Man I knew that you had to have some $$ to own a franchise but WOW!
Dairy Queen “Chill and Grill”
[quote]Minimum Net Worth: $750,000
Liquid Assets: $400,000
Initial Franchise Fee: $35,000
On-going Royalties: 4% of sales
On-going Sales Promotion Fee: 5-6%
Term of Franchise Agreement: 20 years w/10 year renewal option[/quote]
[quote]Following is the estimated project cost for a standard, free standing, DQ Grill & Chill restaurant (excluding land).
Site Improvement: $140,000 - $450,000
Construction Cost: $460,000 - $650,000
Equipment Cost: $380,000 - $480,000
Working Capital: $100,000 [/quote]
That’s some serious coinage involved. I like the look of the new restaurants though. I wonder where they are looking to put one here though. Check out these site requirements and try and visualize where in the downtown area such a place would exist?
Minimum Lot Size: | 34,000 Square Feet with 121â€™ Frontage
Building Sizes: | 2,600 or 3,600 Square Feet
Parking: | Minimum of 46 Parking Spaces
Traffic Count Minimum: | 20,000 Daily Average
Employees: | 5,000 (3 minute drive-time)
Median Household Income: | Minimum of $35,000
DQ Grill & Chill Image: | Logos and building design and materials allowed
Drive-Thru: | Site can acquire drive-thru zoning approval[/quote]