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
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 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 ...
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...
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.
See more
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.
Is Applebee's profitable?
Sales of Applebee's franchise restaurants in the U.S. 2009-2021. U.S.-based casual dining restaurant chain Applebee's reported sales amounting to 4.02 billion U.S. dollars from its franchise restaurants in the United States during the 2021 financial year.
Does Applebee's have franchise?
Are you interested in single or multiple restaurant development opportunities? Before submitting this Request for Consideration, please note that Applebee's Franchisor LLC (“Applebee's”) is only looking for potential franchisees that are interested in multiple restaurant development.
Is Applebees a chain or franchise?
Applebee's Restaurants LLC. is an American company that develops, franchises, and operates the Applebee's Neighborhood Grill + Bar restaurant chain.
How is Applebees doing financially?
As of May 2021, Applebee's saw a 122.1% growth in revenue.
Who owns Applebee's franchise?
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
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 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.
Is Dominos a franchise?
Domino's prides itself in building excellence around its team members and franchisees. Much of Domino's success has come from is franchise business model, which is an internally based franchise system.
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 Chipotle a franchise?
Because Chipotle does not franchise, all restaurants are owned and operated directly by the corporation itself.
Does Applebee's offer direct deposit?
They don't do direct deposit. Can be done by managers when you are hired, or changed through Portal later on.
Why is Applebees so popular?
Applebee's rose to popularity in the 1990s thanks to its affordable menu and popular items like buffalo chicken wings.
What is Applebee's known for?
Applebee's Neighborhood Grill and Bar is known for its meal deals and cheap cocktails. The chain's name comes from a phone book and the eatery was originally themed after a drugstore. The first location opened in Atlanta, Georgia. Visit Insiders home page for more stories.
What fast food restaurants are owned by the same company?
Brands, Inc. (or Yum!), formerly Tricon Global Restaurants, Inc., is an American fast food corporation listed on the Fortune 1000. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China.
Is brotzeit a franchise?
Brotzeit is one of the world's leading franchised German casual dining concepts, currently operating 13 outlets in five countries.
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.
Domestic Franchising Opportunities
Call U.S. home? Shoot us a message for potential franchising opportunities.
Non-Traditional Licensing Opportunities
Want to bring a neighborhood vibe and Applebee’s signature dishes to your venue? We’d be happy to talk to you.
International Franchising Opportunities
We've been franchising internationally for years and are always looking to grow our neighborhood around the world.
