When you are considering opening a franchise, you probably have a lot of questions.
Below Are Some of the Most Frequently Asked Questions
Every business is different, even within the family of Pretzelmaker franchises. Because there are so many variables, it is impossible to pinpoint one number that applies to all new franchises. Our franchise fee is $30,000, and our franchise owners usually spend anywhere from $205,200 to $332,000 on their startup costs.
We require our franchise owners to have a minimum net worth of $250,000, with at least $100,000 in liquid assets. When we look at the data from some of our most successful franchises, these minimums seem to be a great indicator of a franchise owner’s potential.
We don’t want to sugarcoat it (or cover it in salt, dip it in cheese, savor the buttery softness of the warm pretzel…wait…what are we talking about?), but owning a franchise is hard work. Our franchise owners work hard and smart to help their businesses thrive, and it is some of the most rewarding work there is. There is no denying the satisfaction that comes from working to build your own business.
But don’t take our word for it! Get in touch with some of our existing franchise owners to find out what they do day in and day out.
Our parent company, Global Franchise Group (GFG), has a thorough training program at a facility in Atlanta called GFG University. After attending training at GFG University, you will be able to run the back office, manage human resources, perform bookkeeping duties, and do everything else required to operate your Pretzelmaker store.
In addition to the training at GFG University, a field business agent from corporate will be there when you open your store, helping you with the day-to-day aspects of owning and managing a Pretzelmaker.
Training does not end when your store is up and running. We frequently update systems, marketing materials, and more that your franchise will be able to utilize. Ongoing corporate support is a key part of the Pretzelmaker franchise model.
One of your duties as a franchise owner is to research and find the right location for your Pretzelmaker store. We have a corporate real estate team that can assist with site identification and lease negotiations when it is necessary. As an added benefit of investing with Pretzelmaker, our brand recognition and reputation makes your business a desirable tenant to any landlord.
Because of the regulations on the franchise industry, we are unable to make specific earnings claims. However, there are two ways to get an idea of what to expect when you invest in a Pretzelmaker franchise.
First, fill out our form to request a Franchise Disclosure Document. This document includes an earnings summary for the company, which can give you a general idea of what Pretzelmaker franchise owners make.
Second, as part of your research, get in contact with existing franchise owners because they can tell you about their investment and their earnings in more detail.
While we cannot give specific numbers, we can show you data that can give you an idea of the opportunities available in the Quick Service Restaurant and fast food industry. This industry earned $200 billion in the United States alone in 2015, with profits projected to continue to rise.* Revenue in the industry is expected to go up by 2.5% each year between now and 2020.* As time goes on, Quick Service Restaurants are becoming more diverse and less dependent on the hamburger and French fry model, leaving ample space for Pretzelmaker.
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I love this business. One of the reasons my wife and I chose this business is because of the simplicity of the product. It’s a very simple business model. A very simple business.