One of the best parts about starting a franchise is that your investment situation is clearly defined. Your franchisor will tell you exactly how much you should expect to pay upfront, what royalty fees you should prepare to pay, and what you will receive in return for your investment. Before signing the franchise agreement, you will have a clear idea of what your financial journey may look like, and that’s part of the transparency we’re all about. Of course, exact numbers and profitability estimates are never guarantees —or even possible to predict — but we do our best to lay out our financial expectations as clearly as possible. Here’s what you can expect when it comes to the B.GOOD burger franchise cost.
By the Numbers
While our burger franchises certainly require a sizeable investment, we’re firm believers that it’s more than worth it. There are, however, a few factors you should consider when estimating your upfront costs. The first is the size of your restaurant. A bigger area means a higher franchising cost. Most locations are between 2,000-2,400 square feet, but this investment may vary due to differences in each space, and the location. The total investment generally falls between $545,000 and $941,000, with an initial franchise fee of $40,000. We also require a minimum net worth of $1,000,000 and access to at least $250,000 in liquid capital to cover the necessary burger franchise costs to ensure your restaurant can get off the ground smoothly.
What You Get for Your Investment
“So what do I actually get for this investment?” is one of the most common questions we’re asked. And it’s also the most important. Franchisees are happy to learn that their investment in a B.GOOD franchise covers everything from training sessions to location scouting and the rest in between. Much of your investment will be put toward the construction and furnishing of your fast-casual franchise location, including building out the space, installing the necessary equipment, and furnishing your restaurant with booths, tables, lights, and other essentials.
What You Should Know About ROI
When it comes to your return on investment, there are never any guarantees. Many different factors influence how much money you ultimately make from your franchise, and how quickly, but we firmly believe that you get out of your franchise what you put into it. Playing an active role in your fast-casual franchise, taking initiative, and staying ahead of industry trends will make you more likely to get a solid return on your initial investment. We will also put you in touch with other B.GOOD franchise owners, who can give you a first-hand idea of what to expect from your franchise financially.
To learn more about our burger franchise cost, or to take the first step toward owning a franchise, reach out to us today.