the “Red’s Real Deal” franchise program, which provides financial incentives for new franchisees and addresses a key concern of any new business owner: “What happens if this is not for me?”

James Franks, Red Mango’s vice president of franchise sales, said, “Red’s Real Deal is the first program of its kind and becomes effective immediately across 25 states. Under the program, Red Mango will purchase a new franchisee’s store for up to $275,000 and take over the franchised location if the franchisee is not satisfied with their investment.”

In a strong statement of confidence, Red’s Real Deal program commits the company to purchasing the franchisee’s Red Mango store for up to $275,000 if the franchisee is not satisfied with the store for any reason within the first six months of opening. The program also lowers the initial $35,000 franchise fee by $10,000 for franchisees who sign new franchise agreements in 2009 and contributes an additional $10,000 to the franchised location for local store marketing.