Start-Up Costs and Fees |
||
| Red Hot & Blue | Seacrets | |
| Investment | 380700 - 1000000 | 1639333 - 3061667 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 6% and 10% from hotel |
| Advertising Fee | 1% local | |
| Year Founded | 1988 | 0 |
| Year Franchised | 1990 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Red Hot & Blue | Seacrets | |
| Experience | Industry experience | *You or an operating partner within your franchise team must have significant foodservice and/or hospitality experience in order to qualify to become a Seacrets franchise owner. *In most cases, we expect franchise owners/operating partners to take an active role in daily operations. *Sales, customer relations, and supervisory skills, plus a strong work ethic coupled with honesty and integrity, are also important. *You must be able to meet the financial requirements for developing and operating a Seacrets business. |
Financing Options |
||
| Red Hot & Blue | Seacrets | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Red Hot & Blue | Seacrets | |
| Training | *You and your key management and kitchen staff will receive up to eight weeks of training at our corporate location. *Additional training will be provided if hotel or nightclub operations are part of your franchise business | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations | *Site Selection & Build-Out Guidance: site selection, building design and interior and exterior decor. *Initial Training and Ongoing Support: comprehensive corporate- and local-based training covering key business management functions. (Additional training will be provided to franchisees who oversee hotel or nightclub operations.) *Inventory Assistance: including planning and ordering initial equipment and supplies. *Established Standards and Procedures for every part of the business (front of house, back of house, bar, restaurant, music venues, and more), all detailed in our confidential operations manual. *Exclusive recipes, ingredients and cooking techniques for our specialty dishes, many of which are made from scratch; plus proprietary branded food products for retail sale. *Relationships with approved vendors and built-in volume discounts. *Marketing guidance and pre-developed materials for local advertising and promotions. |
| Marketing | Ad slicks, National media, Regional advertising | |
| Operations | 60% of all franchisees own more than one unit Number of employees needed to run franchised unit: 60 Absentee ownership of franchise is NOT allowed. (80% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Red Hot & Blue | Seacrets | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Red Hot & Blue | |
| Seacrets | |
| Franchise Fee | |
| Red Hot & Blue | |
| Seacrets | |
| Royalty Fee | |
| Red Hot & Blue | 5% |
| Seacrets | 6% and 10% from hotel |
| Advertising Fee | |
| Red Hot & Blue | |
| Seacrets | 1% local |
| Year Founded | |
| Red Hot & Blue | 1988 |
| Seacrets | 0 |
| Year Franchised | |
| Red Hot & Blue | 1990 |
| Seacrets | 0 |
| Term Of Agreement | |
| Red Hot & Blue | 20 years |
| Seacrets | 10 years+10 +10 |
| Renewal Fee | |
| Red Hot & Blue | |
| Seacrets | |
Business Experience Requirements |
|
| Experience | |
| Red Hot & Blue | Industry experience |
| Seacrets | *You or an operating partner within your franchise team must have significant foodservice and/or hospitality experience in order to qualify to become a Seacrets franchise owner. *In most cases, we expect franchise owners/operating partners to take an active role in daily operations. *Sales, customer relations, and supervisory skills, plus a strong work ethic coupled with honesty and integrity, are also important. *You must be able to meet the financial requirements for developing and operating a Seacrets business. |
Financing Options |
|
| Franchise Fees | |
| Red Hot & Blue | No |
| Seacrets | No |
| Start-up Costs | |
| Red Hot & Blue | |
| Seacrets | |
| Equipment | |
| Red Hot & Blue} | |
| Seacrets | |
| Inventory | |
| Red Hot & Blue | |
| Seacrets | |
| Receivables | |
| Red Hot & Blue | |
| Seacrets | |
| Payroll | |
| Red Hot & Blue | |
| Seacrets | |
Training & Support |
|
| Training | |
| Red Hot & Blue | |
| Seacrets | *You and your key management and kitchen staff will receive up to eight weeks of training at our corporate location. *Additional training will be provided if hotel or nightclub operations are part of your franchise business |
| Support | |
| Red Hot & Blue | Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations |
| Seacrets | *Site Selection & Build-Out Guidance: site selection, building design and interior and exterior decor. *Initial Training and Ongoing Support: comprehensive corporate- and local-based training covering key business management functions. (Additional training will be provided to franchisees who oversee hotel or nightclub operations.) *Inventory Assistance: including planning and ordering initial equipment and supplies. *Established Standards and Procedures for every part of the business (front of house, back of house, bar, restaurant, music venues, and more), all detailed in our confidential operations manual. *Exclusive recipes, ingredients and cooking techniques for our specialty dishes, many of which are made from scratch; plus proprietary branded food products for retail sale. *Relationships with approved vendors and built-in volume discounts. *Marketing guidance and pre-developed materials for local advertising and promotions. |
| Marketing | |
| Red Hot & Blue | Ad slicks, National media, Regional advertising |
| Seacrets | |
| Operations | |
| Red Hot & Blue | 60% of all franchisees own more than one unit Number of employees needed to run franchised unit: 60 Absentee ownership of franchise is NOT allowed. (80% of current franchisees are owner/operators) |
| Seacrets | |
Expansion Plans |
|
| US Expansion | |
| Red Hot & Blue | |
| Seacrets | |
| Canada Expansion | |
| Red Hot & Blue | |
| Seacrets | |
| International Expansion | |
| Red Hot & Blue | |
| Seacrets | |