- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$155K - $242K
- Units as of 2016
-
4
Company Overview
About Virgola - Oysters & Italian Wine Bar
Industry | Food |
---|---|
Related Categories | Miscellaneous Full-Service Restaurants |
Founded | 2013 |
Leadership | Joseph Marazzo, CEO |
Corporate Address |
28 Greenwich Ave. New York, NY 10011 |
Social | Facebook, Twitter |
Business Overview
Franchising Since | 2015 (9 years) |
---|---|
# of employees at HQ | 5 |
Where seeking |
This company is offering new franchises in the following US states: This company is offering new franchises in the following international regions: |
# of Units | 4 (as of 2016) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Virgola - Oysters & Italian Wine Bar 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
|
$35,000 |
---|---|
Initial Investment
|
$154,600 - $241,500 |
Cash Requirement
|
$35,000 - $50,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
5% |
Ad Royalty Fee
|
3% |
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 | Virgola - Oysters & Italian Wine Bar has relationships with third-party sources which offer financing to cover the following: 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 | 5-7 days |
---|---|
Ongoing Support |
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
|
Marketing Support |
Ad Templates
National Media
Regional Advertising
|
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 |
# of employees required to run | 4 |
Are exclusive territories available?
|
Yes |
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