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Savory Spice Shop

2014 Franchise 500
#418
At a Glance

Products & Services: Spices, seasonings, extracts, sauce mixes

Number of Locations: 29

Total Investment: $187.4K - $309.7K

Founded: 2004

Began Franchising: 2009

About Savory Spice Shop

Mike and Janet Johnston opened the first Savory Spice Shop in Denver, Colorado, in 2004. In 2009, they began franchising. Savory Spice Shop stores offer herbs, spices, seasonings, sauces and other specialty food items. The company manufactures over 160 original-recipe spice blends.

Franchise Units

Year U.S. Canadian International Company Owned
2014 24 0 0 5
2013 21 0 0 5
2012 22 0 0 4
2011 17 0 0 4
2010 7 0 0 4
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.

Startup Costs, Ongoing Fees and Financing

Total Investment: $187,386 - $309,653
Franchise Fee: $27,500 - $35,000
Ongoing Royalty Fee: 4-6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $400,000
Liquid Cash Available: $100,000
Operations
Number of employees needed to run franchised unit: 3. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 4 weeks. At franchisee's location: 7 days.
Ongoing Support: Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
Marketing Support: Co-op advertising, Ad slicks,

Franchise Ranking History

Franchise 500®: #418 (2014), #438 (2013),
Top New: #41 (2014), #39 (2013),