$40K
Franchise Fee
6%
Royalty Fee
2%
Local Marketing
~10,000
People per Territory
Initial Investment
The Investment
Opening a Conrad’s Grill requires an estimated total initial investment of $241,609 to $444,147, including the $40,000 franchise fee. Actual costs vary by market, landlord requirements and site. Build-out varies most with whether a Type I hood system is required.
| Expense | Low | High |
|---|---|---|
|
Franchise fee |
$40,000 |
$40,000 |
|
Build-out |
$64,893 |
$104,893 |
|
Equipment incl. FF&E |
$64,893 |
$89,940 |
|
Initial inventory |
$14,823 |
$80,064 |
|
3 months reserves |
$30,000 |
$65,000 |
|
Rent |
$6,500 |
$10,000 |
|
Grand opening |
$5,000 |
$10,000 |
|
Legal |
$2,000 |
$9,000 |
|
Deposits |
$3,000 |
$8,000 |
|
Signage |
$4,000 |
$7,500 |
|
Architect |
$1,500 |
$6,000 |
|
POS system |
$2,000 |
$4,000 |
|
Travel for training |
$1,000 |
$3,000 |
|
Insurance, permits, utilities, supplies |
$2,000 |
$6,750 |
|
Total |
$241,609 |
$444,147 |
Path to Opening
Deliberate, one owner at a time
We are looking for owner-operators willing to be in the store, the way Joe is. Every partner is chosen carefully and gets the attention their launch requires.
1
Introduction
A first call to learn about you and the brand.
2
FDD Review
Walk through the disclosure document together.
3
Validation
Calls with the operators who run the stores.
4
Discovery Day
A day in the store, on the line, in East Lansing.
5
Sign & Open
Open within 180 days of signing.
Ongoing Fees
Simple, flat and nationwide
Royalty
6% of gross sales, paid by EFT.
Local marketing
2% of gross sales. Required spend in your own market.
Technology Fee
$500/mo for the POS and the branded ordering app once live.