How much does a Red Robin franchise cost?
- Initial Franchise Fee: $35,000
- Total Investment: $1,865,000 to $4,115,000
- Working Capital: $100,000 to $200,000
- Royalty Fee: 5.0%
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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.
How much is it to start a Red Robin franchise?
Red Robin Franchise Costs & FeesName of FeeLowHighInitial Franchise Fee$35,000$35,000Real EstateVariableSmall wares & Supplies (e.g. dishes, silverware, other utensils; paper, cleaning, & office supplies etc.)$40,000$50,000Initial Inventory$25,000$35,00010 more rows
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.
When was the first Red Robin opened?
September 1969, Seattle, WARed Robin / Founded
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.
Who is the CEO of Red Robin?
Paul J B Murphy III (Oct 3, 2019–)Red Robin / CEO
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.
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
How old is Tim Drake as Red Robin?
By the time Tim becomes Red Robin, he is still 17, but soon to be 18. Flashpoint happens before Tim reaches the age of 18, though. Things are mostly unproblematic, but the fact that DC tells us that Tim is 17-years-old both before and after 52 stands out as a red flag.
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 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 ...
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.
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 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.
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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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.
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.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
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.
When did they begin franchising?
They began franchising in 1979. The average Burgers franchise began franchising in 2008.
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”.
