| Masala Bowl® Franchise Information
A
Revolution in Taste ™
The
"Unique Franchise Opportunity of the 21st Century"!
Looking
for an exciting opportunity with tremendous growth potential? It’s
time for you to experience the Masala Difference!
Be a
part of the first and fastest growing Indian Quick Service Restaurant
concept in the world!
Masala Bowl® Franchise FAQ
1.
What is the Initial investment?
Total
investment for a single unit location varies from $252,000 to $447,000
depending upon factors such as location, deposits, equipment, leasehold
improvements and real estate cost (excluding land and building).
2. What does
the $252,000 to $447,000 include?
The
investment range covers all fees, construction costs, starting inventory,
décor, equipment, and even includes working capital. Essentially,
these numbers represent everything you need to open and operate a Masala
Bowl®. Your investment could depend on the area of the county, state
or country you are interested in.
3. Is a turn-key
arrangement possible?
Yes,
Masala Bowl® franchises are available for the total initial turn-key
investment of US$252,000 – US$447,000 which includes an initial
franchise fee of $25,000.
4.
What is the Franchise Fee?
$25,000
5. What are
the financial qualifications?
We
require that the single unit operators have at least $200,000 of non-borrowed
cash resources along with a strong FICO score.
6. Are there any other qualifications to consider?
Yes,
Masala Bowl® requires that the single unit operators live in or close
to the market that they are interested to develop.
The operator must
have a minimum of 3-5 years experience in any retail or service oriented
business in a leadership role.
7. Are their
any royalties or on-going fees after I pay the initial franchise fees?
Yes,
you pay an ongoing royalty fee of 6% of the weekly sales.
There are also advertising
fees of 2% of your weekly gross sales to be spent by you on local marketing.
An additional advertising expense of up to 2% of weekly gross sales may
be required to be paid to the Masala Bowl® Marketing Fund.
8. How much
money can I make from a Masala Bowl® Franchise?
Masala
Bowl® does not make earnings claims for locations since the actual
results are based on factors that are not within the control of Masala
Bowl®. The franchisees ability to manage the day-to-day operations,
finances and other factors specific to each location will determine how
much money a certain store will make.
9. What is
the average size of a Masala Bowl® franchise?
Masala
Bowl® locations are generally between 1,200 to 2,000 square feet.
10. Does Masala
Bowl® help with the site selection?
Yes.
You are responsible for finding a location that meets the site criteria
and approval of Masala Bowl®. We have an experienced real estate team
who will help you with site selection and lease negotiation.
11. Do you
offer third party financing?
Yes.
12. What types
of locations are suitable for Masala Bowl®?
Trade Guidelines:
- Urban and suburban
with strong residential and daytime population.
- Preferred generators
include residential, office, retail, university, recreation and hospitals.
Site Guidelines:
Urban storefronts, shopping center end-caps and pads, freestanding
Buildings
- Current sizes
range from 1,200 to 2,000 square feet depending on trade area characteristics.
- 25 feet of minimum
frontage
- Patio seating
preferred
- Zoning to accommodate
restaurant use and allow beer and wine license
- Adequate parking
for restaurant use
- Building exterior
to allow Masala Bowl standard storefront design and signage
- Excellent visibility
and access
13. Does Masala
Bowl® make money on any products or suppliers distributed to the store?
No,
Masala Bowl® does not markup any goods, items, or supplies distributed
to the store. We believe that by helping our franchisees reduce their
cost they will in turn be more profitable and progress growth of the company.
14. How long
will it take to open a new location of Masala Bowl®?
It
normally takes 3 to 5 months to open a brand new location after securing
the lease. However, if there is a location that is already an existing
restaurant, it takes 2 to 3 months to open a Masala Bowl® in that
specific site.
15. How will
I learn to operate a Masala Bowl®?
Masala
Bowl® has an excellent training program which provides you with everything
you need to know from in-store operations to business management.
16. Does Masala
Bowl® have an advertising program?
Yes,
Masala Bowl® has a complete professionally planned and executed media
advertising program which supports its franchises.
17. How do I receive my supplies?
Masala
Bowl® has approved suppliers to support your inventory needs anywhere
in the country.
18. Do I need
any Indian restaurant business experience to be a Masala Bowl® franchisee?
No,
you do not have to be Indian nor have experience running Indian restaurants
to own any of our restaurants because you will see that at Masala Bowl®
we have a system that is unique, yet simple.
19. What happens
once my store opens?
Masala
Bowl® provides ongoing support in training, operations, and marketing
through store visits, newsletters and meetings.
20. What is
the next step?
You
must complete the Express Request Form below.
21. Can you
send us the FDD (Franchise Disclosure Document) for our review?
Once
we receive your information we will contact you and send you the Application.
The Application must be completed and returned to the Masala Bowl®
for review. We will then evaluate each applicant’s qualifications
and ascertain a candidate’s financial ability to successfully open
and operate a Masala Bowl® Restaurant. Once the qualifications of
an applicant are approved and matched with available opportunities, candidates
will be issued a Franchise Disclosure Document (FDD).
22. Do you
have a Master Developer or Area Developer Program for Masala Bowl®?
Yes, we do have a Master Developer Program (MD).
Master
Developer Program
23. What is
the Master Developer Program?
A Master Developer
Agent is an independent contractor who has an agreement to develop and
support a specified number of Masala Bowl® restaurants within a specified
geographic territory i.e. county, state or country. They act as a sub-
franchisor and receive a portion of the franchise fee, royalties and advertising
for all the locations opened within their territory.
24. Why would
I be a Master Developer?
Master Developers
share in the growth and excitement of building a worldwide brand in the
Quick Service Indian Food segment. This ground floor opportunity gives
MDs the ability to build a large network of ongoing franchise relationships.
The franchisor grants
exclusive development rights for a particular geographic area to a Master
Development investment group. Within its territory, the Master developer
may either develop individual franchise units for its own account (MD’s
need to own and operate at least one unit of Masala Bowl®) or find
independent franchisees to develop units. In return for the rights to
an exclusive territory, the Master developer pays the franchisor a front-end
development fee and commits to develop a certain number of units within
a specified period of time.
The front-end fee
is generally significantly less than the sum of the individual unit fees.
Individual franchisees
within the territory pay all the contractual franchise, royalty and advertising
fees directly to the parent franchisor. The Master developer has a share
in the franchise fee and in on-going royalty fees. In essence, the Master
developer is buying multiple locations over time at a discount and has
a residual equity position in the profits of its "Master franchisees”. |