Beyond the frozen libations, they also offer a full-service bar with beer and wine. Vitrano said that the cities they go into have to measure up. They prefer cities that are destinations, lively, offer lots of entertainment, and have a college component. Cattan and Vitrano said it's about a 12 to 14 month process identifying the right franchisee and getting a location open.
We supplement that with some search engine optimization using social media to put targeted advertising out in the Memphis area. We need your help Please Sign In and use this article's on page print button to print this article.
Deadline: Friday, February 14, What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee. Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses. Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations. Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD. Curious to know where Fat Tuesday ranked on other franchise lists? Find out below. Never miss a beat when you sign up to receive our newsletter. We care about the protection of your data. Read our Privacy Policy. Are you eager to see what else is out there? Browse more franchises that are similar to Fat Tuesday.
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The amount far exceeds the average salary in the region where you live. This branch will replicate some of the chain's classic dishes with vegetarian ingredients. Skip to content Profile Avatar. Subscribe to Entrepreneur. Magazine Subscriptions. Home Home.
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