How much does a Fazoli's franchise cost?
- Initial Franchise Fee: $30,000
- Total Investment: $558,000 to $1,339,000
- Working Capital: $60,000 to $120,000
- Royalty Fee: 4.0%
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How much does a Fazoli's franchise owner make?
$1,566,733 Average Net Revenue * As shown in Item 19 of the current Franchise Document of Fazoli's Franchising Systems, LLC, for the period ending December 28, 2021. There is no assurance that a franchisee of Fazoli's will sell or earn as much.
How much does it cost to own a Fazolis?
To buy a franchise with Fazoli's, you'll need to have at least $500,000 in liquid capital. Franchisees can expect to make a total investment of $800,200 - $1,298,818. Fazoli's charges a franchise fee of $40,000. They also offer a discount for veterans ($500 in free accessories with $10,000 opening mattress purchase.).
Is Fazoli's a good franchise?
Fazoli's offers an exceptionally lucrative and exciting franchising opportunity. By joining the family, you become part of a nationally recognized brand. As a premium quick-service restaurant (QSR), the brand prioritizes quality in everything they do: food, presentation, customer service, and restaurant décor.
How many Fazolis are franchised?
President Doug Bostick announced today that the iconic Italian brand signed 13 franchise area development agreements in the first quarter of 2022 for 45 locations, increasing Fazoli's unit count to over 250 once development is complete.
Where is Fazoli's headquarters?
Lexington, KYFazoli's / Headquarters
How many locations does Fazoli's have?
Fazoli's is an American fast casual restaurant chain headquartered in Lexington, Kentucky. It was founded in 1988 and is now owned by FAT Brands. As of November 2021, there are 220 Fazoli's located nationwide....Fazoli's.Trade nameFazoli'sWebsitefazolis.com12 more rows
Is Fazoli's making a comeback?
This is where the first new restaurant will open. Fazoli's fans have been eagerly awaiting the return of the fast-casual Italian restaurant following its March 2022 promise to bring the chain back to metro Phoenix.
What happened to Fazoli's in AZ?
Over a decade later, Fazoli's will return to the Valley thanks to Kind Hospitality. CEO and President Nava Singam recently inked a multi-unit franchise deal with Fazoli's, with intentions to open nine stores by the end of 2024. The first location is scheduled to open this fall.
Who owns Fazoli's?
FAT BrandsDuskin Co., Ltd.Sun Capital PartnersSentinel Capital PartnersFazoli's/Parent organizations
Who bought Fazoli's?
FAT BrandsFAT Brands announced on Thursday the completion of its pending acquisition of Fazoli's from funds under management by Sentinel Capital Partners for $130 million. The acquisition marks FAT Brands' debut into the Italian quick-service dining category.
Who is the CEO of Fazoli's?
Carl Howard (Jun 2008–)Fazoli's / CEO
About Franchise
The QSR industry is a very crowded space filled with burgers, chicken and tacos. So, how do you stand out? Well, by eliminating the competition altogether and creating your own category. At Fazoli’s, the premier QSR Italian concept, we do things differently. It starts with offering what we call the elevated QSR experience.
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How much does a Fazoli franchise cost?
How much does a Fazoli's franchise cost? Fazoli's has a franchise fee of up to $30,000, with a total initial investment range of $558,000 to $1,339,000. Royalty Fee: 4.0%.
How many franchise locations do they have?
As of the 2015 Franchise Disclosure Document, there are 164 franchised Fazoli's locations in the USA.
When did they begin franchising?
They began franchising in 2006. The average Pizza franchise began franchising in 2006.
What is the franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
What is royalty fee for franchise?
This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
How long is a franchise agreement?
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
What is the purpose of royalty fee?
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
