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AppleJack's is seeking ambitious, energetic individuals who want to maximize their business and entrepreneurial skills to own their very own AppleJack's Restaurant
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As an effective business operator, you wish to minimize risk and maximize profit. That is exactly what successful franchising is all about. Franchised businesses have a higher success rate than independent businesses. This is a fact. It is generally accepted that an estimated 40% of all non-franchised businesses do not make it to the end of their first year of operation, and 80% will fail within their first five years of operation. And even the 20% that do manage to survive are not safe, as 90% of them will fail within the next five years. In most cases this is not due to lack of revenues and its mostly based on lack of experience, support and management skills. By joining a Franchise, franchisees can benefit from the Brand marketing, purchasing power and management expertise offered by well-established franchisors. This is particularly attractive to those persons entering the highly competitive food service industry for the first time. As a result of the positive interaction between franchisee and franchisor, our restaurant owner/operators are much more likely to be financially successful than were they to enter the industry as independent restaurateurs.
WHY APPLEJACK’S RESTAURANT?
With an investment as low as $175,000 liquid capital, you can own your own Applejack’s restaurant. Applejack’s is seeking ambitious, energetic individuals who want to maximize their business and entrepreneurial skills to own their very own Applejack’s Restaurant. Your Applejack’s Restaurant:
Applejack’s restaurants range from 4000 – 5500 sq. ft and are located in high traffic retail plazas and high volume outdoor Power & Lifestyle Centers. Applejack’s will be situated with exceptional roadway exposure at stand alone sites or end cap plaza locations.
After all the necessary approvals, how long before I own my own Franchise? We are constantly seeking new locations and work in conjunction with landlords to source the ideal location for our Franchisees. All of this depends on the availability and your preference of the area. We normally advise Franchisees that it could take a range from 2 to 4 months How do I know if I have the financing in place? We will support you every inch of the way to complete your investment in a smooth and timely process. We will work with you to ensure you have all the necessary documentation to support your financing application. Where and how do I obtain the financing? The standard minimum equity investment for Fulton Market or Applejack’s is approximately 35 - 50% of the project. The net-worth required is approximately $150,000 - $250,000 of which $100,000 - $150,000 must be in liquid assets. Financing from all charted banks is available through a Government supported small Business Loan. Will I be required to purchase all items from Big City Concepts? The company has designated suppliers for all food, beverage, paper, cleaning and other supplies. It is important that the company purchases from the designated suppliers in order to achieve consistency as well as to maintain the purchasing power, which results to better costing and profitability. However, in the event that a Franchisee recommends a certain supplier not yet approved by the Franchisor, the Franchisor will attempt to establish a relationship with the vendor and ensure they meet the strict requirements of becoming an approved supplier for the entire network. Do I need to be involved with the day to day operation and management of the Franchise? You must designate at least one Manager to be dedicated and prepared to devote his/her full time effort in the operation. Your involvement can only contribute to the success of the operation. Can I own more than one Big City Franchise? We believe in the involvement of the owner/operator in the day to day operation of a franchise. We also believe that if an individual could have the ability to operate more than one location, we will support them in understanding the requirements and effort in becoming a multi-unit Franchisee. We strongly support the initiatives of the Franchisees and we encourage any discussions about expansion opportunities. Can I sell the restaurant or transfer the Franchise rights? Yes. However, the Franchisor reserves the right to approve any new Franchisee and the circumstances pertaining to the transfer or sale of the franchise location.
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