Noble Romans
Noble Romans offers a Roman-themed restaurant experience, serving traditional and contemporary Roman cuisine. Known for its authentic atmosphere and menu, the franchise operates in the casual dining sector.
About Noble Romans
Noble Roman's is an American pizza company based in Indianapolis, Indiana.
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Noble Romans franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to begin operation of a Noble Roman's franchise ranges from $32,100 to $141,700. This includes an upfront fee of either $7,500 or $10,000 per location [p.13].
What is the initial franchise fee?
The initial franchise fee when paid is deemed fully earned and nonrefundable, covering administrative and other expenses incurred by the franchisor. The fee ranges from $7,500 to $10,000 per location [p.48].
What are the ongoing royalty and advertising fees?
Ongoing royalties are 7% of reported sales and are collected daily via ACH withdrawal from the franchisee's bank account [p.83]. Advertising costs are expensed when production materials are first used, but there is no requirement for the Company to spend any amount on advertising in the territory where a franchise is located [p.102].
How long is the initial franchise agreement, and can I renew it?
The initial franchise agreement lasts for an initial term of 10 years [p.47]. With the consent of the Franchisor, you may also renew the franchise for an additional term of five years upon expiration of the initial term or any renewal thereof [p.47].
Can I sell or transfer my franchise, and what does that require?
This isn't specified in the excerpts.
On what grounds can the franchisor terminate the agreement?
This isn't specified in the excerpts.
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 or any protected territorial rights according to the excerpts [p.29] and [p.46]. The Franchise Agreement does not grant you the right to operate the franchised business or offer products/services at any site other than the one approved by the Company.
What training and ongoing support does the franchisor provide?
The franchisor provides initial training for other restaurant personnel designated by you, who have been approved by the Company. This training includes on-the-job training conducted at your franchise location, with instructors and training materials provided by the Company at no additional charge [p.27]. However, this excerpt does not specify ongoing support details beyond the initial training period.
How many franchised outlets are there, and how many have closed or been terminated?
This isn't specified in the excerpts. The provided information focuses on non-traditional outlets for Craft Pizza & Pub and full-service franchised Noble Roman's restaurants but does not give specific numbers of franchised outlets that have closed or been terminated.
Does the franchisor share any financial performance or earnings information?
The franchisor can provide actual records of existing outlets if purchased, but it does not make representations about future financial performance or past performance of company-owned or franchised outlets. [p.35] Additionally, the franchisor may supplement the information provided in Item 19 under certain circumstances. [p.34]
What am I restricted to selling, and where must I buy supplies?
You are restricted to selling only those products designated in the Manual from time to time as being included in the Noble Roman's menu and meeting the quality standards detailed in the Manual. You may have to buy or lease items from the franchisor or a limited group of suppliers the franchisor designates, which may be more expensive than similar items you could buy on your own [p.15, p.31].