Frequently Asked Franchise Questions About Opening And Owning A BBQ Masters
Q. What are the minimum Financial Requirements to qualify?
A. A minimum net worth of $300,000 with at least $100,000 liquid for a single BBQ Masters restaurant development. For Area Development territories for 3 or more restaurants, a minimum net worth of $900,000 with at least $450,000 liquid.
Q. How much will it cost to build a BBQ Masters restaurant?
A. Costs vary greatly due to the store size, age of the building, & regional restrictions. Investment ranges are between $264,000 to $414,500.
Q. Does BBQ Masters offer financing?
A. To help fuel our growth, BBQ Masters offers new and existing franchisees access to financing for qualified candidates. Yes
Q. How much money can I expect to make?
A. BBQ Masters does provide financial performance representations in our FDD (Item 19). However, profitability will depend considerably upon the franchisees ability to manage the day-to-day operations and finances as well as factors specific to each location such as occupancy, local store marketing costs, labor costs, and the potential for sales.
Q. What is the Royalty Fee?
A. Five (5%) percent of your gross sales.
Q. What is the Marketing Fee?
A. BBQ Masters currently collects two (2%) percent of your gross sales; however, the franchise agreement allows for the flexibility to increase the advertising fee, not to exceed a total of 5%.
Q. What is the typical BBQ Masters restaurant size?
A. The typical store size is 1,200 to 1,500 square feet.
Q. How many seats does a typical BBQ Masters restaurant have?
A. 15-25 interior; 10-15 exterior
Q. How is my site evaluated?
A. You are responsible for finding a location that meets the site criteria of BBQ Masters. We do work closely with you in the site selection process.
Q. When can I expect to be profitable?
A. It varies by location and market as well as franchisee management. As in any business, we cannot predict earnings or profitability for you.
Q. How involved am I in the development and construction process?
A. You will work closely with our design and construction resources that will assist you in selecting architects, contractors, and equipment vendors. BBQ Masters will keep in close contact so that we can check the progress in the developing location.
Q. Can I build multiple restaurants?
A. Yes! We encourage potential franchisees to consider develop and operate multiple locations.
Q. Who will train me to operate a BBQ Masters?
A. We have a training team that offers a comprehensive four (4) week training program that includes training in: Management Training, Brand Training, and Management Certification.
Q. After my restaurant is up and running, what kind of support will I receive?
A. Our Franchise Service Managers (FSMs) and Regional Marketing Managers (RMMs) are in place to provide you with the required assistance.