How to open a BurgerIM franchise?
- Ensure you have adequate capitalization. In order to open the BurgerIM hamburger restaurant franchise, you must have a net-worth of $100,000.
- Appreciate the investment required for a restaurant franchise. ...
- Evaluate your prior experience and strengths. ...
- Assess market availability. ...
- Submit your application. ...
- Receive approval & opening your BurgerIM franchise. ...
Full Answer
How much does a Burgerim franchise cost?
$150,000 - $400,000What Does a Burgerim Franchise Cost? To buy a franchise with Burgerim, you'll need to have at least $50,000 in liquid capital and a minimum net worth of $100,000. Franchisees can expect to make a total investment of $150,000 - $400,000.
Is Burgerim a franchise?
Burgerim is an Israeli fast food hamburger franchise. Burgerim opened its first U.S. location in 2016 and rapidly grew to over 200 locations by 2019.
How much money do you need to invest in a 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.
Can you buy a franchise with no experience?
Most people don't realize that they can have all of this and more through their own franchise. The best part is that there is no experience or education necessary to owning your own franchise. The only thing that is required is a drive for success.
Can a franchise make you rich?
The bottom line is that while a franchise can make you independently wealthy, it isn't a guarantee. Choosing the right business in the right industry, and going in with preexisting entrepreneurial experience and/or existing wealth can help, but your income-generating potential may still be somewhat limited.
How do I own my own franchise?
How to buy a franchise, step by stepBe sure about your reasoning. ... Research which franchises you may want to own. ... Begin the application process. ... Set up your “discovery day” meeting. ... Apply for financing. ... Review and return your franchise paperwork very carefully. ... Buy or rent a location. ... Get training and support.
Do franchise owners take a salary?
Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
What is the best and cheapest franchise to open?
What are the cheapest franchises to buy?Cruise Planners. Franchise fee: $10,995. ... Jazzercise. Franchise fee: $1,250. ... Help-U-Sell Real Estate. Franchise fee: $15,000. ... United Country Real Estate. Franchise fee: $8,000 to $20,000. ... Stratus Building Solutions. ... Anago Cleaning Systems. ... JAN-PRO. ... Dream Vacations.
What happens if you buy a franchise and it fails?
Often the best answer to a franchise that is not succeeding is for the franchisee to sell the business to a third party who becomes the new franchisee for that territory. This allows the failing franchisee to terminate its obligations under the franchise agreement and under any lease.
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.
Can you live off a franchise?
Pro: You can earn a decent income You may not get rich, but chances are good you'll make a decent living. On average, franchise owners earn $60,000 a year, according to the jobs website CareerBliss. Of course, that means many franchise owners make more — and many make less.
What does Burgerim stand for?
This much we know: The brand was started in Tel Aviv in 2008, and the name is Hebrew for “many burgers.” The company specializes in small slider-type burgers with numerous options for patties. The chain soon eyed the U.S. for expansion. In 2012, a company called Burgerim Holdings opened a location in Los Angeles.
Who is the largest burger franchise?
McDonald'sThe largest burger chains in the U.S.RankChain name2019 U.S. units1McDonald's13,8465Burger King7,3467Wendy's5,85213Sonic Drive-In3,52622 more rows•May 13, 2020
Is Bob's burgers a franchise?
With the dawn of the new century, Bob's started a new chapter with the opening of the first franchised restaurants. Together they have continued to add new restaurants to the Bob's family, both family owned and franchised.
Is Burgerim black owned?
BurgerIM Sienna Plantation | Houston Black Owned Restaurant | HFTC.
What Makes Our Concept Different
At “Burgerim” you get 8 ounces (240g) of prime freshly ground meat divided in to three mini burgers which are easy to hold and can be customized to...
The Secret of Our Success
“Less is more”: in the same way that dynamite comes in small packages, we at “Burgerim” realize that smaller sized locations are best suited to our...
What We Offer You as A Franchisee
As a young and dynamic company, "Burgerim" understands the importance of ensuring the success of its franchise owners. When you invest in a "Burger...
What does a Burgerim Franchise Cost?
The Burgerim Franchise opportunity ranges from $150,000 to $400,000 and requires potential franchise owners to have at least $50,000 in liquid assets and a minimum net worth of $100,000.
Set a Standard of Excellence as a Burgerim Franchise Owner
Burgerim's expertise and experience accumulated over the past number of years is what has led to their winning business formula.
What Makes Our Concept Different
At “Burgerim” you get 8 ounces (240g) of prime freshly ground meat divided in to three mini burgers which are easy to hold and can be customized to suit different tastes.
Growth Strategy
In 2011, after the unmatched success and popularity of the first Burgerim restaurant, we began to sell franchise stores to prospective entrepreneurs. Within a period of less than 2 years, the chain expanded at an explosive rate to over 80 franchised restaurants.
Our Values
Honesty and Integrity - We believe in behaving honestly and with integrity in all interactions and dealings. Commitment – We are committed to do all we do passionately, especially when it comes to providing a unique and exciting dining experience for our customers Consistency – We will provide our customers with a popular selection of burger flavors and combinations that use high quality ingredients. Service Excellence – We are committed to providing the highest level of world class customer service and to achieving excellence every day. Quality and Freshness – We will only use fresh and high quality ingredients Leadership – We will lead with our innovative and high Quality food and the best customer service Team Work – We work together as a team to ensure we achieve our goals and joint success..
The Business Model
Our expertise and experience accumulated over the past number of years is what has led to our winning business formula.
What makes us STAND OUT?
Our stability and strong foundation is supported by our highly talented and experienced operations team. Our combined experience is in excess of 30 years, which means that our franchise support is not only based on our impressive academic studies in management and marketing, but also from years of “hands on” experience.
2. Develop a solid business plan for your potential restaurant franchise
You’ve decided on a restaurant franchise and you’ve realized how much money you’ll need to put down to get started. But your research isn’t over yet. When you start applying for loans, you’ll want to make sure you’re completely prepared.
3. Do your research on banks and credit unions in your area
Take a look at the different loan options being offered by banks and credit unions in your area. Keep in mind that the best option for you may not be at your personal bank. Before you walk into an appointment, make sure you have all of your financial information prepared to make the process easier.
4. Consider other sources for loans
If you are having trouble securing a loan, you may be able to acquire one through a specialized program. These include the Small Business Administration (SBA), which provides loans through participating financial institutions or the Department of Veterans Affairs, which offers loans to active-duty military and spouses or survivors of veterans.
Our Story
We have already established ourselves in over 16 countries across the world with over 200 locations worldwide.The fact is,our brand is hitting America and now is the perfect opportunity to get involved; the franchise fees are extremely low at this point, with a total investment of a half or less of our competitors total investments to get started.
Ready to Take Hold of Your Future?
As a young and dynamic company, "Burgerim" understands the importance of ensuring the success of its franchise owners. When you invest in a "Burgerim" franchise, you can be rest assured that you will enjoy the best possible support of a strong corporate team.
Ideal Candidate
We're looking for franchise owners who are outgoing and have sales, marketing, and/or management experience, and who are results oriented. A person who can build relationships, lead a team, and who has the motivation to excel! You must have a minimum of $50k in liquid capital, and be ready to make a full- time commitment.
Related
Burgerim is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $30,000 .
How much does a Burgerim franchise make?
Franchise revenue and profits depend on a number of unique variables, including local demand for your product, labor costs, commercial lease rates and several other factors. We can help you figure out how much money you can make by reviewing your specific situation. Please unlock this franchise for more information.
How many franchise locations do they have?
As of the 2019 Franchise Disclosure Document, there are 109 franchised Burgerim locations in the USA.
Do they offer Territory Rights?
Burgerim offers territory protections. For an explanation of territorial rights, unlock this franchise for important details.
When did they begin franchising?
They began franchising in 2015. The average Burgers franchise began franchising in 2008.
What does Burgerim mean?
Burgerim is Hebrew for "multiple burgers." Burgerim franchise offersl gourmet burgers custom made to satisfy any craving. It is a lower cost Burger franchise in the QSR and fast casual space.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
