Start-Up Costs and Fees |
||
| Cora's | First Watch Restaurants | |
| Investment | 550000 - 900000 | 899800 - 1522000 |
| Franchise Fee | ||
| Royalty Fee | 5% of net | 4% |
| Advertising Fee | 2% National Fund; 1% Local Fund | up to 3% |
| Year Founded | 1987 | 1983 |
| Year Franchised | 1994 | 1983 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
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| Cora's | First Watch Restaurants | |
| Experience | ||
Financing Options |
||
| Cora's | First Watch Restaurants | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Cora's | First Watch Restaurants | |
| Training | We provide franchisees with 5 weeks of theoretical and practical training. | |
| Support | We support the restaurant with a team of trainers who are on site to help you and your staff. Our dedicated and experienced Operations team works with the franchisee to ensure respect of the Cora processes and high standards. Manuals covering all of the operating, marketing and management processes will be made available for your reference. You will benefit from a customized computer system helping you operate your business, keep track of key metrics, inventory, schedules, etc. We use a proprietary extranet information system which allows, through the Internet, automatic transfer and management of data. This system also offers online multimedia training. Using a touch screen, employees have access to online training related to their position in the restaurant. | We work together with each franchisee to determine (1) the size of the development area of the market you are interested in pursuing, (2) the number of restaurants to be developed and (3) the schedule of openings. We also provide support in the areas of Real Estate site selection, training, marketing and a comprehensive Operations Manual. |
| Marketing | ||
| Operations | We require franchisees to be owner/operators. You can consider an operating partner; however, you and/or the operating partner must participate in all stages of the franchisee approval process. Your operating partner is required to hold a minimum of 25% of shares within the operating company. | |
Expansion Plans |
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| Cora's | First Watch Restaurants | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Cora's | |
| First Watch Restaurants | |
| Franchise Fee | |
| Cora's | |
| First Watch Restaurants | |
| Royalty Fee | |
| Cora's | 5% of net |
| First Watch Restaurants | 4% |
| Advertising Fee | |
| Cora's | 2% National Fund; 1% Local Fund |
| First Watch Restaurants | up to 3% |
| Year Founded | |
| Cora's | 1987 |
| First Watch Restaurants | 1983 |
| Year Franchised | |
| Cora's | 1994 |
| First Watch Restaurants | 1983 |
| Term Of Agreement | |
| Cora's | |
| First Watch Restaurants | |
| Renewal Fee | |
| Cora's | |
| First Watch Restaurants | |
Business Experience Requirements |
|
| Experience | |
| Cora's | |
| First Watch Restaurants | |
Financing Options |
|
| Franchise Fees | |
| Cora's | |
| First Watch Restaurants | |
| Start-up Costs | |
| Cora's | |
| First Watch Restaurants | |
| Equipment | |
| Cora's} | |
| First Watch Restaurants | |
| Inventory | |
| Cora's | |
| First Watch Restaurants | |
| Receivables | |
| Cora's | |
| First Watch Restaurants | |
| Payroll | |
| Cora's | |
| First Watch Restaurants | |
Training & Support |
|
| Training | |
| Cora's | We provide franchisees with 5 weeks of theoretical and practical training. |
| First Watch Restaurants | |
| Support | |
| Cora's | We support the restaurant with a team of trainers who are on site to help you and your staff. Our dedicated and experienced Operations team works with the franchisee to ensure respect of the Cora processes and high standards. Manuals covering all of the operating, marketing and management processes will be made available for your reference. You will benefit from a customized computer system helping you operate your business, keep track of key metrics, inventory, schedules, etc. We use a proprietary extranet information system which allows, through the Internet, automatic transfer and management of data. This system also offers online multimedia training. Using a touch screen, employees have access to online training related to their position in the restaurant. |
| First Watch Restaurants | We work together with each franchisee to determine (1) the size of the development area of the market you are interested in pursuing, (2) the number of restaurants to be developed and (3) the schedule of openings. We also provide support in the areas of Real Estate site selection, training, marketing and a comprehensive Operations Manual. |
| Marketing | |
| Cora's | |
| First Watch Restaurants | |
| Operations | |
| Cora's | We require franchisees to be owner/operators. You can consider an operating partner; however, you and/or the operating partner must participate in all stages of the franchisee approval process. Your operating partner is required to hold a minimum of 25% of shares within the operating company. |
| First Watch Restaurants | |
Expansion Plans |
|
| US Expansion | |
| Cora's | |
| First Watch Restaurants | |
| Canada Expansion | |
| Cora's | 0 |
| First Watch Restaurants | |
| International Expansion | |
| Cora's | |
| First Watch Restaurants | |