Start-Up Costs and Fees |
||
| Russo's Coal-Fired Italian Kitchen | Nick-N-Willy's | |
| Investment | 295000 - 750000 | 294500 - 399500 |
| Franchise Fee | ||
| Royalty Fee | 7% | |
| Advertising Fee | 2% | |
| Year Founded | 1992 | 2001 |
| Year Franchised | 1998 | 2001 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Russo's Coal-Fired Italian Kitchen | Nick-N-Willy's | |
| Experience | No Restaurant experience necessary but helpful Minimum financials are $175K to $400K in investment capital and a $600K to $1.0MM net worth | |
Financing Options |
||
| Russo's Coal-Fired Italian Kitchen | Nick-N-Willy's | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Russo's Coal-Fired Italian Kitchen | Nick-N-Willy's | |
| Training | 8 Week GM & Key Supervisor Training and Certification | Nick-N-Willy's offers a comprehensive 30-day training program. The training program consists of a combination of practical product components and most importantly a primary focus on how to run your Nick-N-Willy's business. All aspects of operations, accounting, human resources, safety and food services are covered thoroughly. |
| Support | Real Estate Once you become a franchise owner, our real estate professionals will work with you in identifying the best site for your business. Nick-N-Willy's has an established real estate network around the country with real estate professionals situated in many local markets. These specialized individuals are familiar with our site requirements and demographic profile. Your real estate professional will negotiate the best lease terms possible with the landlord and work with you every step of the way. Construction We're with you every step of the way- from site selection to grand opening. We have connections with industry experts and professionals from architects and real estate brokers to contractors and equipment vendors. We will help you manage every facet of the project and avoid all of the common pitfalls so that you can get your store ready quickly and efficiently. We'll also be right there with you at your grand opening to make sure that your team is well trained and that you make a great first impression. Financing We are dedicated to helping you to shop around for your business loan to find the best rates and terms. After you become a franchise owner, Nick-N-Willy's will assist you in preparing the necessary business plans and loan submission information for your bank or financial institution of your choosing. It is very common in the franchising business for a franchise owner to obtain government sponsored business loans for up to 70% of the total costs associated with setting up a franchised business. However, business loans for 50% of total costs are more readily available and are most common. In order to qualify for these types of loans, financial institutions typically require unencumbered liquid assets or cash equal to 25% to 50% of the total cost of setting up the franchise business to support the loan application. | |
| Marketing | Our advertising department develops advertising campaigns throughout the year by creating new marketing materials and promotions for the use of all franchise owners. The marketing team also oversees production of regional and local marketing to create brand awareness. In addition we assist you in utilizing our marketing materials and techniques to locally promote your stores and participate in community events in your local markets. | |
| Operations | On site pre and post opening training and operational support with quarterly QA Visits. | |
Expansion Plans |
||
| Russo's Coal-Fired Italian Kitchen | Nick-N-Willy's | |
| US Expansion | ||
| Canada Expansion | 0 | 0 |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Russo's Coal-Fired Italian Kitchen | |
| Nick-N-Willy's | |
| Franchise Fee | |
| Russo's Coal-Fired Italian Kitchen | |
| Nick-N-Willy's | |
| Royalty Fee | |
| Russo's Coal-Fired Italian Kitchen | 7% |
| Nick-N-Willy's | |
| Advertising Fee | |
| Russo's Coal-Fired Italian Kitchen | 2% |
| Nick-N-Willy's | |
| Year Founded | |
| Russo's Coal-Fired Italian Kitchen | 1992 |
| Nick-N-Willy's | 2001 |
| Year Franchised | |
| Russo's Coal-Fired Italian Kitchen | 1998 |
| Nick-N-Willy's | 2001 |
| Term Of Agreement | |
| Russo's Coal-Fired Italian Kitchen | 10 years+5 |
| Nick-N-Willy's | |
| Renewal Fee | |
| Russo's Coal-Fired Italian Kitchen | |
| Nick-N-Willy's | |
Business Experience Requirements |
|
| Experience | |
| Russo's Coal-Fired Italian Kitchen | No Restaurant experience necessary but helpful Minimum financials are $175K to $400K in investment capital and a $600K to $1.0MM net worth |
| Nick-N-Willy's | |
Financing Options |
|
| Franchise Fees | |
| Russo's Coal-Fired Italian Kitchen | |
| Nick-N-Willy's | |
| Start-up Costs | |
| Russo's Coal-Fired Italian Kitchen | |
| Nick-N-Willy's | |
| Equipment | |
| Russo's Coal-Fired Italian Kitchen} | |
| Nick-N-Willy's | |
| Inventory | |
| Russo's Coal-Fired Italian Kitchen | |
| Nick-N-Willy's | |
| Receivables | |
| Russo's Coal-Fired Italian Kitchen | |
| Nick-N-Willy's | |
| Payroll | |
| Russo's Coal-Fired Italian Kitchen | |
| Nick-N-Willy's | |
Training & Support |
|
| Training | |
| Russo's Coal-Fired Italian Kitchen | 8 Week GM & Key Supervisor Training and Certification |
| Nick-N-Willy's | Nick-N-Willy's offers a comprehensive 30-day training program. The training program consists of a combination of practical product components and most importantly a primary focus on how to run your Nick-N-Willy's business. All aspects of operations, accounting, human resources, safety and food services are covered thoroughly. |
| Support | |
| Russo's Coal-Fired Italian Kitchen | |
| Nick-N-Willy's | Real Estate Once you become a franchise owner, our real estate professionals will work with you in identifying the best site for your business. Nick-N-Willy's has an established real estate network around the country with real estate professionals situated in many local markets. These specialized individuals are familiar with our site requirements and demographic profile. Your real estate professional will negotiate the best lease terms possible with the landlord and work with you every step of the way. Construction We're with you every step of the way- from site selection to grand opening. We have connections with industry experts and professionals from architects and real estate brokers to contractors and equipment vendors. We will help you manage every facet of the project and avoid all of the common pitfalls so that you can get your store ready quickly and efficiently. We'll also be right there with you at your grand opening to make sure that your team is well trained and that you make a great first impression. Financing We are dedicated to helping you to shop around for your business loan to find the best rates and terms. After you become a franchise owner, Nick-N-Willy's will assist you in preparing the necessary business plans and loan submission information for your bank or financial institution of your choosing. It is very common in the franchising business for a franchise owner to obtain government sponsored business loans for up to 70% of the total costs associated with setting up a franchised business. However, business loans for 50% of total costs are more readily available and are most common. In order to qualify for these types of loans, financial institutions typically require unencumbered liquid assets or cash equal to 25% to 50% of the total cost of setting up the franchise business to support the loan application. |
| Marketing | |
| Russo's Coal-Fired Italian Kitchen | |
| Nick-N-Willy's | Our advertising department develops advertising campaigns throughout the year by creating new marketing materials and promotions for the use of all franchise owners. The marketing team also oversees production of regional and local marketing to create brand awareness. In addition we assist you in utilizing our marketing materials and techniques to locally promote your stores and participate in community events in your local markets. |
| Operations | |
| Russo's Coal-Fired Italian Kitchen | On site pre and post opening training and operational support with quarterly QA Visits. |
| Nick-N-Willy's | |
Expansion Plans |
|
| US Expansion | |
| Russo's Coal-Fired Italian Kitchen | |
| Nick-N-Willy's | |
| Canada Expansion | |
| Russo's Coal-Fired Italian Kitchen | 0 |
| Nick-N-Willy's | 0 |
| International Expansion | |
| Russo's Coal-Fired Italian Kitchen | |
| Nick-N-Willy's | |