INITIAL REQUIREMENTS • Financial Requirements & Start-Up Costs
As of 2019, the initial investment varied from just above $1,3mln to 2,1mln USD plus $0,3mln for initial operating ramp up.
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Location: ability to find a location suitable to franchisor business model compliant to local regulations and licensing requirements
• Significant Business Experience: Individuals who have demonstrated successful ownership or management of multiple business units or have managed multiple departments
• Business Plan: The ability to develop and execute a business plan
• Manage Finances Well: Ability to manage finances including a thorough understanding of business financial statements
• Good Management Skills: Commitment to personally manage the day-to-day operations of the restaurant business.
• Training: Willingness to complete an extensive, comprehensive, training program, to become proficient in all aspects of operating a CulianryON Franchising
• Exceptional Customer Experience: The capability to effectively manage an organization that recruits, trains, and motivates employees who deliver exceptional customer experience.
• Good Credit History: You must have an acceptable
credit historySUBSIDIARY MANAGEMENT• Initial Construction and business set-up
Lead the construction process and initial business set up according to the standards set by the franchisor
• Local managementThe franchisee manages the local subsidiary independently and punctually reports operating results and eventual difficulties to the franchisor
• Finance
- Manage local subsidiary cash-flow
- Pay franchising dues
- IT licensing fees (e.g. CRM system)
• Sales management
- Build a strong customer base
- Manage active sales team
- CRM system management
• Marketing & PR
- Manage local marketing and PR
- Protect and develop franchised brand in the territory
• Operations Management
- Manage local operations in compliance with operating standards, including event management team, F&B department, cleaning, etc
• HR management
- Ensure a committed, capable and well trained team
- Ensure high employee satisfaction
- Ensure efficient staffing according to standards
• Legal Compliance
- Compliance to Franchising contract agreement
- Compliance to local laws and regulations
ONGOING FEESDuring the term of the franchise, the franchisee pays the franchisor the following fees:
• Service Fee:- A quarterly fee based on the business sales performance (a service fee of 5.0% of monthly sales)