Rock N Roll Sushi
Rock N Roll Sushi offers themed rock-music restaurants serving high-quality sushi and beverages. Known for its unique concept, it operates in the casual dining and quick-serve restaurant industries.
About Rock N Roll Sushi
Rock N Roll Sushi franchise FAQ
How much does it cost to open one — the total initial investment?
The initial investment necessary to begin operation of a Rock N Roll Sushi restaurant ranges from $332,682 to $797,808 [p.1]. This range includes $36,000 that must be paid to franchisor or its affiliates [p.1].
What is the initial franchise fee?
The initial franchise fee is $36,000 to own and operate a Rock N Roll Sushi Franchised Business upon signing the Franchise Agreement. This fee is considered fully earned and nonrefundable upon payment [p.14]. However, veterans qualified under the International Franchise Association's VetFran Program can receive a $9,000 discount on their first franchise fee [p.80].
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is 6% of Gross Sales [p.80, p.18], while the advertising fee can range from up to 1.5% to a maximum of 3% of gross sales [p.179, p.192, p.205].
How long is the initial franchise agreement, and can I renew it?
The initial franchise agreement term is currently 10 years [p.178]. You have the right to renew this agreement for an additional 10 years, provided you meet all specified conditions before each renewal [p.83].
Can I sell or transfer my franchise, and what does that require?
Yes, you can sell or transfer your franchise, but there are specific requirements. You must obtain and deliver a bona fide, executed written offer or proposal to purchase, along with all pertinent documents including any contract or due diligence materials, to the franchisor unless the sale or transfer is to a family member [p.117]. Additionally, if you propose to sell or transfer your Franchised Business or ownership interest in it, you must first comply with the terms and conditions of Section 18.2 prior to such a sale or transfer [p.117].
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the agreement on various grounds including immediate termination for insolvency, abandonment, material misrepresentation, legal violation persisting 10 days after notice, repeated breaches, judgment, criminal conviction, failure to pay monies owed more than 5 days past due, and imminent danger to public health or safety. Additionally, the franchisor can terminate upon written notice and a 60-day opportunity to cure for any breach of the Franchise Agreement [p.219]. The franchisor also has the right to terminate on grounds available by law [p.227], and both parties can agree in writing to terminate the franchise [p.143].
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?
You are awarded a protected marketing territory, but it is not exclusive. You may face competition from other franchisees, outlets owned by the company, or other competitive brands controlled by them [p.41]. The specific details of your territory will be determined based on your location and typically covers a 1-mile radius around your site [p.42].
What training and ongoing support does the franchisor provide?
The franchisor provides an initial training program that may include an online component, which must be completed to their satisfaction before opening the franchise [p.39]. Ongoing support includes additional training on various topics such as new menu items, equipment, procedures, and financial recordkeeping, typically lasting one day up to two weeks, with annual franchisee conferences also provided [p.91]. This ongoing training is generally at no additional charge for up to three people [p.89].
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 may provide financial performance information for its outlets if there is a reasonable basis and it is included in the Disclosure Document [p.57]. However, they do not make any financial performance representations about future financial performance of franchisees or past performance of company-owned or franchised outlets, nor authorize their employees to make such claims [p.60].
What am I restricted to selling, and where must I buy supplies?
You are restricted to selling approved services or products only within your designated territory [p.78]. You may have to buy or lease items from the franchisor or a limited group of suppliers they designate, which could be more expensive than other options [p.3].