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Financial Requirements
Q: Is there a minimum store requirement?
A:
We will consider selling single franchises in Mississippi but we require a minimum of 3 stores/franchisee in other states.
Q: What are the minimum financial requirements?
A: Franchisees are required to have $240,000 liquidity and $750,000 net worth for a 3-unit development. Each additional unit requires $80,000 liquidity and $250,000 net worth per location. This information will be reviewed in conjunction with your complete financial data to determine compatibility to pursue a Seattle Drip location.
Q: What is the average total investment?
A: Seattle Drip has two development options: Land Ownership & Land Lease
You can expect the average investment range between $200,000 and higher depending on whether the location is a ground lease or purchase. These figures include the building, beginning inventory, equipment, franchise fee and the biggest variables, land and site development costs, where applicable.
Q: What is the franchise fee & royalty?
A: $25,000 franchise fee & 6% paid monthly no later than the 20th of the month.
Q: Does Seattle Drip offer financing?
A: No. We do not offer financing; however, we anticipate offering a leasing option for the building and equipment. We also provide helpful tools that will assist you in your business plan preparation to secure financing.
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