Franchise Information
- Why Invest
The Opportunity of a Lunchtime (and dinnertime)
The first Loop opened way back in 1981 as a leap of faith. My, how times changed. Over the next several decades, each day The Loop's business model was fine tuned, systems and processes were established and perfected. A professional, experienced corporate team was brought in. That leap of faith has now evolved into a detailed blueprint for success that can be duplicated in cities large and small across America.
While we're obviously proud of our past and present, we are most excited about the many tomorrows ahead. Few franchise opportunities are better poised for the future than The Loop Pizza Grill. The fast casual restaurant segment is among the hottest segments in the industry with no sign of slowing down. Our approach to fast casual continues to be lauded by industry experts and most importantly our diners who affectionately dub themselves "Raving Loop Fans."
Those looking for a time-tested concept with real profit potential should look no further. Loop franchises don't get lost in the crowd. They become part of the community. They are neighborhood hubs where families, church groups, young singles and baby boomers meet up time after time after time.
- What We Provide
- Site selection guidelines
- Real estate leasing guidelines
- Interior and exterior design specifications
- Comprehensive training program
- Furniture, fixtures and equipment specifications
- Products and supplies specifications
- Pre-opening development manual
- Step-by-step "how-to" operational manual, including instructional DVD's
- Pre-opening marketing manual
- Local store marketing manual
- Ability to purchase food and supplies through a national distribution agreement
- On site pre-and post-opening corporate trainers
- Profitability analysis and improvement techniques
- Administration and accounting support
- On-going research and development
- What to Invest
Initial Franchise Fee: $35,000
- Paid to franchisor at signing of franchise agreement
Architectural Fees: $15,000 - $25,000
- Paid to franchisee's architect prior to opening
Real Estate and Lease-Hold Improvements: $150,000 - $340,000
- Paid to various vendors and/or landlord as incurred unless amortized over the term of lease
Equipment, Fixtures and Signage: $175,000 - $250,000
- Paid to various vendors prior to opening
Initial Inventory: $10,000 - $15,000
- Paid to various vendors prior to opening
Insurance: $4,000 - $13,000
- Paid to insurance company prior to opening
Training Period Expenses: $0 - $10,300
- Paid to hotels, restaurants and travel vendors during the training period
Prepaid Rent and Security Deposits: $10,400 - $17,000
- Paid to landlord and utility companies as stipulated in lease
Pre-opening Employee Expenses: $7,000 - $14,000
- Paid to vendors and employees as incurred
Grand Opening Advertising Expenses: $10,000 (minimum)
- Paid to advertising vendors as incurred
Additional Funds: $15,000 - $25,000
- Total expenses $431,400 - $754,300
- Questions & Answer
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 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 types of franchises 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.
- Request More Information
Thank you for your interest in The Loop!
If you have determined that you meet our financial requirements (see Q&A) for a Loop franchise, and would like to learn more, please download and complete our "About You" pdf form so that we may pre-quality you as a potential Loop franchisee.
Upon completion, please return the "About You" form to mschneider@looppizzagrill.com and chartley@looppizzagrill.com
Once we have received and reviewed your information, we will notify you as to our approval of your application.