THE BRASS TAP Franchise Startup Cost, Profit & Opportunities
The Brass Tap is a craft beer brand based in the United States of America. If you love beer you’ve got to love The Brass Tap.
The global market for beer is still a huge one with a lot of room for growth. If you intend to own a beer brand or have the ambition of owning your own craft beer franchise, you must really consider The Brass Tap franchise opportunity.
In this article, we are going to be examining The Brass Tap as a company. We are going to be examining the franchise opportunity which the company presents for entrepreneurs and business-minded people.
We are going to start this article by first looking at the history of the company. We are also going to take at look and the start-up cost of The Brass Tap franchise and the franchise fee which the company requires from its franchisees.
We shall also be examining the training and support which the company provides for its franchisees. This article will also provide information on the company’s terms of franchise agreement and the agreement renewal which franchisees can enjoy from the company.
We will also be providing information on how you can open The Brass Tap franchise.
Is The Brass Tap a Franchise?
The Brass Tap is a franchise. The Brass Tap is a popular beer bar brand in the United States of America. The company got its origin in the U.S state of Florida where the company started as an upscale beer bar.
The Brass Tap was founded 10 years ago in the year 2008. The company was founded by a group of partners. The company started franchising 8 years ago in the year 2010, 2 years after it was founded.
The Brass Tap headquarters is located in Tampa, in the state of Florida, in the United States of America. The current Chief Executive Officer (CEO) of the company is Chris Elliott.
The company’s corporate address is located at 5660 W. Cypress St. Tampa, FL 33607.
The Brass Tap is a private company. As a private company, The Brass Tap is registered as FSC Franchise Co., LLC. The Brass Tap opened its first location in Wesley Chapel, Florida in October 2008.
The company has seen immense growth in its years of being in existence. The company currently has more than 50 franchise locations in the United States.
What makes The Brass Tap franchise stand out as a craft beer brand are the value-added services and variety which it offers its customers. The company’s customers enjoy an array of beer brands available at The Brass Tap franchise locations.
The company offers more than 200 exotic beer brands and other known beer brands at its locations. The customers also enjoy sports and entertainment with music at the company’s locations on high definition television.
Customers also enjoy the choice of wine and spirits at The Brass Tap.
How Much Does The Brass Tap Franchise Cost?
The Brass Tap requires a franchise fee of $37,500 (U.S. dollar) from its franchisees. The intending franchisee is also required to present a liquid asset of $250,000 (U.S. dollar) alongside other required fees which are to be paid by the franchisee.
The Brass Tap Franchise Fee
Intending franchisees of The Brass Tap are required to pay a franchise fee of $37,500 (U.S. dollar). The franchisees at The Brass Tap are also required to pay a royalty fee of 4% of adjusted gross sales.
The franchisees are also required to pay a marketing fund contribution of 1.5% of adjusted gross sales.
The Brass Tap Franchise Start-up Cost
To become a franchisee of The Brass Tap franchise, a minimum start-up cost of $791,967 (U.S. dollar) and a maximum start-up cost of $1,327,475 (U.S. dollar) will be required.
The Brass Tap Franchise Training and Supports
The Brass Tap provides training and support for its franchisees. The company’s training is conducted at the company’s corporate headquarters in Tampa, Florida in the United States of America.
The Brass Tap also provides support for its franchisees. The support which the company’s franchisees receive includes;
- There is grand opening support for all franchisees.
- The company provides toll-free support line for their franchisees.
- Franchisees receive site selection support from The Brass Tap.
- Advertising support is provided for all franchisees of the company.
- The company supports its franchisees with on-the-job training.
- The Brass Tap provides online support for its franchisees.
The Brass Tap Franchise Terms of Agreement/Renewal
The initial franchise agreement at The Brass Tap has a length of 10 years. The franchise agreement can be renewed for another term of 10 years if the franchisee meets the company’s agreement renewal conditions.
How Much Does The Brass Tap Franchise Make?
The amount The Brass Tap franchise can make is not known. The amount the franchise can make is dependent on the location of the franchise. But the franchisee can leverage the company’s brand loyalty to make money with the franchise.
How to Open The Brass Tap Franchise
To open The Brass Tap franchise, the intending franchisee should contact the company directly at its website at www.thebrasstapfranchise.com to fill out the company’s franchise request form.