Franchisee Frequently Asked Questions
What are the business qualifications for becoming a franchisee?
The following are a few qualities we look for in selecting franchisees:
- Entrepreneurial spirit with the ability to manage, motivate and lead people.
- High personal integrity with a full time commitment toward building the business
- Willingness to learn all necessary elements needed to be a successful franchisee.
- Ability to create and implement a comprehensive business plan
- Ability to execute a plan needed to be a successful franchisee.
- Excellent project management skills and attention to detail
What are the minimum financial requirements?
The estimated liquid capital of $250,000, and a good credit score and history..
Is there financing available ?
There are a number of lenders who specialize in financing franchisees. We are not a direct lender. We offer some incentives on inventory produced under the Grand Hall brand. Those who qualify can learn more.
Are there opportunities in my geographic area of interest?
Fill out the franchise inquiry form and we will get back to you on this.
What is the initial franchise fee?
$40,000 which includes a 10 year term.
What are the monthly royalties?
3% gross revenues with an annual minimum advertising spending of 2% of gross revenues.
What can I expect in terms of support?
We will offer you a very comprehensive training plan. This will include training at our designated corporate location followed by store preparation and staff training before the grand opening at your location.
How much can I earn as a franchisee?
We do not make earnings claims since much depends on your individual skills and the amount of effort you put in to running your business. We encourage you to do your own due diligence. Once you become a franchisee, our franchise manager will provide additional financial information necessary to form your business plan.
