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
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 an Applebee's owner make?
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. However, out of all of that cash the average franchisee gets only about $310,000 profit.
How much it cost to open Applebee's?
$63 per month per restaurant. The above information has been compiled from the FDD of Applebee's. Year of FDD: 2022....Vocelli Pizza.Name of FeeLowHighInitial Franchise Fee (if Franchise Fee Deposit paid, less $10,000, for a total of $25,000)$35,000$35,00033 more rows
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.
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.
Can I buy an 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 ...
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 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.
What is the most profitable franchise?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
How often do franchisees get paid?
Franchise royalties are usually collected by your franchisor on a monthly basis. Like marketing fees, these fees are based on a percentage of your revenue. But there's one major difference; the percentages are higher. Franchise royalties range from 4% of your revenue all the way up to 12% or more.
What is the cost of McDonald's franchise?
The Franchise fee of McDonald's goes for around 30 lakhs INR; however, this fee is also attached with a 4 % monthly royalty fee as service fees to the brand. The actual investment amount differs, a business owner needs to keep a rough estimate of around 6 to 14 Crores.
Who owns Chili's franchise?
Brinker International, Inc.Brinker International, Inc. (NYSE: EAT) is one of the world's leading casual dining restaurant companies and home of Chili's® Grill & Bar, Maggiano's Little Italy® and two virtual brands: It's Just Wings® and Maggiano's Italian Classics™.
Was chilis bought out?
Chili's Grill & Bar is an American casual dining restaurant chain. The company was founded by Larry Lavine in Texas in 1975 and is currently owned and operated by Brinker International.
Who owns Applebee's?
Dine BrandsApplebee’s International, Inc. / Parent organizationDine Brands Global Inc. is a publicly traded food and beverage company based in Glendale, California. Founded in 1958 as IHOP, it operates franchised and corporate owned full-service restaurants including two restaurant concepts, Applebee's Neighborhood Grill & Bar and International House of Pancakes. Wikipedia
Is Applebee's franchise or corporate?
Applebee's is selling its 69 company-operated restaurants, which will make the brand entirely franchisee-operated for the first time since 2018. The sale of the restaurants in North and South Carolina is expected to close in the current quarter.
How does the 2 for 20 work at Applebee's?
The famous 2 for $20 deal here at Applebee's is one that everyone loves, including myself. You can choose from an amazing selection of entrees and pick 2 of them, plus an appetizer, for only $20. What's not to love?
Is Chipotle a franchise?
Because Chipotle does not franchise, all restaurants are owned and operated directly by the corporation itself.
How long is the franchise agreement?
Term of Agreement and Renewal: The length of the initial franchise term is from one to 20 years. There are currently no provisions given for renewal. Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisee’s note, lease or obligation.
What is Applebee's Neighborhood Grill?
Franchisees 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 territory?
Territory Granted: Under each Franchise Agreement, the franchisor allows franchisees to operate a restaurant at the single specific location described in the Franchise Agreement. The franchisor must approve the location of the restaurant in advance. Franchisees will not receive an exclusive territory. Franchisees may face competition from other franchisees, from outlets that the franchisor owns, or from other channels of distribution or competitive brands that the franchisor controls.
Does franchising offer financing?
Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisee’s note, lease or obligation.
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Do franchisees have to supervise their own restaurants?
Obligations and Restrictions: The franchisor does not require franchisees to supervise personally their franchised restaurants. Franchisees must employ a director of operations (or an individual with equivalent or greater responsibility and authority) to devote his/her full-time efforts to the restaurants in the territory. The director of operations may be one of the individual principal shareholders if the franchisor agrees he/she has sufficient restaurant experience to perform the job. Under each Franchise Agreement, franchisees must employ a general manager who will devote his/her full-time efforts to supervising the day-to-day operation of each restaurant and a kitchen manager who will devote his/her full-time efforts to supervising the day-to-day operation of the restaurant kitchen. The general manager, kitchen manager and assistant managers for each restaurant must successfully complete the operations training course before the opening of the restaurant for which they are responsible (and after the restaurant opens, as the franchisee hires each new manager) and must successfully complete any refresher courses the franchisor requires. Franchisees may offer for sale in the restaurants only those products and services specified in the Franchise Agreement and the manuals which satisfy the franchisor’s standards and specifications and which the franchisee purchases from approved suppliers and distributors. Franchisees may not use the restaurant location for any purpose other than the operation of a restaurant complying with the franchisor’s requirements, and franchisees may only advertise locally through media the franchisor approves.
Applebee's Franchise Opportunities - History
Applebee's story begins in 1980, when Bill and TJ Palmer opened T.J. Applebee's Rx for Edibles and Elixers in Atlanta, Georgia. After only three years, the two brothers sold the Applebee's concept to W.R. Grace and Company, who turned the brand into a franchise.
Applebee's Franchise System Size and Composition
There are approximately 2,000 Applebee's units worldwide, all of which are franchised. The vast majority of the restaurants are located in the United States, though approximately 10% are in international markets.
What is Applebee's appeal?
Applebee's has appeal for a wide segment of the population. Its menu aims to cater to a variety of tastes, including customizable meals, kids' menus, seasonal items and more.
Why Choose Us?
The Applebee's franchise has extensive experience and a track record of successful operation and consistent expansion since its inception in 1980. The brand enjoys a high level of recognition. Franchises are also available in a wide variety of locations. Applebee's is an established brand that provides extensive training and support; franchisees also benefit from the highly developed domestic and international marketing and promotional effort.