Taffers Tavern
Taffer's Tavern offers full-service casual dining with unique kitchen technology and proprietary recipes. Known for ventless/hoodless high-efficiency kitchens, this restaurant chain provides a total investment of $807,000 to $1,341,000, including development fees.
Taffers Tavern franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to begin operation of a Taffer's Tavern franchise ranges from $807,000 to $1,341,000 [p.1]. This range includes costs such as payroll, utilities, vendor expenses, and advertising, among others, but does not factor in the cost of purchasing real property or any sales revenue generated during the initial phase [p.22].
What is the initial franchise fee?
The initial franchise fee for Taffer's Tavern is $50,000 [p.11, p.186]. This fee is non-refundable and must be paid in full upon signing the Franchise Agreement [p.11].
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is 6% of Gross Sales, except in locations like casinos, airports, or concessions where it is 4%. Advertising fees include a minimum of 1% of Gross Sales spent on local advertising each month. These fees are recognized when received [p.67].
How long is the initial franchise agreement, and can I renew it?
This isn't specified in the excerpts. The FDD does not provide details about the length of the initial franchise agreement or the renewal process beyond mentioning potential reasons for non-renewal.
Can I sell or transfer my franchise, and what does that require?
According to the FDD, you cannot freely transfer ownership of your franchise without the franchisor's consent. The franchisor can refuse a transfer except for good cause [p.216]. Any permitted assignment or transfer must be approved in writing by the franchisor after receiving all necessary documents [p.193].
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the agreement for good cause, which includes the failure of the franchisee to comply with any lawful provision of the franchise agreement and to cure such failure after being given written notice and a reasonable opportunity to do so [p.216]. Additionally, the franchisor may terminate the agreement if the franchisee is not in full compliance with all terms and conditions of the Multi-Unit Operator Agreement and Franchise Agreements signed under it [p.42]. This isn't specified in the excerpts for other grounds of termination.
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. You may face competition from other franchisees, outlets owned by the company, and competitive brands that the company controls [p.39]. The trade areas cannot overlap with existing ones, but the franchisor reserves the right to adjust or reassign them for your best interest or to resolve conflicts [p.42].
What training and ongoing support does the franchisor provide?
The franchisor provides initial training for at least three trainees, including one General Manager and two Managers, through HQ Initial Training, which lasts 80 hours. This training is mandatory and must be completed to their satisfaction before the restaurant begins operation [p.35]. Additionally, after opening, franchisees are required to attend annual or periodic refresher training programs and annual meetings at locations designated by the franchisor, typically near headquarters [p.36].
How many franchised outlets are there, and how many have closed or been terminated?
There are four Taffer's Taverns franchised outlets according to the provided excerpt [p.54]. This excerpt does not specify any information about closed or terminated outlets.
Does the franchisor share any financial performance or earnings information?
The franchisor does not make any financial performance representations other than the one provided in Item 19 of the FDD. They do not authorize their employees or representatives to make such representations either orally or in writing [p.54]. However, if you are purchasing an existing outlet, they may provide actual records of that outlet's performance [p.54]. Additionally, financial information can be shared only if it is already disclosed in the FDD and provided under specific conditions [p.171].
What am I restricted to selling, and where must I buy supplies?
You must sell only the menu items and other products and services expressly approved in writing by the franchisor. You cannot deviate from their standards and specifications without first obtaining their written consent [p.47]. Regarding supply sources, you may have to buy or lease certain items from the franchisor or a limited group of suppliers they designate, which might be more expensive than other options [p.3].