In franchising, quick-service brands are some of the most popular and profitable in the country. An emerging brand to consider is Sauce on the Side. The brand was established in 2012 and began offering franchise opportunities in 2017. Since then, the brand has expanded to locations across Missouri, Maryland, and Indiana. Franchisees benefit from a proven business model and an in-demand, feel-good product. Ideal franchisees have an entrepreneurial spirit, grit and high energy; believe in the power of community; have restaurant experience; want to be their own boss; and have strong leadership skills. They should also be enthusiastic about the brand. There are three kinds of opportunities for candidates: owner/operator; multi-unit operators; and conversions. The owner/operator has a single location while multi-unit operators have multiple. Entrepreneurs can also convert their existing restaurant into a Sauce on the Side location. You'll be provided with great support and training.
You can expect an initial training program that details everything they need to know about running the business properly. This includes hiring, marketing and advertising, managing finances, and more. You'll also be provided with grand opening assistance. Support and training are ongoing. In terms of the initial investment, you can expect it to range from $414,000- $704,500., which includes a one-time initial franchisee fee of $35,000. Royalty fees are 5% of gross sales. Qualified candidates should have at least $200K in cash and other liquid assets and a minimum net worth of at least $600K. Franchisees are also given an exclusive territory, which decreases their competition in their local area.