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.
Which franchise was the cheapest to buy?
12 best low-cost franchises for aspiring business ownersCruise Planners. Franchise fee: $10,995. ... Fit4Mom. Franchise fee: $5,495 to $10,495. ... Chem-Dry. Franchise fee: $23,500. ... Jazzercise. Franchise fee: $1,250. ... Stratus Building Solutions. ... SuperGlass Windshield Repair. ... Mosquito Squad. ... Pillar to Post Home Inspectors.More items...•
How much can I make with a 7 11 franchise?
Is owning a 7-Eleven profitable? In terms of profit, 7-Eleven franchise owners can average $50,000 – $75,000 for their salary.
How much is it to buy a 7-Eleven franchise?
Your initial investment includes three major components: An initial franchise fee of $25,000. An inventory down payment between $20,000 and $40,000, plus an initial cash register fund. Land and building improvements, which vary by site.
Can I own a franchise on the side?
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.
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.
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.
What franchise can I open for 10K?
There are many franchise opportunities to invest in that don't require a huge initial investment....18 Affordable Franchises Under 10K in the U.S.Krispy Krunchy Chicken. ... Java Dave's Coffee House. ... Capriotti's Sandwich Shop. ... MOMLETA / Baby Boot Camp. ... Fit4Mom. ... Jazzercise. ... Social Owl. ... Fastest Feedback.More items...
What franchise is the most profitable to own?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
What is the number one franchise to own?
Top 100 Franchises 2022RankNameCountry1KFCUnited States of America27-ElevenUnited States of America3McDonald'sUnited States of America4Marriott InternationalUnited States of America16 more rows
How much money does it cost to open up a Chick Fil A?
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. We are in the restaurant industry - the quick-service restaurant industry, at that.
What is the total cost to start franchise?
How much does it cost to start your own franchise? Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
How much do franchise store owners make?
The average franchise owner in the United States makes around $75,000 to $125,000 a year. That's definitely much more than the average salary of a college undergraduate with less than five years of experience, or around $50,000.
How profitable is opening a franchise?
Buying a franchise might seem like easy money, but those royalties and fees will quickly cut into profit margins. The majority of franchise owners earn less than $50,000 per year.
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.
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.
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.
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 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.
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.
Is Red Robin a full service restaurant?
But it hadn’t always started as a full-service restaurant. Red Robin was once a bar named “Sam’s Tavern,” opened in the 1940s.
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 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.
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”.
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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