Wild Bills Soda
Wild Bill's Soda offers high-quality soda beverages made with pure cane sugar and fewer additives. Known for its commitment to using only fine ingredients, this franchise operates in the beverage retail sector.
Wild Bills Soda franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to begin operating a Wild Bill's business ranges from $155,800 to $214,700. This includes a payment of $54,000 to $168,000 to the franchisor or its affiliates [p.1].
What is the initial franchise fee?
The initial franchise fee for a standard Wild Bill's franchise is $40,000 [p.11, p.16, p.61]. This fee must be paid in full upon signing the Franchise Agreement and is nonrefundable [p.61].
What are the ongoing royalty and advertising fees?
The franchisee must pay a weekly royalty fee equal to 5% of Gross Revenues from Third Party Products [p.61]. Additionally, there may be higher royalty and advertising fees upon renewal of the franchise agreement, as these terms can vary materially from the original agreement [p.60].
How long is the initial franchise agreement, and can I renew it?
The duration of the initial franchise agreement and whether you can renew it are not specified in the provided excerpts.
Can I sell or transfer my franchise, and what does that require?
According to [p.5], you cannot generally transfer ownership of your franchise without good cause as determined by the franchisor. Good cause includes but is not limited to specific reasons identified by the franchisor. This restriction does not prevent the franchisor from exercising a right of first refusal to purchase the franchise.
On what grounds can the franchisor terminate the agreement?
According to [p.5], a franchisor may terminate a franchise prior to expiration only for good cause, which includes the failure of the franchisee to comply with lawful provisions of the franchise agreement and to cure such failure after receiving written notice and a reasonable opportunity (no more than 30 days) to do so. [p.129] also states that termination can occur on any grounds available by law. This isn't specified in the excerpts for other specific grounds beyond non-compliance.
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts. The FDD does not provide specific financial requirements such as net worth or liquid capital for franchisees to qualify.
Do I get an exclusive or protected territory?
No, you do not receive an exclusive territory. You may face competition from other Wild Bill's locations owned by the franchisor or its affiliates, as well as other channels of distribution controlled by the franchisor [p.33]. The franchisor retains significant rights to operate competing businesses within your designated territory and can also use alternative channels of distribution for their products [p.38, p.58, p.33].
What training and ongoing support does the franchisor provide?
The franchisor provides initial training for you (or your operating principal) and up to two additional persons as part of the franchise fee. This includes on-site, in-market training covering event setup and operations, which is required before managing an event in your market [p.32]. Ongoing support involves advising, coaching, and further training during local events in your market [p.144]. Additionally, you may be required to complete additional trainings at the franchisor's discretion, with associated costs [p.15].
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 is permitted to provide actual records of an existing outlet if you are considering purchasing it. However, they do not make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets, and they authorize no such representations by their employees or representatives [p.45].
What am I restricted to selling, and where must I buy supplies?
You are restricted to selling only the products approved by the franchisor, which include their unique old fashioned soda served with collectible stainless steel mugs. You may have to buy or lease items from the franchisor or a limited group of suppliers they designate; these items might be more expensive than those available elsewhere [p.3].