Start-Up Costs and Fees |
||
| The Juicy Crab | Phillips Seafood | |
| Investment | 613500 - 1106500 | 1000000 - 5000000 |
| Franchise Fee | ||
| Royalty Fee | 3% going to 4% | 5% |
| Advertising Fee | 1%local+1%Nat'l | 2% |
| Year Founded | 2015 | 0 |
| Year Franchised | 2017 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Juicy Crab | Phillips Seafood | |
| Experience | * Multiple restaurant/or hospitality experience * Existing infrastructure to develop operations and expansion * Solid capitalization to meet an endorsed development plan * Appropriate experience in the desired market or venue * Commitment to timely development * Passion to safeguard a Heritage brand of almost 100 years | |
Financing Options |
||
| The Juicy Crab | Phillips Seafood | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| The Juicy Crab | Phillips Seafood | |
| Training | GM gets 16 hours Classroom training and 46 days on the job training in our corporate training location. Other following mangers : ASST MGR. FOH MGR. BOF MGR gets 16 hours classroom training and 24 days of on the job training in our corporate training location. A team of trainers for a week in support of the Grand Opening. | |
| Support | ||
| Marketing | ||
| Operations | OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS You must designate one person who owns at least 10% of your equity interests as your “Operating Partner.-- The Operating Partner must serve as the general manager of the restaurant, operate it on a day-to-day basis and have the authority to bind you to obligations relating to the Franchise Agreement. The restaurant must be under the direct, on-premises supervision of a fully-trained manager or a fully-trained assistant manager selected by you and approved by us. We do not require that the Operating Partner or other persons who directly or indirectly own an ownership interest in your entity (an “Owner--) provide direct on-premises supervision. | |
Expansion Plans |
||
| The Juicy Crab | Phillips Seafood | |
| US Expansion | Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Juicy Crab | |
| Phillips Seafood | |
| Franchise Fee | |
| The Juicy Crab | |
| Phillips Seafood | |
| Royalty Fee | |
| The Juicy Crab | 3% going to 4% |
| Phillips Seafood | 5% |
| Advertising Fee | |
| The Juicy Crab | 1%local+1%Nat'l |
| Phillips Seafood | 2% |
| Year Founded | |
| The Juicy Crab | 2015 |
| Phillips Seafood | 0 |
| Year Franchised | |
| The Juicy Crab | 2017 |
| Phillips Seafood | 0 |
| Term Of Agreement | |
| The Juicy Crab | |
| Phillips Seafood | |
| Renewal Fee | |
| The Juicy Crab | |
| Phillips Seafood | |
Business Experience Requirements |
|
| Experience | |
| The Juicy Crab | |
| Phillips Seafood | * Multiple restaurant/or hospitality experience * Existing infrastructure to develop operations and expansion * Solid capitalization to meet an endorsed development plan * Appropriate experience in the desired market or venue * Commitment to timely development * Passion to safeguard a Heritage brand of almost 100 years |
Financing Options |
|
| Franchise Fees | |
| The Juicy Crab | |
| Phillips Seafood | |
| Start-up Costs | |
| The Juicy Crab | |
| Phillips Seafood | |
| Equipment | |
| The Juicy Crab} | |
| Phillips Seafood | |
| Inventory | |
| The Juicy Crab | |
| Phillips Seafood | |
| Receivables | |
| The Juicy Crab | |
| Phillips Seafood | |
| Payroll | |
| The Juicy Crab | |
| Phillips Seafood | |
Training & Support |
|
| Training | |
| The Juicy Crab | GM gets 16 hours Classroom training and 46 days on the job training in our corporate training location. Other following mangers : ASST MGR. FOH MGR. BOF MGR gets 16 hours classroom training and 24 days of on the job training in our corporate training location. A team of trainers for a week in support of the Grand Opening. |
| Phillips Seafood | |
| Support | |
| The Juicy Crab | |
| Phillips Seafood | |
| Marketing | |
| The Juicy Crab | |
| Phillips Seafood | |
| Operations | |
| The Juicy Crab | OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS You must designate one person who owns at least 10% of your equity interests as your “Operating Partner.-- The Operating Partner must serve as the general manager of the restaurant, operate it on a day-to-day basis and have the authority to bind you to obligations relating to the Franchise Agreement. The restaurant must be under the direct, on-premises supervision of a fully-trained manager or a fully-trained assistant manager selected by you and approved by us. We do not require that the Operating Partner or other persons who directly or indirectly own an ownership interest in your entity (an “Owner--) provide direct on-premises supervision. |
| Phillips Seafood | |
Expansion Plans |
|
| US Expansion | |
| The Juicy Crab | Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee |
| Phillips Seafood | |
| Canada Expansion | |
| The Juicy Crab | |
| Phillips Seafood | |
| International Expansion | |
| The Juicy Crab | |
| Phillips Seafood | |