1. How do I get started?
The first step is to return the online information questionnaire
to us. This does not obligate you or Blimpie International,
Inc. in any way. The information is simply used to determine
whether or not owning a Blimpie restaurant may be right for
you. Upon receipt and review, we will contact you to arrange
a personal meeting and address your questions. At the first
meeting you will be given our Uniform Franchise Offering Circular
(“UFOC”) for review. This document contains all
the information required by the Federal Trade Commission and/or
the particular state in which your BLIMPIE restaurant will be
located. A copy of our franchise agreement is included in the
UFOC. Our UFOC will enable you to diligently investigate our
franchise program.
2. What is the initial franchise fee?
The initial franchisee fee for your first franchise is $18,000
and may be reduced for additional franchises based on certain
conditions and criteria.
3. What is the term of the franchise agreement?
Your
franchise agreement will have an initial term of 15 years
followed by two 10-year renewal options.
4. Is there a continuing royalty fee?
The continuing royalty is 6% of gross sales, excluding sales
tax.
5. Is there an advertising fee?
Currently the advertising fee is 4% of gross sales.
6. Do I get a protected territory?
No, you do not receive a protected territory.
7. How much money do I need to get started?
The initial franchise fee for your first franchise is $18,000.
The initial franchise fee for multiple units may be discounted
for additional franchises based on certain conditions and
criteria. The build-out of your restaurant, less equipment
costs, can range from $20,000 to $130,000 depending on the
size and type of location. We also suggest that you have in
reserve $15,000-$30,000 for operating expenses until your
business is up and running. The estimated initial investment
for a traditional BLIMPIE restaurant will be between $114,020
and $341,600.
8. How long does it take to open a BLIMPIE restaurant?
We hesitate to give time frames due to the number of variables
that exist. Usually, a BLIMPIE restaurant can be opened within
3 to 6 months from the time a franchise agreement is signed,
but may vary due to the following factors:
• the number of existing franchisees who are on the
waiting list in your area
• finding a suitable location
• lease negotiations
• arranging financing
• construction time
• training
9. Will I receive assistance in finding a location
for my BLIMPIE restaurant?
Yes, while it is each franchisee’s contractual responsibility
to find a suitable location, we may voluntarily assist you
in this process. We will collectively review all available
options and approve a location that is mutually agreed upon
and meets our criteria.
10. Who signs the lease?
The master lease will be executed by a Blimpie International,
Inc. leasing affiliate. The franchisee will receive the sublease
with no additional markup.
11. Do I receive training from BLIMPIE?
Our current training program consists of three segments. The
first segment is a minimum of 80 hours of hands-on experience
in an operating BLIMPIE restaurant. This practical experience
is followed by 80 hours of formal classroom training at BLIMPIE
University in Atlanta, Georgia. BLIMPIE University covers
all facets of operating a business, such as marketing, accounting,
hiring policies and procedures, cash management, customer
relations, and other critical business matters. Once this
class has been successfully completed, the franchisee must
spend an additional minimum 40 hours in a BLIMPIE restaurant
to gain more hands-on experience. BLIMPIE will then assist
you at the opening of your restaurant.
12. What type of support will I receive?
• An Area Representative may be available for assistance
and, if available, will be an integral part of our support
in assisting you in your business development
• A BLIMPIE representative will visit regularly and
will remain available to answer business questions.
• A series of manuals are also provided in the BLIMPIE
University that will assist in the operation of your BLIMPIE
restaurant.
• A monthly newsletter is provided to you to keep you
informed of new management tips, research and development,
and important events occurring throughout the BLIMPIE franchise
system.
• The National Franchisee Advisory Council is also an
important link with BLIMPIE. Franchisees elected and appointed
to this council work with Blimpie International, Inc. to help
all BLIMPIE franchisees keep abreast of new developments in
the marketplace.
Regional activities are an important part of our continuing
education program. This program, helps keep franchisees informed
on a variety of subjects and provides an opportunity to interact
with other franchisees and Blimpie’s management team.
13. Can I open more than one store?
Yes. We encourage those franchisees who are qualified to open
multiple locations. Based on your application and financial
information, you may be eligible to purchase more than one
Blimpie franchise up front. Alternatively, you may want to
purchase a franchise, become familiar with the business, and
then purchase your second or third BLIMPIE franchise.
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