How much does it cost to open a CHOP5 Franchise?

CHOP5 Salad Kitchen , an emerging salad franchise in the fast-casual health food segment, is ready to expand through franchising. According to Columbus Business First , the brand wants to line up at least five new locations in the next year.

Unlike some restaurant franchises which can cost upward of millions of dollars to buy, CHOP5 has an investment range of $356,700 to $873,700. Here’s what you need to know.

Below is a breakdown of the initial investment range, according to the brand’s most recent Franchise Disclosure Document.

• Initial Franchise Fee: $49,500

• Travel and Living Expenses While Training: $1,000 - $6,000

• Real Estate/Rent and Deposit (3 months): $11,100 - $35,000

• Leasehold Improvements: $55,000 - $325,000

• Buildout Management: $0 - $15,000

• Equipment and Small Wares: $130,000 - $175,000

• Furniture: $20,000 - $40,000

• Fixtures: $15,000 - $30,000

• Signage: $10,500 - $35,000

• Graphics Package: $5,000 - $8,000

• Computer System: $900 - $11,000

• Licenses and Permits: $500 - $5,000

• Legal and Accounting: $2,000 - $5,000

• Dues and Subscriptions: $200 - $500

• Utility Deposits: $500 - $1,200

• Initial Inventory: $7,000 - $20,000

• Grand Opening Marketing: $15,000 - $25,000

• Additional Funds (3 months): $30,000 - $80,000

• TOTAL: $356,700 - $873,700

Other ongoing fees to be aware of include:

• Royalty Fee: 6% of Gross Sales

• Advertising and Marketing Fund Contribution: 0.5% of Gross Sales in year one; 1% of Gross Sales in year two; 1.5% of Gross Sales in year three and each year thereafter

• Local Advertising, Marketing, and Promotional Expenditure: 8% of Gross Sales in year one; 5.5% of Gross Sales in year two and each year thereafter

• Technology Fee: $0 - $1,000 per month

The ideal CHOP5 franchisee is a business-savvy individual, possibly with experience in other franchises, who is eager to be part of a growing brand. Whether they’re hands-on owner-operators or semi-absentee multi-unit owners, franchisees should be leaders and innovators. They should also be motivated by the opportunity to own a mission-driven business led by a team of the industry’s best and brightest.

What Sets the CHOP5 Franchise Opportunity Apart?

When creating the franchise model, the CHOP5 team set out to design a business that stands out from the conventional approaches in the sector, concentrating on developing the kind of infrastructure, adaptability and support they desired when they were franchisees themselves.

This comprehensive support includes assistance with choosing locations and help with construction, as well as market analysis visits, lower start-up costs, multiple revenue streams, and an expertly-crafted, chef-inspired menu.