Saladworks
Date Incorporation: 2007
Franchising Since: 2008
Headquarters: Pennsylvania
Description: Saladworks grants franchises for the establishment, development, and operation of unique restaurants offering and selling a variety of salads, sandwiches, panini, wraps, soups and other bread and beverage products, as designated by Saladworks, and prepared in accordance with specified recipes and procedures.
Franchise Offer: The franchisor franchises the right to operate a restaurant under the name Saladworks®. The Franchisor also offers to qualified individuals the right to operate multiple Saladworks restaurants under a Multi-Unit Development Agreement.
Financial Assistance: Neither the franchisor nor any of their affiliates offer, directly or indirectly, any arrangements for financing initial investment or for the operation of the franchised business.
Training and Assistance: Saladworks will provide its initial tuition-free training program to the franchisee and up to 3 of their management employees. The required training lasts approximately 5 to 7 weeks and shall consist of classroom and practical experience. One to two days prior to when the restaurant first begins operations; Saladworks will assist the franchisee in conducting a required mock opening of the restaurant. For a period up to 7 days after the grand opening, one or more franchise representatives will be present at the restaurant to assist the franchisee in opening and post-opening matters. During this period, such representative will also assist the franchisee in establishing and standardizing procedures and techniques essential to the operation of a system restaurant and shall assist in training personnel. Saladworks may also offer additional training or refresher courses or seminars to be conducted at Saladworks' headquarters or at such other place as the franchisor shall designate, from time to time..
Territory: The franchisee will operate the franchised business from a specific location approved by the franchisor. The approved location shall be contained within a protected territory. Except as otherwise provided, Saladworks shall not establish or operate any restaurant under the within the territory.
Term of Agreement and Renewal: The term of the franchise agreement is 10 years and can be renewed for one additional successive 10-year period.
Obligations and Restrictions: The franchisee (or at least one of their principals if it is a corporation, limited liability company or partnership) must personally supervise the day-to-day operations of the restaurant. The franchisee must devote their personal full-time attention and best efforts to the management and operation of their restaurant and/or area representative business, as applicable. The franchisee may, however, delegate the day-to-day operation of the restaurant to a manager approved by the franchisor. The franchisee may offer for sale and sell only those food and beverage products and accompanying services that Saladworks has approved.
Total Number of Units: 85 units by year end 2007
Total Number of franchises Units: 85 franchised units by year end 2007
Investment Tables:
Initial Investment:
Single restaurant
| Expenditures | Low | High |
|---|---|---|
| Franchise Fee | $30,000 | $35,000 |
| Site Selection Broker | $10,000 | $10,000 |
| Architect & Design Fees | $5,000 | $14,500 |
| Permits & License Fees | $745 | $10,400 |
| Leasehold Improvements | $62,500 | $220,000 |
| Pictures / Artifacts | $316 | $3,500 |
| Equipment and Furniture | $69,200 | $126,040 |
| Smallwares | $4,370 | $9,633 |
| Point of Sale System | $7,100 | $17,900 |
| Signage | $2,700 | $14,000 |
| Menu Boards | $900 | $2,200 |
| Travel & Living Expenses while Training | $250 | $5,000 |
| Pre-opening and Grand Opening Advertising | $15,000 | $15,000 |
| Miscellaneous Opening Costs | $1,500 | $15,350 |
| Opening Inventory and Supplies | $4,500 | $9,500 |
| Turn Key Costs | $214,081 | $508,023 |
| Rent (first 3 months) | $9,000 | $24,000 |
| Insurance (first 3 months) | $800 | $1,200 |
| Additional Funds (3 months) | $15,000 | $25,000 |
| Working Capital | $24,800 | $50,200 |
| Total | $263,800 | $558,223 |
Ongoing fees:
| Name of Fee | Amount |
|---|---|
| Royalty Fee | 5% of total Net Sales |
| Brand Development Fund Fee | Currently, 3% of Net Sales for store not located in food court, 1.5% for store located in food court |
| Local Advertising and Promotion | 1 % of Net Sales for stores located in a food court, 2% for stores not located in a food court |
| Maintenance/Repair/Refurbishing | Cost of maintenance, repair, or refurbishing |
| Yellow Pages Advertising | Yellow Pages Advertising |
| Insurance | Cost of insurance |
| Renewal Fee | $3,000 |
Date of FDD: March 31 2008
The above information has been taken from the UFOC/FDD of Saladworks
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