Cherry Garcia Ice Cream Royalties
Earn consistent royalties generated from the sales of Ben & Jerry’s massively popular ice cream flavor, Cherry Garcia!
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- Closed April 29, 2019
- 10-year term
- Trademark Owner (U.S. Only)
About This Auction
- $9,041
- Dollar Age
- ~ 32 Years
- Interests Included
- Trademark Owner (U.S. Only)
- Trademark Licensing
- 10 years*
- First Distribution
- May 31, 2019
- Distribution Frequency
- Quarterly
- Distributor
- Ben & Jerry's Homemade, Inc.
- Starting Price
- $50,500
- Bidding Increment
- $1,000
- Closing Price
- $69,500
- End Date
- April 29, 2019, 1:09 PM MDT
- Buyer Fees
- $500‡
* Please see the FAQ tab for more information on the 10-year investment term.
‡ Become a Royalty Exchange All Access Investor to waive auction fees and enjoy additional exclusive benefits.
Description
Last year, we auctioned a portion of this royalty stream — you can view that auction here.
Now up for bid is a larger share of this unique royalty stream produced by Cherry Garcia ice cream — Ben & Jerry’s longtime, fan-favorite flavor.
Officially released in 1987, Cherry Garcia is a nod to the celebrated and acclaimed guitarist/songwriter Jerry Garcia, along with his band the Grateful Dead. The flavor was an instant hit and over 30 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 sale 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 (recently released in early 2018), along with merchandise. Essentially, whenever Cherry Garcia ice cream (or any of its variations) is sold, you'll earn royalties.
A portion of proceeds from this auction will benefit the Jerry Garcia Foundation. The Jerry Garcia Foundation is a 501(c)(3) nonprofit organization, that supports artistic, environmental and humanitarian causes through the beauty of art and music. The Foundation was established in 2015 in honor of musician, artist, and visionary, Jerry Garcia.
Finally, as a special and exciting memento, the seller would like to include a unique piece of Jerry Garcia's artwork, for the winner of this auction!
Key Drivers
Consistent Earnings. The royalties generated by the Cherry Garcia product line have been remarkably consistent over the last three years -- averaging just over $8,500/annually. What’s more, annual earnings are actually growing, up each year for the past three calendar years.
Ben & Jerry’s Popularity. According to Statista, in 2017 Ben & Jerry's was the third-ranked ice cream brand of the United States with about 477.1 million U.S. dollars worth of sales.
What is Being Sold?
Ten years of payments generated by the seller's interest in the domestic (U.S. only) royalties derived from the licensing of the Cherry Garcia trademark.
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.
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.
Financials
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Earnings over time, and where they came from.
FAQ
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Answers about the term, the bidding and the royalties.
Media
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Videos, audio and images from the catalog.
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