Start a Modern Market Eatery Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $729K - $1.5M

Units as of 2023: 26 8.3% over 3 years

Modern Market Eatery is a restaurant company offering a healthy alternative to standard fast-food options. The brand aims to make it simple to consume nutritious and delicious food, no matter where customers are or how little time they have. Modern Market Eatery believes it has the vision to make real food the standard in the fast-food industry.

Established in 2009, Modern Market Eatery has been franchising since 2020. With over 25 restaurant units scattered across the country, Modern Market Eatery is looking to tap into the franchisee market.

Why You May Want to Start a Modern Market Eatery Franchise

Opening a Modern Market Eatery franchise may be an excellent choice for franchisees that have the goal of helping people consume healthy foods with the service speed of traditional fast-food restaurants. Thanks to tech-enabled kitchens, fast ticket times, and solid digital ordering features, allowing customers to enjoy good, quality, fast food is possible. In addition to a broad menu of scratch-prepared foods, Modern Market Eatery also takes environmental sustainability seriously.

To operate the day-to-day operations of a Modern Market Eatery restaurant, Modern Market Eatery requires that franchisees or their authorized operational partners have proven restaurant expertise. To put it simply, if you don't have restaurant management experience yourself, you must hire someone who does.

What Might Make a Modern Market Eatery Franchise a Good Choice?

Modern Market Eatery is committed to using authentic, whole, and sustainable ingredients. These ingredients may be the ones that customers recognize. They are also expected to be organic and local if possible. Artificial flavors and colors, trans fat, hydrogenated foods, antibiotics, hormones, and otherwise strange ingredients are all expected to be avoided in a Modern Market Eatery franchise.

The farmers' market's vibrant, colorful, and savory fare has influenced Modern Market Eatery's cuisine. Every dish may be prepared from scratch. Some of the dishes are traditional, while others are new and unique, but they all are expected to be well-prepared.

To be part of the Modern Market Eatery team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

How to Open a Modern Market Eatery Franchise

As you decide if opening a Modern Market Eatery franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Modern Market Eatery franchise would do well in your community. When looking for a location for your Modern Market Eatery franchise, look in a hip and trendy neighborhood that values quality healthful food.

You may want to speak to existing franchisees and ask the Modern Market Eatery franchising team questions as part of your due diligence.

If awarded a franchise, franchisees may receive a great deal of support from the Modern Market Eatery brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, and local market research.

Company Overview

About Modern Market Eatery

Industry	Food
Related Categories	Miscellaneous Quick-Service Restaurants
Founded	2009
Parent Company	Modern Restaurant Concepts
Leadership	Rob McColgan, Cofounder & President
Corporate Address	3001 Brighton Blvd., #705 Denver, CO 80216
Social	Facebook, Twitter, LinkedIn, Instagram

Business Overview

Franchising Since	2020 (4 years)
# of employees at HQ	18
Where seeking	This company is offering new franchises throughout the US.
# of Units	26 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Modern Market Eatery franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$40,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$728,500 - $1,468,750
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$4,000,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$1,500,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	10% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	1%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	Modern Market Eatery has relationships with third-party sources which offer financing to cover the following: startup costs, equipment

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	297 hours
Classroom Training	63 hours
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Ad Templates Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No