- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$144K - $1.5M
- Units as of 2019
-
2 0.0% over 3 years
Company Overview
About Shots
Industry | Food |
---|---|
Related Categories | Sports Bars/Pubs |
Founded | 2012 |
Leadership | Oscar Zapata, CEO |
Corporate Address |
356 N.W. 24 St. Miami, FL 33127 |
Social | Facebook, Twitter, Instagram |
Business Overview
Franchising Since | 2015 (9 years) |
---|---|
# of employees at HQ | 40 |
# of Units | 2 (as of 2019) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Shots franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$34,900 |
---|---|
Initial Investment
|
$143,900 - $1,512,400 |
Cash Requirement
|
$200,000 |
Royalty Fee
|
7% |
Ad Royalty Fee
|
2% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Shots has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 96 hours |
---|---|
Classroom Training | 202 hours |
Ongoing Support |
Meetings & Conventions
Grand Opening
Security & Safety Procedures
|
Marketing Support |
Ad Templates
National Media
Regional Advertising
Social Media
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 1 |
Are exclusive territories available?
|
Yes |
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