Curry Up Now
Curry Up Now offers unique Indian-inspired fast-casual restaurants with signature dishes like tikka masala burritos and sexy fries. Known for blending traditional flavors with modern twists, it operates in the casual dining sector.
Curry Up Now franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to begin operations of a Curry Up Now smaller fast-casual restaurant franchise ranges from $311,450 to $939,250. For a larger fast-casual restaurant with a cocktail bar, the range is from $699,650 to $1,674,750 [p.1].
What is the initial franchise fee?
The initial franchise fee is $35,000 and must be paid in a lump sum upon signing the Franchise Agreement. This fee is not refundable under any circumstances [p.13, p.111].
What are the ongoing royalty and advertising fees?
The ongoing weekly royalty fee is 6% of Gross Sales, payable each week based on the preceding week's sales. For advertising, a small restaurant must spend $1,667 per month, while a large restaurant spends $2,500 per month during the 7th through 12th months of operation, using local vendors to advertise in the Designated Territory and submitting monthly updates. [p.111, p.32]
How long is the initial franchise agreement, and can I renew it?
This isn't specified in the excerpts.
Can I sell or transfer my franchise, and what does that require?
You can generally sell or transfer your franchise, but the franchisor has the right to refuse such transfers except for good cause. Good cause includes reasons like non-compliance with franchise standards [p.6]. The franchisor also retains a right of first refusal to purchase the franchise instead [p.235].
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the agreement if there is a failure by the franchisee to comply with any lawful provision of the franchise agreement and the franchisee does not cure such failure after being given written notice and a reasonable opportunity, which cannot exceed 30 days [p.6 & p.235]. Additionally, termination without reasonable cause is unlawful under Virginia Retail Franchising Act unless the grounds for default or termination stated in the agreement constitute 'reasonable cause' as defined by law [p.247].
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts. The provided FDD does not detail specific net worth or liquid capital requirements for franchise qualification. However, it does require you to provide recent financial statements that present fairly your financial position and results of operations [p.116], and have sufficient working capital to fulfill obligations under the agreement [p.116].
Do I get an exclusive or protected territory?
No, you do not receive an exclusive territory [p.229, p.43, p.41]. You may face competition from other franchisees, company-owned outlets, or other competitive brands [p.229, p.43, p.41].
What training and ongoing support does the franchisor provide?
The franchisor provides initial HQ Initial Training for up to three trainees at no charge, which includes their Manual, marketing materials, and other beneficial resources [p.36]. For ongoing support, annual or periodic refresher training programs and annual meetings are mandatory, though fees may apply; the location is typically near headquarters but not unreasonably expensive [p.38]. Additionally, the franchisor requires key personnel to complete initial mandatory training before the opening of the restaurant [p.117], and can require transferees to complete any then-in effect training programs at their expense [p.143].
How many franchised outlets are there, and how many have closed or been terminated?
This isn't specified in the excerpts.
Does the franchisor share any financial performance or earnings information?
The franchisor does not provide representations about future financial performance or past financial performance of company-owned or franchised outlets, both orally and in writing [p.54]. However, if you are purchasing an existing outlet, they may provide actual records of that outlet's performance [p.54]. Any other financial information or projections should be reported to the franchisor’s management, the Federal Trade Commission, and state regulatory agencies [p.54].
What am I restricted to selling, and where must I buy supplies?
You are restricted to selling products within your designated territory, specifically to customers who live anywhere but who choose to dine at or from your Restaurant. You may not directly sell or deliver products to customers located outside of your designated territory unless there is no other Curry Up Now Restaurant in operation in that area [p.42]. For supplies, you must obtain most items from suppliers approved by the franchisor, except for certain materials bearing the Marks and proprietary products which the franchisor or its affiliates may retain the right to supply [p.122].