It's Just Lunch Franchise
Monday, April 26, 2010 at 09:34PM Dating service
It's Just Lunch is celebrating nearly 14 years in the dating business, with thousands of professional singles. We've created a service where everyone feels comfortable with the process of meeting a new person. The company was born in 1991 in Chicago and now has locations from New York to Singapore….and in between.
After Founder Andrea McGinty's engagement was called off (and found herself suddenly single!), she began the tedious search to meet "normal", well-educated professionals. Her friends sent her out on blind dates, she tried personal ads, contemplated the internet and dating services, but she wasn't comfortable with any of these options. The ideal date, she decided, was a lunch date or a drink after work. A fun, laid back, stress-free way to meet!
Start-up Costs & Franchises Fees
What is the total cost to open a It's Just Lunch Franchises?
Total Cost: $86,000 USD -$160,500
Total Franchise Fees: $25,000 USD -$35,000 USD
Ongoing Royalty Fees: 9%
Ongoing Advertising Fees:
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: Varies
Contact Information for It's Just Lunch
|
It's Just Lunch International LLC |
Phone Number: (619)234-7200 |
It's Just Lunch In the Press
No results at this time.Historical Expansion
In what year did It's Just Lunch begin operations? 1992
When did It's Just Lunch begin selling franchises? 2000
Year United States Canada International Corporate 2005 77 1 2 0 2004 69 1 1 0 2003 45 0 0 0 2002 29 0 0 0 2001 22 0 0 0
Future Expansion
Countries of Interest:
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
Training
Available at franchisee's location, Ongoing seminars, field classes, advanced training
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
Number of employees needed to run franchised unit: 1 - 3
Absentee ownership of franchise is allowed.
Qualifications & Business Experience
Business 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