Tariq Farid at age 17 purchased a flower shop in Connecticut’s East Haven by borrowing $5,000 from parents. In two years, he was able to run four stores. Later, he started a new concept after seven years – you can eat bouquets. In 1999, he opened a store of Edible Arrangements, delivering bouquets of sculpted fresh fruit which look like flowers by creating and selling them. In 2001, he then began franchising.
He also expanded his products by including fresh fruit by dipping in chocolate, fruit salads, beverages, fruit sundaes and other products of “grab and go”. Tariq Farid is the CEO of Edible Arrangements.
His Store is famous for his chocolate dipped fresh fruits, fresh fruit arrangements, fruit baskets, fruit bouquets, floral fruit, fruit delivery, dipped fruit etc.
Established in: 1999
Franchising from: 18 Years from 2000
Company Address: 95 Barnes Rd. Wallingford, CT 06492
Their Minimum Investment was: $195,450
Their Maximum Investment was: $327,650
1st Year: -8 Units (-0.6%)
After 3 Years: +93 Units (+8.1%)
Locations of Units:
U.S. Franchises Franchises Outside US Company Owned
2016 1,117 128 8
2017 1,142 97 6
They are seeking new units of franchise all over the world.
To cover startups costs, equipment and inventory costs Edible Arrangements maintains third party sources relationships which offer finance.
Initial Investment: $195,450 – $327,650
Net-worth Requirement: $250,000
Liquid Cash Requirement: $80,000
Franchise Intranet Platform
Edible Arrangements Facebook Page: https://www.facebook.com/ediblearrangements
Edible Arrangements Twitter Account: https://twitter.com/edible
Edible Arrangements Instagram: https://www.instagram.com/ediblearrangements
Edible Arrangements Customer Service Number: 1 877 363 7848
Edible Arrangements Customer Help: https://www.ediblearrangements.com/CustomerService/contact-us.aspx