FREQUENTLY
ASKED QUESTIONS
1.
What type of Franchises are available?
Single
unit Franchises on a restaurant by restaurant basis or a Development
Agreement for more than one in a specified and defined area.
2.
What is the initial Franchise fee?
$25,000
for one restaurant.
3.
What does $25,000 get me?
A
10-year license to use the name, logo types, processes and recipes.
Help and advice in all the necessary areas to eventuate an operating
restaurant including:
• Site selection & Lease negotiation assistance
• Assistance with restaurant layout plan
• Management training
• Assistance with Grand Opening and continuing promotional
planning and execution
• On location "Hands on" Franchisor support 2
days prior and continuing for 3 days after opening
4.
How much money will I need to get my first restaurant open and
doing business?
The
cost will vary due to the actual location and building chosen
as to remodeling costs, yet the parameters should fall within
the $50,000 to $235,000 range (excluding the initial Franchise
Fee). The lower cost of $50,000 would be realized if you can
gain necessary financing based on your collateral and credit
history. Leasehold improvements may be substantially covered
through Landlord allowances. Equipment can be leased and the
cost spread out over 2 to 5 years.
5.
What is my net worth requirement for a Great Outdoors® Franchise?
$200,000
(including equity in personal residence) with $60,000 liquid
capital.
6.
Does The Great Outdoors¬ Franchise provide financing?
No,
it does not. Franchisee must obtain financing however, we can
provide referrals.
7.
What type of locations are suitable for a Great Outdoors®?
Existing
structures, easily convertible to a restaurant site. Optimum
building size is 1700 - 1900 square feet, seating for 45 - 65,
parking for 20 - 50 cars, capability to have a drive-thru by
selecting a free standing building or an end cap in a strip
center. (Example: gas station, mini drive-thru bank, small retail
shop, or prior restaurant location).
8.
Where will I purchase my equipment?
From
your local equipment suppliers. We will make suggestion and
set quality standards for equipment.
9.
What is the royalty on gross sales?
Four
(4) percent, paid monthly.
10.
What about advertising?
Currently,
you, the Franchisee, must spend two (2) percent of your gross
sales on pre-approved, local advertising. Another one (1) percent
will paid to The Great Outdoors¬ Franchise advertising fund.
The total of three (3) percent may have varied distributions.
11.
Can I find my own location?
Yes,
it is your responsibility. We will help and must have final
approval.
12.
Do I receive training from G.O. Franchise, Inc.?
Yes.
All Franchisees, owner/operators and/or their management, must
attend and successfully complete the training program provided
by the Company at a specified area location in Dallas, Texas.
The cost of this initial training for two persons is included
in your franchise fee; however, those costs connected with travel
and lodging and management salaries, as well as additional trainee
tuition, will be at your expense. The training program is eight
weeks in duration and extensively covers hands-on training.
Employees may attend the program as mutually agreed upon by
yourself and the Company. Also included with The Great Outdoors¬
Franchise Training will be a review of all department functions
including:
• Operations
• Quality Assurance
• Real Estate
• Architectural
• Construction
• Marketing
• Accounting
13.
Do I receive assistance in opening my business?
Yes.
In addition to your initial training period, a Company representative
will work with you, at your expense, in your market prior to,
as well as after opening. Our corporate office is available
for assistance.
14.
What form of continuing guidance will I receive?
First
of all, you will receive on loan, the G.O. Franchise, Inc. manuals
covering the many important facets of your business operation.
As the manuals are updated, revisions will be made available
to you. You will receive periodic bulletins containing useful
management tips and information. You will also receive periodic
visits by a representative who may consult with you and offer
useful advice and counsel on advertising, promotions, training,
communication, and any other business information you may require.
15.
Do I get guidance on purchasing inventory and supplies?
Yes.
Our Operations Department evaluates suppliers based on their
ability to provide products that are equal to or exceed our
specifications and high quality standards, in sufficient volume
and lowest competitive prices, and then recommends these sources
for your use. An approved products list is available in your
manuals.
16.
What supplies must be purchased from designated suppliers?
Bread,
ice cream, roast beef, turkey, turkey pastrami, ham, and printed
or embossed paper and plastic containers and supplies.
17.
Who decides prices I will charge for menu items?
You
do; however, we will provide you with guidance, which will give
you pricing suggestions based upon our past experiences and
information/knowledge we have gained over the years. We would
like to keep all operators consistent as our customers will
frequent us in different cities.
18.
What is the term of my Franchise Agreement?
Ten
(10) years initially, with an option to renew for ten (10) years.
19.
How long will it take to open a Great Outdoors®?
60
- 120 days (many variables).
20.
What's next for me to pursue and continue?
Call
us at:
(888)260-DELI (3354) or
(972)698-7505
Or print out Questionnaire and fax
to: (972) 698-7545
Download
Questionnaire
Or
mail it to:
G.O. Franchise, Inc.
3910 Hwy 67
Mesquite, TX 75150.
We
will review your submitted questionnaire and contact you as
soon as possible.
