Icy-N-Spicy franchise
2022 filing · March 15, 2022Shares sales figures
Icy-N-Spicy at a glance
A dessert shop serving ice cream, milkshakes, cotton candy and cookie sandwiches. At the end of 2021 there were 1 Icy-N-Spicy locations in the US, all company-owned.
The business
- Franchisor
- I and S FR LLC
- The company that sells the franchises
- Franchising since
- 2020
- 2 years of selling franchises
- Franchisor based in
- Miami, Florida
- Typical size
- 450–1,500 sq ft
What you pay
- Cost to open
- $262K–$395K
- Fee, build-out and opening working capital
- Franchise fee
- $38,000
- Paid once, when you sign
- Royalty
- 5.5%
- 5.5% of gross sales, paid weekly
- Brand fund
- None now
- Up to 1% of gross sales, not charged at present
- Renewal fee
- See terms
- 20% of our then current initial franchise fee
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2021
- 1
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 1
- Change in 3 years
- 0
- Franchised locations, 2019–2021
- States
- 1
- Most in Florida
From I and S FR LLC’s 2022 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Icy-N-Spicy among all franchises with the same figure.
| Figure | Icy-N-Spicy | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $328,825 | Costs less than 53% of franchises |
| Franchise feePaid once, when you sign | $38,000 | Lower than 59% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5.5% | Lower than 66% of brands with a set rate |
| US locationsFranchised and company-owned | 1 | Fewer than 88% of franchises |
How much a Icy-N-Spicy franchise costs
Opening one Icy-N-Spicy costs an estimated $262,300 to $395,350. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are furniture, fixtures and equipment ($110,000 to $140,000) and construction and leasehold improvements ($38,000 to $115,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Is Made Initial Franchise Fee | $38,000 | ||
| Construction and Leasehold Improvements | $38,000 | $115,000 | |
| Lease Deposits – 3 Months | $4,000 | $8,000 | |
| Furniture, Fixtures and Equipment | $110,000 | $140,000 | |
| Signage | $7,000 | ||
| Computer, Software and Point of Sales System | $1,500 | $2,500 | |
| Grand Opening Marketing | $5,000 | $8,000 | |
| Initial Inventory | $20,000 | $30,000 | |
| Utility Deposits | $1,500 | $3,000 | |
| Insurance Deposits – 3 Months | $300 | $350 | |
| Initial Training Fee | $10,500 | ||
| Travel for Initial Training | $750 | $1,500 | |
| When Due Professional Fees | $750 | $1,500 | |
| Licenses and Permits | $5,000 | $10,000 | |
| Additional Funds – 3 months | $20,000 | ||
| Total | $262,300 | $395,350 | |
Source: I and S FR LLC, 2022 filing, page 17
Icy-N-Spicy franchise fee
The franchise fee is $38,000. You pay it when you sign the franchise agreement.
Source: I and S FR LLC, 2022 filing, page 11
Royalty and ongoing fees
| Royalty | 5.5% of gross sales, paid weekly. |
|---|---|
| Brand or marketing fund | Up to 1% of gross sales, not charged at present. |
| Technology | Up to $500 per month |
| Renewal | 20% of our then current initial franchise fee |
| Additional Employee Initial Training | Our then current training fee, currently $300 per person per day |
| Local Marketing | 1% of Gross Sales |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: I and S FR LLC, 2022 filing, page 12
Other fees as filed, from pages 12–14. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Icy-N-Spicy publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: I and S FR LLC, 2022 filing, page 46
- Estimate Estimated yearly sales per location
- $370K–$650K
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
How Icy-N-Spicy compares
Of the 101 ice cream franchises on this site, Icy-N-Spicy is the 42nd cheapest to open and the 90th largest by number of locations.
| Figure | Icy-N-Spicy | Typical ice cream brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $262K | $285K | $222K |
| Cost to open, high end | $395K | $597K | $477K |
| Franchise fee | $38K | $35K | $40K |
| Royalty | 5.5% | 6% | 6% |
| US locations | 1 | 18 | 21 |
| Shares earnings figures | Yes | 76 of 101 | 2,147 of 3,352 |
Typical is the median across the 101 brands in ice cream franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2019 | 0 (0) | 1 | 0 | 0 |
| 2020 | 0 (0) | 1 | 0 | 0 |
| 2021 | 0 (0) | 1 | 0 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: ice cream franchise costs and franchise failure rates.
Source: I and S FR LLC, 2022 filing, page 48
Where Icy-N-Spicy locations are
At the end of 2021, Icy-N-Spicy had locations in 1 state. The most are in Florida.
- Florida1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| Florida | 0 | 1 | 1 |
Source: I and S FR LLC, 2022 filing, page 49
Who owns Icy-N-Spicy?
Icy-N-Spicy franchises are sold by I and S FR LLC. Its filing names no parent company.
From I and S FR LLC’s 2022 filing, page 8.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: I and S FR LLC, 2022 filing, litigation on page 10, bankruptcy on page 10
Icy-N-Spicy filings
The figures on this page come from I and S FR LLC’s 2022 filing, issued March 15, 2022, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2022 filing | March 15, 2022 | NASAA depository | Costs, fees and locations, 2019–2021 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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