HUDDLE HOUSE Franchise Fee, Revenue, And Profit Margin
When you take a peek at the startup cost for a Huddle House franchise, and then compare it to the initial investment that other competitions require, you will notice a huge difference. It will cost you far less to start yours on the Huddle House franchise than other franchises like Denny’s and IHOP.
So you might want to inquire how much is a Huddle House franchise.
ABOUT THE COMPANY
It all started in the year 1960 when there was the need to cater to travelers that need meals along the express road.
The restaurant as at that time was actively involved in this kind of service. They co-branded with top gas stations such as BP, Exxon, Texaco, and Shell.
They have franchises locations across the country and they are opened 24 hours a day. They offer breakfast, dinner, and lunch and all their meals are available at any time of the day. The menus they have on their list are chicken, steaks, seafood and pork chops.
IS HUDDLE HOUSE A FRANCHISE?
Huddle House can be considered to be a franchise since they sell franchise opportunities to the public. The company started selling franchises in the year 1966 and they can now boast of 52 years of franchise experience that bothers on a working franchise model.
THE FRANCHISE OFFER
As a new franchisee with Huddle House, you will have the responsibility to establish a restaurant brand within a market. You will be involved in hiring management as well as food service staff. And also you will be actively involved in the running of operations of the restaurant and other multiple franchise units (if you opt for that)
HOW MUCH DOES A HUDDLE HOUSE FRANCHISE COST?
The Huddle House franchise cost will be the summation of all the investments that will be needed to establish a franchise unit with the company. For you to be considered eligible for a franchise opportunity, the company requires that you have an initial investment to the tune of $400,000 to about $1,500,000 and then net worth of about $600,000 with a liquid cash requirement of about $200,000.
HUDDLE HOUSE FRANCHISE FEE
The Huddle House franchise fee is the payment that a new franchisee will be expected to make to the company for them to have access to the license to operate under the company. The initial franchise fee is non-refundable and will only be valid for an agreed period. The franchise fee payment is $35,000 and franchisees will be expected to as well make an on-going royalty fee of about %4.75 and an ad royalty fee of %3 of the monthly gross revenue of the franchise unit.
HOW MUCH DOES A HUDDLE HOUSE FRANCHISE MAKE?
The average income a Huddle House franchise owner can make will depend on so many factors. One of which is the location of the unit and the ability of the franchise owner to run a business effectively.
Although the franchise model of the company has been designed to achieve success, the earning will be dependent on how the franchisee can run the business effectively.
WHY YOU SHOULD INVEST IN HUDDLE HOUSE
When you compare the Huddle House franchise to other franchises, you will discover that the investment level is low and quite affordable to all.
WHO CAN BUY A HUDDLE HOUSE FRANCHISE?
You don’t need any special experience to buy into the company’s franchise. Although prior experience in the hospitality business will give you an advantage. Training will be offered to every successful candidate irrespective of their background.
Huddle House has a seasoned leadership team that will train new franchisees all they need to understand the restaurant business and also ho to hire the best hands for their business.
TRAINING AND SUPPORT
It will interest you to know that about 1/3 of Huddle House franchisees do not have previous experience in foodservice, but if you have, fine. All new franchisees will be made to participate in mandatory training that will last for about 9 weeks.
You may not have access to direct funding from Huddle House, however, if you need additional funds to establish your franchise unit, the company has 3rd party relationships with lending institutions that are ready to offer you loans to startup. You may get funding to cover the cost of inventory, franchise fees, equipment, and other startup costs.
Franchisees with Huddle House will be entitled to an exclusive territory within 30 miles radius of their franchise unit. The company will not establish an additional franchise unit within this radius.
TERMS OF AGREEMENT
The length of the period that you can hold the license of the company is 10 years. Franchisees that need to extend their term after its expiration will need to be able to meet up with the company’s terms and conditions for term renewal.
HOW TO OPEN A HUDDLE HOUSE FRANCHISE
If you will like to get more information on how to open a Hurdle House franchise you will need to proceed to the company’s website via this link.
Once you submit your application, the company will contact you if you are eligible for a franchise opportunity.