How much does it cost to build a Salsarita’s Fresh Cantina?
There are a number of factors that affect cost, of course, but Salsarita’s estimates that total initial investment (inclusive of franchise fee) will range from $321,500 to $611,500 per restaurant.
How long does the franchise selection process take?
The selection process can take a couple of month or more. It goal is to establish a strong working relationship in which we both understand each other’s goal and how they will be achieved.
What are the financial requirements needed to open a Salsarita’s?
Multi-unit operators with a strong credit history and a minimum of $1,000,000 in liquidity and strong net worth is generally required.
Does Salsarita’s provide financing?
Salsarita’s does not finance development.
Can I build a Salsarita’s Restaurant on real estate I own?
Yes, provided that the site meets Salsarita’s requirements. There are a lot of factors that go into choosing a Salsarita’s location. Our real estate selection process is collaborative, both franchisor and franchisee must agree on any location before it can be developed.
How much money does a typical store make?
Many factors go into the profitability of a Salsarita’s location. Rent, cost management, financing terms and other variables will determine profitability. However, answers are available in our Franchise Disclosure Document (FDD) and from existing franchisees. We encourage you to explore these resources. We offer Financial Performance Representation, as well, to aid in the estimation of profit potential. A FDD is made available after completing our Application for consideration as a franchise candidate.
How do I obtain an FDD?
We can send you a copy of the FDD upon receipt of your completed franchise application. The FDD is available electronically. Printed copies are available upon request.
Are there territorial rights when you open a Salsarita’s location?
Every Salsarita’s franchise is provided a defined radius of protection. The Salsarita’s model is designed for multi-unit operators of between three and five stores. In such cases, the franchisee receives a specific, defined and exclusive territory within which to develop.
Will I receive training?
At Salsarita’s, we pride ourselves with our Training and Operations departments. Each Franchisee receives training in Charlotte, NC at our “Burrito Bootcamp” for themselves and their manager. Salsarita’s also helps you train your staff in the week prior to opening and running through the first full week of operation. We have Franchise Business Coaches available who can and will assist you in day-to-day operations and to make scheduled visits to your store.
What are the Royalties and other fees?
Our Franchise Fee is $30,000. The royalties are 5% of gross sales. There is a 1% Creative Fund contribution and a 1.5% local store marketing requirement.
How long does it take to get a store open?
Factors such as your ability to find real estate, lease negotiation and financing will play a part in your time to market. From start of the franchise sales process to opening a store, the average runs about 10-12 months. Of that time, 8-10 weeks are dedicated to the construction process.
Where can I find more information about franchising in general?
The International Franchise Association (IFA) has a website (www.franchise.org) that contains many valuable resources for interested franchisees.