Time-Out Restaurant

The Time-Out Restaurant franchise is a North Carolina-based restaurant concept. The brand was established in 1978 by Eddie Williams. The first location was opened on Franklin Street in Chapel Hill. Williams, a third-generation graduate of the University of North Carolina, was inspired by his wife, Val, to name the new family business Time-Out because of his lifelong connection to the sports family at UNC-Chapel Hill. Franchisees benefit from a proven business and feel-good product. The initial investment ranges between $221,500 - $351,900, which includes a one-time initial franchise fee of $35,000. Royalty fees are 5%. Locations should range between 1,700 - 2,400 sq.ft. Ideal candidates should be passionate about customer service.  

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Time-Out Restaurant

Time-Out Restaurant Franchise Cost and Requirements for 2024

Background

A food franchise to consider is Time-Out Restaurant. The brand was established in 1978 by Eddie Williams in North Carolina. The third-generation University of North Carolina graduate was inspired to name the restaurant Time-Out based on his lifelong connection to the sports family at UNC-Chapel Hill, which his wife, Val, made a point to tell him. Franchisees benefit from a proven business model and feel-good product. Franchisees also benefit from support and training. In terms of support and training, you can expect an initial training program that details everything you need to know about the business. This includes marketing and advertising, hiring, food prep, managing finances, and more. You will also be provided with social media, site selection and grand opening assistance. Support and training are ongoing. 
You can expect the initial investment to range between $221,500 - $351,900, which includes a one-time initial franchise fee cash and other liquid assets. Royalty fees are 5%. Qualified candidates should have a minimum net worth of $35,000, and at least $35,000 in cash and other liquid assets in order to financially qualify. Locations should range between 1,700 - 2,400 sq.ft. Ideal candidates should be passionate about customer service. Since you get a lot of support and training, you don't need to have prior experience before running the business. Customers appreciate that the brand is open 24/7. The brand's menu includes typical southern cuisine. These options include Mac & cheese, chicken turkey, meatloaf, peach cobbler, and more. Franchisees benefit from an exclusive territory, which decreases you competition. You'll be the only representative of the Time-Out Restaurant franchise in your area.   

Company Details

Headquarters: Chapel Hill, NC 27514
Canada: No
International: No
Absentee: No
Mobile: No
Exclusive territory: Yes
Founded: 1978
First franchise: 2023
B2B: No

 

Support and Training Offered By Time-Out Restaurant

In terms of support and training, you can expect an initial training program that details everything you need to know about the business. This includes marketing and advertising, hiring, food prep, managing finances, and more. You will also be provided with social media, site selection and grand opening assistance. Support and training are ongoing. 

2024 Franchise Requirements Needed to Own a Time-Out Restaurant Franchise.

What does a Time-Out Restaurant Franchise Cost?

Time-Out Restaurant franchise fees for 2024:

Initial Franchise Fee $35,000
Initial Investment $221,500 - $351,900
Royalty Fee: 5%
Net Worth Requirement: $35,000
Cash Requirement: $35,000

Is Time-Out Restaurant a Home Based franchise?

No. Time-Out Restaurant is not a home based franchise opportunity.

Does Time-Out Restaurant Offer a Veteran Discount?

No. Time-Out Restaurant franchise does not offer a veteran discount.

Is Time-Out Restaurant Looking for Franchisees in Canada?

No. Time-Out Restaurant franchise is not looking for Canada franchisees.

Is Time-Out Restaurant Looking for International franchisees?

No. Time-Out Restaurant franchise is not looking for International franchisees.

Where can I see Time-Out Restaurant'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

Number of Units Open

LESS THAN 20 UNITS

Cash Required

$25,000 - $50,000

Home Based Franchise

No

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

Time-Out Restaurant Franchises for Sale

Click Here to inquire about existing Time-Out Restaurant franchises for sale. We may have Time-Out Restaurant 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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