Everbowl
Everbowl franchises offer health-focused retail stores selling bowls, smoothies, and toppings. Known for their nutritious menu options, Everbowl operates in the health food and beverage franchise sector.
Everbowl franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to begin operations under the multi-unit development agreement ranges from $119,250 to $198,750 for a minimum of 3 stores and a maximum of 5 stores. This amount is paid to the franchisor or its affiliates. [p.1]
What is the initial franchise fee?
The initial franchise fee is $39,750 upon executing the Franchise Agreement [p.10]. This fee is fully earned and non-refundable [p.66]. However, it was discounted to $30,000 for some franchisees in 2024 if solicited by an area representative [p.10], and veterans who are honorably discharged can get a 15% discount ($5,962.50) on the initial franchise fee, but this discount does not apply to Multi-Unit Development Agreements [p.11].
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is due weekly during the Initial Term, as specified on the attached Data Sheet [p.67]. Additionally, there is an obligation to pay a Marketing Fee, also detailed on the Data Sheet, which is contributed to the Marketing Fund and used for regional or national advertising [p.75]. Both fees are payable at the same time and in the same manner as the Royalty Fee [p.74].
How long is the initial franchise agreement, and can I renew it?
The initial franchise agreement term is set at ten years with renewal options [p.139]. A franchisee may generally renew their agreement upon its expiration, subject to the company's approval and payment of a renewal fee [p.82].
Can I sell or transfer my franchise, and what does that require?
According to the FDD, you generally cannot sell or transfer your franchise without good cause as specified by the franchisor [p.5]. However, the franchisor may have a right of first refusal in case of a transfer [p.5]. Good cause for refusing a transfer includes but is not limited to unspecified factors [p.5].
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the franchise agreement prior to expiration for good cause, which includes the failure of the franchisee to comply with any lawful provision of the franchise agreement and to cure such failure after being given written notice and a reasonable opportunity (no more than 30 days) to do so [p.5]. Additionally, under Virginia law, cancellation without reasonable cause is unlawful, and provisions for termination that do not constitute 'reasonable cause' may not be enforceable [p.164].
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts. The FDD does not provide specific details on the required net worth or liquid capital amounts for franchisee qualifications. However, it emphasizes maintaining sufficient working capital reserves [p.68, p.111] and being able to comply with obligations under the Agreement by having adequate working capital availability upon request from the franchisor.
Do I get an exclusive or protected territory?
No, you do not receive an exclusive territory. You may face competition from other franchisees and from stores owned by the company or its affiliates [p.34, p.35]. However, during the term of the Multi-Unit Development Agreement, the company will not operate or grant a franchise for an everbowl Store within your Development Area if you comply with all terms [p.35].
What training and ongoing support does the franchisor provide?
The franchisor provides an initial training program lasting 5 days, supervised by Hailey Coffman or a substitute with relevant experience. This includes materials like manuals, videos, and point-of-sale system programs. Ongoing support involves additional mandatory training sessions and seminars at your expense, covering travel, lodging, meals, and wages. Optional training is also available but not required [p.31-32].
How many franchised outlets are there, and how many have closed or been terminated?
As of December 31, 2024, there were 82 franchised everbowl Stores open and operating. However, from this number, 6 stores were closed in 2024 due to extended periods of at least 1 month, and 4 stores had physical or operational characteristics that are not typical for an everbowl Store. Therefore, the Data Set for analysis consists of 52 franchised everbowl Stores [p.46].
Does the franchisor share any financial performance or earnings information?
The franchisor is permitted to provide financial performance information if there is a reasonable basis for it and if certain conditions are met. This can include actual records from existing outlets or supplementary information under specific circumstances, but the franchisor does not make general financial performance representations beyond what is included in Item 19 of the disclosure document [p.46].
What am I restricted to selling, and where must I buy supplies?
You are required to sell only those menu items, food products, and services that the franchisor approves in writing. You must operate strictly according to the System Standards detailed in the Manual or other written materials [p.22]. Additionally, you may have to purchase or lease certain items from the franchisor or a limited group of suppliers they designate, as these items might be more expensive than those available elsewhere [p.3].