My Friend's Place Franchise
Restaurant
ABC INC
ABC-CO - NASDAQ
+0.25 (+0.20%)
It's time to give yourself permission to build your days around what's important to you! You're in Control!
For more information, complete our FREE FRANCHISE ADVICE form!
How much does it cost to open a My Friend's Place Franchise ?
The investment required to open a My Friend's Place Franchise is between $156,650 - $260,400 . There is an initial franchise fee of $20,000 which grants you the license to run a business under the My Friend's Place name.
Individual Franchise Costs
- Initial Investment:
$156,650 - - Initial Franchise Fee:
$20,000 - Royalty Fee:
5% - Advertising Fee:
1%
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | N/A | N/A |
| Startup Costs | N/A | N/A |
| Equipment | N/A | N/A |
| Inventory | N/A | N/A |
| Accounts Receivable | N/A | N/A |
| Payroll | N/A | N/A |
Training
1. Headquarters 12 Business Days
2. Franchisee Site 12 Business Days
Support
Field Operation Evaluation
Field Training: At Additional Cost
Initial Store Opening
Inventory Control: At Additional Cost
My Friend's Place Growth History
When did the first My Friend's Place open? 1980When did My Friend's Place start Franchising ? 1980
| Year | U.S.A. | Canada | International | Corporate |
|---|---|---|---|---|
| 2008 | 16 | 0 | 0 | 2 |
Alabama, Florida, Georgia, Indiana, South Carolina, Texas
How much money you could make as a My Friend's Place Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a My Friend's Place Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.
Legal Disclaimer: This information is not a franchise offering for My Friend's Place and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing a My Friend's Place franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.