- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$329K - $2.2M
- Units as of 2018
-
23
Company Overview
About Ground Round Grill & Bar
Industry | Food |
---|---|
Related Categories | Miscellaneous Full-Service Restaurants |
Founded | 1969 |
Parent Company | Ground Round Inependent Owners Cooperative LLC |
Leadership | Jack Crawford, CEO |
Corporate Address |
15 Main St., #210 Freeport, ME 04032 |
Social | Facebook, Twitter |
Business Overview
Franchising Since | 1969 (56 years) |
---|---|
# of employees at HQ | 6 |
Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
# of Units | 23 (as of 2018) |
Line graph showing the number of units this franchise had for the last 5 years. |
Information for Franchisees
Here's what you need to know if you're interested in opening a Ground Round Grill & Bar 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
|
$20,000 - $35,000 |
---|---|
Initial Investment
|
$329,000 - $2,205,000 |
Net Worth Requirement
|
$1,000,000 - $5,000,000 |
Cash Requirement
|
$500,000 - $750,000 |
Royalty Fee
|
2.5%/3.5% |
Ad Royalty Fee
|
2% |
Term of Agreement
|
5 years/10 years |
Is franchise term renewable? | Yes |
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 | 400 hours+ |
---|---|
Classroom Training | 64 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Franchisee Intranet Platform
|
Marketing Support |
Ad Templates
Regional Advertising
Social Media
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 50 |
Are exclusive territories available?
|
Yes |
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