- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$62K - $357K
- Units as of 2014
-
12
Company Overview
About The Original SoupMan
| Industry | Food |
|---|---|
| Related Categories | Miscellaneous Quick-Service Restaurants |
| Founded | 1984 |
| Leadership | Lloyd Sugarman, CEO |
| Corporate Address |
1110 South Ave., #300 Staten Island, NY 10314 |
| Social | Facebook, Twitter |
Business Overview
| Franchising Since | 2004 (20 years) |
|---|---|
| Where seeking |
This company is offering new franchises worldwide. This company is offering new franchises in the following US states: |
| # of Units | 12 (as of 2014) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a The Original SoupMan 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
|
$15,000 - $35,000 |
|---|---|
|
Initial Investment
|
$61,500 - $357,000 |
|
Veteran Incentives
|
10% off franchise fee |
|
Royalty Fee
|
5% |
|
Ad Royalty Fee
|
1% |
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 | The Original SoupMan has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
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?
|
Yes |
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