- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$136K - $276K
- Units as of 2018
-
12
Company Overview
About myfrii
Industry | Food |
---|---|
Related Categories | Miscellaneous Quick-Service Restaurants |
Founded | 2015 |
Parent Company | Get Fried Franchise Group LLC |
Leadership | Christopher Covelli, CEO |
Corporate Address |
357 Crescent Ave. Buffalo, NY 14214 |
Social | Facebook, Twitter, Instagram |
Business Overview
Franchising Since | 2015 (9 years) |
---|---|
# of employees at HQ | 7 |
Where seeking |
This company is offering new franchises worldwide. |
# of Units | 12 (as of 2018) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a myfrii 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
|
$30,000 |
---|---|
Initial Investment
|
$136,250 - $275,500 |
Net Worth Requirement
|
$100,000 - $300,000 |
Cash Requirement
|
$75,000 - $150,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
6% |
Ad Royalty Fee
|
2% |
Term of Agreement
|
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 | myfrii has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
---|
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 | 18.3 hours |
---|---|
Classroom Training | 21 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
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?
|
No |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
No |
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