Applebee’s Franchise Costs: Estimated Initial Investment (Item 7, 2021 FDD)
- 1. Initial Organizational and Training Expenses (incorporation, legal and accounting fees, training, site location, and miscellaneous expenses): $75,000 to $120,000
- 2. Purchase of Land: $300,000 to $2,000,000 ...
- 3. Building Costs (purchase, construction, remodeling, etc.): $556,000 to $2,600,000
- 4. Site Work: $50,000 to $500,000
- 5. Professional Services: $30,000 to $211,000
Full Answer
How much does it cost to open a franchise?
Estimated Initial Investment Name of Fee Low High Applicant’s Fee $0 $15,000 Franchise Fee Deposit $0 $10,000 Initial Franchise Fee (if Franchise Fee ... $35,000 $35,000 Initial Advertising Expense $5,000 $40,000 29 more rows ...
What kind of franchise is Applebee's?
Franchise Description: Applebee's Franchisor LLC is the franchisor. The franchisor offers franchises for restaurants utilizing the service marks Applebee's Neighborhood Grill & Bar and Applebee's Grill and specializing in the sale of uniform, high quality, moderately priced food and alcoholic beverages in a distinctive, casual setting.
How much does it cost to advertise at Applebee's?
There is currently no required local advertising fee. Applebee’s point of sale license is currently $2,500 per site. This includes the AppleONE Point-of-Sale (A1POS) and AppleONE Cards (A1 Cards) software components. An annual maintenance fee of up to $1,325 per restaurant is currently charged for the Applebee's POS and A1 Cards software.
Who owns Applebee's in Athens GA?
Neighborhood Hospitality Inc., an Applebee's franchise group that owns the restaurant in Athens, recently delivered a $46,000 check in support of the Muscular Dystrophy Association's annual Shamrocks Against Dystrophy campaign. This is the second year in a row that the franchise has donated t...
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How much does it cost to open a Applebee's 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 ...
How much does the owner of Applebee's make?
Average Applebee's Founder and CEO yearly pay in the United States is approximately $43,440, which is 42% below the national average.
How much does a Applebee's make a year?
Income can be high — after a massive cost. According to The Grubwire, the average Applebee's restaurant achieves an astonishing annual sales of over $2.4 million.
What franchise owns Applebee's?
Dine Brands Global Inc.Applebee's is franchised by subsidiaries of Dine Brands Global Inc. [NYSE: DIN], which is one of the world's largest full-service restaurant companies.
How much does the CEO of IHOP make a year?
Executive Compensation Of this total $582,692 was received as a salary, $1,044,191 was received as a bonus, $306,035 was received in stock options, $297,031 was awarded as stock and $41,963 came from other types of compensation. This information is according to proxy statements filed for the 2021 fiscal year.
How many Applebee's are in the US?
Applebee'sAn Applebee's in Griffin, GeorgiaFoundersBill Palmer T. J. PalmerHeadquartersGlendale, California , U.S.Number of locations1,787 (December 31, 2019)Areas servedUnited States, Canada, Mexico, Guatemala, Panama, Brazil, Qatar, Saudi Arabia, Kuwait, United Arab Emirates11 more rows
Does Applebees get tips?
Yes, servers tips out the host at the end of every shift that host works. Yes, but it depends on how many are working and how the sales are for the evening as to what you tip out will be. Yes, servers tip out the hosts and bartenders.
Do Applebee's servers share tips?
You have to tip out a percentage to the bar, whether you ordered any drinks from the bar or not. The servers tip share 3% of their sales 2%of sales goes to host with is split between the hosts. 1% goes to the bartender..
Who owns the most Applebee's?
Flynn Restaurant GroupGROUP. Apple American Group is the largest Applebee's franchisee, operating 441 restaurants across 23 states. It is part of Flynn Restaurant Group which also operates 282 Taco Bells, 130 Paneras, 369 Arby's, 941 Pizza Huts, and 192 Wendy's, making it the largest restaurant franchisee in the US.
How much is a Chili's franchise?
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.
What state has the most Applebee's?
The state with the most number of Applebees International locations in the US is California, with 107 stores, which is about 7% of all Applebees International stores in the US.
Is there an Applebees in all 50 states?
Applebee's is one of the world's largest casual dining brands; as of June 2018, there were more than 1,700 Applebee's franchise restaurants in all 50 states, Puerto Rico, Guam and 13 other countries.
Who is the CEO of Applebee's?
John Peyton is Chief Executive Officer of DINE Brands. DINE proudly franchises both Applebee's, the world's largest casual dining brand (1,728 restaurants in 49 states and 11 countries) and IHOP, the leading family dining brand (1,807 IHOP restaurants in 50 states and 12 countries).
Who is Wayne Pankratz?
Wayne Pankratz, a top executive at an Applebee's franchise chain, sent a blast email to his colleagues this month crowing that rising gas prices were an "advantage" for the chain.
How Much Money Can You Make as an Applebee’s Franchisee (Owner)?
According to the FDD, average weekly sales of an Applebee’s restaurant is $46,695. This equates to $2,428,000 in annual sales. On that nearly $2.5M in sales, on average a franchisee will make profits of around $310,000 before paying for taxes, interest expenses or above store general & administrative costs.
How much is Applebee royalty?
The Applebee’s ongoing royalty fee paid to the franchisor is 4% of gross sales. This percentage can be increased by the franchisor after January 1, 2020. Royalties are due monthly on the 12th day of the next month. Gross sales includes all revenues from the Restaurant. Gross sales do not include sales or use taxes.
Who founded Applebee's?
The Applebee’s chain was founded by Bill and T.J. Palmer in 1980. They wanted to crate a neighborhood feel and quality food at a lower price than competition. The first location was named T.J. Applebee’s Rx for Edibles and Elixirs. Eventually, the concept was sold a few times and dropped the nonsense at the end of the name.
What is an Applebee's?
Applebee's is a table service restaurant that offers food and alcoholic beverages. Applebee's is a franchise concept in the Food and Beverage industry.
What is franchise percentage?
The percentage change of total franchise units from one year to the next.
What is Applebee's Neighborhood Grill and Bar?
The franchisee will operate sit-down, table service Restaurants, including the service of food and alcoholic beverages, under the trade name of Applebee’s Neighborhood Grill & Bar®.
What is franchise failure?
Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.
How much is Applebee's sales in 2020?
U.S.-based casual dining restaurant chain Applebee's reported sales amounting 2.99 billion U.S. dollars from its franchise restaurants in the United States during the 2020 financial year. This reflects a decrease of 0.96 billion from the previous year.
Where is Applebee's located?
The restaurant serves a range of classic bar and grill food, such as burgers, pasta, steaks and sandwiches. Founded in the U.S. state of Georgia in the 1980’s, Applebee’s has now expanded to several international locations including Brazil and Singapore.
