The estimated initial development costs of a single restaurant range from $625,600 to $892,200, which includes the franchise fee but does not include the lease or purchase of real estate. You will need to demonstrate financial stability, with liquid assets available to devote to this project of $200,000 and an investment capability of $500,000.
Yes.
No, Souper Salad does not provide financing. Souper Salad is registered with the SBA Franchise Registry, which expedites the processing of SBA loans should you decide to apply for SBA financial assistance. Souper Salad also has developed relationships with a number of lenders, both conventional and SBA, who are comfortable lending to our franchise restaurant owners.
The initial franchise fee is $30,000. Royalty fee is 5% of gross receipts and marketing fee is 1% of gross receipts.
The franchisee, working with local commercial realtors, will locate and submit potential sites to Souper Salad for review.
No. The franchisee must lease the property. However, Souper Salad will provide site criteria and work closely with your commercial realtor to find a suitable site.
From the time the site is secured and ready for site work to commence, construction time is typically 60-70 days. Identifying the site, getting the site approval, and completing the property lease can be a lengthy process.
No. Souper Salad does set the specifications for all fixtures, furniture, and equipment for Souper Salad restaurants. We partner with a national equipment and smallwares distributor, who can provide a turnkey experience. The franchisee may choose to purchase fixtures, furniture, and equipment from other sources, but all specifications set forth by Souper Salad must be met.
Souper Salad partners with a national or regional distributor that provides safe, timely delivery of all Souper Salad’s proprietary and nonproprietary food, fresh produce, paper, and cleaning items.
Yes. However, this experience may come from an operating partner.
The salaried General Manager must successfully complete a three week course in a company-owned certified training restaurant. All Managers must successfully complete the Souper Salad management training, and we highly recommend that the franchisee complete these courses as well.
For the grand opening, Souper Salad provides a skilled team of trainers to assist the restaurant team. For the life of your agreement, ongoing support will be provided by a Souper Salad Franchise Business Consultant (FBC) through continued coaching, business reviews, and evaluation of the execution of Souper Salad’s standards for food service, facility conditions, brand image, and guest hospitality.
The term of the initial franchise agreement is 10 years with a 10-year renewal option.
Souper Salad is a privately held company.
