- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$61K - $72K
- Units as of 2023
-
8 700.0% over 3 years
Company Overview
About Meals of Hope
| Industry | Food |
|---|---|
| Related Categories | Miscellaneous Food/Beverage Businesses, Meal Prep/Delivery |
| Founded | 2007 |
| Parent Company | Meals of Hope Inc. |
| Leadership | Stephen Popper, President & CEO |
| Corporate Address |
2221 Corporation Blvd. Naples, FL 34109-2017 |
| Social | Facebook, Twitter, LinkedIn, Instagram |
Business Overview
| Franchising Since | 2021 (3 years) |
|---|---|
| # of employees at HQ | 19 |
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 8 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Meals of Hope franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$40,000 |
|---|---|
|
Initial Investment
|
$61,050 - $71,925 |
|
Net Worth Requirement
|
$75,000 - $100,000 |
|
Cash Requirement
|
$15,000 - $25,000 |
|
Veteran Incentives
|
10% off franchise fee |
|
Ad Royalty Fee
|
5% |
|
Term of Agreement
|
5 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| In-House Financing | Meals of Hope offers in-house financing to cover the following: equipment, inventory |
|---|---|
| Third Party Financing | Meals of Hope has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, accounts receivable, payroll |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 3 hours |
|---|---|
| Classroom Training | 15.5 hours |
| Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
Yes |
|
Can this franchise be run part time?
|
Yes |
|
Are exclusive territories available?
|
Yes |
Additional Rankings
Curious to know where Meals of Hope ranked on other franchise lists? Find out below.
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