The Peach Cobbler Factory
The Peach Cobbler Factory offers retail dessert specialty restaurants serving cobblers, ice creams, and other sweet treats. Known for its cobbler offerings, it operates in the dessert and casual dining restaurant industry.
The Peach Cobbler Factory franchise FAQ
How much does it cost to open one — the total initial investment?
The total estimated initial investment to open one The Peach Cobbler Factory franchise ranges from $158,444 to $457,274. This includes an initial franchise fee and other necessary expenses [p.1].
What is the initial franchise fee?
The initial franchise fee is $34,950 and it is fully earned by the franchisor upon payment and is non-refundable [p.12, p.73].
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is 6% of Franchisee's monthly Gross Sales [p.73], while the National Marketing Fund Contribution, which is an additional advertising fee, is 2% of Gross Sales collected at the same time as the Royalty Fees [p.82].
How long is the initial franchise agreement, and can I renew it?
This isn't specified in the excerpts. The provided FDD does not detail the length of the initial franchise agreement or the conditions for renewal.
Can I sell or transfer my franchise, and what does that require?
You cannot sub-franchise, sub-license, or sell your Franchised Business to third parties without the franchisor's written consent. Any permitted assignment or transfer requires a completely executed copy of all transfer documents and the franchisor’s prior written consent [p.149, p.156].
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.227]. This isn't specified in the excerpts for all possible grounds, but it covers the main ones provided [p.130, p.17, p.5].
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 do not receive an exclusive territory. However, during the term of the Franchise Agreement, provided you comply with certain conditions, the franchisor will not establish another franchise within your Designated Territory [p.37].
What training and ongoing support does the franchisor provide?
The franchisor provides initial training for the Franchisee, Operations Manager, and other personnel before opening the Franchised Business [p.71]. This includes virtual or in-person training conducted by Rich Lochten, with an Additional Training Fee of $500 per trainer per day [p.72]. Ongoing support involves providing updated standards, procedures, and System requirements as needed [p.72], offering additional on-site or virtual training upon request at the Franchisee's expense [p.72], hosting conventions and meetings with potential training content [p.72], and conducting refresher training if required [p.71].
How many franchised outlets are there, and how many have closed or been terminated?
This isn't specified in the excerpts. The provided FDD does not give a specific number of franchised outlets or those that have closed or been terminated. [p.217] lists current franchisees but does not provide a total count, and [p.223] mentions former franchisees without giving exact numbers.
Does the franchisor share any financial performance or earnings information?
The franchisor may provide financial performance information if there is a reasonable basis for it and if actual records of an existing outlet are provided to you. However, the franchisor does not make any representations about future financial performance or past financial performance of company-owned or franchised outlets, nor do they authorize their employees or representatives to make such claims [p.49].
What am I restricted to selling, and where must I buy supplies?
You are generally restricted from operating a similar business during the term of the franchise [p.3]. You must purchase or lease certain dining furniture, fixtures, equipment, seating, and décor that comply with specifications in the Operations Manual [p.20], as well as opening inventory and other basic supplies also detailed in the Operations Manual [p.20, Note 6]. This isn't specified in the excerpts for exact restrictions on what you can sell or where to buy all supplies beyond these items.