Virgola - Oysters & Italian Wine Bar

Virgola - Oysters & Italian Wine Bar

Oysters, crudo, meats, cheeses, Italian wines
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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$155K - $242K
Units as of 2016
4 300.0% over 3 years

Company Overview

About Virgola - Oysters & Italian Wine Bar

Industry
Food
Founded
2013
Leadership
Joseph Marazzo, CEO

Franchising Overview

Franchising Since
2015 (7 years)
# of employees at HQ
5
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
4 (as of 2016)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
28 Greenwich Ave.
New York, NY 10011

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
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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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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021