Is previous food or restaurant experience necessary to obtain a Twisted franchise?
Restaurant experience is always helpful. If you have experience running another type of business working with employees & customers, and have had experience in basic paperwork to run a business, then that's a huge asset. However, we do have a comprehensive training program and support manuals that can help you learn our business.
As our franchisee partner we will also provide ongoing support to you.
Is there a cost for the training program or ongoing support?
The cost of training is included in your franchise fee, including training and support at your location for the Grand Opening. Travel, lodging, and food, are the responsibility of the individual franchisee. Although we are always there for our franchisees to guide them and provide them support in any area they need, a specific field-support after opening can be provided at a per diem cost.
What is your franchise fee?
Our franchise fee is $25,000, payable upon signing of the Franchise Agreement. This is a non-refundable fee.
Our franchise program is “turn-key”. From start to finish, Twisted Indian Wraps develops its locations in a professional, quality and efficient manner. The following information is only intended to provide you with a general overview of costs for a typical location. Each location varies based on a number of factors, such as store size and layout, exhausting requirements, building codes of the city, degree of construction difficulty and any allowances provided by the landlord. We will however, provide you with our disclosure document which contains information, costs and expenses as they relate to a specific location. All taxes are extra, where applicable.
If you require bank financing assistance, we can introduce you to several business consultants who provide consulting services and will assist you in the preparation of a professional business plan, in order to secure bank financing for the business venture.
Below are some of the business terms as they relate to a Twisted franchise:
- Franchise Term: Generally 10 years
- Lease Term: Generally 10 years
- Renewal Option: If available, typically two 5 year extensions
- Franchise Fee: $25,000
- Royalty Fee: 6% of sales (monthly)
- Marketing Fee: 3% of sales (monthly)
- Ideal store size: 1,200 – 1,400 Sq. Ft. (with the exception of food-court locations)
- Development Costs: $250,000 to $275,000 (Varies due to site conditions)
- Cash Investment Required: $100,000 to $125,000 (depends upon the credit ratings of the franchisee applicant)
- Working Capital: $10,000 to $20,000 starting cash in bank
- Partnerships: Are allowed but all partners must submit applications and qualify. A partnership agreement is required and the operating partner must have an equal or greater business equity.
Am I protected from other Twisted stores opening near my store?
At the time a location is determined for your first store a “Protected Area” will be established. The size of the area will depend on the density of population, traffic, competition and other factors.
Can I reserve territories for future development after my first store?
At the time of signing the Franchise Agreement (or after opening your first store) if you express interest in multi-store development, we will keep your name on top of the list for your territory for future development. Should another store development opportunity present itself within one year of you becoming a franchisee and you have a great performance/compliance record in our franchised system, then the second and subsequent locations may be awarded to you, one location at a time.
How long do I have to develop the store under the Franchise Agreement?
You have twelve (12) months to open a store.
How is an area defined for a Development Agreement?
Based on the general location you wish to operate in we will define an area large enough to hold the number of stores you have purchased under the Development Agreement. You will also have a right of first refusal to any location in the Development area that becomes available in addition to the store opening schedule in the Development Agreement.
How long is the Franchise Agreement, and is it renewable?
The Franchise Agreement is for 10 years and renewable for 10 additional years.
How much is the royalty payment and how is it collected?
The royalty is 6% of gross sales, payable monthly. You must use the POS system we designate, and have internet access at your store location. Your POS system will be polled to keep track of sales.
What are the advertising fees?
The Marketing/Advertising fee is 3% of gross sales. You will be required to spend portion of this on your local advertising.
What is the advertising fee used for?
We use the fees for creation, production and placement of commercial media advertising, public relations, market research, brand recognition, and in-house staff coordinating these efforts. We do not use the funds to solicit franchisees.
I have little or no experience in commercial lease transactions. Will Twisted assist me?
Yes. We have personnel who are familiar with commercial leasing, including tenant work letters, and letters of intent. While we will review and help prepare these documents, we do not serve as legal counsel or in any other professional capacity.
How much will it cost to open a store?
The cost of opening a Twisted varies with location and size. Please refer to our Franchise Disclosure Document (FDD) for estimated costs.
What does the franchise system include?
Owning and operating an assigned Twisted franchise, use of brand name, trademarks, recipes, operational systems and methods, and décor. Additionally, you will receive support in these specific areas:
- Facility planning on site location and architectural design
- Specifications for fixtures, equipment, and leasehold improvements
- Assistance in site selection and lease negotiation
- Corporate training for Owner/Operator and Director of Operations/General Managers
- Kitchen/Back of the House Workflow design
- Ongoing support from members of the Training and Operations Team
- Ongoing updates for increasing profitability
- Products with high industry demand
- Efficiency in all systems
- Favorable contracts with suppliers of goods and services
Operating manuals, policies, procedures, and business management systems