Frequently Asked Questions
Q. What are the startup costs and what do they include?
A. Currently, the range of investment is from $274,700 to $419,917 which includes the $40,000 initial franchise fee. The rest of the estimated costs include expenses to launch your Nick Filet restaurant, 3rd party professional advisory fees, insurance and 3-months of working capital.
Q. How big is the typical restaurant?
A. Between 1,300 and 1,600 square feet with adequate parking and drive-by traffic. We have specific site criteria that will help you evaluate real estate that would be a good fit for your Nick Filet location.
Q. How long does it take to open?
A. This depends on how quickly you find a lease location for your restaurant. You do not need to build a ground-up restaurant, but lease space in a variety of storefront or free-standing spaces available in your market. We help owners evaluate real estate with step-by-step guidance to help fit out your Nick Filet restaurant. Once you sign your lease, you should be able to open in as few as 3 to 4 months.
Q. Do I have to be an owner operator?
A. We want our owners to be involved. Most will hire a general manager to oversee day-to-day operations. Owners can manage marketing and development and consider more than one restaurant, too.
Q. Can I own more than one restaurant?
A. Yes. We believe many owners will operate multiple restaurants and we have savings on initial start-up fees for owners who commit to 3 units upfront.
Q. How many people should be on the team in the restaurant?
A. Typically between 3-5 employees depending on the volume of your restaurant.
Q. How much will the business make in a year?
A. We will be able to share with you our Financial Performance Representation called an Item 19 in our Franchise Disclosure Document which highlights affiliate performance and history. This can be a useful tool to help you evaluate the revenue potential for your Nick Filet.
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