Franchise >> Commonly Asked Questions
How Long has Groucho's ® Deli been in business?
Groucho's® opened its first store in 1941 and began franchising units in 2000.
How much does it cost to open a Groucho's® Franchise?
The current aggregate investment ranges between $75,000.00-$320,000.00. There are a multitude of factors that determine your final investment, such as local market conditions, size and condition of space, permitting, cost of construction, deposits, etc… This range typically covers all potential costs: Franchise fee, construction cost, architecture, furniture and equipment, opening food order, and line of credit or cash for capital support.
What are the financial qualifications to open a Groucho's® Franchise?
A minimum credit score of 680 along with a minimum net worth of $200,000.00. Included in your net worth, you need to have a minimum of $40,000.00 in liquid assets which you can use to invest in your franchise opportunity. Financing is to be obtained through third party lending sources. Groucho's® does not offer financing.
How much are the Franchise fees and Royalties?
The current Franchise fee is $20,000.00 (per unit ) payable with execution of a Franchise Agreement. There is a continuing royalty of 5.25% of your gross sales paid monthly. Groucho's® does not currently charge an advertising or marketing royalty. We believe that your marketing dollar is best spent in your immediate trading area under your discretion (advertising must be approved by Groucho's®).
How much can I make as a Groucho's ® Franchisee?
We are restricted by the Federal Trade Commission and various state franchise regulations from providing you with profit projections. You are encouraged to speak with actual Groucho's® franchisees after the completion and acceptance of the application process.
How long does it take to open a franchise?
This process takes approximately 2-8 months from the signing of the Franchise Agreement to the day your Franchise opens. Every locations is different and there are numerous factors, including but not limited to site selection, lease negotiations, construction/permitting needs and successful completion of training that ultimately dictate how long the process will take.
I am interested in learning more about becoming a Groucho's® Franchisee, what is the next step?
All information contained herein is subject to revision, to validate this information please refer to Groucho's Franchise Systems, LLC current Franchise Disclosure Document.
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