Start a Staks Pancakes Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $527K - $949K

Units as of 2021: 2 0.0% over 3 years

Staks Pancakes is a fast-casual restaurant franchise offering a whole range of breakfast and other foodie delights, from specialty pancakes, toast, cinnamon rolls, flavored bacon, omelets, and more. The brand aims to be a comfort food go-to kitchen where people can satisfy their appetites as though they were home.

The founders created the concept as they realized that their hometown of Memphis, Tennessee needed more breakfast options. They craved for a place that they could raid on Saturday mornings if they hadn’t cooked their own custom pancakes yet.

The first Staks Pancakes opened in 2015. They began franchising the concept in 2021 and are actively seeking to expand their reach.

Why You May Want To Start a Staks Pancakes Franchise

Opening a Staks Pancakes franchise may require little prior business experience, but new franchisees will be trained for a few months on the job as a requirement. If you enjoy working in a fun, casual, and appetite-indulging environment, you may make a good franchisee. Staks Pancakes also values commitment to high performance and excellent customer service.

Staks Pancakes franchisees may benefit from the brand power of an established restaurant chain that operates on a convenient turnkey system. The franchisor may also offer extensive support, from the office to the field, including payroll, accounting, and marketing.

What Might Make a Staks Pancakes Franchise a Good Choice?

Staks Pancakes may stand out with its unique and extensive menu that has found a following including kids, moms and dads, retirees, and everyone in-between. Besides its attractive food concepts, Staks Pancakes offers all fresh, all-local, all-organic ingredients, which may expand their customer base even more to accommodate people with sensitive diet requirements.

Opening a Staks Pancakes franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.

Staks Pancakes has partnered with third-party financial lenders that may help cover the costs of the franchise fee, startup, equipment, inventory, accounts receivable, and payroll.

How To Open a Staks Pancakes Franchise

As you decide if opening a Staks Pancakes franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Staks Pancakes franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

To be part of the Staks Pancakes team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Staks Pancakes franchising team questions.

Company Overview

About Staks Pancakes

Industry	Food
Related Categories	Miscellaneous Quick-Service Restaurants, Breakfast/Brunch Restaurants, Food: Quick Service
Founded	2015
Leadership	Brice Bailey, CEO
Corporate Address	3491 Windgarden Cove Memphis, TN 38125

Business Overview

Franchising Since	2021 (3 years)
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises worldwide.
# of Units	2 (as of 2021)

Information for Franchisees

Here's what you need to know if you're interested in opening a Staks Pancakes 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 Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$35,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$526,600 - $949,000
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$35,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$35,000
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	to 1%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 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.

Third Party Financing	Staks Pancakes has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, 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	125.5 hours
Classroom Training	27.5 hours
Ongoing Support	Grand Opening Site Selection
Marketing Support	Social Media

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes