Moxies
Moxies operates premium casual restaurants and lounges offering diverse food products in a full-service setting. Known for its quality dining experiences, Moxies franchises range from $4.925 million to $7.437 million. Part of the restaurant industry.
About Moxies
Moxie's Restaurants LP is a Canadian restaurant chain operating in eight provinces, as well as the U.S. states of Texas, Arizona, Massachusetts, and Florida.
Read more on Wikipedia → · Facts from Wikipedia (CC BY-SA)
Moxies franchise FAQ
How much does it cost to open one — the total initial investment?
The total estimated initial investment necessary to begin operation of a Moxie's franchise ranges from approximately $4,925,000.00 to $7,437,000.00 [p.1]. This includes the initial franchise fee and other costs but does not specify exact figures for all expenses involved in opening one franchise.
What is the initial franchise fee?
The initial franchise fee varies based on the number of franchises being acquired: - $115,000 for a first franchise, - $95,000 for a second franchise, - $65,000 for any third or more franchises. [p.10]
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is 5.5% of Gross Sales weekly, but it increases to 7.5% if royalties cannot be charged on the sale of alcoholic beverages due to applicable law or a suspended liquor license [p.87, p.17]. For advertising contributions, the Franchisee pays 2.5% of Gross Sales weekly for such activities, which rise to 3% if alcohol sales are not subject to marketing fees due to applicable laws [p.18].
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?
Yes, you can sell or transfer your franchise. If you are purchasing a franchise from an existing franchisee, the franchise fee for new franchises will apply [p.11]. When transferring to an approved entity, you must pay a 15% transfer fee of the current franchise fee, which is non-refundable and not payable in installments [p.11].
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the agreement if it determines, in its sole and absolute discretion, that the franchisee has deliberately and persistently engaged in actions damaging to the business or its goodwill [p.135]. Additionally, the franchisor may terminate the agreement if the liquor license is revoked or suspended indefinitely due to the franchisee's actions or inactions [p.17], or if royalties cannot be charged on the sale of alcoholic beverages for any reason [p.17].
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?
Based on [p.50], you do not get an exclusive territory; instead, the size of your trading area is subject to negotiation and will be described in Schedule 2 to the applicable franchise agreement. Additionally, your trading area could potentially overlap with another franchisee's area if we assign a 'trading area' that encompasses part of yours.
What training and ongoing support does the franchisor provide?
The franchisor provides initial training prior to opening the franchise facility [p.174] and ongoing operational support that includes further training in the operation of a Moxie's Restaurant, new methods and methodology, and field supervision and consultation as deemed necessary by the franchisor [p.91]. This support is subject to additional costs borne by the franchisee if provided after the opening of the facility [p.91].
How many franchised outlets are there, and how many have closed or been terminated?
As of the date of this Franchise Disclosure Document, there are eight franchises that have been granted, all of which are open and operating [p.75]. This means no franchised outlets have closed or been terminated according to the provided information.
Does the franchisor share any financial performance or earnings information?
The franchisor may provide financial performance information if there is a reasonable basis for the information and it is included in the disclosure document [p.71]. However, the franchisor does not make any representations about future financial performance of franchises or company-owned outlets, nor do they authorize their employees to make such representations [p.71].
What am I restricted to selling, and where must I buy supplies?
You are restricted to selling only the food and beverage products, menu items, and combinations specified by the franchisor from time to time [p.59]. You must purchase and procure such items from sources and purveyors selected or approved by the franchisor in their sole discretion [p.38].