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The initial franchise fee for your first NY Bagel Cafe & Deli franchise is $29,500. ...
What is the royalty and advertising fee?
The royalty payment is 5% of gross sales. All advertising is done on a store by store basis by the operator. You are required to spend at least $500 a month on advertising your location. In the future we will have a national advertising fund that would include advertising on a national and local level.
What is the size of a typicalNY Bagel Cafe & Deli operation?
Your NY Bagel Cafe & Deli will typically be located in a 1,100 to 2,000 square foot space.
What types of franchises are available?
NY Bagel Cafe & Deli grants individual and multi-unit franchises.
Does NY Bagel Cafe & Deli provide financing?
NY Bagel Cafe & Deli does not provide direct financing. However, NY Bagel Cafe & Deli works with several financing organizations that may be able to assist you in securing the financing for your franchise.
What type of net worth is necessary for a NY Bagel Cafe & Deli franchisee?
A net worth of $300,000 and liquidity of $75,000.
How much is the investment in a NY Bagel Cafe & Deli franchise?
The capital requirements for aNY Bagel Cafe & Deli franchise are approximately $112,500 to $194,500. This is based on a variety of factors, such as building improvements, lease deposits, insurance, equipment choices, square footage, etc. For the initial investment list, click here.
What supplies must be purchased as a NY Bagel Cafe & Deli franchise?
All proprietary items and food products from our approved vendor list must be used in order to maintain consistency throughout the chain and remain competitive.
Do I receive guidance on the purchase of inventory and supplies?
Yes. We evaluate suppliers based on their ability to provide products that are equal to or exceed our specifications and high quality standards, in sufficient quantities and at competitive prices.
Is prior experience required and do I receive training by NY Bagel Cafe & Deli?
Prior experience is not required. NY Bagel Cafe & Deli will provide you with both pre-opening and operations training to run your store and to train others to assist you. This training will take place both in an existing NY Bagel Cafe & Deli location and “hands-on” in your store.
How do I find a location?
It is the franchisee‘s responsibility to locate a suitable location. However, we are ready to assist you in this through the use of our experienced Real Estate Department along with our network of brokers throughout our area. We can also provide you with direction on site analysis, including obtaining demographic and traffic information. NY Bagel Cafe & Deli must give final approval on all locations.
Who decides what prices I will charge for menu items?
You set your own prices. However, we provide you with detailed pricing listings based upon your experience to help you maintain consistency throughout the chain and remain competitive.
DoesNY Bagel Cafe & Deli have business forms and marketing materials I can use?
Yes. We have a variety of useful forms and controls that will aid you in running an efficient operation. You will receive ads, flyers and other marketing materials that have been professionally prepared to promote your business within your local market.
What is the term of the franchise agreement?
The initial term of the agreement is ten years with renewable options.
Can I “sell” my NY Bagel Cafe & Deli franchise?
Yes. Like any other business, your franchise license and business may be sold to a buyer approved by the company. However, the company has the right of first refusal. There is a transfer fee for administrative, legal, and training expenses covered in the Uniform Franchise Offering Circular and Franchise Agreements.
How long will it take to open my first NY Bagel Cafe & Deli?
The time to open your NY Bagel Cafe & Deli depends on a number of variables, including selecting a desirable location. It is our desire to get you up and running as quickly as possible. You may be able to arrange financing, complete training, and have construction completed in as little as 90 to 120 days from the point a site has been secured and a lease executed.
How do I get started?
First, fill out the Franchise Application Form and fax it to 1 (609) 291-8680 or mail it to: SMS FRANCHISE L.L.C. 2 UNIVERSITY PLAZA SUITE 100 HACKENSACK N.J. 07601