Savvy Sliders
Savvy Sliders offers slider, wing, and fry restaurants using proprietary recipes and branding. Known for quick-service dining with options for carry-out, dine-in, catering, or delivery, Savvy Sliders operates in the fast-food industry.
Savvy Sliders franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment for opening one "Savvy Sliders" Restaurant is not specified in the exact amount but ranges from $221,000 to $430,000 for equipment, furniture, and fixtures. This cost does not include the purchase of real property if you choose to buy it [p.24, p.20].
What is the initial franchise fee?
The initial franchise fee is $35,000 and it is not refundable [p.110].
What are the ongoing royalty and advertising fees?
The franchisee must pay monthly royalty fees [p.91]. Additionally, there are advertising payments that may vary by market and can be used for various advertising programs and support services [p.36].
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?
This isn't specified in the excerpts.
On what grounds can the franchisor terminate the agreement?
According to [p.216], the franchisor cannot cancel a franchise without reasonable cause, as defined in Section 13.1-564 of the Virginia Retail Franchising Act or the laws of Virginia. Any stated grounds for default or termination in the franchise and development agreements must constitute 'reasonable cause' to be enforceable.
What financial requirements — net worth and liquid capital — do I need to qualify?
The franchisee must have adequate financial resources and capital to operate the Franchised Business [p.152], but specific net worth or liquid capital requirements are not detailed in these excerpts.
Do I get an exclusive or protected territory?
No, you do not receive an exclusive territory under the franchise agreement. You may face competition from other franchisees, company-owned outlets, and competitive brands controlled by the franchisor [p.45, p.43].
What training and ongoing support does the franchisor provide?
The franchisor provides an initial training program that includes up to one week of classroom training at their offices and up to 90 days of on-site training at designated restaurants. This training covers essential operations and is conducted by experienced instructors. Additionally, the franchisee must attend and successfully complete owner's training if they are a hands-on operator. Ongoing support includes additional training, sales programs, and meetings as specified by the franchisor, though these are generally not charged for beyond initial training. [p.42, p.104, p.49]
How many franchised outlets are there, and how many have closed or been terminated?
As of December 31, 2024, there were 37 Savvy Sliders Restaurant franchises in operation. According to the document, a list of franchisees who have had their franchises terminated, cancelled, not renewed, or otherwise ceased operations during the calendar year 2024 is provided in Exhibit E, but the specific number is not given in these excerpts. [p.61]
Does the franchisor share any financial performance or earnings information?
The franchisor can provide financial performance information if there is a reasonable basis for it, and this information must be included in the disclosure document [p.56]. 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 claims [p.58].
What am I restricted to selling, and where must I buy supplies?
You are required to buy all Input Items from suppliers approved by the franchisor, as specified in [p.119] and [p.3]. Additionally, you must sell only the items that the franchisor requires, which must be purchased from their approved suppliers, as stated in [p.120]. This isn't specified in the excerpts regarding the exact locations or sources for buying supplies beyond approval by the franchisor.