how to open a cheesecake factory franchise

Starting a Cheesecake Factory – Sample Business Plan Template

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Is Cheesecake Factory a good place to work?

February 14, 2019. The Cheesecake Factory Incorporated has been recognized as one of the FORTUNE 100 Best Companies to Work For for the sixth consecutive year, according to global research and consulting firm Great Place to Work and FORTUNE. The Cheesecake Factory ranked 25 on the list, which recognizes companies with a strong culture, determined in large part by an anonymous employee survey that measures more than 60 attributes including engagement, camaraderie, leadership effectiveness ...

What benefits does The Cheesecake Factory offer?

The Cheesecake Factory Benefits

• All Employees
• Contract
• Freelance
• Intern
• Part Time
• Full Time
• Temporary

Is the Cheesecake Factory too expensive?

The Cheesecake Factory is mall food on steroids. Everything is bigger and extravagant, from the signature sugar-bomb desserts to calorie-loaded main dishes that barely fit on the tables. The chain restaurant is also pricier than more middle-of-the-road establishments like Chili’s or Olive Garden. Entrees tend to run from about $15 to $21, while fajitas at Chili’s can be had for a cool $13.

How much does a Cheesecake Factory make?

The average sales per location of The Cheesecake Factory amounted to approximately 7.8 million U.S. dollars. This reflects a 27 percent decrease over the previous year. You need a Single Account for unlimited access. Add this content to your personal favorites.

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How much does it cost to buy a Cheesecake Factory franchise?

It cost $256,000 to open that first restaurant. Today it costs $6.5 million to $7.5 million to open a new Cheesecake Factory (CAKE).

Is Cheesecake Factory a chain or franchise?

Thank you for your interest in The Cheesecake Factory Incorporated. Our full-service restaurants in the United States and Canada are Company-owned and operated. We currently do not franchise or joint venture domestically and have no plans to do so in the future.

Does Cheesecake Factory make money?

California-based full-service restaurant (FSR) chain The Cheesecake Factory generated approximately 2.93 billion U.S. dollars in revenue worldwide in 2021....Revenue of The Cheesecake Factory worldwide from 2009 to 2021 (in billion U.S. dollars)CharacteristicRevenue in billion U.S. dollars20192.4820182.3320172.2610 more rows•Jun 9, 2022

How much is the owner of Cheesecake Factory worth?

The estimated Net Worth of David Overton is at least $113 Million dollars as of 22 February 2021. Mr. Overton owns over 320,000 units of Cheesecake Factory stock worth over $93,961,127 and over the last 19 years he sold CAKE stock worth over $11,913,704.

Who is Cheesecake Factory competitors?

The Cheesecake Factory competitors include Five Guys Burgers & Fries, P.F. Chang's, BJ's Restaurants, California Pizza Kitchen and Maggiano's. The Cheesecake Factory ranks 1st in CEO Score on Comparably vs its competitors.

What is the cost of McDonald's franchise?

Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.

Do servers make good money at Cheesecake Factory?

How much does a Server make at The Cheesecake Factory in the United States? Average The Cheesecake Factory Server yearly pay in the United States is approximately $34,088, which is 23% above the national average.

Does Cheesecake Factory use frozen food?

The cheesecakes are pre-made and frozen. They're made in a central, corporate-run kitchen and then frozen to be shipped to locations all over. "They take about an hour to two to defrost," one Redditor explained. "They leave them in the showcase all day so they are defrosting and staying chilled.

Where is the busiest Cheesecake Factory?

Busiest Cheesecake Factory in the World! - The Cheesecake FactoryUnited States.Hawaii (HI)Oahu.Honolulu.Honolulu Restaurants.The Cheesecake Factory.

How much does The Cheesecake Factory CEO make?

Compensation by CompanyName And TitleTotal CompensationDavid Overton Chairman of the Board and Chief Executive OfficerTotal Compensation $7,375,204 View detailsDavid M. Gordon President, The Cheesecake Factory IncorporatedTotal Compensation $2,635,538 View details3 more rows

What chain owns Cheesecake Factory?

The company operates 220 full-service restaurants: 206 under The Cheesecake Factory brand, 13 under the Grand Lux Cafe brand, and one under the RockSugar Southeast Asian Kitchen brand....The Cheesecake Factory.TypePublicFounderDavid OvertonHeadquartersCalabasas, California , U.S.Number of locations308 (2021)15 more rows

Is Cheesecake Factory stock a buy?

The Cheesecake Factory Incorporated holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

What chain owns Cheesecake Factory?

The company operates 220 full-service restaurants: 206 under The Cheesecake Factory brand, 13 under the Grand Lux Cafe brand, and one under the RockSugar Southeast Asian Kitchen brand....The Cheesecake Factory.TypePublicFounderDavid OvertonHeadquartersCalabasas, California , U.S.Number of locations308 (2021)15 more rows

Who owns the Cheesecake Shop?

River CapitalAussie based investment River Capital has entered into an agreement to acquire The Cheesecake Shop Group (TCS) for an undisclosed amount from existing owners PAG Asia Capital. The existing TCS management team has retained a shareholding in the business, ensuring a smooth transition and continuity of operation.

How many locations does Cheesecake Factory have?

We currently own and operate 312 restaurants throughout the United States and Canada under brands including The Cheesecake Factory®, North Italia® and a collection within our Fox Restaurant Concepts business. Internationally, 29 The Cheesecake Factory® restaurants operate under licensing agreements.

How much is a Chili's franchise?

The estimated initial investment required to open a Chili's Grill & Bar franchise is $2.6 million to $4.0 million, including a franchise fee of $40,000 - $60,000.

What is The Cheesecake Factory and what services does it provide?

The Cheesecake Factory was set up by Oscar and Evelyn Overton in 1972 as a business to business operation, producing and supplying cheesecakes and other desserts to foodservice businesses, retailers and restaurants in Los Angeles, USA.

What percentage of sales does the company’s cheesecake represent?

In 2018, this was around 16 per cent in The Cheesecake Factory’s company-operated restaurants. In comparison, alcohol sales in the same establishments represented around 12 per cent of sales in the same year.

How does The Cheesecake Factory franchise model work?

While all its restaurants in the US and Canada are company-owned, The Cheesecake Factory franchises its concept internationally via a licensing agreement, where operators invest money in building and running an agreed number of Cheesecake Factory restaurants using the company’s brand name, proven systems, business know-how and supply chain.

How does The Cheesecake Factory make money from its overseas Licence holders?

The company charges initial development fees, site and design fees and levies a royalty charge based on licensees’ restaurant sales. Licensees must also agree to purchase all bakery products from The Cheesecake Factory. In return, licensees receive full initial and ongoing training in how to run the business, access to the company’s systems and infrastructure, plus extensive initial and ongoing support.

What skills and experience do you need to become a Cheesecake Factory licence holder?

This is not unusual with established franchise brands, as partners need to be chosen carefully in order to uphold the good name of the business, which in many cases has been built over a number of years.

What are the requirements for a cheesecake factory license?

According to The Cheesecake Factory, potential licensees must be able to demonstrate they have sufficient funds to develop the business in the chosen region in line with the targets set in the licence agreement. They must also have an established business structure, expertise in multiple countries, experience in operating similar casual dining restaurants and sound governance practices.

How many restaurants does the Cheesecake Factory have?

The agreement in place for Asia includes restaurant development in China, Hong Kong, Macao and Taiwan. In total, The Cheesecake Factory currently has 22 restaurants operating in these territories.

When did the Cheesecake Factory open?

The Cheesecake Factory created the upscale casual dining segment in 1978 with the opening of our first restaurant in Beverly Hills, CA. And even with over 145 restaurant locations now in the U.S., we're just as original today as we were when we first opened!

How many restaurants will be built in 2016?

This agreement provides for the development of 22 restaurants by 2016 in five countries – United Arab Emirates, Kuwait, Bahrain, Qatar and the Kingdom of Saudi Arabia – with the opportunity to expand the agreement to include other markets in the Middle East and North Africa, Central and Eastern Europe, Russia and Turkey.

What does it mean to start a cheesecake factory?

Starting a cheesecake factory means that you will be into wholesale distributions of cheesecake in your community or nation wide depending on the vision you have for your business. Here are some helpful tips that will guide you to launch your own cheesecake factory from the scratch, in any location of your choice and then grow ...

Where to spend startup capital?

One of the major areas where you will spend the bulk of your startup capital is in securing a facility that you will use for your cheesecake factory. No doubt properties are expensive not just in the united states, but also in most parts of the world.

What is a good business plan?

One key thing about a good business plan is that it should provide a clearer picture of how you intend to run your business. It is important to note that a good business plan should be flexible – there should be room for adjustment as you progress with the business. 3. Raise Your Startup Capital.

Do you have to consult a real estate agent to get a good facility in a nice location?

So ensure that you consult your real estate agent to help you get a good facility in a nice location, a property that fits into you budget. If you live in country where zoning law is in place, then you must confirm with your local authority to be sure that the facility you choose to lease or purchase falls within the zone allocated for cheesecake factories.

Is cheesecake industry regulated?

Lastly, it is important to state that the food industry is one industry that is highly regulated by the health department of the government of any country. So ensure that your cheesecake factory conforms to the hygiene standard of the food industry.

Do you need money to lease a factory?

As a matter of fact, you would need money to lease or acquire a facility for your factory, you would need money to buy industrial ovens and other equipment, you would need money to buy the raw materials that you would use in your factory and you would need money to purchase delivery vans.

Is it a decision to start a business?

Starting a business is not a decision that one makes just within the blink of an eye without prior knowledge of some or all it takes to launch such business. There is something most successful entrepreneurs have in common; they ensure that they counted the cost of launching their own business before they committed their money and time.

When was the cheesecake shop founded?

The Cheesecake Shop started in 1991 from a small family owned cake shop in Sydney. One generation later and The Cheesecake Shop has grown into a household name with over 220 stores across Australia and New Zealand. Our purpose is to help families, friends, communities and workplaces celebrate life’s events.

Do you have to be in your store to be a franchisee?

You need to be in your store a lot. The shop’s generally do not work well if you expect to be a hands-off or part-time manager. Experienced franchisees with good people skills can reduce their hours, and in many cases purchase a second store, but this usually takes a few years.

What is a cheesecake shop?

The Cheesecake Shop. The Cheesecake Shop is a successful franchise system with stores in all states and territories in Australia. Their Franchisees have a mission for high quality products provided with outstanding customer service and offer a large selection of Continental. Location: Industry: Food.

Is cheesecake a good investment?

Buying a cheesecake franchise can be a lucrative investment. After all, cakes, desserts, coffee, and other confectionary treats have become a booming industry segment.

Who produces franchising.com?

Franchising.com is produced by Franchise Update Media. Franchise Update Media has its finger on the pulse of franchising with unrivalled audience intelligence and market driven data. No media company understands the franchise landscape deeper than Franchise Update Media.

Where did the cheesecake factory start?

The Cheesecake Factory story begins in Detroit, Michigan in the 1940’s. Evelyn Overton found a recipe in the local newspaper that would inspire her “Original” Cheesecake. Everyone loved her recipe so much that she decided to open a small Cheesecake shop, but she eventually gave up her dream of owning her own business in order to raise her two small children, David and Renee. She moved her baking equipment to a kitchen in her basement and continued to supply cakes to several of the best restaurants in town while raising her family.

When did Evelyn and Oscar move to Los Angeles?

In 1972 , with their children grown, Evelyn and her husband Oscar decided to pack up all of their belongings and move to Los Angeles to make one last attempt at owning their own business. With the last of their savings, they opened The Cheesecake Factory Bakery and began selling Evelyn’s cheesecakes to restaurants throughout Los Angeles. Through hard work and determination their business grew to a modest size and Evelyn was soon baking more than 20 varieties of cheesecakes and other desserts.

What to consider when building a cheesecake factory?

You will have to consider factors including the type of cheesecakes you expect to make in your factory and your distribution channels. Note that the building is the first thing your customers will see when visiting or considering your business. Also consider the importance of making quality products and make an informed decision when you estimate your costs. Below is the cost breakdown of building a cheesecake factory:

What is a cheesecake factory?

A cheesecake factory simply refers to starting a cheesecake wholesale distribution business in your choice of location, depending on your plans and vision for the business. Your focus might be businesses that retail cheesecakes to direct consumers or you can choose to start a contract-order cheesecake factory.

How much does it cost to build a cheesecake factory?

From the detailed breakdown above, the estimated cost to build a cheesecake factory is $214,000-$1,400,000 (including land and construction costs), depending on the factors mentioned above. To further cut down on start-up costs, consider buying used equipment and leasing an affordable facility for your factory.

What equipment do you need to make cheese?

You will also need supplies and equipment for your production and packaging. You will Acidifier, rennet, citric acid, salt, industrial ovens, packaging machines, flour mixers, and other essential for the cheese making process. You may also need stainless steel containers, measuring cups, stirring spoon, cheese cloths, thermometer and gloves. Make sure that before you use this equipment, they are clean and sanitized.

What type of insurance do cheesecakes need?

Types of insurance coverage that are recommended for cheesecake businesses are those that cover general liability, professional liability, and workers compensation liability, and commercial property. You’ll need to prepare at least $500 up to $15,000 for insurance coverage alone.

How much does it cost to build a house?

In general, land acquisition costs are estimated at $94,000-$270,000. Site work includes building the foundation and landscaping costs around $182, 000 – $211,493, while building construction (including electrical and plumbing) is at $230,000-$615,900.

Do you need staff to start a cheesecake factory?

Starting your own cheesecake factory requires that you employ staff to assist you in the business. So, when planning your business, do not forget to include staff salaries. One quality to look out for when employing staff is their willingness to work and also their hygiene.