Following are some frequently asked questions and answers:
What is the total cost to open a store? While costs vary based on location, a Grains of Montana store can be opened for as little as $551,500 to approximately $684,400 depending on square footage.
What is the cost breakdown? Furniture, fixtures and equipment can cost anywhere from about $227,500 to $263,500 depending on the size and level of service of your restaurant will provide.
How much does the construction (tenant finish) cost? Depending on geographic area, you may estimate $80 to $100 per square foot. Costs will fluctuate based on the size of your location, whether your space is located in high rent districts or unionized areas, and other factors. Old buildings generally require more fix up and cost more, and if you find a space that was recently used for a restaurant before you, it could be significantly less. “In line” spaces in suburban centers anticipate tenants such as you, therefore many of the services you need are already available.
What about other costs? There are additional costs such as advertising, licenses, utility deposits, uniforms, food and small wares inventory, and working capital. These costs should be $22,500 to $27,500. If you choose to obtain a beverage license, additional costs will be incurred.
What are your fees? The one-time license fee is $30,000 for a Grains of Montana franchise, with a royalty fee of 5% of gross sales contributed annually. All franchisees are also required to contribute 1% of gross sales into a Marketing & Promotion fund. Expenses for travel and lodging for training or other meetings are not included in the fee.
How much space do we need? Typically, full-service restaurants range from 3,000 to 4,000 square feet in suburban settings. Smaller stores with more limited services can be found in more dense urban areas or downtown locations.
What about design of the store? Our team can provide complete architectural services, and we can even help you obtain your building permit(s).
How do we obtain necessary equipment? Grains of Montana is affiliated with Cromwell Equipment Company, an experienced dealer that purchases directly from manufacturers. Franchisees are able to buy equipment at wholesale prices, and Cromwell gives you peace of mind by coordinating all aspects of ordering and shipping.
Do you have a training program? Absolutely. At Grains of Montana, we believe that solid training is key to your restaurant’s overall success. That’s why franchisees and select members of their staff are trained at our headquarters and another franchise restaurant prior to opening the doors of their own restaurant. This intense training, combined with our detailed operations manual and systems, ensure that you will be ready to open your store within approximately two weeks of your training.
Is it better to wait in a bad economy? Grains of Montana is an excellent franchise opportunity regardless of whether the economy is up or down. In fact, we’ve actually seen growth while other restaurants have struggled. Why? Because when money is tight, American diners will still eat out, but they’ll look for the best food at the best value. And that’s exactly what Grains of Montana serves up, every day.
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