Over 60 units and growing.
2022 results for Corporate restaurants:
Physical Restaurant Investments
We normally seek 3,000- 3,400 sq. ft. spaces in successful strip centers. We also convert vacant fast food restaurant space in free-standing buildings. The physical development costs to open a Jimmy’s Egg restaurant, including all architectural and permit fees range from $627,800 to $978,000. That does not include any Tenant Improvement Allowance (TIA) that might be negotiated by you and your broker. The low end of the range reflects the costs involved when you convert an existing restaurant space with some usable kitchen equipment. Preferred net worth of $1.5mm and liquid assets of at least $500,000. This information is included in Item 7 of our Franchise Disclosure Document.
The individual store franchise fee is $25,000.
Area Development Fees
Area Development Fees are determined by the potential holding capacity of the market. We negotiate a territory size and development schedule that is unique for every area and circumstance. When the Area Development Agreement is signed, the franchisee will pay the initial store franchise fee for the franchisee’s first restaurant. In addition, a $5,000 per store area development fee is paid at the time the Area Development Agreement is signed. These fees are explained more thoroughly in Item 5 of the Franchise Disclosure Document.
The continuing royalty rate is 4% of the gross receipts of each Franchised Restaurant, calculated and payable monthly through an Electronic Depository Transfer Account.
Marketing Fee requirements are broken into local and national categories. There is a 1% of gross receipts continuing requirement for our National Marketing Fund. The 1% is calculated and payable monthly through an Electronic Depository Transfer Account.
Local market marketing is 1% of gross receipts of each Franchised Restaurant for its first 12 months of operation for each new restaurant. Local Advertising will increase 0.5% every twelve months thereafter, up to a maximum of 3% of gross receipts of each Franchised Restaurant if your location is performing below the average Jimmy’s Egg sales. These monies are expended by the franchisee in their local trade area.