Full Answer
How much is a franchise for Tom and cheese?
what does it cost to own a tom & chee? Tom & Chee is a low-cost investment with high profit-potential. With a total investment range between $302,700-$433,500, Tom & Chee is a great and affordable franchise to own.
How much did Tom and Chee sell for?
$600,000Tom+Chee walked off the set with an agreement to sell 30% of the chain for $600,000. The appearance drew 2,400 inquiries from prospective franchisees, according to Tom+Chee's co-founders, Trew Quackenbush and Corey Ward, veterans of the Palomino polished-casual chain.
Why is Tom and Chee closing?
Tom & Chee fell into a dangerous trap of opening larger and larger stores, Roger David, Gold Star's CEO, told RB, with units climbing to 2,500 square feet or more. “Pre-acquisition, what happened to the brand is that they had tremendous growth and didn't have the infrastructure to support it,” David said.
How much does a Chuck E Cheese franchise earn a year?
Average Sales / Revenue Per Year Moreover, the average annual sales per Chuck E. Cheese's location worldwide was approximately $1.62 million in 2019 and $1.59 million in 2018.
Is Tom Chee still in business?
Now, with the infrastructure to support long-term growth with enthusiastic, like-minded franchisees, Tom & Chee is prepared to expand its delicious concept nationwide. The first half of 2021 has already seen the acquisition and opening of several new locations, with seasoned and new franchise owners alike.
Did a shark invest in Tom and Chee?
But more notable were the operation and financial setbacks facing the category upstart. Tom & Chee inked a deal with Shark Barbara Corcoran to sell 30 percent of the chain for $600,000.
Who invested in Tom and Chee on Shark Tank?
The founders took it to "Shark Tank" in 2013 and won $600,000 in investment from Mark Cuban and Barbara Corcoran, though Cuban later backed out and the restaurant renegotiated with Corcoran for an undisclosed amount.
How is Project Pollo doing today?
Now, Project Pollo has 12 brick-and-mortar units—in addition to two food trucks—and eight more are planned for the remainder of 2022. All of the restaurants are based in Texas, but not for much longer.
What episode is Tom and Chee?
Tom and Chee founders Trew Quackenbush and Corey Ward pitch their Cincinnati area gourmet grilled cheese shops to the Sharks in episode 424.
Is Chuck E. Cheese still profitable?
This statistic shows the net income of Chuck E. Cheese's worldwide from 2007 to 2019. Family-style restaurant chain Chuck E. Cheese's made a net income (loss) of approximately -28.92 million U.S. dollars in 2019.
What is the cost of a Subway franchise?
How much is the franchisee fee? The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
How much does it cost to open a Chuck E. Cheese?
The total investment to open and operate a Chuck E. Cheese's franchise location ranges from $1.17 million to $1.83 million, with liquid assets available of at least $800,000 per unit.
What is Chuck E Cheese net worth?
Family restaurant chain Chuck E. Cheese's had total assets amounting to approximately 2.12 billion U.S. dollars in 2019....Total assets of Chuck E. Cheese's worldwide from 2007 to 2019 (in million U.S. dollars)CharacteristicTotal assets in million U.S. dollars--12 more rows•Nov 23, 2021
Does Chuck E Cheese have a franchise?
Chuck E. Cheese's has the franchise fee of up to $800,000, with a total initial investment range of $1,170,000 to $1,830,000.
How many Chuck E Cheese locations are there?
FormerlyChuck E. Cheese's Pizza Time Theatre (1977–1989) Chuck E. Cheese's Pizza (1989–1994) Chuck E. Cheese's (1994–2018)FounderNolan BushnellHeadquartersIrving, Texas , U.S.Number of locations612Area servedThe Americas, The Middle East, India13 more rows
Does Chuck E Cheese have any competitors?
Chuck E. Cheese's competitors and similar companies include Maple Leaf Sports & Entertainment, BATL, Wizcraft International Entertainment and Poptropica. Chuck E. Cheese is a chain of family entertainment centers operated by CEC Entertainment.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 10 franchised Tom and Chee locations in the USA.
Do they offer Territory Rights?
Tom and Chee offers territory protections. For an explanation of territorial rights, unlock this franchise for important details.
Do they offer financing support?
No, but you can click here to fill out our affordability calculator and understand your financing options.
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
Does Tom and Chee have franchise support?
Yes. Tom and Chee offers comprehensive support for franchisees. Unlock this franchise to find out more details.
What is a Tom & Chee Franchise?
Tom & Chee has risen from humble origins to one of the rising stars in the $23 billion sandwich industry. In 2009, the first Tom & Chee location literally popped up in a tent near the ice-skating rink in downtown Cincinnati, Ohio, during the winter holidays. Since then, Tom & Chee has become a nationally-recognized brand after appearing on Shark Tank and growing to more than 12 locations in seven states.
Where is Tom and Chee located?
In 2009, the first Tom & Chee location literally popped up in a tent near the ice-skating rink in downtown Cincinnati, Ohio. Since then, Tom & Chee has become a nationally-recognized brand after appearing on Shark Tank and growing in seven states.
What makes Tom and Chee special?
What Makes Tom & Chee Special? We’re real people with a passion for great, fun food. We started selling our grilled cheese out of a tent set up next to an ice skating rink in December of 2009. After a lot of hard work, we now have several Cincinnati area locations as well as franchise operations in 14 states. Our passion for quality food has led to us being featured on ABC’s Shark Tank, The Chew, the Travel Channel’s Man v Food Nation and Amazing Eats, and the Today Show named our Grilled Cheese Donut one of the Best New Sandwiches In America.
What is Tom and Chee?
Tom & Chee is the grilled cheese and tomato soup shop for the kid at heart, mixing classic comfort food with fresh ingredients, healthy alternatives, and a flair for the unexpected.