Start-Up Costs and Fees |
||
| Houlihan's | I Dream of Falafel | |
| Investment | 1600000 - 4300000 | 337811 - 470302 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 5% |
| Advertising Fee | 3% | |
| Year Founded | 1972 | 2009 |
| Year Franchised | 1994 | 2011 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Houlihan's | I Dream of Falafel | |
| Experience | Industry experience General business experience Must live in same market being developed | Prior experience in foodservice is a plus but not required to join the I Dream of Falafel system. We look for franchise owners who have solid staff management and customer service skills. We are also seeking franchise owners who will be directly involved in the operations and growth of their I Dream of Falafel businesses, unless they have an operating partner with a minimum equity in the business. In turn, we'll provide the support franchisees need to run their I Dream of Falafel operations. We do, of course, also expect that franchisees have the right amount of capital to invest in the franchise. |
Financing Options |
||
| Houlihan's | I Dream of Falafel | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Houlihan's | I Dream of Falafel | |
| Training | We will provide pre-opening franchisee training to up to three individuals for up to 28 days at our corporate support center, plus up to ten days of onsite assistance and training around the time of your restaurant's Grand Opening. | |
| Support | Meetings, Field operations/evaluations, Purchasing cooperatives | We will provide pre-opening franchisee training to up to three individuals for up to 28 days at our corporate support center, plus up to ten days of onsite assistance and training around the time of your restaurant's Grand Opening. As a franchise owner, you will have access to all I Dream of Falafel trademarks, recipes and procedures. We'll also present you with a copy of our confidential operations manual to help you run your restaurant properly on a day-to-day basis. |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | Franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 78 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Houlihan's | I Dream of Falafel | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, | Illinois, Wisconsin |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Houlihan's | |
| I Dream of Falafel | |
| Franchise Fee | |
| Houlihan's | |
| I Dream of Falafel | |
| Royalty Fee | |
| Houlihan's | 4% |
| I Dream of Falafel | 5% |
| Advertising Fee | |
| Houlihan's | |
| I Dream of Falafel | 3% |
| Year Founded | |
| Houlihan's | 1972 |
| I Dream of Falafel | 2009 |
| Year Franchised | |
| Houlihan's | 1994 |
| I Dream of Falafel | 2011 |
| Term Of Agreement | |
| Houlihan's | 20 years |
| I Dream of Falafel | 10 years +5+5 |
| Renewal Fee | |
| Houlihan's | $5K |
| I Dream of Falafel | |
Business Experience Requirements |
|
| Experience | |
| Houlihan's | Industry experience General business experience Must live in same market being developed |
| I Dream of Falafel | Prior experience in foodservice is a plus but not required to join the I Dream of Falafel system. We look for franchise owners who have solid staff management and customer service skills. We are also seeking franchise owners who will be directly involved in the operations and growth of their I Dream of Falafel businesses, unless they have an operating partner with a minimum equity in the business. In turn, we'll provide the support franchisees need to run their I Dream of Falafel operations. We do, of course, also expect that franchisees have the right amount of capital to invest in the franchise. |
Financing Options |
|
| Franchise Fees | |
| Houlihan's | No |
| I Dream of Falafel | No |
| Start-up Costs | |
| Houlihan's | |
| I Dream of Falafel | |
| Equipment | |
| Houlihan's} | |
| I Dream of Falafel | |
| Inventory | |
| Houlihan's | |
| I Dream of Falafel | |
| Receivables | |
| Houlihan's | |
| I Dream of Falafel | |
| Payroll | |
| Houlihan's | |
| I Dream of Falafel | |
Training & Support |
|
| Training | |
| Houlihan's | |
| I Dream of Falafel | We will provide pre-opening franchisee training to up to three individuals for up to 28 days at our corporate support center, plus up to ten days of onsite assistance and training around the time of your restaurant's Grand Opening. |
| Support | |
| Houlihan's | Meetings, Field operations/evaluations, Purchasing cooperatives |
| I Dream of Falafel | We will provide pre-opening franchisee training to up to three individuals for up to 28 days at our corporate support center, plus up to ten days of onsite assistance and training around the time of your restaurant's Grand Opening. As a franchise owner, you will have access to all I Dream of Falafel trademarks, recipes and procedures. We'll also present you with a copy of our confidential operations manual to help you run your restaurant properly on a day-to-day basis. |
| Marketing | |
| Houlihan's | Co-op advertising, Ad slicks, Regional advertising |
| I Dream of Falafel | |
| Operations | |
| Houlihan's | Franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 78 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
| I Dream of Falafel | |
Expansion Plans |
|
| US Expansion | |
| Houlihan's | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| I Dream of Falafel | Illinois, Wisconsin |
| Canada Expansion | |
| Houlihan's | |
| I Dream of Falafel | |
| International Expansion | |
| Houlihan's | |
| I Dream of Falafel | |