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Entrepreneur: Start & Grow Your Business

Chedd's Gourmet Grilled Cheese

Gourmet grilled cheese sandwiches

Background

Founded: 2003 Franchising since: 2007
1906 Pearl St.
Denver, Colorado 80203
Phone:
(303)948-1520


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

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 0 0 0 2
2008 0 0 0 2
2007 0 0 0 2
2006 N/A N/A N/A 2
2005 N/A N/A N/A 2

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, 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

Costs and Fees

Total investment: $126.5K-323.5K
Franchise fee: $35K
Ongoing royalty fee: 6%
Term of agreement: 5 years, renewable


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

Qualifications
Net worth requirement: $300K
Cash liquidity requirement: $127K

Operations
  • Number of employees needed to run franchised unit: 2 - 4
  • Absentee ownership of franchise is NOT allowed.

Training and Support

Training
  • Available at headquarters: 2-3 weeks
  • At franchisee's location: 1 week
  • Y : 1 week

Ongoing Support
  • Newsletter
  • Meetings
  • Grand opening
  • Security/safety procedures
  • Field operations/evaluations

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