What’s Needed to Own a Franchise
Foster’s Grille is dedicated to serving simple, fresh, and made to order food that our customers love. Since 1999, we’ve built a model that’s easy for franchisees to implement in their locations. Becoming a franchise owner means getting an opportunity to work with a growing and expanding brand that knows what it takes to operate in a tough, competitive space. We’re a little bit country, a little bit rock ‘n roll, and we’ve got a menu that will satisfy even the most demanding appetite.
On the business side, our existing restaurants achieved an average annual unit volume of $899,600 in 2017.*
While previous experience in restaurants or other franchise environments is a plus, it’s certainly not a requirement. We’re looking for people who align with our brand and our values, and who are willing and able to help us grow. All new franchise owners go through intensive classroom and in-restaurant training before and after opening. We have processes and operation systems in place that are designed to prepare you for any situation.
We pride ourselves in our hands-on and personal approach to training. We’re not just going to shake your hand and wish you good luck. Intensive classroom education, in-restaurant shadowing, on-site assistance during your opening week, and regular check-in calls are all provided, so you’re never on your own. We’re with you every step of the way and are always available if you need assistance.
We require all new franchise owners to have a minimum net worth of $500,000, including a minimum of $100,000 in liquid capital. Our initial franchise fee is $40,000, and the total estimated initial investment for new owners is generally between $291,700 – $538,100. Discounts are available for Veterans or investors opening multiple locations.
Currently we do not offer financing to franchisees. Our team will work with you to find third-party financing options that fit your specific circumstances.
There are a lot of factors that go into opening a new location. Generally, once a location is secured, it typically takes 3-4 months to open.
We provide support throughout the site selection process to help you select a location that’s a good fit. We’ll guide you through finding a commercial real estate agent, architect, and builder to get your restaurant up and running.
Typically, we find that a neighborhood with at least 40,000 people and an average household income of $50,000 a year or more is the right place to start. From there, look for an area near a commercial or residential center, or near a large entertainment venue like a movie theater or bowling alley. We have store concepts for both free-standing and in-line locations. A location should be easily accessible and have ample space for parking.
Yes! We offer both single unit franchises and Multi-Unit Area Development Agreements. Our franchise team members will be happy to discuss your options.
Yes! We have existing partner suppliers who ensure you have fresh, high quality ingredients and other supplies at your restaurant when you need them.