News

Red Mango announces franchise repurchase program

April 13, 2009

DALLAS — Red Mango has announced that it has launched the "Red's Real Deal" franchise program, which provides financial incentives for new franchisees.

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.

Red's Real Deal program commits the company to purchasing the franchisee's Red Mango store 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 agreements in 2009 and contributes an additional $10,000 to the franchised location for local store marketing.

"The Red's Real Deal program fully reflects our positive outlook for our franchise and the business model we've established," said James Franks, Red Mango's vice president of franchise sales. "It's the most transparent and bold statement we could think of to express our intent to grow our network and our commitment to develop a system of satisfied franchisees."