Ice Cream Trademark Royalties: Cherry Garcia
Invest in consistent royalties generated by Cherry Garcia, Ben & Jerry's popular ice cream flavor.
Historic royalty income is no indication of future royalty income. Future royalty income is dependent upon future sales and licensing revenue generated by the sound recordings or compositions associated with this listing.
| Starting Price: | $20,000 |
| Bidding Increment: | $200 |
| Closing Price: | $39,600 |
| End Date: | Jan 18, 2022, 3:44 PM MST |
| Dollar Age: | ~ 35 Years |
| Last 12 Months' Royalties: | $4,642 |
| Investment Term: | 8.60 Years (Until August 17th, 2030) |
| Distributors: | Ben & Jerry's Homemade, Inc. |
| Rights Included: | Trademark Licensing |
| Interests Included: | Trademark Owner (U.S. Only) |
| First Distribution (paid 30 days from receipt): | February 28, 2022 |
| Distribution Frequency: | Quarterly |
| Buyer Fees: | 1% of closing price or $500 (whichever is greater)ठ|
‡ Investors placing the opening bid on any listing pay no buyer fee if they win the resulting auction, a savings of 1% off the final price (minimum $500). All Access members who already receive this discount will be rewarded with a cash rebate equal to the buyer fee.
§ Become a Royalty Exchange All Access Investor to waive auction fees and enjoy additional exclusive benefits.
Description
Up for bid are trademark royalties produced by the long-standing, popular Ben & Jerry’s ice cream flavor — Cherry Garcia.
Yesterday, we closed an auction for a larger portion of this asset. Now, the seller is offering a separate, smaller portion of the same interest acquired in this 2020 auction. This interest’s collection term expires on August 17th, 2030, after which the royalties will revert back to the original owner.
These royalties stem from the gross sales of the Cherry Garcia ice cream line and are paid out quarterly.
LISTING HIGHLIGHTS:
- 35-year Dollar Age
- Unique royalty stream
- Consistent annual earnings
FINANCIAL HIGHLIGHTS:
The earnings generated by the Cherry Garcia product line have remained remarkably consistent. In fact, annual earnings are growing, up each year for the last five calendar years.
ABOUT THE ASSET:
Officially released in 1987, Cherry Garcia is a nod to the celebrated and acclaimed guitarist/songwriter Jerry Garcia of the iconic band Grateful Dead. The flavor was an instant hit. Over three decades years later, it remains one of Ben & Jerry’s most popular and “longest-serving” products.
These consistent earnings come from the licensing of the Cherry Garcia trademark. This means the winning bidder will earn royalties from the gross sales of all Cherry Garcia-related products under the Ben & Jerry’s line. Currently, Ben & Jerry’s offers five variations of the Cherry Garcia flavor: ice cream, frozen yogurt, ice cream treats, non-dairy, and light ice cream (released in early 2018), along with merchandise. Essentially, whenever Cherry Garcia ice cream (or any of its variations) is sold, you'll earn royalties.
KEY DRIVERS
Consumer Staple. According to Statista, Ben & Jerry's was the top-ranked ice cream brand in the United States in 2021, with about $936 million dollars worth of sales. In 2017, Ben & Jerry’s was ranked third, so this increase is worth noting.
It's important to take into consideration that this income stream will only continue to pay out for as long as the Cherry Garcia flavor is sold.
WHAT IS BEING SOLD?
The right to the seller’s remaining interest — which expires August 17, 2030 — in the domestic (U.S. only) royalties derived from the licensing of the Cherry Garcia trademark. The right to the royalties will revert back to the original owner on August 17, 2030.
About the Royalty Distributor
Ben & Jerry's Homemade Inc., commonly known as Ben & Jerry's, is an American company that manufactures ice cream, frozen yogurt, and sorbet. It was founded in 1978 in Burlington, Vermont, and sold in 2000 to Anglo-Dutch conglomerate Unilever. Today it operates globally as a fully owned subsidiary of Unilever. Its present-day headquarters is in South Burlington, Vermont, with its main factory in Waterbury, Vermont.