Vicious Biscuit
Vicious Biscuit offers a Southern dining experience with craft biscuit dishes, brunch plates, and cocktails. Known for its chef-inspired menu and healthy options, it operates in the quick-service restaurant sector.
Vicious Biscuit franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment for opening one 'Vicious Biscuit' Restaurant franchise ranges from $799,000 to $1,317,000 (including $65,000 to $85,000 that must be paid to the franchisor or affiliate). [p.1]
What is the initial franchise fee?
The initial franchise fee is $40,000 for your first Restaurant and must be paid on the day you sign the Franchise Agreement. [p.9, p.69]
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is 5% of Net Sales [p.70]. There is also an ongoing Technology Fee of $100 per week for access to the Computer System [p.38], with additional charges possible from vendors for their services.
How long is the initial franchise agreement, and can I renew it?
The initial franchise agreement does not specify a fixed term length [p.3]. You have the right to renew your franchise for two additional successor terms of five years each, provided you meet certain conditions outlined in Sections 2.2.1 through 2.2.10 before each renewal [p.67].
Can I sell or transfer my franchise, and what does that require?
Yes, you can sell or transfer your franchise, but it is subject to certain conditions. According to the FDD, neither you nor any Principal of yours may transfer or attempt to transfer any or all of your Franchised Business to a third party who will operate a similar business at the Accepted Location but not under the System and the Proprietary Marks, and not under a franchise agreement with the franchisor [p.108]. Additionally, if you wish to transfer the franchise rights or a controlling ownership interest, there are specific fees involved: 50% of the current initial franchise fee for existing Vicious Biscuit Restaurant franchisees, their legally affiliated entities, or owners; 75% for others; and 100% if a retained broker is involved [p.15 & p.106].
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the franchise agreement if any grounds for default or termination stated in the Franchise Agreement do not constitute 'reasonable cause' as defined by the Virginia Retail Franchising Act or Virginia law. [p.194] This means that certain specified grounds for cancellation must meet specific legal standards to be enforceable.
What financial requirements — net worth and liquid capital — do I need to qualify?
To qualify as a franchisee, you must have adequate financial resources and capital to operate the Franchised Business [p.106]. However, 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. You may face competition from other franchisees, outlets owned by the company, or competitive brands controlled by them within your 'Protected Territory' [p.40, p.41]. This isn't specified in the excerpts for Area Developers.
What training and ongoing support does the franchisor provide?
The franchisor provides an initial 30-day training program either in Summerville, South Carolina, or at a Certified Training Location. This includes brand management training offered at headquarters or another location specified by the franchisor [p.75]. Additionally, on-site training can be requested for a fee, and employees must complete web-based training programs relevant to their roles [p.75]. Ongoing support may include additional training if mystery shopper visits are not passed, with associated costs [p.76].
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, Vicious Biscuit Franchising LLC, does not make any financial performance representations and does not authorize its employees or representatives to make such representations either orally or in writing [p.54]. However, if you are purchasing an existing outlet, the franchisor may provide actual records of that specific outlet's performance [p.54].
What am I restricted to selling, and where must I buy supplies?
You are required to sell items that bear the franchisor's Proprietary Marks only from their approved suppliers as specified [p.78]. Additionally, you must buy all products, equipment, ingredients, supplies, materials, and other products used or offered for sale at the Franchised Business only from suppliers approved in writing by the franchisor [p.22].