ARBY’S Franchise Startup Cost, Profit and Information
What is your aim of going into business? The best answer will be to make good profit and create a regular stream of income to help you cater for your future needs. What if the information you are about to get will guaranty you all that you desire to achieve in business. Arby’s Restaurants are among the top restaurants in the country that offer uniquely prepared hamburger and other menu that drives the customer’s curiosity. Then as a business person, you would want to know how much an Arby’s Franchise is.
ABOUT THE COMPANY
Arby’s Restaurant Inc was established in the year 1964 by The Raffel brother, Forrest and Leroy in Boardman, Ohio. Their original menu consisted of potato chips, roast beef sandwiches, iced tea, and with time they began preparing curly fries, meals for kids, milk shakes and light choices have just been included to their menu as well. The restaurant may also offer breakfast items to their customers as an option from its numerous approved menus.
IS ARBY’S RESTAURANT A FRANCHISE?
The success of the company after it was established prompted the founders to start selling franchise almost immediately. The Arby’s Restaurant Franchise began sales in the year 1965 just a year after it was founded and since then the company has opened more than 3,300 franchise units at different countries of the world. So if you ask Is Arby’s Restaurant a franchise? Your answer will be yes, the company offers franchise opportunities.
THE ARBY’S RESTAURANTS FRANCHISE OPPORTUNITY
The license to operate under the Arby’s Restaurant brand name will give Arby’s Restaurant franchisee the option to choose from either of these two franchise offerings:
- THE TRADITIONAL FRANCHISE: This will feature a full-menu but limited Arby’s Restaurant’s services which will include freestanding, travel plazas, convenience stores, truck shops, malls, inline locations and convenience store combos.
- THE NON-TRADITIONAL FRANCHISE; This form of franchise offer features limited size, limited menu and the services rendered are as well minimised. The franchise unit will occupy a smaller space with limited seating and may possibly have fewer menus.
Non-traditional menus are located in airports, military bases, toll plazas, hospitals, stadia, fun parks, colleges, casinos, universities and other facilities that have similar sitting arrangements.
HOW MUCH DOES AN ARBY’S RESTAURANT FRANCHISE COST?
The initial investment required to establish an Arby’s Restaurant Franchise will vary depending on the franchise offer you purchase. The investment will be between $270,000 to $1,770,000. With a net-worth requirement of about $1,000,000 and then a liquid cash requirement of non-borrowed money of about $500,000. The Arby’s Franchise cost will also include the initial franchise fee, on-going royalty fee and also an advertisement royalty fee.
ARBY’S RESTAURANT FRANCHISE FEE
The Arby’s Restaurant Initial Franchise fee is the payment you make to the company to grant you the licence to operate under the company’s brand name and this will range between $6,250 to $37,500. You are also expected to make an on-going royalty fee of 4% and an Ad royalty fee of 4.2% of the monthly gross revenue of your franchise unit.
WHAT IS ARBY’S RESTAURANT SIZE?
A freestanding Arby’s restaurant will normally be in the range of about 3,000 square feet. However the 2,000 square-foot design which was incorporated into the system in 2014, will fit into smaller lots and has been proven to reduce costs and at the same time maintaining strong sales.
HOW MANY SEAT DOES AN ARBY’S RESTAURANT HAVE?
A typical Inspire-2000 restaurant will accommodate between 65 to 80 seats, while the urban inline units will have between 40 to 60 seats.
DOES ARBY’S RESTAURANT FRANCHISE OFFER TRAINING
Arby’s Restaurant Franchise Training for a new franchisee with the company will hold for 2 days. This is the New Franchisee Orientation and it will come at no extra cost for the franchisee. However the franchisee will be expected to make provisions for his travel cost and lodging.
DOES ARBY’S RESTAURANT FRANCHISE OFFER FINANCING?
Arby’s Restaurant Franchise does not offer any form of financing to the franchisee, both directly or indirectly. And the company does not have any relationship with any 3rd party lender neither does it guarantee any franchisee for loan from any other lender.
WHAT IS TERMS OF AGREEMENT?
The initial period of franchise for the traditional restaurant is 20 years, but this could be lesser if the franchisee’s lease is not up to 20 years. For non-traditional restaurants, the term is 10 years and this will also depend on the terms of lease the franchisee has with the owners of their locations.
HOW TO OPEN AN ARBY’S RESTAURANT FRANCHISE
In order for you to qualify as an Arby’s Restaurant Franchisee, you must have initially met the financial requirements to start a unit. Once you have gotten yourself acquainted with the information you need on how to open an Arby’s Restaurant Franchise, the next step is to send in your application to the company.
Your application will be reviewed and if you are able to meet up with the company’s different requirements and qualification, you will be approved and then assigned an Arby’s Franchise Manager who will be working with his team to assist you to set up your franchise unit.
The next step will be to get a location depending on the Arby’s Franchise Offer you choose. The Franchise manager and his team will also assist you in getting the best lease on a very good location and you will also get assistance in the area of equipment and staffing.