FRANCHISE FAQ
The Answers You Need
HOW MUCH IS THE FRANCHISE FEE?
The franchise fee is exactly $25,000.
HOW MUCH IS THE DEVELOPMENT COST?
The development cost is around the price range of $100,000 to $150,000, which could be extended if the franchisee owner desires.
WHAT IS THE ROYALTY FEE PERCENTAGE
The royalty fee is around 2% to 6%, it is being evaluated at the moment.
WHAT IS THE PERCENTAGE OF THE BRAND DEVELOPMENT FUND?
The brand development fund percentage is around 2%.
HOW MANY SQUARE FEET DOES THE LOCAL REQUIRE?
The minimum square feet required is around 1,000sq/ft to 3,000sq/ft.
WHERE IS THERE A OPPORTUNITY TO OPEN A OPERATION
We have received many recommendations from different areas that would be recommended to start one of our franchises.
HOW MUCH CAN THIS BUISNESS PROFIT?
The answer to this question must follow the rules from the Federal Trade Commission, if we do not document the sales annually in the FDD we can verbalize it. Then we can talk about the three elements to a percentage level: Food Cost, Labor Cost & Rent Cost. With this, do your own protections having in consideration the prices, average transaction fees, hours of operation, etc.
Food cost of 25% to 330%.
Labor cost not higher of 15% to 18%.
No rent higher than 3% to 5%.
WILL YOU TRAIN MY WORK PERSONEL?
Yes, every franchise owner will not have to deal with the training part of their employees, we will handle all of the training directly.
WHAT DOES FRANCHISE FEE COVER?
The franchise fee covers the limited license for the use of the brand that belongs to the company and the transfer of the “know-how” through our program of training.
how much time does it take to open the franchise after signing the contract?
The franchise must be in operation between 4 to 6 months after signing the contract, which could be less or more time depending on the diligence that the franchisee through the permissions and the construction. Also, have to have in consideration the amount of operation that the franchisees have in the time to open.
DOES THE COMPANY HELP ME FIND A SPOT FOR THE LOCAL?
Even though this is the main contractual liability of the franchisees, the company or advisers could suggest some location that has been brought to the table from the owners of the property.
HOW MANY EMPLOYEES IS NEEDED TO START OPERATING MY FRANCHISE?
Every franchise will require around 7 to 10 employees, all depending on the size of the local.