Starting a QDOBA franchise in Canada involves several key steps and costs. Here’s a breakdown:
1. Initial Investment
The total cost to open a QDOBA franchise in Canada ranges from CAD 500,000 to CAD 750,000, including the initial franchise fee, construction, equipment, inventory, and working capital. The breakdown of costs includes:
- Franchise Fee: CAD 45,000 to CAD 50,000
- Real Estate/Leasehold Improvements: CAD 200,000 to CAD 300,000
- Equipment: CAD 50,000 to CAD 70,000
- Other Initial Costs: CAD 100,000 to CAD 150,000
2. Ongoing Fees
- Royalty Fee: 5% of gross sales
- Marketing Fee: 2% of gross sales
3. Requirements
- Location: A prime, high-traffic location in a busy area like malls, food courts, or urban centers.
- Experience: Previous restaurant or franchise experience is preferred, but not mandatory.
- Net Worth: The franchisee should have a minimum net worth of CAD 1,500,000 and liquid assets of CAD 500,000.
4. Training & Support
QDOBA provides comprehensive training and ongoing support including site selection, design, operational training, marketing, and more.
5. Steps to Open a Franchise
- Research & Application: Submit an application and review the franchise agreement.
- Site Selection: Work with QDOBA to find a suitable location.
- Franchise Agreement: Sign the agreement after thorough review.
- Training: Complete the mandatory training program.
- Build & Open: Oversee the restaurant’s construction and operations setup.
Disclaimer:
https://worldbusiness.blog/ has no guarantee of accuracy. Always consult with QDOBA and a financial advisor before making any investment decisions.