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Entrepreneur: Start & Grow Your Business

Eggs Up Grill

Breakfast & lunch restaurant

Background

Founded: 1997 Franchising since: 2005
13088 Ocean Hwy., #4
Pawleys Island, South carolina 29585
Phone:
(843)237-7000


Franchisor is a privately-held company with 25 employee(s); 2 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2008 3 0 0 1
2007 2 0 0 1
2006 0 0 0 1
2005 0 0 0 1

Costs and Fees

Total investment: $286.2K-655.7K
Franchise fee: $28K
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: $500K
Cash liquidity requirement: $150K-200K
Business Experience:
  • Industry experience

Operations
  • Number of employees needed to run franchised unit: 20
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 8 weeks

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

Marketing Support
  • Co-op advertising