Earl Of Sandwich
Earl of Sandwich offers fast casual restaurants serving sandwiches, soups, and salads in a limited menu format. Known for its convenient meal options, the brand operates in the competitive quick-service restaurant sector.
Earl Of Sandwich franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to begin the operation of an Earl of Sandwich Restaurant ranges from $319,500 to $608,000 for traditional locations and from $315,000 to $663,500 for nontraditional locations. This includes a mandatory payment of $25,000 to $33,500 to the company. [p.1]
What is the initial franchise fee?
The initial franchise fee is $15,000 and it covers the right to use the System and Proprietary Marks [p.71, p.113].
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is 6% of Gross Sales for the right to use the System and Proprietary Marks, with adjustments if alcoholic beverage revenues are affected by federal, state, or local laws [p.114]. Advertising expenses are covered by the Company, as they incur all advertising costs as they are incurred without specifying a percentage fee from franchisees [p.193].
How long is the initial franchise agreement, and can I renew it?
The initial term of the franchise agreement is not specified in these excerpts. However, you have the option to renew the franchise agreement for a Renewal Term, provided you comply with the conditions set forth, including timely execution of the renewal agreement and payment of the Renewal Fee [p.107].
Can I sell or transfer my franchise, and what does that require?
Yes, you can sell or transfer your franchise, but it requires approval from EOS. You must advise EOS in writing of any proposed transfer, submit a franchise application for the proposed transferee, and provide all relevant contracts and other information requested by EOS [p.139, p.80]. EOS will then decide whether to approve the transfer based on various factors deemed relevant by them [p.212, p.139, p.80].
On what grounds can the franchisor terminate the agreement?
According to [p.215] and [p.211], a franchisor can terminate the agreement for good cause, which includes the failure of the franchisee to comply with any lawful provision of the franchise agreement and failing to cure such failure after receiving written notice and a reasonable opportunity (no more than 30 days) to do so.
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts. The FDD focuses on general financial resource requirements but does not provide specific details about net worth or liquid capital needed to qualify as a franchisee or developer.
Do I get an exclusive or protected territory?
No, you do not receive an exclusive or protected territory. According to the FDD excerpts, [p.169] states that Franchisee has no exclusive territory or Protected Area, and EOS reserves the right to operate Earl of Sandwich Restaurants anywhere in the Protected Area. This isn't specified in the provided excerpts.
What training and ongoing support does the franchisor provide?
The franchisor provides initial manager training [p.39] and team member training on-site at the Franchised Restaurant before opening [p.32]. Ongoing, the Operating Principal must successfully complete an initial manager training program or a modified version as deemed appropriate by EOS [p.39], and there is no specific mention of ongoing support beyond this in the provided excerpts.
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. However, if you are purchasing an existing outlet, they may provide actual records of that specific outlet [p.47]. Any additional financial performance information received should be reported to the franchisor's management and relevant regulatory agencies [p.47].
What am I restricted to selling, and where must I buy supplies?
You are required to sell only those products and services expressly authorized by the franchisor in the Manual or otherwise in writing. The franchisor can change the menu items, ingredients, and other aspects without limitation. For supplies, you must purchase all necessary items through the franchisor's approved and designated suppliers for catering and delivery programs, as specified on page [p.104].