Q. How much will I need to invest?
A. The estimated cost of a Little Daddy’s Gumbo Bar franchise will be approximately $362,500 to $553,500 and varies upon location.
Q. What does the franchise system include?
A. Owning and operating an assigned Little Daddy’s Gumbo Bar franchise, use of brand name, trademarks, recipes, operational systems, prototype deign, and décor. Additionally, you will receive support in these specific areas:
Q. How much is the franchise fee for a Little Daddy’s Gumbo Bar franchise?
A. $30,000 for each location.
Q. Does Little Daddy’s Gumbo Bar offer multi-unit development opportunities?
A. Yes. Little Daddy’s Gumbo Bar is actively seeking franchisees who will build multiple restaurant locations over time. To secure the rights to open multiple units in a specific trade area, you must pay an area development fee equal to $15,000 multiplied by the number of restaurants to be developed. This $15,000 deposit is then credited toward the franchise fee for each restaurant developed. For example, if you purchased the right to develop three units in a specific trade area, you would be required to pay $45,000 ($15,000 x 3) as the deposit on three franchised restaurants, plus $15,000 as the balance of the franchise fee for the first unit, for a total of $60,000. You would be obligated to pay the balance on each franchise fee, or $15,000, for the second and third restaurant locations when leases for those locations are signed.
Q. How much is the on-going royalty fee?
A. 6% of total gross sales less sales tax.
Q. How much is the advertising and promotional obligation?
A. 3% of total gross sales less sales tax. We allocate this 3% advertising and promotional obligation between contributions to the Little Daddy’s Gumbo Bar system advertising fund and expenditures for local advertising.
Q. How is the site selected for my restaurant?
A. Little Daddy’s Gumbo Bar will provide site assistance and must approve all Little Daddy’s Gumbo Bar locations. It is the franchisees responsibility to present potential sites for approval to Little Daddy’s Gumbo Bar. Little Daddy’s Gumbo Bar will provide a Site Approval Package to assist each franchisee in this regard.
Q. Do I need to be involved in the day-to-day operation of my franchise?
A. At least one owner or a designated general manager must be involved on a full-time basis and must be responsible for the day-to-day operations and management. At least one owner must assume responsibility for general oversight and management of each restaurant.
Q. How will I know if I have the necessary finances?
A. You must show a net worth in excess of $1,000,000 with $300,000 available in liquid assets for each proposed restaurant to be developed.
Q. How long is the term of a Little Daddy’s Gumbo Bar franchise agreement?
A. The franchise agreement term is ten (10) years, renewable for another ten (10) years.
Q. I am interested in a Little Daddy’s Gumbo Bar franchise. What do I do next?
A. For more information, and to help us serve you efficiently, please complete our online application and you will be contacted by a Little Daddy’s Gumbo Bar franchise representative.
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