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Entrepreneur: Start & Grow Your Business

Ground Round I.O.C.

Casual-themed restaurant

Background

Founded: 1969 Franchising since: 1970
500 US Route One
Freeport, Maine 04032
Phone:
(207)865-4433


Franchisor is a privately-held company with 9 employee(s); 3 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2007 50 0 0 0
2006 57 0 0 0
2005 66 0 0 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.

Costs and Fees

Total investment: $995K-1.8M
Franchise fee: $40K
Ongoing royalty fee: 2-3.5%
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: $2M
Cash liquidity requirement: $500K
Business Experience:
  • Industry experience
  • General business experience
  • Marketing skills

Operations
  • 65% of all franchisees own more than one unit
  • Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators)

Training and Support

Training
  • At franchisee's location: 14 days maximum

Ongoing Support
  • Newsletter
  • Meetings
  • Field operations/evaluations

Marketing Support
  • Co-op advertising
  • Ad slicks
  • National media
  • Regional advertising