What are the financial qualifications to open a Groucho’s® Franchise?
A minimum credit score of 720 along with a minimum net worth of $350,000.00. Included in your net worth, you need to have a minimum of $150,000.00 in liquid assets which you can use to invest in your franchise opportunity. Financing is to be obtained through third-party lending sources. Groucho’s® does not offer financing.
How much are the Franchise fees and Royalties?
The current Franchise fee is $28,000.00 (per unit), payable with the execution of a Franchise Agreement. There is a continuing royalty of 6.00% of your gross sales paid monthly. Groucho’s® does not currently charge an advertising or marketing royalty. We believe that your marketing dollar is best spent in your immediate trading area under your discretion (Groucho’s® must approve advertising).
How much does it cost to open a Groucho’s® Franchise?
The current aggregate investment ranges between $97,989 - $578,880. Many factors determine your final investment, such as local market conditions, size, and condition of space, permitting, cost of construction, deposits, etc.… This range typically covers all potential costs: Franchise fee, construction cost, architecture, furniture and equipment, opening food order, and line of credit or cash for capital support. Please see the table below for additional details.