CAPTAIN D’S Franchising Information & Startup Cost
When it comes to the delivery of `high quality services through dishing of the best sea foods, perfect hospitality and the commitment to new innovations, you can count on Captain D’s Seafood.
The company has been able to grow from inception to about 600 restaurant units in various states across the United States.
That can be the reason why so many business owners want to know how much is a Captain D’s Seafood franchise?
ABOUT THE COMPANY
Captain D’s opened their first store in Donelson, Tennessee in the year 1969. It started with the name Mr D’s Sea foods and Hamburgers with the concept of serving high quality and fast-serve Sea foods. The company had a name change in the year 1977 and since then they have featured great menus such as chicken, fish, desserts, shrimps, sides and sweet tea.
At Captain D’s guest are also offered premium quality foods such as grilled fish, green beans, okra, coleslaw, hushpuppies, corn, broiled and baked fish and a wide range of delicious desserts.
IS CAPTAIN D’S A FRANCHISE?
A prospective franchisee might want to ask if Captain D’s is a franchise. Yes the company can be considered a franchise since it sells franchise opportunity and have been doing this since the year of establishment, which has given them so many years of franchising experience and a workable franchise model.
WHAT IS CAPTAIN D’S FRANCHISE OFFER?
When you buy into a Captain D’s franchise opportunity, you will be offered the right to develop a franchise unit operating under the company’s brand name as disclosed in the Captain D’s franchise agreement.
Buying into a Captain D’s franchise is considered a very great opportunity for a business person and it offers the chance for you to make quick returns on your investments as designed by a tested and proven franchise model that is very simple to work with.
HOW MUCH DOES A CAPTAIN D’S FRANCHISE COST?
Investing in a Captain D’s franchise can be so lucrative, but it definitely comes with its own financial implications.
The Captain D’s franchise cost will be considered as all the investments required establishing a franchise unit.
The total investments needed to startup a Captain D’s franchise unit will range between $780,000 and $1,100,000. A prospective franchisee will also need to have a net-worth of $1,000,000 and then a liquid cash requirement of funds that are non-borrowed of about $350,000.
CAPTAIN D’S FRANCHISE FEE
The Captain D’s franchise fee is that payment that the franchisee will make to the company to get the licence to operate with the company’s brand name. The initial franchise fee is $35,000 with an additional on-going royalty fee of 4.5% and an ad royalty fee of 1.1% payable to the company on a monthly basis.
DOES CAPTAIN D’S OFFER FRANCHISE OFFER FINANCIAL ASSISTANCE
Captain D’s franchise does not offer financing in any form, either directly or indirectly. Neither does the company guarantee any form of franchisee’s notes, obligation or lease. However the franchisee can get funding from 3rd party lenders that have working relationships with most franchises. Funding can be gotten to cover for the initial franchise fee, cost of equipment, inventory, staffing, rent and lease.
TRAINING AND SUPPORT
Every franchisee with the company is mandated to attend a comprehensive training before the opening of the franchise unit. The Captain D’s franchise training is divided into four different programs.
All trainings will hold at any Captain D’s franchise unit that has gotten the certification to be used as a training centre. Captain D’s will support the franchisee with a team that will assist them in the opening of their restaurant and also training of the employees at the new restaurant.
CAPTAIN D’S FRANCHISE AGREEMENT
As a new franchisee with the company, the period at which the licence will be held is 20 years. This can be renewed at the expiration of the initial term if the franchisee is able to meet with the company’s terms and conditions. An additional 20-year period will be granted.
Franchisees will not be entitled to an exclusive territory as stated in the franchise Agreement. Franchisees should be ready to face competitions with other channels that disburse Captain D’s products.
HOW TO OPEN A CAPTAIN D’S FRANCHISE
After reading through this article, the next step is how to open a Captain D’s Sea food franchise? Once you have been able to meet with all the financial requirements to start a franchise unit. You will be expected to present your financial bank statement for the past 6 months and also proof of your net worth and liquid cash. The next step to then take is to forward your application to the website of the company and then wait for feedbacks.
The company’s Franchise Management Team will get back to you and if your application is approved, you will be granted the due support by the Franchise manager and his team to set up your franchise unit.