Fazoli's Franchise
Tuesday, April 27, 2010 at 11:17AM Fast-casual Italian food
Start-up Costs & Franchises Fees
What is the total cost to open a Fazoli's Franchises?
Total Cost: $431,000 USD -$1,100,000 USD
Total Franchise Fees: $30,000 USD
Ongoing Royalty Fees: 4%
Ongoing Advertising Fees:
Term of Agreement: 15 years
Franchise Agreement Renewal Fee: 30% of current fee for 5 years
Contact Information for Fazoli's
|
Fazoli's Systems Inc. |
Phone Number: (859)268-1668 |
Fazoli's In the Press
No results at this time.Historical Expansion
In what year did Fazoli's begin operations? 1988
When did Fazoli's begin selling franchises? 1991
Year United States Canada International Corporate 2003 221 0 3 175 2002 220 0 2 181 2001 217 0 1 176 2000 196 0 0 173 1999 156 0 0 179
Future Expansion
United States: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation
Marketing
Cooperative advertising, Ad slicks
Franchise Operation Restrictions
86% of all franchise business owners own more than one franchise location.
Absentee ownership of franchise is allowed. (50% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
Industry experience General business experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes