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- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$135K - $1.1M
- Units as of 2022
9 350.0% over 3 years
Here’s what you need to know if you’re interested in opening a Tapville Social franchise.
Founded in 2016, Tapville Social is a self-service beer taproom that provides the option for a brick-and-mortar restaurant, a kiosk, and mobile franchise options.
Tapville Social aims to provide a fun and modern environment to enjoy beer and delicious food. Tapville Social is a technology-focused concept that provides an American-focused food menu with self-pour wine, beer, and cider. Tapville Social uses game-changing ideas to build the future of the restaurant industry.
Tapville Social began franchising in 2019 and has opened several locations in select states in the United States.
Why You May Want To Start a Tapville Social Franchise
As a potential Tapville Social franchisee, you will have opportunities in four primary segments: brick-and-mortar, retail, travel, and entertainment. Although Tapville Social prefers franchisees with hospitality experience, a background in hospitality is not one of the requirements. However, potential franchisees should be hardworking and have an entrepreneurial spirit.
When you open a Tapville Social franchise, you may be buying into a proven system. Tapville Social has a unique business model that is technology-enabled, and may be game-changing in the industry in which it operates. Tapville Social provides opportunities that fit different budgets and ownership goals with varying options for franchising.
What Might Make a Tapville Social Franchise a Good Choice?
Opening a Tapville Social franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.
To be part of the Tapville Social team, you 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 royalty and potential renewal fees. Franchisees will also need to meet the company's set liquid capital requirements.
Tapville Social has partnered with third-party financial lenders that may help cover the costs of the franchise fee, startup, equipment, inventory, accounts receivable, and payroll.
How To Open a Tapville Social Franchise
It may be a good idea to conduct research regarding the Tapville Social brand to fully understand the nature of the franchise, how it works, expectations for you, and options available. You should study the franchising terms and conditions. After collecting the necessary background information, you may proceed with the franchising process.
Before making any financial commitment or signing an agreement with Tapville Social, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Tapville Social franchising team questions.
If awarded a franchise, franchisees may receive a great deal of support from the Tapville Social brand throughout the franchising process. In addition to pre-opening training, franchisees may receive support through brand awareness, marketing, research, and construction. Potential Tapville Social franchisees may also receive hands-on training and continued support after opening their franchise location.
It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a Tapville Social franchise.
About Tapville Social
- Franchising Since
- 2019 (4 years)
- # of employees at HQ
- Where seeking
This company is offering new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, West Virginia, Wyoming
This company is offering new franchisees in the following international regions: Canada, Mexico
- # of Units
- 9 (as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Tapville Social 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
- $19,500 - $44,500
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
- $134,750 - $1,100,000
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.
- Cash Requirement
- $50,000 - $300,000
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- 10% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with 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.
- 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?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Tapville Social 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
- 80 hours
- Classroom Training
- 20 hours
- Ongoing Support
NewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite Selection
- Marketing Support
Ad 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 ownership opportunities like Tapville Social? Request a free consultation with a Franchise Advisor now.
Curious to know where Tapville Social ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse franchises that are similar to Tapville Social.
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