Krave It

Krave IT stands out for its commitment to using fresh ingredients and crafting homemade, unique dishes, backed by multiple media features and a track record of increased sales across its three locations.

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Krave It Franchise Cost and Requirements for 2024

Background

As a franchisee, you're more than a statistic; you'll receive personalized support from our CEO, ensuring your success is paramount. With low overheads and optimized profitability, KraveIT offers a lucrative opportunity in the restaurant industry.

KraveIT provides unparalleled one-on-one support, prime territories, and flexible terms to accommodate your investment decisions. With a focus on minimizing costs and maximizing potential, KraveIT is the premier choice for those ready to embark on a rewarding entrepreneurial journey.

Company Details

Established: 2015
First Unit Franchised: 2024
Franchised Units: 1
Company Owned Units: 3
States Registered In: Alabama - AL, Alaska - AK, Arizona - AZ, Arkansas - AR, Connecticut - CT, Delaware - DE, Florida - FL, Georgia - GA, Idaho - ID, Illinois - IL, Indiana - IN, Iowa - IA, Kansas - KS, Kentucky - KY, Louisiana - LA, Maine - ME, Massachusetts - MA, Michigan - MI, Minnesota - MN, Missouri - MO, Montana - MT, Nebraska - NE, Nevada - NV, New Hampshire - NH, New Jersey - NJ, New Mexico - NM, New York - NY, North Carolina - NC, North Dakota - ND, Ohio - OH, Oklahoma - OK, Oregon - OR, Pennsylvania - PA, South Carolina - SC, South Dakota - SD, Tennessee - TN, Texas - TX, Utah - UT, Vermont - VT, Washington - WA, West Virginia - WV, Wisconsin - WI, Wyoming - WY
Canada Franchises: No
International Franchises: No

Support and Training Offered By Krave It

Financial Assistance Provided: Yes
Specify: SBA Loan
Site Selection Assistance: Yes
Specify: We offer a network of brokers dedicated to aiding franchisees in locating suitable sites. Subsequently, the franchisor will evaluate these locations based on availability and suitability.
Lease Negotiation Assistance: Yes
Specify: The franchisor, working alongside the designated commercial broker, will assist with Letters of Intent (LOIs). These LOIs will push for favorable terms such as reduced rent, tenant improvement allowances, and rent-free periods to facilitate the build-out process.
Recruiting Assistance: Yes
Specify: The franchisor will provide recruitment resources and offer guidance on effective interviewing strategies to assist franchisees in their hiring processes.
Cooperative Advertising: No
Training: 34 hours of immersive classroom instruction and 103 hours of hands-on, on-the-job training, ensuring a total of 137 hours dedicated to honing your skills and expertise in restaurant operations.

Special instructions/notes: Training happens in New York.

2024 Franchise Requirements Needed to Own a Krave It Franchise.

What does a Krave It Franchise Cost?

Krave It franchise fees for 2024:

Cash Investment: SBA 7(a) loan cash injection starting at $75,000
Total Investment: $201,000 - $400,000
Minimum Net Worth: $250,000
Single Unit Franchise Fee: $39,000
Franchise Fee for each additional unit: Unit #2: 34,900 - Unit #3: 29,900
Royalty: 6%
Ad: 1%
Other Fees: NA Item 19: Yes
Average Number of Employees: Full time: 3 Cashiers. 3 Cooks. 1 Prep. 2 Pizza Makers
Visa Candidates: Yes
Passive Ownership: Yes
Semi-Passive Ownership: Yes
Specify: With the right staff and management Krave it does not require the owner to be their full time.
Home-Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: Yes ($5,000)

Is Krave It a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. Krave It is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is Krave It a Home Based franchise?

No. Krave It is not a home based franchise opportunity.

What Do Krave It Franchise Owners Make?

Click here to find out how much Krave It franchisees make. Krave It offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Krave It a Master Franchise Opportunity?

No. Krave It is not a master franchise opportunity.

Does Krave It Offer a Veteran Discount?

Yes. Krave It franchise does offer a veteran discount.

Does Krave It Work with E2 Visa and EB-5 Visa Candidates?

Yes. Krave It franchise does work with E2 Visa and EB-5 Visa candidates.

Is Krave It Looking for Franchisees in Canada?

No. Krave It franchise is not looking for Canada franchisees.

Is Krave It Looking for International franchisees?

No. Krave It franchise is not looking for International franchisees.

Where can I see Krave It's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Food & Restaurants, Recently Added Franchises, Non Food Franchises

Number of Units Open

LESS THAN 20 UNITS

Cash Required

$50,000 - $100,000

Master Franchise

No

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

Yes

Krave It Franchises for Sale

Click Here to inquire about existing Krave It franchises for sale. We may have Krave It franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

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