how much does a red robin restaurant franchise vost

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How much do Red Robin owners make?

With these numbers, a Red Robin franchise owner makes about $480,000 a year before paying debt interest or taxes or paying administrative staff. This is impressive profit for a burger restaurant.

Are Red Robins franchised?

Red Robin is a privately held casual dining chain. While the majority of the locations are owned by Red Robin itself, nearly one-third of the Red Robin restaurants are franchised.

Who is Red Robin owned by?

Ansara Restaurant Group – Family Owned Since 1961. Ansara Restaurant Group is headquartered in Farmington Hills, Michigan. Our company owns and operates Red Robin restaurants throughout Michigan and Northwest Ohio.

How much does it cost to buy a Applebees franchise?

Opening an Applebee's franchise requires an upfront franchise fee of $35,000 and a total initial investment of $1,967,438 to $7,073,036, which includes (but isn't limited to) the cost of acquiring the underlying real estate, store build-out, permits, equipment and furniture, training, systems, and 3 months' operating ...

Why is Red Robin stock so low?

Shares of Red Robin Gourmet Burgers, Inc. RRGB have declined 53.2% so far this year compared with the industry's fall of 12.2%. The downside was primarily caused by inflationary pressures and supply chain disruptions.

Is Red Robin in all 50 states?

Since opening in 1969 in Seattle, Washington, we have grown to 546 Red Robin Restaurants in 44 states and one Canadian province. 443 restaurants are company-owned, while our franchisees operate the remaining 103.

Does Red Robin use frozen patties?

Our Tavern patty is also made with all-natural, domestic, USDA-inspected 100% beef. These patties, which are used for only a limited portion of our menu, are frozen before distribution.

What does Red Robin Fry in?

Does any Red Robin restaurant now, or in the planned future, use peanut oil in any fryers? No. Red Robin uses a fully-refined soybean oil – an item which is NOT considered a Big 8 allergen by the FDA.

What is Red Robin's catchphrase?

We do the right thing. The right way. No matter what.

How much is a IHOP franchise?

The franchise fee to open an IHOP is $40,000 per restaurant for a multi-unit agreement, $50,000 for a single restaurant agreement. The total estimated investment ranges from $92,000 to $810,000. IHOP annual company-wide revenues exceed $2 billion.

What is the cost of a Starbucks franchise?

What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.

How much does it cost to start a Chili's?

The estimated initial investment required to open a Chili's Grill & Bar franchise is $2.6 million to $4.0 million, including a franchise fee of $40,000 - $60,000.

Who is the CEO of Red Robin?

Paul J B Murphy III (Oct 3, 2019–)Red Robin / CEO

What does the Snyder Group own?

In-N-Out Burger is the story of three generations of the Snyder family, who took a small hamburger shop in California way back in 1948, and turned it into a 335-store west coast American Cult.

Where is Red Robin headquarters?

Greenwood Village, CORed Robin / HeadquartersThe City of Greenwood Village is a home rule municipality located in Arapahoe County, Colorado, United States. The city population was 15,691 at the 2020 United States Census. Greenwood Village is a part of the Denver–Aurora–Lakewood, CO Metropolitan Statistical Area and the Front Range Urban Corridor. Wikipedia

Where did Red Robin originate from?

Seattle, WARed Robin / Place founded

What are the requirements for a franchise?

Franchisees must also designate and retain at all times one General Manager and one Kitchen Manager to assist in the operation and management of the restaurant . Each of these persons must satisfy the franchisor’s educational and business experience criteria as established in the Operations Manual and must complete to the franchisor’s satisfaction its training requirements. Franchisees must sell or offer for sale all menu items, food products, beverages, and other products and services the franchisor requires, in the manner and style it requires. Franchisees must sell only approved menu items, and other products and services that the franchisor expressly authorizes in the Operations Manuals or otherwise in writing.

What is a franchise agreement for Red Robin?

Territory Granted: The Franchise Agreement grants franchisees the right to operate a Red Robin restaurant at a single location that the franchisee selects and the franchisor approves. Franchisees must operate their restaurant only at the approved location. The Franchise Agreement grants certain rights of protection to franchisees ...

What is a protected area in a franchise agreement?

The Franchise Agreement grants certain rights of protection to franchisees and these rights are determined at the time of execution of the Franchise Agreement (the “Protected Area”). The size of the Protected Area varies depending upon demographics, population and commercial development.

Who is the franchisee of Red Robin?

Franchise Description: The franchisor is Red Robin International, Inc. The franchisor will grant the right to establish and operate one or more casual dining, full-service Red Robin restaurants offering a large and varied selection of customizable burgers in a fun environment welcoming to guests of all ages.

Does franchising offer financing?

Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisee’s promissory notes, mortgages, leases or other obligations.

Is there a minimum area for a restaurant?

There is no required minimum area. The franchisor typically define the boundaries of the Protected Area as a circle with the restaurant at its center with a specified radius. The radius will typically depend on local population and other demographic information.

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What is a Red Robin franchise?

Red Robin franchise represents the business with up to 80 years of experience in restaurant services. The mission is to make the food fresh, the atmosphere fun, and the visitors smile. The restaurant offers the finest burgers, appetizers, entrees, soups, and sides for sale. Red Robin restaurant franchise enables good opportunities for fast growth due to an interesting concept. When a franchisee starts a Red Robin burger restaurant franchise, they are assisted by the franchisor at every stage which makes the process easier. How to open the Red Robin franchise? Read cost and profit totals, royalty fees, Red Robin franchise requirements, other investment information and apply.

How much does Red Robin cost?

How much does Red Robin franchise cost? Red Robin has the franchise fee of up to $35,000, with a total initial investment range of $1,865,000 to $4,115,000. Initial Investment: $1,865,000 - $4,115,000. Net-worth Requirement: $100,000.

How much money do you need to open a Red Robin?

In order to open a Red Robin restaurant franchise, you must have a net worth of more than $100,000. Appreciate the investment required for a restaurant franchise.

What is Red Robin famous for?

Red Robin is a casual dining restaurant famous for its gourmet hamburgers and bottomless steak fries. The restaurant operates under its four cornerstones: Values, People, Burgers, and Gift of Time. Though burgers are definitely the go-to item on the menu, there are plenty of other options to appeal to every member of the family including appetizers ...

What is Jon Smith Subs?

Jon Smith Subs is a FRESH new opportunity with a track record for success, serving high quality subs, right off the grill, overstuffed and piled high with the freshest ingredients, since 1988.

What are the charities that Red Robin works for?

Five of the charities it collaborates with are Special Olympics, National Center for Missing and Exploited Children, U-ACT Program, Denver Kid, Inc., and Red Robin Foundation.

What is Red Robin's loyalty program?

Red Robin has a “Red Royalty” customer loyalty program. Card-holding customers receive a free hamburger on their birthdays, a tenth entrée free (after buying nine entrees), and other special offers throughout the year. Red Robin strives to engage with and help the communities it serves. Five of the charities it collaborates with are Special Olympics, National Center for Missing and Exploited Children, U-ACT Program, Denver Kid, Inc., and Red Robin Foundation. Red Robin also develops on-site fundraisers with local schools in which Red Robin kicks back a percentage of the profits it earns.

How many Dickey's locations are there?

Dickey's is the largest Barbecue franchise in the world and is an award winning brand. With over 500 locations in 43 states as well international locations, their smokin' franchise has been treating guests to great tasting barbecue since 1941. No restaurant experience needed, total training and support provided.

What is a wing zone?

Wing Zone is a fast-casual food franchise that has won the hearts of wing lovers and flavor fanatics across the globe. Their menu has something for everyone, and with a warm and friendly environment, Wing Zone tops the lunch, dinner, and late-night crowds. Own a Wing Zone franchise today!

When did Sam's Red Robin start franchising?

In 1969, Gerry Kingen bought a restaurant named Sam’s Red Robin, soon dropping the word “Sam” from the title. Ten years later, the restaurant started franchising, beginning in Washington and expanding around the northwest.

How long does a franchise agreement last?

The term for the franchise agreement is 20 years from the date the Franchise Agreement is signed. There is no right to renew the term of the Area Development Agreement or Franchise Agreement.

How many Red Robin locations are there?

At the end of 2018, there were 554 Red Robin Locations. 89 of these units were franchised and 465 units were company owned. Here is what the unit location counts have looked like for the past couple years:

How much money do you need to be a Red Robin?

The current net worth requirement to become a Red Robin franchisee is greater than $100,000.

What is the maximum fee for regional advertising?

The maximum fee paid to the regional and local advertising cooperatives is a maximum of 1.5% of gross sales. This amount is credited against local advertising requirement. Contributions to regional or local advertising cooperative are credited toward your obligations to your local advertising spend requirement.

How much does a Red Robin franchise make?

Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors. Unlock this franchise for franchise-specific data and insight.

How many franchise locations do they have?

As of the 2018 Franchise Disclosure Document, there are 89 franchised Red Robin location s in the USA.

Do they offer Territory Rights?

Red Robin offers territory protections. For an explanation of territorial rights, unlock this franchise for important details.

When did they begin franchising?

They began franchising in 1979. The average Burgers franchise began franchising in 2008.

What does it mean to find the best franchise?

Finding the best franchise means comparing several brands to determine the ideal fit for you.

Is Red Robin a publicly traded company?

It boasts a family-friendly atmosphere that includes bottomless Steak Fries, cocktails, non-alcoholic beverages, and other concoctions. Red Robin is a publicly traded company that trades on NASDAQ under the ticker symbol “RR GB”.

About Franchise

Red Robin International, Inc is the franchisor. The franchisor sells business to operate one or few Red Robin restaurants. Red Robin restaurants is full-service casual dining that offers a variety of customizable burgers in a fun atmosphere catering to guests of all ages.

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