| Q:
What does a N.Y. Bagel Cafe’ & Deli franchise cost?
A: The initial franchise fee for your first N.Y.
Bagel
Cafe’ & Deli franchise is $29,500.
Q: How much is the investment
in a N.Y. Bagel Cafe’ & Deli franchise?
A: The capital requirements for a N.Y. 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.
Q: What is the royalty
and advertising fee?
A: 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.
Q: What type of net worth
is necessary for a N.Y. Bagel Cafe’ & Deli franchisee?
A: A net worth of $300,000 and liquidity of $75,000.
Q: Does N.Y. Bagel Cafe’
& Deli provide financing?
A: N.Y. Bagel Cafe’ & Deli does not
provide direct financing.
However, N.Y. Bagel Cafe’ & Deli works with several
financing organizations that may be able to assist you in
securing the financing for your franchise.
Q: What types of
franchises are available?
A: N.Y. Bagel Cafe’ & Deli grants individual
and multi-unit
franchises.
Q: What is the size of
a typical N.Y. Bagel Cafe‘ & Deli operation?
A: Your N.Y. Bagel Cafe’ & Deli will
typically be located in a
1,100 to 2,000 square foot space.
Q: How do I find a location?
A: 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. N.Y. Bagel Cafe’ & Deli must
give
final approval on all locations.
Q: Is prior experience
required and do I receive training by N.Y. Bagel Cafe‘ &
Deli?
A: Prior experience is not required. N.Y. 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 N.Y. Bagel Cafe‘
& Deli location and “hands-on” in your store.
Q: Do I receive
guidance on the purchase of inventory and supplies?
A: 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.
Q: What supplies must
be purchased as a N.Y. Bagel Cafe’ & Deli franchise?
A: 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.
Q: Who decides what prices
I will charge for menu items?
A: 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.
Q: Does N.Y. Bagel Cafe‘
& Deli have business forms and
marketing materials I can use?
A: 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.
Q: What is the term of
the franchise agreement?
A: The initial term of the agreement is ten years
with
renewable options.
Q: Can I “sell”
my N.Y. Bagel Cafe’ & Deli franchise?
A: 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.
Q: How long will it take
to open my first N.Y. Bagel Cafe‘ & Deli?
A: The time to open your N.Y. 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.
Q: How do I get started?
A: First, fill out the Franchise Application Form
and fax it to
1 (609) 291-8680 or mail it to:
N.Y. Bagel Cafe’ & Deli
Franchise Department
PO Box 1085
Medford, NJ 08055
THERE IS NO OBLIGATION TO INVEST IN A FRANCHISE
BY SUBMITTING THE N.Y. BAGEL CAFE’ & DELI APPLICATION.
UPON RECEIPT, WE WILL REVIEW YOUR APPLICATION AND BE BACK IN TOUCH
WITH YOU.
WE HAVE ATTEMPTED TO ANSWER THE MOST COMMONLY
ASKED QUESTIONS ABOUT N.Y. BAGEL CAFE’ & DELI. CALL
US WITH ANY QUESTIONS YOU STILL HAVE AT 1-888-550-8020.
WE APPRECIATE YOUR INTEREST IN A N.Y. BAGEL
CAFE’ & DELI.
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