How much does a Moe's Southwest Grill franchise cost?
- Initial Franchise Fee: $30,000
- Total Investment: $457,400 to $911,500
- Working Capital: $25,000 to $50,000
- Royalty Fee: 5.0%
How much does it cost to buy a Moe's franchise?
Moe's Southwest Grill Franchise Costs & FeesName of FeeLowHighInitial Franchise Fee$30,500$30,500Construction and Build Out Costs$275,000$935,000Permitting$1,700$2,500Equipment Package$79,000$127,00019 more rows
How much does a Moe's franchise owner make?
Moe's Southwest Grill Owner Operators earn $45,000 annually, or $22 per hour, which is 29% lower than the national average for all Owner Operators at $60,000 annually and 38% lower than the national salary average for all working Americans.
How much net worth do you have to have to open a Moe's?
Facts & FiguresLiquid capital required$30,000Net worth required$250,000Investment$60,000 - $100,000Franchise fee$10,000Units in operation12
How much money do you need to open a Chipotle franchise?
Estimated Chipotle Franchise CostType of ExpenditureEstimated AmountLowHighChipotle Franchise Fee (if they franchised)$20,000$25,000Real Estate Purchase or Lease(may vary substantially based upon the location)Site Preparation and Completion Costs$150,000$400,00011 more rows•Jul 19, 2022
How do I open a Moe's?
To buy a franchise with Moe's Southwest Grill, you'll need to have at least $150,000 in liquid capital. Franchisees can expect to make a total investment of $400,000 - $500,000. They also offer financing via 3rd party as well as a discount for veterans (10% Military Discount off Franchise Fee).
Is Moes a corporate or franchise?
Like fellow local restaurants, Moe's franchisees take pride living, working and caring for the community in which their family, friends and neighbors live – where you live. It is our honor to recognize the work that our franchisees are doing to help their communities survive and thrive during these unprecedented times.
How much is Chipotle net worth?
With more than 2,000 locations, Chipotle had a net income of US$475.6 million and a staff of more than 45,000 employees in 2015....Chipotle Mexican Grill.TypePublicTotal assetsUS$6.65 billion (2021)Total equityUS$2.30 billion (2021)Number of employees97,660 (December 2021)16 more rows
Who owns Moe's Southwest Grill?
Focus BrandsMoe's Southwest Grill / Parent organizationFocus Brands is an American company that is an affiliate of the American private equity firm Roark Capital Group that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. It is located in Sandy Springs, Georgia, and operates over 5,000 stores. Wikipedia
Is Qdoba a franchise?
Franchise Description: The franchisor is Qdoba Restaurant Corporation. The franchisor grants franchises for the operation of quick-service or fast-casual Mexican restaurants under the service mark “Qdoba,” and variations on that mark.
What franchise makes the most money?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
How much is 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 McDonald's franchise cost?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
Can you buy Chipotle franchise?
As of 2022 all Chipotle Mexican Grill restaurants are company-owned and the company doesn't offer franchising at this time. For the reason that you can't open a Chipotle fast food restaurant, please visit our franchise directory where are a lot of relevant franchises to view.
How much do franchise owners 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.
How much money does it take to open up a Chick Fil A?
Some things you should expect While operating a Chick-fil-A restaurant requires a relatively modest $10,000 initial financial commitment ($15,000 CAD in Canada), it requires a holistic commitment to own and operate the business in a hands-on manner.
How much is a 5 Guys franchise?
between $152,600 and $360,300The total minimum investment needed in order to be considered for a Five Guys franchise is between $152,600 and $360,300 which requires a $25,000 initial franchising fee, and a twenty year agreement term. The Five Guys Burgers and Fries restaurant opened in 1986, and began offering franchise opportunities in 2002.
How many locations does Moe's have?
Or maybe it's the laid-back vibe and signature "Welcome to Moe's " greeting our customers hear each time they walk through the door. Regardless of the reason behind the popularity of the brand, it works - and now, after being purchased by FOCUS Brands, Inc., in August 2007, Moe's has more than 370 locations across the country with plans to grow domestically and internationally. As a testament to the wild popularity of the brand, Moe's was named the #1 fast-casual chain based on change in system-wide sales by QSR magazine and the #2 fast-casual chain under 300 units in 2006.
When was Moe's Southwest Grill opened?
In December of 2000 in Atlanta, Ga. a handful of local entrepreneurs created Moe's Southwest Grill in the spirit of not-taking-yourself-too-seriously with menu names like the Homewrecker burrito, Closetalker salad and the Billy Barou nachos as well as a store design that includes abstract artwork with tongue-in-cheek sayings.
Who is the president of Moe's Southwest Grill?
Moe's Southwest Grill Appoints Erik Hess as Brand President#N#Erik Hess joins the Moe's Southwest Grill brand with more than 25 years of global experience in the food and beverage industry specializing in business strategy, consumer insights and improving operations. Hess will be leading as President of the Moe's brand, a fast-casual Mexican concept with more ...
About Us
Our passion for fun and flavor makes us the go-to brand for those who crave adventurous, authentic Southwest flavors. Moe’s Southwest Grill™ was made #2 on the 2019 Harris Poll: Top Mexican Chains, and with more than 650+ restaurants in the United States and abroad, we have a lot more room to grow.
Location, Location, Location
We understand the importance of location as it is the best way to get people through your doors. Our dedicated real estate team will be there for you to provide real estate selection assistance and support.
Supporting Your Franchise Business
An experienced bench of experts at Moe's and Focus Brands are here to support your franchised business with real estate selection assistance, consumer insights analytics, marketing strategy, and so much more!
Our Ideal Candidate
Moe's franchisees take pride in working in their communities. They're fun-loving, people-driven, and energetic, always eager to help their friends and neighbors. Our ideal franchise owners also have the following:
What is a Moe's Southwest Grill?
The Moe's Southwest Grill franchise is a fast-food restaurant which offers fresh-mex and southwestern food dishes, other food products and beverages, and related services.
What are the requirements for a franchise?
Franchisees must appoint a primary contact who will be responsible for, and have decision-making authority regarding, the restaurant and its operation. During the first 90 days after franchisees open their restaurant, they must have two certified managers who are dedicated to the restaurant, one of whom may also be the primary contact. After the first 90 days of operating the restaurant, franchisees must at all times have at least one certified manager dedicated to the restaurant. Franchisees may offer in the restaurant to customers only the approved products that the franchisor has approved in writing. Franchisees must produce and sell all approved products the franchisor specifi es, including all menu items, trademarked product lines, and other products and services that the franchisor requires franchisees to sell, as stated in the manuals or otherwise, which are all part of the system.
What does a franchisee have to sell?
Franchisees must produce and sell all approved products the franchisor specifies, including all menu items, trademarked product lines, and other products and services that the franchisor requires franchisees to sell, as stated in the manuals or otherwise, which are all part of the system.
What is a territory granted in a franchise agreement?
Territory Granted:The restaurant may only be operated at the accepted location. During the term of the Franchise Agreement, we will not establish or operate, nor license any other person to establish or operate, a restaurant operating under the proprietary marks and the system at any location within the area of protection, except in captive audience locations, delivery kitchens, and as otherwise provided in the Franchise Agreement. Franchisees may receive a territory with limited protected rights (area of protection). The size and scope of the area of protection will be in the Franchise Agreement and will be determined on a case-by-case basis. The factors the franchisor considers in determining the size of an area of protection include current and projected market demand, demographics and population, median household income, presence of other businesses, location of competitors, traffic patterns, access and visibility, location of other restaurants, the franchisor’s future development plans and other market conditions. However, there is no minimum area of protection for a restaurant, if the franchisor grants franchisees one. If the franchisee is not granted an area of protection, the franchisee will not receive a protected territory.
How many hours of training do franchisors need?
Currently, the management training program consists of approximately 40 classroom hours and 170 on-the-job hours. In addition to completing the management training program, the franchisor also recommends that at least one of the managers attend the opening of another franchisee’s restaurant before they open their first restaurant. Approximately seven days after they obtain the Certificate of Occupancy for their first three restaurants, the franchisor will provide franchisees, at the restaurant, one or more of its representatives to facilitate the opening of such restaurants. The franchisor may, from time to time, conduct conferences, conventions, programs, webinars, teleconferences, or training sessions on any matters related to the system.
How much of franchise sales must be spent on local market advertising?
Each calendar quarter, franchisees must spend not less than 2% of net sales on local market advertising.
How long is the franchise agreement?
Term of Agreement and Renewal:The length of the initial franchise term is 20 years. One 20-year renewal term is available if franchisees comply with the franchisor’s renewal requirements.
Investment Level Analysis
See how the investment level of Moe's Southwest Grill's compares to those of other available food & restaurant related franchises.
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