FRANCHISOR PRESENTATION
The franchisor Frit’s is composed by 6 experimented entrepreneurs who created many concept in the restaurant service, bars and business retail. They are specialists when it comes to project management, finance, marketing and commercial location analysis.




WHY FRIT’S
– Try-tested menu and marketing
– Extraordinary profitable versus investment
– Very easy to operate
– Constant support and follow-up by the franchisor
– Interesting hours of operation
– Reaches all ages, all budget customer base
– Assistance in business location research and lease negotiation
– Formulation of business plan ($)
– Assistance in obtaining financing
– Assistance with lay-out plan
– Assistance with quoting and construction
– Assistance with equipment ordering
– Minimum of 2 weeks training for the franchisee and his staff
– One week supported by the franchisor at branch opening


TERMS AND CONDITIONS
– Average annual sales : $ 700 000*
– Approximate annual profit : $ 90 000*
– Franchising fees : $ 30 000
– 10-year contract
– Royalties 6%
– Advertising fees 3%
– Weekly reports of gross sales and dues
– Territorial protection to be established according to supply or demand
– Local of more or less 1000 to 1800 square feet






STEPS TO FOLLOW
3 MONTHS (MORE OR LESS)
– Preliminary meeting with the potential franchisee(s)
– Franchisee : Proposition of a sector and/or local
– Franchisor : Approval of the sector and/or local
– Franchisor : Conception of the business plan ($)
– Franchisee : Funding application (PPE)
– FranchIsee : Analysis of the franchisor’s contract
– Franchisee : Lease negotiation with the potential landlord
– Franchisee : Opening of the business and opening of the bank account
– Franchisee : Signature to the offer of the rent and/or lease
– Franchisee / Franchisor : Signature of the franchise’s contract, fee payments, and delivery of the guideline manual

1 MONTH (MORE OR LESS)
– Franchisee / Franchisor Layouts of the developing plans

3 MONTHS (MORE OR LESS)
– Franchisee / Franchisor : Submission and choice of the contractor
– Franchisee : The beginning of the manufacturing of the new Frit’s
– Franchisee : Hire the employees
– Franchisee / Franchisor : Theoretical and practical trainings
– Franchisee / Franchisor : Opening of the new branch with the assistance of the franchisor





BUDGET

$ 127 000 Initial own payment*
$ 30 000 Franchise fees*
$ 10 000 Lawyer, notary, accountant, banking fees*
$ 12 000 Starting inventory*
$ 75 000 35% of the PPE*
+ $ 213 000 35% PPE loan*
$ 213 000 Leasehold improvements and/or of the equipment*
= $ 265 000 Estimated total*
+ $ 39 000 Taxes to be assumed at departure and will be used as a rollover after remittances (line of credit)*
= $ 304 000 Total estimation with taxes*

Extras : terrace, demolition, isolation, engineering projects, windows, gantry, exterior decorations, other.
*The numbers are only estimation and cannot be interrelated as a guarantee and a certainty of the final amount.


REQUIRED QUALITIES
YOU ARE...
– Leader and have ease with human relationships
– Determined and optimistic
– Able to work under pressure
– Organized
– Observer and open to constructive comments.





FRIT'S FRANCHISOR
2360, chemin Stainte-Foy, local G014, Québec, QC, G1V 4H2

Vincent Blanchette
Tél. : 418.264.0449 / vb@groupeblanchette.com

Hugo Laperrière
Tél. : 418.998.2444 / hl@groupeblanchette.com

www.fritsburgerspoutines.com
www.groupeblanchette.com