how much robin franchise

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%

Full Answer

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

How much money can you make owning a Baskin Robbins?

2019-2020 Franchise Average Net Sales: $419,003 1- Based on a midpoint investment of $358,085 with estimated profits of $41,900 at a 10% profit margin it would take about 10 years to recoup your investment.

How much does a franchise owner make?

Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000.

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.

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.

What franchise is the most profitable?

Most Profitable FranchisesAnytime Fitness. Anytime Fitness is a popular gym brand with a low-cost investment and high revenue potential. ... McDonald's. McDonald's franchise program is one of the most established in the fast food industry. ... UPS Store. ... Jersey Mike's Subs. ... Dunkin' ... Sport Clips. ... 7-Eleven. ... Papa John's.

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.

What is the cost of a Subway franchise?

How much is the franchisee fee? The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.

Is owning a franchise a full time job?

Buying a franchise doesn't have to mean making a full-time commitment. Believe it or not, there are many franchises that can be run on a part-time basis, especially when you first start out.

What is the most profitable franchise to own in 2022?

Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•

Is it smart to buy a franchise?

If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.

What is the royalty fee for Baskin-Robbins?

Ongoing fees As with most franchises, Baskin-Robbins will require you to pay an ongoing franchise royalty fee, which is a percentage of your store's sales. The fee is 5.9% of gross sales, which you'll pay out to your corporate partner at predetermined time increments (generally monthly or quarterly).

How much is a 31 flavors franchise?

Start your business! Baskin-Robbins is a globally operating ice cream franchise known for having 31 flavor options at each location....Facts & Figures.Liquid capital required$125,000Net worth required$250,000Investment$90,985 - $625,185Franchise fee$12,500 - $25,000Royalty5.9%4 more rows

How much does it cost to open a Haagen Dazs?

How much does a Häagen-Dazs® Franchise cost? Our initial franchise fee is $30,000. The investment range detailed in our Franchise Disclosure Document (FDD) has a midpoint investment cost of about $378,643.

Does Baskin-Robbins make their own ice cream?

Baskin-Robbins used to make its own ice cream, but all of the manufacturing operations for North American shops have since been outsourced to Dean Foods.

How Much Does A Red Robin Franchise Cost?

Consumers can’t say no to juicy, smokey, and flavorful burgers. The reason why burger joints are sprouting like mushrooms left and right. For restaurateurs, running a casual burger joint promises a lucrative return. If you’ve been looking to have a massive slice of the pie from this industry, franchising is your best bet. While many up-and-coming restaurateurs eye on burger chains, there is one that stands out as a gourmet burger chain in America. And that is Red Robin.

How long is franchise training?

The training for new franchisees is composed of two parts. One is a six-week program where they would train for about 45 – 50 hours per week. The second part is a two-day workshop, typically held in major markets.

What is The Real Cost of A Lemonshark Poke Franchise?

However, other fast-casual restaurants may also have a place and opportunity to become an investment in the long run. One of them is LemonShark Poke, self-dubbed as a “fine casual” offering healthier food options for consumers needing a quick bite.

What is the second type of franchise training?

The second type of training that franchisees have to undertake is the School of Team Member Excellence. This is the training program for rank-and-file employees such as bartenders, servers, hosts, bussers, and cooks.

How many owners and managers are required to complete the Phase I and II training?

A minimum of one owner or manager must attend the Phase I and Phase II training programs and complete both satisfactorily. Moreover, the owner and manager must attend the Phase II training program and complete it according to the franchisor’s satisfaction. The requirements for the training may vary according to the participant’s experience.

Does franchising cover the initial cost?

The franchisor may cover a percentage of the initial franchise cost. This will depend on the franchisee’s creditworthiness and other collateral presented to secure financing.

Who supervises Red Robin?

Under the FA, the Operating Partner and Managing Principal must ensure that they supervise the Red Robin restaurant daily. Furthermore, if the franchise is an entity, the franchisee must identify at least one of their owners. This person should have the decision-making influence to act as the Managing Principal. Moreover, he must also have a 10 percent ownership interest. Not to mention, the franchisor calls the shots on what menu items and other products the franchisee must offer.

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.

How many sq ft is a Baskin Robbins franchise?

These can be freestanding, end-cap, or in-line configurations. A typical traditional Baskin-Robbins location is 800 to 1,500 sq. ft. with approximately 20 feet of frontage.

How much does it cost to open a Baskin Robbins ice cream franchise?

The estimated initial investment required to open a Baskin-Robbins ice cream franchise is $94,350 to $402,200, including an initial franchise fee of $25,000. Baskin-Robbins franchise owners must pay a 5.9% royalty on monthly gross sales as well as contribute a 5% advertising fee toward the franchisor's marketing program.

How many Baskin Robbins locations are there?

Baskin-Robbins now has approximately 8,000 locations throughout 50 countries. 100 percent of the locations are franchised.

What is the name of the ice cream chain that has 31 flavors?

Baskin-Robbins is a globally operating ice cream franchise known for having 31 flavor options at each location. In addition to traditional ice cream, the chain offers ice cream cakes for various occasions. The famous "31 flavors" slogan came from the idea of being able to have a different flavor on every day of the month. Baskin-Robbins is a part of the Dunkin' corporate umbrella and has many shared locations co-branded with Dunkin' (previously known as Dunkin' Donuts).

What is the common theme of Baskin Robbins?

The common theme is that all these locations attract significant foot traffic from Baskin-Robbins' target customer demographic.

When did Baskin Robbins start franchising?

By 1948 , there were six open locations, and in the following year, Baskin-Robbins began franchising. Shortly prior to the passing of Burt Baskin, the franchise chain was acquired by United Brands Company in the late 60's, and later purchased by J. Lyons and Co. in the 70's.

Is Baskin Robbins a franchise?

Baskin Robbins is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $150,000 .

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.

Does Franchise Direct sell your information?

Franchise Direct's reputation for integrity in the franchise industry has been established over our 20+ years in business. We NEVER sell your information or share it with anyone other than the companies from which you have requested information. Please view our privacy policy.

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.

How much money do you need to open a Baskin Robbins franchise?

Ensure you have adequate capitalization. In order to open a Baskin-Robbins franchise, you must have a net worth of more than $93,000. Appreciate the investment required for a franchise. Evaluate your prior experience and strengths.

Where is Baskin Robbins located?

Baskin-Robbins is an American chain of ice cream and cake specialty shop restaurants. Based in Canton, Massachusetts, it was founded in 1945 by Burt Baskin and Irv Robbins in Glendale, California.