Green Leaf
Green Leaf offers franchises in gourmet salads, smoothies, frozen yogurt, and pretzels through concepts like Green Leaf's Beyond Great Salads and Bananas Smoothies & Frozen Yogurt. Known for healthy eating options and specialty treats, it operates in the quick-service restaurant industry.
Green Leaf franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment to begin operation of one restaurant ranges from a low range for the Bananas Smoothies & Frozen Yogurt concept of $224,500 ($224,500 - $457,000) to a high range for the simultaneous purchase of the Green Leaf's Beyond Great Salads and Bananas Smoothies & Frozen Yogurt concept of $346,700 ($346,700 - $654,200). [p.31]
What is the initial franchise fee?
The initial franchise fee for a Green Leaf's Beyond Great Salads franchise is $25,000 within the Continental United States and $35,000 outside of it. An additional fee of $2,200 applies if you purchase Bananas Smoothies & Frozen Yogurt products. [p.15]
What are the ongoing royalty and advertising fees?
Ongoing royalties can be based on a percentage of franchisee gross revenues or a predetermined fixed fee. These royalties are recognized as franchisee sales occur and are deemed collectible. Additionally, franchisees contribute up to 1% of their sales towards an advertising fund used for advertising and promotional programs related to the Company's intellectual property. [p.213, p.213]
How long is the initial franchise agreement, and can I renew it?
The duration of the initial franchise agreement and the conditions for renewal are not specified in these excerpts. This isn't specified in the excerpts.
Can I sell or transfer my franchise, and what does that require?
To sell or transfer your franchise, you need to negotiate with a proposed transferee and pay a transfer fee of $10,000, unless Franchisor's costs exceed this amount, in which case the actual cost will be paid by the Franchisee. This fee must be paid prior to an approved transfer, and if Franchisor exercises its right to purchase, the fee is waived [p.87].
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the agreement on any grounds available by law [p.191]. Additionally, under Virginia law, it is unlawful for a franchisor to cancel a franchise without reasonable cause [p.192], meaning that termination must meet the definition of "reasonable cause" as defined in the Virginia Retail Franchising Act or Virginia laws.
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts.
Do I get an exclusive or protected territory?
No, you do not receive an exclusive territory. You are provided with a protected area around your specific location, but this does not guarantee exclusivity. The franchisor retains the right to operate other businesses and franchise others within your market area [p.45]. Additionally, the franchisor can establish or license others to open EYB Concepts anywhere within the Development Area unless an exclusive agreement is specifically negotiated [p.140].
What training and ongoing support does the franchisor provide?
The franchisor provides an initial training program at specified times and places, which includes instruction, training, and education in the operation of the restaurant [p.69]. Additionally, they may offer mandatory supplemental training courses or seminars for franchisees and their managers, covering various aspects beyond the initial training [p.41]. The franchisor covers the costs for training instructors, facilities, and materials but requires the franchisee to cover other expenses such as travel and living costs for participants [p.41].
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 make any financial performance representations other than the preceding one. They also do not authorize their employees or representatives to make such representations either orally or in writing [p.54]. However, if you are purchasing an existing outlet, they may provide actual records of that outlet's performance [p.54].
What am I restricted to selling, and where must I buy supplies?
You are required to sell all food, menu items, and other products and services authorized by the franchisor [p.50], and may not sell unauthorized products or services. You may have to buy or lease certain items from the franchisor or a limited group of suppliers they designate, which might be more expensive than alternatives [p.4].