| Q: |
How much is the Franchise Fee for a Big Licks store? |
| A: |
The initial cost for a single store is $10,000 for the Development fee + $25,000 for the Franchise fee with ongoing royalties of 6% of gross sales and 2% as a production and development fund. |
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| Q: |
How much do I need to invest? |
| A: |
Excluding the cost of the real estate, expect to spend between $110,000 to $474,000. Exactly how much depends on what type of location you plan to open. It varies on the size of your store, actual construction cost & special lease provisions. |
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| Q: |
What does a Franchise Agreement include? |
| A: |
It entitles you to own and operate a Big Licks store, use of the trade name, trademarks, proprietary recipes, business methods, and our dรฉcor scheme. |
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| Q: |
What support can I count on during the initial steps after I sign the Franchise Agreement? |
| A: |
Specific areas of support include: Assistance with site selection, facility & construction planning, layout, fixture and equipment specifications and ordering, in-store training of management personnel, advertising and marketing support, inventory training, operating procedures, loaned copies of Operations Manuals, and continued field support. |
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| Q: |
After all Franchise Agreements have been signed, how soon can I expect to open my store? |
| A: |
From 6 months to 1 year. This will vary depending on the location and whether you are leasing or buying the property. |
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| Q: |
How many square feet are needed for my Big Licks store? |
| A: |
From 800 to 2400 square feet. This will depend on the location, which type of Big Licks shop you plan to open, demographics, cost of site, and prototype construction versus a retrofit building. |
