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Entrepreneur: Start & Grow Your Business

Locos Grill & Pub

Sandwiches, salads, wings, burgers, entrees, desserts

Background

Founded: 1988 Franchising since: 1997
Address:
290 Research Dr.
Athens, Georgia 30605
Phone:
(706)548-7277

Franchisee Association
LDP Independent Owners Group

Franchisor is a privately-held company with 11 employee(s); 3 employee(s) in franchise department.

Franchise Units
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2007 23 -- -- 3
2006 23 -- -- 3

Where Seeking Franchisees
Nationwide

Costs and Fees

Total investment: $422,000 - $534,200
Franchise fee: $35,000
Ongoing royalty fee: 4%
Term of agreement: 10 years, renewable


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

Qualifications
Net worth requirement: $380,000
Cash liquidity requirement: $0
Business Experience:
  • Customer service skills

Operations
  • 20% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 40
  • Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 1 week
  • At franchisee's location: 9 weeks
  • Training seminars : 1-2 days

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
  • National media
  • Regional advertising

Other marketing support
  • Local publicity

Rankings

Franchise 500® rank:
#405 (2007); #435 (2006);