As with other sectors of franchising, the food franchising industry is booming and presents a lot of opportunities for investing. It is in the light of this that this article focuses on food franchise opportunities and how to take advantage of these food franchise opportunities.
Franchise For Sale, Low Cost Franchise Under 10k, Best Value Food and Restaurant Franchises
1. Checkers and Rally’s Restaurants Inc.
The checkers and Rally’s Restaurants Inc. was founded in 1986 with the parent company as Sentinel Capital Partners LLC. With its CEO as Enrique Silva and its operational headquarters as Tampa, Florida, it started franchising in 1989. This franchise provides restaurant services, with specialty on burgers and fries.
Checkers and Rally’s Restaurants Financial Requirements
The financial requirements every interested franchise candidate is expected to meet includes an Initial Investment starting from $165,796 to $1,306,345, a Net-Worth requirement of $750,000 and a Liquid Cash requirement of $250,000.
Checkers and Rally’s Restaurants Ongoing Fees
There are also attendant ongoing fees to be paid by every franchisee. These include an Initial Franchise fee of $30,000, an Ongoing Royalty fee of 4% and an Ad Royalty fee of 4.5%.
Checkers and Rally’s Restaurants Training and Support
Compulsory training is provided to both new and existing franchisees. For new franchisees, an on-site training period lasting 5 weeks is provided. Existing franchisees are periodically trained on new industry innovations through meetings and refresher courses. Support covers the following areas; grand opening, security, newsletter releases and the internet among others.
Checkers and Rally’s Restaurants Financing Options
The financing options available to franchisees includes a third-party relationship Checkers and Rally’s has with finance sources that offer financing to cover accounts receivable, equipments, payroll, start-up costs, and the franchise fee.
How to Join Checkers and Rally’s Restaurants?
To join this franchise, simply register your interest on the website of this franchisor. In the franchise section of the website is an available online application form which you must carefully fill and submit. The franchisor will check the information supplied by you and either contact you if qualified or you get a negative feedback about your application process.
2. Jimmy John’s Gourmet Sandwiches
As implied by the name, this franchise specializes in the sandwich sector of the food industry. It was founded by James Liautaud in 1983. With its corporate headquarters located in Champaign, Illinois, it began franchising 10 years later in 1993, with James North as its current CEO and Jimmy John’s LLC as its parent company.
Jimmy John’s Gourmet Sandwiches Financial Requirements
The following are financial requirements Jimmy John’s franchisees must meet before qualifying as its franchisees; an Initial Investment starting from $325,500 to $555,000, a Net-Worth requirement of $300,000 and a Liquid Cash requirement of $80,000.
Jimmy John’s Gourmet Sandwiches Ongoing Fees
These are also mandatory fees to be paid by all Jimmy John’s franchisees. These fees include an Initial Franchise fee of $35,000, and Ongoing Royalty fee of 6% and an Ad Royalty fee of 4.5%.
Jimmy John’s Gourmet Sandwiches Training and Support
All new franchisees and their franchise managers are to undergo a period of compulsory training covering a period of 17 days at its corporate headquarters and another 20 days of on-site training. The aim is to adequately train them on how to properly run this franchise successfully. Support covers areas such as periodic newsletter releases, meetings, grand opening among other areas.
Jimmy John’s Gourmet Sandwiches Financing Options
There is an option for financing provided by the franchisor for the benefit of its franchisees. This is in the form of third-party relationships the franchisor has with finance sources that provide financing to cover the following areas; equipment, inventory, start-up costs, and franchise fee.
How to Join Jimmy John’s Gourmet Sandwiches?
To Join the Jimmy John’s franchise, all you have to do is to simply register your interest on an online application form available on its website. This form should be carefully filled and submitted, as the information provided is used to screen for qualification. If qualified, you are directed on the next stage of action by the franchisors representative.
3. Rosati’s Pizza Franchise
With specialization in pizza and Italian cuisine, the Rosati’s Pizza franchise was founded in 1964 and only began franchising as recent as 2006. With its corporate headquarters located in Elgin, Illinois, it currently has Anthony Rosati as its CEO and Rosati’s Franchising Inc. as its parent company.
Rosati’s Pizza Franchise Financial Requirements
The financial requirements needed to open a Rosati’s Pizza franchise includes an Initial Investment of $134,200 to $975,500, a Net-Worth requirement of $80,000 and a Liquid Capital requirement of like sum ($80,000).
Rosati’s Pizza Franchise Ongoing Fees
There are ongoing fee requirements to be met by all Rosati’s Pizza franchisees. Among these ongoing fees are an Initial Franchise fee of $25,000, an Ongoing Royalty fee of 5% and an Ad Royalty fee of 5%.
Rosati’s Pizza Franchise Training and Support
Compulsory training is made available to franchisees and their managers and other members of their management staff as may be desired by the franchisee. The more the number of trainees under a single franchisee, the more likely it is that he will be covering the training costs.
The training is on-site, and covers a period of 14 days. Support covers areas like periodic meetings, internet provision, a toll-free line and newsletter releases among others.
The financing options available to franchisees especially veterans include a whopping 25% discount off franchise fee as a way of showing appreciation the veterans who have served their country with dedication.
How to Join Rosati’s Pizza Franchise?
Investment interests should be indicated on an online application form on the franchisors website solely provided for this purpose. This form should be filled and submitted. If screened and found qualified, a representative from the franchisor will establish contact using the details supplied, for further investment discussions.
4. Farmer Boys Restaurants
Providing burgers, breakfast, sandwiches, sides and salad services, the Farmer Boys Restaurants was founded by brothers Makis and Chris in 1981. With Demetris Havadjias as its current CEO, the corporate headquarters of this franchise is located in Riverside, California, and its parent company as Farmer Boys Food Inc. The Farmer Boys Restaurants began franchising in 1997.
Farmer Boys Restaurants Financial Requirements
Franchise candidates are expected to meet the following financial requirements; an Initial Investment starting from $1,063,500 to $1,613,500, a Net-Worth requirement of $750,000 to $1,000,000, and a Liquid Cash requirement of $300,000 to $500,000.
Farmer Boys Restaurants Ongoing Fees
There are ongoing fees which all franchisees are expected to pay. These include an Initial Franchise fee of $45,000, an Ongoing Royalty fee of 5% and an Ad Royalty fee of 3%.
Farmer Boys Restaurants Training and Support
Training for new franchisees covers a period of 60 days at its corporate headquarters and a 14 day on-site training. Support covers areas like security, grand opening, meetings, a toll-free line, internet among other support areas.
Farmer Boys Restaurants Financing Options
The financing option is in the form of third-party relationship with financing sources that provide financing covering the following areas; equipments, start-up costs and the franchise fee.
How to Join Farmer Boys Restaurants?
Similar to most other franchises, joining the Farmer Boys franchise requires the interested franchise candidate to indicate his/her interest on the online application form available on its website. After filling and submitting, the franchise candidate is contacted if his/her application qualifies for the next round.
5. Sonic Drive-In Restaurants
This franchise was founded by Troy Smith and his partner Charlie Pappe. With specialty in the provision of hot dogs, burgers, chicken, breakfast, sandwiches, ice cream and other beverages, the Sonic Drive-In restaurants coordinates its activities out of its corporate headquarters located at Oklahoma City, Oklahoma. Its current CEO is Cliff Hudson.
Sonic Drive-In Restaurants Financial Requirements
The following are financial requirements to be met before candidates can be qualified for ownership of the Sonic Drive-In franchise; an Initial Investment of $1,023,000 to $1,765,000, a Net-Worth requirement of $1,000,000 to $2,000,000 and a Liquid Cash requirement of $500,000 to $2,000,000.
Sonic Drive-In Restaurants Ongoing Fees
The Ongoing fee required by the franchisor includes an Initial Franchise fee of $45,000, an Ongoing Royalty fee of 5% and an Ad Royalty fee of 3.25 to 5%.
Sonic Drive-In Restaurants Training and Support
Mandatory training is made available to franchisees at existing franchise locations. Support is given to cover periodic newsletter releases, internet provision, a grand opening, a toll-free line among other support areas.
Sonic Drive-In Restaurants Financing Options
The financing options enjoyed by franchisees include a third-party relationship the franchisor has with finance sources that offer financing to cover the following areas; payroll, accounts receivable inventory, equipment, start-up costs and franchise fee.
How to Join Sonic Drive-In Restaurants?
Carefully fill and submit the online application form found on the website of the franchisor. The information supplied by the applicant is used to screen if the franchise candidate is eligible. The second round of the application process is opened to the franchise candidate, once he/she is found qualified.
These are the food franchise opportunities available for investment. They have been provided with help on the most basic information, and most important of all, how to join them.