franchise info

What types of franchises are available?
How much is the franchise fee?
What are the average start up costs?
What are the financial qualifications to become a Loop Franchisee?
What is the charge for ongoing service and support?
What are the advertising costs?
What is the term of The Loop franchise agreement?
What kind of training will I receive from The Loop Franchising Company?
What form of continuing guidance and support will I receive?
How long does it take to open a Loop restaurant?
What is my next step?

What type of franchise are available?
Two types of franchises are available: A direct franchise for an individual unit, and a multi-unit franchise and area development agreement providing for multiple Loop franchised restaurants within a geographic area.

How much is the franchise fee?
The franchise fee for a single Loop franchise is $35,000. The fee is payable at the execution of the agreement.
For the multi-unit franchise there is a negotiated initial fee followed by payments at the opening of each unit located within geographical boundaries covered by the multi-unit agreement. The fees are determined based upon the number of units and schedule of opening determined for the specific geographic area
The franchise fee pays for the initial license to use The Loop name trademark, and logo, as well as for training, site selection assistance and other pre-opening services including full access to The Loop's extensive operations manuals and comprehensive marketing and promotional strategy.

What are the average start up costs?
see 'What to Invest'.

What are the financial qualifications to become a Loop Franchisee?
A personal net worth of $1,000,000.00 with a minimum liquidity of $250,000.00.

What are the advertising costs?
Each franchise unit is required to spend 3% of their gross receipts in their specific geographic area. In addition, they are required to contribute 1% to an audited national advertising fund.

What is the term of The Loop franchise agreement?
The initial term of The Loop franchise agreement is twenty (20) years, renewable for successive terms of ten (10) years provided franchise meets the criteria.

What kind of training will I receive from The Loop Franchising Company?
You and up to four employees will attend a training and familiarization course of approximately six (6) to eight (8) weeks . This intensive course will be conducted at The Loop's Jacksonville headquarters. The program is designed to provide a thorough understanding of all financial, operational, management and marketing aspects of running a Loop restaurant. During the training, The Loop's experienced and professional staff will place special emphasis on sales-building profitability, customer service, and food quality assurance. Your only cost for this training will be for travel, meals and lodging. Once fully operational, additional optional and required refresher training courses will be available to you and your staff.

What form of continuing guidance and support will I receive?
As a Loop franchise owner, you will receive periodic visits from a Loop Field Consultant to answer questions and provide operational support and guidance. As The Loop operations and marketing manuals are upgraded and refined, you will receive the most current versions.

How long does it take to open a Loop restaurant?
Once the franchise agreement is executed and you have paid your initial deposit, finding and finalizing a site usually takes three(3) to four (4) months. Construction and pre-opening activities usually take three (3) months.

What is my next step?
Submit a Contact Request and we will contact you to answer any additional questions you may have. You will then be asked to complete and submit a franchise Application. Once you have been pre-qualified, we will set up a personal meeting with the Loop's Director of Franchising. In the interim, if you have any questions you may call The Loop's Corporate Office at (904) 268-2609 ext. 211.