The Brand That Dares To Be Different Is Looking For People Who Do Too
Qualified candidates should have:
$500,000+ LIQUID CAPITAL
$1.5 MILLION NET WORTH
COMMUNITY CONNECTIONS AND BE PEOPLE-ORIENTED
YOUR ESTIMATED INITIAL INVESTMENT* BREAKDOWN FOR A SCHLOTZSKY’S® RESTAURANT WITH A CINNABON EXPRESS BAKERY®
|TYPE OF EXPENDITURE||LOW||HIGH|
|Initial Franchise Fee||$30,000|
|For a Converted Location||$49,000||$498,000|
|Furniture, Fixtures, Equipment, Smallwares, Millwork, Menu Boards, Graphics, Charging Table, and Computer System||$148,400||$216,000|
|For a Converted Location||$127,385||$220,000|
|Business Permits and Licenses||$1,000||$3,000|
|Due Diligence/Lease Acquisition/Professional Fees (Architect)||$10,000||$25,000|
|Supplies and Inventory||$18,000||$25,000|
|Grand Opening Advertising and Promotions Expenditure||$15,000||$25,000|
|Additional Fund - 3 Months||$39,000||$48,000|
|Cinnabon Express Bakery Initial Franchise Fee||$7,500|
|Cinnabon Express Bakery||$17,064||$24,484|
|Total for a Converted Location||$358,449||$980,984|
*Excluding Real Estate
*As published in Item 7 of our April 2018 Franchise Disclosure Document (“FDD”). You should review our FDD for details about these figures.
THE FOUR STEPS TO BECOMING A SCHLOTZSKY’S® FRANCHISE OWNER.
REQUEST FOR CONSIDERATION
We ask you, as a potential franchise owner candidate, to fill out our LEARN MORE form.
After we receive your information, we will contact you immediately to discuss your interest, experience, and potential marketplace. We’ll also be available to answer any questions or concerns you might have, so you can decide if you’re ready to explore this tremendous opportunity further. We consider every owner a partner in the truest sense of the word, so please provide as much detail as you can about you or your partner’s restaurant owner/operator experience.
After our initial discussion, one of our Regional Franchise Sales Directors will contact you directly to discuss things further, including your development plans. We will then ask you to complete and submit the franchise application for review by the Schlotzsky’s® Franchise Review Committee. Since we want to get to know you even better, the director may want to meet you in person near your planned marketplace.
FRANCHISE DISCLOSURE AND DUE DILIGENCE
Once we’ve had a chance to meet you or at least speak with you and confirm your interest in becoming a Schlotzsky’s® franchisee, we’ll provide you with our Franchise Disclosure Document (FDD) for review. This document explains details about our fast-casual franchise offering. To ensure all your questions and concerns are addressed, we ask that you review this document for 10 business days as required by the Federal Trade Commission (FTC).
To give you the best insight into our special culture, you’ll be invited to our FOCUS Day. It’s an exciting event that will give you a keen look inside our franchise process! At this event, you’ll meet with our Senior Executive Team and learn all about the services we provide our owners, including training, marketing, real estate and construction, as well as ongoing support. Plus, you’ll get a behind-the-scenes look at why investing in Schlotzsky’s® is the best way to earn more ROI.
SIGNING THE AGREEMENT/PAYING THE FRANCHISE FEE
After the Franchise Review Committee has approved your application and the Executive Team has approved you as a candidate, we’ll forward you the franchise agreements that require your signature. Once we get the signed agreements, including your franchise fee and all necessary documentation, we’ll countersign them and send you a copy.
Once all of the agreements are executed, you will then be officially part of the Schlotzsky’s® franchise superstars. Lastly, our highly qualified Franchise Services Team will start the exciting process of working with you to locate, develop, and open your Schlotzsky’s® as soon as possible.