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.
Can I franchise 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.
How do I become a Red Robin franchise owner?
How to open a Red Robin franchise?Ensure you have adequate capitalization. ... Appreciate the investment required for a restaurant franchise. ... Evaluate your prior experience and strengths. ... Assess market availability. ... Submit your application. ... Receive approval & opening your Red Robin franchise.
Is Red Robin corporate or franchise?
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.
How many Red Robin locations are there?
We operate over 546 restaurants across the United States and in British Columbia, Canada.
Why is Red Robin stock so low?
Shares of Red Robin have plunged 52.6% in the past three months compared with the industry's 1.8% fall. The dismal performance was primarily caused by the coronavirus crisis. Notably, pandemic-induced staffing challenges and supply chain disruptions had taken an enormous toll on the company.
What is Red Robin's catchphrase?
We do the right thing. The right way. No matter what.
Who is the CEO of Red Robin?
Paul J B Murphy III (Oct 3, 2019–)Red Robin / CEO
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 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 ...
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.
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.
When did Sam's Red Robin start franchising?
In 1969, Gerry Kingen bought a restaurant named Sam’s Red Robin, soon dropping the word “Sam” from the title. Ten years later, the restaurant started franchising, beginning in Washington and expanding around the northwest.
What are the charities that Red Robin works for?
Five of the charities it collaborates with are Special Olympics, National Center for Missing and Exploited Children, U-ACT Program, Denver Kid, Inc., and Red Robin Foundation.
What is Red Robin famous for?
Red Robin is a casual dining restaurant famous for its gourmet hamburgers and bottomless steak fries. The restaurant operates under its four cornerstones: Values, People, Burgers, and Gift of Time. Though burgers are definitely the go-to item on the menu, there are plenty of other options to appeal to every member of the family including appetizers ...
What is Red Robin's loyalty program?
Red Robin has a “Red Royalty” customer loyalty program. Card-holding customers receive a free hamburger on their birthdays, a tenth entrée free (after buying nine entrees), and other special offers throughout the year. Red Robin strives to engage with and help the communities it serves. Five of the charities it collaborates with are Special Olympics, National Center for Missing and Exploited Children, U-ACT Program, Denver Kid, Inc., and Red Robin Foundation. Red Robin also develops on-site fundraisers with local schools in which Red Robin kicks back a percentage of the profits it earns.
Is Red Robin a franchise?
While the majority of the locations are owned by Red Robin itself, nearly one-third of the Red Robin restaurants are franchised.
About Franchise
Red Robin International, Inc is the franchisor. The franchisor sells business to operate one or few Red Robin restaurants. Red Robin restaurants is full-service casual dining that offers a variety of customizable burgers in a fun atmosphere catering to guests of all ages.
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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”.
How much money do you need to be a Red Robin?
The current net worth requirement to become a Red Robin franchisee is greater than $100,000.
How many Red Robin locations are there?
At the end of 2018, there were 554 Red Robin Locations. 89 of these units were franchised and 465 units were company owned. Here is what the unit location counts have looked like for the past couple years:
How long does a franchise agreement last?
The term for the franchise agreement is 20 years from the date the Franchise Agreement is signed. There is no right to renew the term of the Area Development Agreement or Franchise Agreement.
What is the maximum fee for regional advertising?
The maximum fee paid to the regional and local advertising cooperatives is a maximum of 1.5% of gross sales. This amount is credited against local advertising requirement. Contributions to regional or local advertising cooperative are credited toward your obligations to your local advertising spend requirement.
About Red Robin Gourmet Burgers
Red Robin Gourmet Burgers, Inc, a casual dining restaurant chain founded in 1969 that operates through its wholly-owned subsidiary, Red Robin International, Inc., and under the trade name, Red Robin Gourmet Burgers and Brews, is the Gourmet Burger Authority™, famous for serving more than two dozen craveable, high-quality burgers with Bottomless Steak Fries® in a fun environment welcoming to guests of all ages.
Available Franchise Opportunities
While Red Robin Gourmet Burgers is not currently accepting new applicants on Franchising.com, these other similar opportunities are actively looking for new franchisees.
Where the Red, Red Robin Came From
Red Robin started as Sam’s Tavern, located near the University of Washington, in the 1940’s. The owner, Sam, was said to have belonged to a barbershop quartet that loved singing “When the Red, Red Robin (Comes Bob, Bob, Bobbin’ Along).” Because of his love of the song, he eventually renamed his tavern Sam’s Red Robin.
Starting a Red Robin Franchise
It is understandable that the difference in startup costs between counter-service restaurants and casual dining restaurants would be fairly significant. After all, they usually require more space, equipment, seating, etc. to run their show.
Predicting Your Success Based on Statistics
When deciding which franchise to purchase, it’s important to consider all sides of the investment, however, some factors carry more weight than others.
Deciding If Red Robin is a Good Fit
There’s a lot of pressure involved in opening a casual dining franchise. Customers have come to know what it is about a particular restaurant that they love and what keeps them coming back, so it is very important that your location lives up to those standards.