HOW MUCH IS A 100 MONTADITOS FRANCHISE?
100 Montaditos was established in the year 2000 in the Spanish city of Huelva. Adopting the serene atmosphere of a traditional 1th century tavern of Spanish origin, the restaurant is known for the making of crunchy Spanish rolls baked and filled with Spanish meats, sauces, cheese and other delicious toppings. When the company started, it didn’t take much time for it to grow as a result of the unique servings they offer. And in no time, it spread to other parts of the world including the United States of America. Now everyone wants to know how much is a 100 Montaditos franchise?
INFORMATION ABOUT THE COMPANY
100 Montaditos is considered to be one of the most cherished brands among customers and the company has proven itself to be one of the most profitable franchises in its origin country Spain and also doing so fine internationally.
Their concept is quite versatile. In terms of times of consumption, it is possible for a customer to take breakfast, lunch and dinner at 100 Montaditos and the targets cut across all age ranges.
The company has about 650 locations at different parts of the world. Although few of these locations are just in the United States. They focus more on the origin country, where their dishes seem to be more cherished by the traditional Spanish people.
DOES 100 MONTADITOS SELL FRANCHISE?
In the year 2009, 100 Montaditos started their expansion beyond the shores of Spain with locations opened in Portugal and France. The successes they achieved in those countries gave the company the confidence to expand across the Atlantic. They 1st franchise in the Americas was established in Miami in the year 2011 and later, stores were opened in Mexico City and Bogota, which are considered to be the two Latin America’s most concentrated cities.
Yes, 100 Montaditos sells franchise and you have the opportunity to buy into their franchise if you are passionate about serving your potential customers with local Spanish delicacies.
100 MONTADITOS FRANCHISE REVIEW
In just 10 years, 100 Montaditos rose to become of the biggest Spanish-owned franchises across the world with great successes achieved in Europe, Latin America and the United States. Their success story is the main reason why a lot of business entrepreneurs seek to buy into the 100 Montaditos Franchise
WHAT IS COST OF A 100 MONTADITOS FRANCHISE?
In order for you as an entrepreneur to qualify as a 100 Montaditos franchisee, you will be expected to meet up with the company’s financial requirements to start-up a franchise.
As a prospective franchisee, the cost you incur to start a 100 Montaditos franchise will include the liquid capital, which is about $100,000 and the total investments that you are likely going to expend in establishing your franchise unit will go to the tune of $150,000 to about $300,000.
WHAT IS 100 MONTADITOS INITIAL FRANCHISE FEE?
All franchisors expect their prospective franchisees to make an initial franchise fee and 100 Montaditos is not an exception. The Initial Franchise fee of 100 Montaditos is $10,000 and you will be expected to make an on-going royalty fee as well as Ad fee.
TERMS OF AGREEMENT AND RENEWAL
Every franchise has its own initial terms of agreement and period that you will be expected to renew your license. The initial terms of agreement and renewal for a 100 Montaditos franchise is 10 years and you will be expected to make another franchise fee after the expiration of the terms.
Although renewals will be based on if you are able to meet the conditions for renewal set by the company.
DOES 100 MONTADITOS FRANCHISE OFFER TRAINING?
You will be entitled to training as franchisee with the company. The trainings at 100 Montaditos is although on-going throughout the course of operating your store. This is to ensure perfect communication between you and the company. You will receive regular control visit, to ensure that quality is being observed at your store and that customers’ satisfaction is of utmost priority.
The company-owned training Academy based in Seville, Spain will be the location of your initial 3-week training that will imbibe the principles of the company into you as the franchisee. At the program, you will be exposed to innovative and intensive seminars with the latest practices in business and restaurant management.
The training team consists of specialists in the franchise businesses that are trained in top-class hospitality management schools. They will assist you with technical supports in every aspect of the business: from when you conduct your feasibility studies, getting the right location to the training of your staff.
IS THERE ANY FORM OF FINANCIAL ASSISTANCE?
The company as the franchisor does not offer any form of financial assistance to their franchisees directly. What they do is to assist you with linkage to their 3rd party associates who will provide you with the finances you need to set up your store. The finances may cover the initial franchise fee, cost of building construction and so on.
And you will be subjected to some terms and conditions that you will need to meet up with and agree to before you can be considered for financing.