Rush Bowls Franchise Startup Cost, Revenue and Profit Margin
Rush Bowls was founded by Andrew Pudalov who had previously been involved in the financial sector. His decision to enter into the quick-serve restaurant sector in partnership with other experts in the restaurant industry birthed a thriving health-focused restaurant franchise.
A rush bowl simply refers to a creamy blend of all-natural fruits in addition to lots of wholesome and healthy ingredients. Servings are topped with delicious and crunchy granola plus a drizzle of honey.
A typical Rush Bowl’s menu consists of acai bowls crafted from all-natural ingredients. These also include delicious and proprietary recipes that feature fresh fruit topped with granola and honey.
Why Rush Bowls
According to this franchisor, there are lots of good reasons to invest in this franchise opportunity. One of them has to do with a surging industry. Rush Bowls taps into 3 major industries namely; the $500 million acai berry industry, the $1 trillion health food industry and the $384 million health-focused fast-casual industries.
Rush Bowls provides comprehensive support for its franchisees. Such services are provided by an experienced team of franchise support professionals. These professionals provide an unparalleled guide to ensure franchisees are successful. What more? This franchise concept is flexible. In other words, you don’t have to deal with high overhead costs.
The franchise model is quite easy to set up and easy to operate even by a small staff. This translates to low-cost investment requirements.
The Ideal Candidate
Rush Bowls has an ideal candidate profile for interested franchisees. It seeks to partner with persons having a passion for healthy eating, who also understand the crucial role great service plays in quick-serve restaurants.
Candidates having experience in restaurant management are preferred. This does not foreclose the chances of those without such experience. Most importantly, Rush Bowls wants prospective franchisees with immense entrepreneurial skills and persons with big dreams.
Owning a Rush Bowls franchise comes with certain financial requirements. The estimated initial investment ranges from $235,000 to $577,000. The estimated initial investment is the total amount required to open the franchise. A cost breakdown includes the following;
An initial franchise fee that starts at $45,000. There are also leasehold improvements of between $80,000 to $320,000. Training expenses gulps between $10,000 to $20,000. This in addition to furniture, decor & equipment that costs from $50,000 to $100,000.
Architect/engineer fees will take up $7,500 to $16,000, with signage costing anywhere from $4,000 to $12,000. POS & computer system will cost between $4,000 and $8,000. Licenses & permits take up between $1,000 to $5,000 of the estimated initial investment.
There are additional expenses such as the miscellaneous site development fees at $2,000 to $5,000, grand opening fees between $10,000 to $12,000, grand opening assistance fee of $1,000 to $2,000 and additional funds for 3 months of about $20,000 to $32,000.
All of these, when summed up will range from $235,000 to $577,000. Franchisees are expected to pay royalties to the franchisor. This is 5% of gross sales. A detailed cost breakdown is contained in Rush Bowl’s Franchise Disclosure Document (FDD).
Rush Bowls Stores
There are enormous growth potentials with Rush Bowls. Its store concepts will perfectly fit a space of 500 to 1,200 sq ft. Such stores are best located in areas having a large population of millennials.
These include college campuses, malls, gyms health & food stores, coffee shops, airports, and sports arenas among others.
Rush Bowls franchisees benefit from a wide range of support services. These are aimed at enabling them to run a much efficient and profitable business, thereby creating a win-win situation for both franchisor and franchisee.
The following are support services you get;
Training is an essential part of starting or operating your franchise. Rush Bowls offers a week’s training in Boulder, Colorado. A team of professionals is deployed to your location for up to a week. The purpose is to help put things in place before the grand opening.
The franchisor covers everything to ensure your unit operates at full capacity and smoothly too. This sets you up for success from the onset.
i. Field Training
Apart from pre-launch training, field training is also essential. It is provided before launch as well as on an ongoing basis. This helps franchisees keep up with the trend, making them more competitive and profitable.
The support you get when launching your franchise unit doesn’t end there. Rather, it is a relationship that continues for as long as you own the franchise (franchise term). Ongoing support includes regular meetings, retraining or refresher courses, operational support, field trips, and management.
Marketing support is crucial for sales generation. The marketing department at Rush Bowls helps out with the development of a local marketing plan that fits the local need, but first, it begins with an assessment of the local market.
What more? franchisees get to work with the franchisor on the ground opening. This is in addition to print, signage, digital media and direct mail assistance.
Meetings help franchisees with information on industry best practices and adoption, reviewing existing marketing initiatives and the discussion of updates on product development. The franchisor will also circulate information on process improvements, and seasonal menus among others.
The Application Process
The process of applying for a Rush Bowls franchise is quite easy.
To begin, you’ll need to fill out its online form and submit. The franchisor emails you the franchise report. This report gives you a more thorough explanation of the franchise opportunity.
The next process includes an invitation to complete a confidential questionnaire. The information captured (there are no right and wrong answers) in the questionnaire will determine if you’re qualified or not. Next, a phone call meeting is scheduled where you are walked through the process.
The franchise disclosure document is handed to you for review, from where you proceed to the business model review, the peer review, discovery day and an executive interview. The executive interview is where you get the final decision of the franchisor regarding your franchise application.
If you’re successful, the franchise opportunity is then awarded to you.
As discussed, the Rush Bowls franchise is a great opportunity for interested persons. We have provided the necessary information required to begin the process.
However, prospective franchisees seeking more information can request such. The franchisor is ever willing to provide further explanations about its franchise opportunity.