Cash Investment (Liquid): $80,000
Minimum Investment: $300,000
Maximum Investment: $350,000
Minimum Net Worth: $250,000
Franchise Fee: $20,000
Royalty Type: Flat Percentage Fee
Royalty Fee Structure: 6% on in-store, 5% on Delivery
Ad Fee Structure: 2%
Business Type
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Retail
B2B/B2C
B2C
Discounts
-
Vet Fran
Average # of Employees:
2 per shift
Participation Type:
-
Owner-Operator
Background
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Year Established: 2006
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Year First Franchised: 2009
BURRITObar
WHO ARE WE?
In 2006 Alex Shtein opened the first BURRITObar Fresh Mexican Grill in Toronto, Ontario. In 2009 Alex started their franchise program. Since then, BURRITObar has expended to 130 franchises across the country, with over 50 new stores in various stages of development. BURRITObar is projected to be a 300-store chain within the next 3 years.
Why US?
This is a simple and easy to execute business. No special chefs or skills required. The majority of their employees are at minimum wage. Hours of operation are 11 AM - 9 PM 7 days a week. Their food is cooked fresh on premises daily. They offer more proteins and healthier options than any of their competitors. Their food is delicious, they have some of the highest YELP reviews in their category and they offer an excellent value proposition to their customers.
Support
Training is 5 weeks full time. 3 weeks at an existing training store (Michigan). 2 weeks at the Franchisee's store. 1 week before opening and 1 week after opening.
Ideal Candidate
Their ideal candidate is someone with entrepreneurial spirit. Who is committed to a great customer experience. That is interested in running a successful business opportunity. A person who is interested in following a proven track record of success. That individual will be an extrovert, with a passion for food and service. They are looking for candidates with good business acumen and preferably experience in managing other people. Prior restaurant experience is not required.
Ideally they are looking for a minimum 3 store developer. They can open a location for every 30,000 population. People that want to take over regions and develop them are ideal for their chain. Their existing franchisees are constantly reinvesting and buying more locations. They are an ideal model for multi-unit ownership.
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