What is the initial investment required for an Amsterdam Falafelshop franchise?
The estimated initial cost of an Amsterdam Falafelshop franchise ranges from $365,400 to $493,450, which pays for the build-out expenses, and certain start-up expenses. Part of this investment is the initial franchise fee, which is $29,500 for the first store.
What is the franchising royalty?
There is currently a 5% franchising royalty on gross revenues. This will increase in the future to 6% at the later of one year from the opening date of your restaurant, or when we are requiring new franchisees to pay a 6% fee (under our then-current Franchise Agreement).
What are your advertising fees?
You may be asked to contribute up to 3% of your gross revenues in the future. However, franchisees are currently required to spend 1% on local marketing.
What is required to become an Amsterdam Falafelshop franchisee?
We are looking for franchisees with outgoing personalities, outstanding work-ethic, passion for customer service, and a love of falafels, who have a minimum net worth of $500K and $150K in liquid assets. Restaurant experience strongly preferred.
Does Amsterdam Falafelshop provide training?
You will receive both in-store and classroom training for all aspects of your Amsterdam Falafelshop business, including food preparation, sales and marketing techniques, as well as administrative and office matters. We will also provide support prior to, during and after you open your location.
Is financing available?
At this time, Amsterdam Falafelshop does not offer financing assistance. However, we are happy to make recommendations for third-party lenders for you to contact.
What is the term of the franchise agreement?
The initial term of your Amsterdam Falafelshop agreement is 10 years, with 2 subsequent successor-options of 5 years each.
What is the average square footage of an Amsterdam Falafelshop franchise?
Franchised Amsterdam Falafelshop restaurants are usually between 1,300 and 1,700 square feet. However, it could be somewhat larger or smaller depending on the configuration of your specific site.
How much can I make as an Amsterdam Falafelshop Franchisee?
Earnings and profit are based on a number of factors, including sales, costs, and the franchisee's ability to manage the business. When you are further along, we will provide you our Franchise Disclosure Document, which provides information about certain financial aspects of franchising that will help you make your own evaluation.