Below, please find a basic info chart that details a potential franchisee's financial qualifications.
The chart displayed below provides the average Net Royalty Sales of all restaurants which were open for business for 52 weeks of the fiscal year ending December 31, 2019. The complete item 7 and associated notes and details can be found in our latest Franchise Disclosure Document (FDD), which will be presented to you during our franchise recruitment process.
Build out cost for a new franchise restaurant & other related expenses
| Build Out | Low Estimate | High Estimate |
|---|---|---|
| Lease, Construction & Leasehold Improvements | $75,000 | $275,000 |
| Equipment, Furniture, Fixtures & Signage | $125,000 | $175,000 |
| P.O.S. Systems & technology | $15,000 | $25,000 |
| Professional Fees – Architect | $12,500 | $25,000 |
| Delivery Vehicles | $8000 | $44/,000 |
| Sub Total | $245,500 | $544,000 |
| Other Related Expenses | Low Estimate | High Estimate |
|---|---|---|
| Initial Franchise Fee | $30,000 | $30,000 |
| Grand Opening Advertising | $20,000 | $30,000 |
| Training Expenses | $5,000 | $15,000 |
| Professional Fees – Legal & Accounting | $5,000 | $10,000 |
| Beer & Wine License & Deposits | $5,000 | $15,000 |
| Inventory & Supplies to Begin Operating | $15,000 | $30,000 |
| Other Licenses, Permits & Deposits | $2,500 | $5,000 |
| Insurance Deposits & Premiums | $2,500 | $5,000 |
| Additional Working Capital | $40,000 | $60,000 |
| Sub Total | $125,500 | $200,000 |
| Total | $371,000 | $744,000 |
Amount: 3% of Gross Revenues
Marketing and Promotion Fees are paid on a semi-monthly basis. Marketing and Promotion Fees will be calculated on the "Gross Revenues" received during the semi-monthly periods ending on the 15th and last day of each month.
Amount: 5% of Gross Revenues
Royalty is paid on a semi-monthly basis. Royalties will be calculated on the "Gross Revenues" received during the semi-monthly periods ending on the 15th and last day of each month. "Gross Revenues" include all revenue from the sale of all products and services. and all other income of every kind and nature related to your franchise operation, whether for cash, by redemption of gift certificates or for credit, regardless of collection. Commencing with the third full calendar month after your restaurant opens for business (the "Opening Date"), the minimum semi-monthly Royalty you must pay will be $750.