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The Melting Pot Restaurants Inc.

Fondue-specialty restaurant

Background

Founded: 1975 Franchising since: 1984
Since 1984, The Melting Pot franchises have opened nationwide, serving a variety of cheese and dessert fondues, salads and entrees including filet mignon, lobster tail, sirloin and breast of chicken, all prepared in different fondue cooking styles. No restaurant experience is required to become a franchisee.
8810 Twin Lakes Blvd.
Tampa, Florida 33614
Phone:
(800)783-0867/ (813)881-0055


Franchisor is a privately-held company with 22 employee(s); 15 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 138 0 0 6
2008 134 0 0 6
2007 114 0 0 4
2006 100 0 0 6
2005 89 0 0 4

Where Seeking Franchisees
In the U.S. Alabama, Arkansas, California, Connecticut, Florida, Georgia, Iowa, Illinois, Indiana, Kansas, Kentucky, Massachusetts, Maryland, Maine, Michigan, Minnesota, Nebraska, North carolina, New hampshire, New jersey, Nevada, New york, Ohio, Oklahoma, Pennsylvania, Rhode island, South carolina, Tennessee, Texas, Virginia, Washington, Wisconsin
Worldwide

Exclusive territories available.
Territory size: 5-mile radius

Costs and Fees

Total investment: $876.7K-1.5M
Franchise fee: $35K
Ongoing royalty fee: 4.5%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No Yes
Payroll No Yes

Qualifications
Net worth requirement: $700K
Cash liquidity requirement: $325K-400K
Business Experience:
  • General business experience

Operations
  • 45% of all franchisees own more than one unit
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 7 weeks
  • Available at franchisee's location

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks

Other marketing support
  • Local marketing & media planning services

Rankings

Franchise 500® rank:
#203 (2009); #201 (2008); #199 (2007); #211 (2006); #227 (2005);

Ranked #1 in category in:
2009;

America's Top Global Franchises:
#157 (2009); #175 (2008);


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