UFood Grill
Date Incorporation: 2006
Franchising Since: 2006
Headquarters: Massachusetts
Description: The franchise operates retail outlets under the name "UFood Grill" which offer food service featuring low-fat, low-carbohydrate and low-calorie food items, selected beverages and nutritional products
Franchise Offer: The franchisor will offer the right to establish and operate single or development UFood franchises, within a designated geographic area.
Financial Assistance: The franchisor does not offer direct or indirect financing.
Training and Assistance: The general manager, assistant manager and kitchen manager must attend and complete the initial training program. The initial training program will last approximately 5 weeks and will be held at a training facility in the Boston, Massachusetts area.
Territory: The franchisee will be granted an exclusive territory. In an urban area, the minimum territory will comprise 40,000 daytime workers. In a suburban area, the minimum territory will comprise 60,000 households.
Term of Agreement and Renewal: The length of the franchise term is15 years, with an option for renew for up to 2 successor terms of 5 years.
Obligations and Restrictions: An approved and qualified general manager must devote all of his or her business time and attention to the supervision of the outlet's day-to-day operations. The outlet at all times must be under the direct, on-site supervision of the general manager or an assistant general manager who has completed the training program satisfactorily.
Total Number of Units: 8 outlets at the end of 2007
Total Number of franchises Units: 4 franchised outlets at the end of 2007
Investment Tables:
Initial Investment:
| Expenditures | Low | High |
|---|---|---|
| Initial Franchise Fee | $35,000 | $35,000 |
| Real Estate/Rent - 3 months | $10,000 | $30,000 |
| Security Deposit | $5,000 | $10,000 |
| Leasehold Improvements | $250,000 | $375,000 |
| Furniture, Fixtures, and Equipment | $140,000 | $155,000 |
| Signage (interior and exterior) | $20,000 | $25,000 |
| Professional Fees | $14,000 | $18,000 |
| POS Computer System, and Other Office Equipment and Supplies (6) | $30,000 | $40,000 |
| Small wares | $7,500 | $8,000 |
| Opening Inventory and Supplies | $27,000 | $37,000 |
| Grand Opening Marketing | $15,000 | $15,000 |
| Miscellaneous | $10,000 | $10,000 |
| Training Expenses (out-of-pocket costs for training in Boston and pre-opening training at location) | $10,000 | $24,000 |
| Sub Total | $573,500 | $782,000 |
| Working Capital - 3 months | $35,000 | $70,000 |
| Total estimated initial- investment | $608,500 | $852,000 |
Ongoing Fees:
| Name of Fee | Amount |
|---|---|
| Royalty | 5% of Gross Receipts |
| Reimbursement of Out-of-Pocket Training Expenses | The franchisor’s cost |
| Grand Opening Marketing Program | At least $15,000 |
| System wide Advertising Fund Contribution | Currently, 1.5% of Gross Receipts |
| Local Marketing Spending Requirement | At least 1.5% of Gross Receipts |
| Cooperative Advertising Programs | Not currently collected. If the franchisor forms a cooperative, the required contribution will not exceed 1.5% of Gross Receipts |
| Additional Training or Assistance | Currently, $300 per day plus expenses, but could increase if costs increase. |
| Replacement Copy of Manuals | The franchisor’s cost plus shipping |
| Interest on Late Payments | Lesser of 18% per year or highest legal rate |
| Cleaning, Repair, Remodeling, Upgrading | Will vary under circumstances |
| Required Purchases | Will vary under circumstances |
| Product Evaluation Costs | Cost of evaluation, inspection, and supervision of distributor/supplier |
| Reimbursement of Required Insurance if You Do Not Acquire it | Will vary under circumstances. |
| Reimbursement of Audit Costs | Will vary under circumstances |
| Transfer Fee | $10,000 |
| Offering Expenses | Will vary under circumstances |
| Successor Franchise Fee | 20% of then-current initial franchise fee |
| Management Fee | $1,000 per day (plus costs and expenses) |
| Computer Systems, Maintenance, and Support | Costs of Service |
| Indemnification | Will vary under circumstances |
| Legal Fees and Costs | Will vary under circumstances |
| Liquidated Damages Upon Hiring a Trainer | The then current annual salary of the trainer hired |
Date of FDD: 29/09/2008
The above information has been taken from the UFOC/FDD of UFood Grill
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