Bango Bowls
Bango Bowls offers quick serve casual dining restaurants with 'better-for-you' menus including salads and acai bowls. Known for diverse, health-conscious options, it operates in the casual dining restaurant sector.
Bango Bowls franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment to begin operating a Restaurant ranges from $177,082 to $614,692, which includes a $36,000 to $40,000 fee that must be paid to the franchisor or its affiliates prior to opening. [p.1]
What is the initial franchise fee?
The initial franchise fee is $40,000, which is paid upon execution of your Franchise Agreement and is deemed fully earned and non-refundable [p.9, p.64].
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is 6% of gross sales generated by the franchised business each month [p.64]. Advertising fees, which contribute to a marketing and promotional fund, are collected based on a percentage of franchisee gross sales [p.147]. These fees are used for advertising, promotion, and other brand development activities as outlined in the FDD [p.74, p.85].
How long is the initial franchise agreement, and can I renew it?
The initial term of the franchise agreement is not explicitly stated in the provided excerpts. However, you have the right to request up to two additional terms of five years each for renewal, provided you comply with the conditions set by the franchisor [p.63].
Can I sell or transfer my franchise, and what does that require?
According to the FDD, you can transfer your franchise with approval from the franchisor [p.163]. However, any transfer must comply with applicable state and federal laws governing the offer and sale of franchises [p.94]. This includes satisfying all conditions specified in the Franchise Agreement for a valid transfer.
On what grounds can the franchisor terminate the agreement?
The franchisor may terminate the agreement on any grounds available by law, as stated on [p.155].
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts. The FDD does mention the need for adequate financial resources and capital to meet performance obligations [p.93], but it doesn't provide specific details on net worth or liquid capital requirements.
Do I get an exclusive or protected territory?
No, you do not receive an exclusive territory. You may face competition from other franchisees, outlets owned by the company, or other channels of distribution or competitive brands controlled by the franchisor [p.35, p.36].
What training and ongoing support does the franchisor provide?
The franchisor provides an initial training program (Initial Training Program) for the franchisee and up to two additional personnel designated by the franchisee. This program is conducted at the franchisor's corporate headquarters or a designated facility, and may also be available remotely. The franchisee must have at least one of their attendees complete this Initial Training Program, typically including an operations manager who will manage the day-to-day operations of the business. Ongoing support includes requiring the franchisee to train all employees on various aspects of running the business according to the franchisor's standards and specifications [p.64, p.75].
How many franchised outlets are there, and how many have closed or been terminated?
As of December 31, 2024, there was one franchised Restaurant that first opened during the 2024 calendar year. The FDD does not specify any closures or terminations of franchised outlets in the provided excerpts. [p.48]
Does the franchisor share any financial performance or earnings information?
The franchisor may provide financial performance information based on actual records of existing outlets you are considering buying [p.48]. However, other than as disclosed in Item 19, the franchisor does not make any representations about future or past financial performance of company-owned or franchised outlets and authorizes no such representations by its employees or representatives [p.50].
What am I restricted to selling, and where must I buy supplies?
You are restricted to offering and selling only the products that the franchisor requires and authorizes for the system. You must prepare and present all menu items according to their standards and specifications using prescribed ingredients and techniques [p.41]. Additionally, you may have to purchase or lease certain items from the franchisor or a limited group of suppliers they designate, which could be more expensive than other options [p.4].