How much does a Moe's Southwest Grill franchise cost?
- Initial Franchise Fee: $30,000
- Total Investment: $457,400 to $911,500
- Working Capital: $25,000 to $50,000
- Royalty Fee: 5.0%
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $30,500 | $30,500 |
| Construction and Build Out Costs | $275,000 | $935,000 |
| Permitting | $1,700 | $2,500 |
| Equipment Package | $79,000 | $127,000 |
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How much does a Moe's franchise owner make?
The salary for Owner Operator at Moe's Southwest Grill is $45,000 annually.
How do you start a Moe's?
To buy a franchise with Moe's Southwest Grill, you'll need to have at least $150,000 in liquid capital. Franchisees can expect to make a total investment of $400,000 - $500,000. They also offer financing via 3rd party as well as a discount for veterans (10% Military Discount off Franchise Fee).
How much is the initial franchise fee?
$25,000 to $65,000Franchisors are not required to charge any minimum amount, but initial franchise fees generally range from $25,000 to $65,000 for the right to develop one franchise. The franchisor needs to be competitive with the price it charges as an initial franchise fee to attract the right franchisee.
How much do you need to join a franchise?
The cost of owning a franchise varies. Some franchises require franchisees to pay an initial fee, which can range from $10,000 to more than $100,000. Then there are the ongoing marketing and royalty fees, which are often determined by how much money your franchise location makes each month.
Who is Moe's owned by?
Focus BrandsFocus Brands is an American company that is an affiliate of the American private equity firm Roark Capital Group that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands.
Who owns Moe's Southwest Grill?
Focus BrandsMoe's Southwest Grill / Parent organization
Is a franchise a one time payment?
FYI: Monthly royalties are where the profits are for franchisors-not the upfront franchise fee, which is a one-time payment. As shown above, franchise fees are a necessary part of franchising.
How do franchise owners get paid?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
Do franchises pay taxes?
Franchise taxes are paid in addition to federal and state income taxes. The amount of franchise tax can differ greatly depending on the tax rules within each state and is not calculated on the organization's profit. Kansas, Missouri, Pennsylvania, and West Virginia all discontinued their corporate franchise taxes.
What franchise makes the most money?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
Do franchise owners have to work?
Owning a franchise unit can be demanding, requiring work of 60 to 70 hours a week, but owners have the satisfaction of knowing that their business's success is a result of their own hard work. Some people look for franchise opportunities that are less demanding and may only require a part-time commitment.
How much does a franchise owner make a year?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
Why do they say welcome to Moe's?
Why do you shout "Welcome To Moe's!" when a customer enters? We're not trying to scare you or anything. Our signature “Welcome to Moe's” greeting represents our passionate promise to always welcome everyone with open arms and a smile. It's safe to say, this rally cry is infectious, especially among the little ones.
What kind of oil does Moe's use?
We use only soybean oil and vegetable stock. Our organic tofu, beans, tortillas and rice are all vegan. Also there is no gelatin in the guacamole. The VRG wished to learn more about the vegan menu options at Moe's.
What is Moe's Queso made of?
Ingredients: 6 Slices (19g) White American Cheese. 2 Slices Pepperjack Cheese. 1 Cup Heavy Cream.
How does Moe's Monday work?
Moe Monday is famous for a reason… at every Moe's restaurant across the country, we celebrate Monday's with deals starting at $5.99 for a burrito served with chips and salsa on us. For the first-time ever, Moe's fans will be able to purchase brand merch online.
What are the requirements for a franchise?
Franchisees must appoint a primary contact who will be responsible for, and have decision-making authority regarding, the restaurant and its operation. During the first 90 days after franchisees open their restaurant, they must have two certified managers who are dedicated to the restaurant, one of whom may also be the primary contact. After the first 90 days of operating the restaurant, franchisees must at all times have at least one certified manager dedicated to the restaurant. Franchisees may offer in the restaurant to customers only the approved products that the franchisor has approved in writing. Franchisees must produce and sell all approved products the franchisor specifi es, including all menu items, trademarked product lines, and other products and services that the franchisor requires franchisees to sell, as stated in the manuals or otherwise, which are all part of the system.
How much of franchise sales must be spent on local market advertising?
Each calendar quarter, franchisees must spend not less than 2% of net sales on local market advertising.
What does a franchisee have to sell?
Franchisees must produce and sell all approved products the franchisor specifies, including all menu items, trademarked product lines, and other products and services that the franchisor requires franchisees to sell, as stated in the manuals or otherwise, which are all part of the system.
What is a territory granted in a franchise agreement?
Territory Granted:The restaurant may only be operated at the accepted location. During the term of the Franchise Agreement, we will not establish or operate, nor license any other person to establish or operate, a restaurant operating under the proprietary marks and the system at any location within the area of protection, except in captive audience locations, delivery kitchens, and as otherwise provided in the Franchise Agreement. Franchisees may receive a territory with limited protected rights (area of protection). The size and scope of the area of protection will be in the Franchise Agreement and will be determined on a case-by-case basis. The factors the franchisor considers in determining the size of an area of protection include current and projected market demand, demographics and population, median household income, presence of other businesses, location of competitors, traffic patterns, access and visibility, location of other restaurants, the franchisor’s future development plans and other market conditions. However, there is no minimum area of protection for a restaurant, if the franchisor grants franchisees one. If the franchisee is not granted an area of protection, the franchisee will not receive a protected territory.
How many hours of training do franchisors need?
Currently, the management training program consists of approximately 40 classroom hours and 170 on-the-job hours. In addition to completing the management training program, the franchisor also recommends that at least one of the managers attend the opening of another franchisee’s restaurant before they open their first restaurant. Approximately seven days after they obtain the Certificate of Occupancy for their first three restaurants, the franchisor will provide franchisees, at the restaurant, one or more of its representatives to facilitate the opening of such restaurants. The franchisor may, from time to time, conduct conferences, conventions, programs, webinars, teleconferences, or training sessions on any matters related to the system.
How long is the franchise agreement?
Term of Agreement and Renewal:The length of the initial franchise term is 20 years. One 20-year renewal term is available if franchisees comply with the franchisor’s renewal requirements.
What is a Moe's Southwest Grill?
The Moe's Southwest Grill franchise is a fast-food restaurant which offers fresh-mex and southwestern food dishes, other food products and beverages, and related services.
How many locations does Moe's have?
Or maybe it's the laid-back vibe and signature "Welcome to Moe's " greeting our customers hear each time they walk through the door. Regardless of the reason behind the popularity of the brand, it works - and now, after being purchased by FOCUS Brands, Inc., in August 2007, Moe's has more than 370 locations across the country with plans to grow domestically and internationally. As a testament to the wild popularity of the brand, Moe's was named the #1 fast-casual chain based on change in system-wide sales by QSR magazine and the #2 fast-casual chain under 300 units in 2006.
When was Moe's Southwest Grill opened?
In December of 2000 in Atlanta, Ga. a handful of local entrepreneurs created Moe's Southwest Grill in the spirit of not-taking-yourself-too-seriously with menu names like the Homewrecker burrito, Closetalker salad and the Billy Barou nachos as well as a store design that includes abstract artwork with tongue-in-cheek sayings.
Who is the president of Moe's Southwest Grill?
Moe's Southwest Grill Appoints Erik Hess as Brand President#N#Erik Hess joins the Moe's Southwest Grill brand with more than 25 years of global experience in the food and beverage industry specializing in business strategy, consumer insights and improving operations. Hess will be leading as President of the Moe's brand, a fast-casual Mexican concept with more ...
How successful are franchises?
Most franchisees are successful and can generate an annual income. The profitability of a particular franchise largely depends on the amount of money that has been invested in franchise resources, equipment, and advertising. In most cases, franchises that provide products or services in high demand and that sell quickly and at a profit are most successful.
Is it risky to invest in franchises?
While the franchisee can make a substantial income, there is also the risk that they will not recoup their investment after the first few years, which could result in a loss for the franchise. Additionally, it would help if you considered the risks of investing in franchise opportunities that offer returns, such as fixed earnings.
