We are a Florida corporation, but are open to franchisees opening out of state, and franchisor headquartered in Tampa, FL.
We are offering franchise opportunities with the greater Tampa Bay as the target growth market. We conduct business under our corporate name and under the trade and service marks and associated logos, designs, symbols and trade dress.
The initial franchise fee is $35,000 and we estimate the necessary investment to be approximately $275,000 depending on the location and buildout. In consideration for the franchise fee, we grant the applicant a franchise to operate the Restaurant in an exclusive territory and provide the applicant with initial training, on-going support, and $3500 toward the Grand Opening. The process of obtaining a franchise is done in three steps as outlined at our initial interview and meeting.
*Five years, renewal every five years thereafter.
* Suggested size: 1000 to 1500 sq.
*Franchise fee: $35,000
*Royalty fee: 3% or $500 minimum
*Advertising Contribution: 2%
Initial Investment Estimated:
|Type of Expenditure||Amount||Method of Payment||When Due||To Whom Payment is to be made|
|Franchise Fee||$34,000-$35,000||Lump Sum||Upon signing Franchise Agreement||Us|
|Opening Equipment||$10,000 to $15,000||As outlined in CMA||Prior to Opening||Us or Third Parties|
|Leasehold Improvements & Buildout w/plumbing, electric, hoodsys., refrigeration, décor, etc||$75,000 to $117,000||As outlined in Construction Contract||Prior to Opening||Us or Third Parties|
|Construction Management Fee (Optional)||$5,000 to $17,500||At the same intervals and amounts as payable to the Contractor||Prior to Opening||Us or MEI|
|Opening Inventory||$10,000 to $15,000||Lump Sum||Prior to Opening||Us or Third Parties|
|Initial Supply of Proprietary Food Products||$3,000-$8,000||Lump Sum||Prior to Opening||Us or MEI|
|Misc. Other Equipment and Supplies||$1,500||Lump Sum||Prior to Opening||Third Parties|
|Misc. Other Inventory||$1,500||Lump Sum||Prior to Opening||Third Parties|
|Deposits and Prepaid Expenses||$4,000 to $6,000||Lump Sum||Prior to Opening||Third Parties|
|Business Licenses||$500 to $1,000||Lump Sum||Prior to Opening||Third Parties|
|Insurance||$4,000 to $6,000||As Agreed||As Incurred||Third Parties|
|Opening Event||$0 to $2,000|
|Travel and Living Expenses During Training||$0 to $1,000||As Incurred||As Incurred||Third Parties|
|Miscellaneous Expenses||$5,000||As Agreed||As Incurred||Third Parties|
|Rent (3 Months)||$6,000 to $9,000||As Agreed||As Agreed||Third Parties|
|Additional Funds (Working Capital 3 months minimum)||$30,000 to $50,000||As Agreed||As Incurred||Third Parties|
|Total Estimated Initial Investment (Excluding Real Estate Purchase Costs)||$190,500-$293,500|