Native Grill and Wings offers casual dining restaurants featuring quality food and spirits in a sports-themed environment. Known for its family-friendly atmosphere, the franchise requires significant investment ranging from $1,017,000 to $2,905,000. Part of the quick-service restaurant industry.
The total initial investment necessary to begin operating a Native Grill and Wings restaurant ranges from $1,017,000 to $2,905,000. This includes $50,000 that must be paid to Native Grill and Wings Franchising, LLC. [p.1]
The initial franchise fee is $50,000 when you sign the Franchise Agreement [p.15, p.81]. This fee is fully earned and nonrefundable once the agreement has been signed, except for a potential refund of $5,000 if certain conditions are met [p.15].
The ongoing royalty fee is 6% of your Gross Sales, paid weekly on Wednesdays. Advertising fees include costs for any advertising agency we engage, but these are not directly paid by you; they are part of the Brand Fund's expenses [p.81, p.74, p.34].
This isn't specified in the excerpts.
According to the FDD, a franchisor can refuse to permit the transfer of ownership of a franchise except for good cause. Good cause includes but is not limited to unspecified factors [p.151]. This provision also states that it doesn't prevent a franchisor from exercising a right of first refusal to purchase the franchise [p.5].
The franchisor can terminate the agreement on any grounds available by law [p.155]. Additionally, the franchisor may terminate a franchise prior to expiration for good cause, which includes the failure of the franchisee to comply with lawful provisions of the franchise agreement and failing to cure such failures after receiving written notice and a reasonable opportunity to cure [pp.3, 5, 151, 158].
This isn't specified in the excerpts. The provided FDD excerpts focus on the franchisor's financial situation rather than the franchisee's qualifications, including net worth or liquid capital requirements.
You receive a protected territory but not an exclusive one. The territory includes a minimum population of 70,000 and can be defined in various ways [p.39]. You will have certain territorial protections against the development of other Native Grill and Wings Restaurants using your marks within your territory [p.39], except for specific exceptions like Captive Venues [p.39].
The franchisor provides reasonable marketing consulting, guidance, and support throughout the franchise term on an as-needed basis [p.33]. Additionally, all owners (other than passive owners) and General Managers must attend and successfully complete the entire initial training program to the franchisor's satisfaction, which includes Executive Training, MIT Training, and Onsite Training [p.27].
As of December 31, 2023, there were a total of 20 franchised Restaurants in operation. This FPR excludes data from some Restaurants that were open as of December 31, 2023, but the specific number of closed or terminated outlets is not provided in these excerpts. [p.49]
The franchisor shares certain financial performance data achieved by 17 franchised Restaurants during the 2023 calendar year [p.49]. However, other than this specific data, the franchisor does not make any financial performance representations and does not authorize its employees or representatives to do so either orally or in writing [p.54].
You are generally required to purchase or lease certain "source restricted" goods and services from suppliers designated or approved by the franchisor. This includes items that must meet specific specifications as outlined in the Manual [p.21]. While you may operate a similar business, the franchise agreement typically prohibits operating without adhering to these purchasing requirements [p.3].