Signing out of account, Standby...
- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$614K - $1.1M
- Units as of 2020
29 625.0% over 3 years
Here’s what you need to know if you’re interested in opening a The Juicy Crab franchise.
Searching for the perfect seafood recipe may be tougher than it looks in a world where you can get anything done with a few clicks. The Juicy Crab knows that uniquely seasoned seafood is hard to come by, and with its blend of spices, they attempt to make the search worth it.
Founded in 2015 by the Chen family, The Juicy Crab gives customers a front-row seat to the New Orleans cooking style. Every meal is an opportunity for customers to experience the different styles that Grandfather Chen picked up and strove to perfect on his many travels.
The Juicy Crab crafted its style and seasonings to "catch" customers. The delicacies cooked in the restaurant's kitchens may find favor among customers who don't mind getting their hands a little messy as they uncover new taste horizons.
Why You May Want To Start a The Juicy Crab Franchise
From its market experience, The Juicy Crab understands that running a restaurant requires an ability to keep calm under pressure. The Juicy Crab seeks individuals with experience in high-volume restaurant operations who can adequately meet The Juicy Crab’s expectations. Potential franchisees also need good communication skills, as this is necessary to keep customers happy and satisfied.
What Might Make a The Juicy Crab Franchise a Good Choice?
The Juicy Crab has worked to crack the code for meeting the demand for high-quality food. By blending the features of a walk-in restaurant with the capabilities of an online brand, The Juicy Crab can reach customers wherever they are. It appears that the brand's business model is very flexible.
As a franchisee, you should expect to meet the demands of running a fast-paced service with good organizational skills to make daily operations efficient. As a franchisee, you should also expect to keep menus updated and manage your restaurant team to meet quality and sales targets.
To be part of The Juicy Crab 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 The Juicy Crab Franchise
The Juicy Crab tries to streamline the franchise process by providing all the necessary support to franchisees. The brand is prepared to tell you how the market works, introduce you to its business model, and teach you how to run operations.
As you decide if opening a The Juicy Crab 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 The Juicy Crab franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
After completing the initial steps of applying for a The Juicy Crab franchise, you should compile a set of questions as you move forward with an initial phone call and attend a company discovery day.
About The Juicy Crab
- Franchising Since
- 2017 (5 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees in the following US states:
This company is seeking new franchisees in the following international regions:
- # of Units
- 29 (as of 2020)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a The Juicy Crab 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.
- Initial Investment
- $613,500 - $1,106,500
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.
- 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.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- 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.
- 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.
- Term of Agreement
- 10 years
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.
- Is franchise term renewable?
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
- 368 hours
- Classroom Training
- 16 hours
- Ongoing Support
Purchasing Co-opsNewsletterGrand OpeningOnline SupportLease NegotiationField OperationsSite Selection
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- 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.
- 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.
- # of employees required to run
- 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.
Interested in franchise ownership like The Juicy Crab? Request a free consultation with a Franchise Advisor now.
Are you eager to see what else is out there? Browse more franchises that are similar to The Juicy Crab.
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