Toastique Flashcards

1
Q

How much money do I need to open my own Toastique franchise location?

A

Our initial investment ranges from $280,750 – $482,200

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2
Q

What is the franchise fee?

A

Our franchise fee is $45,000 franchise for a single location.

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3
Q

How much available cash do I need to qualify for a franchise?

A

We ask that our candidates have at least $150,000 in liquid capital and a net worth of $300K or higher.

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4
Q

How much money can I expect to make?

A

We are proud of our outstanding unit economics and look forward to discussing those with you. Our original Toastique saw net profits of $216,949 during 2020, in spite of COVID-19.* After completing our Questionnaire and demonstrating financial qualifications to own a franchise, we will then provide you with our Franchise Disclosure Document (FDD) which contains more detailed financial statements and performance of our Franchise Owners.

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5
Q

Do I need restaurant experience?

A

No restaurant experience is necessary to own a Toastique! We’re really looking for people with a strong background in leadership and management, with excellent interpersonal skills, drive and determination, and a passion for wellness and healthy eating that equals our own.

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6
Q

What kind of franchise support can I expect from the Toastique corporate team?

A

Our Franchise Owners will receive hands-on training, field support, marketing support, and ongoing support from the Toastique Founders themselves, as well as our thoughtfully-assembled team of experts.

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7
Q

What does a typical Toastique location look like?

A

Toastique café location, we find that a footprint between 1,000-1,800 square feet is ideal, in a densely populated residential area with high foot traffic and in close proximity to hotels, fitness facilities, office buildings, and colleges or universities. Being located in a touristy area is a plus. Outside seating is preferred,

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8
Q

How quickly can I expect my Toastique location to open after signing my franchise agreement?

A

The average estimated ramp-up time is 5-12 months; we’ve managed to complete buildout on all three of our corporate locations in just 40 days each, so expect a quick ramp-up!

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9
Q

When can I expect a return on my initial investment?

A

While we can’t make any guarantees on your specific location, the estimated timeframe to break even is approximately 12-16 months after signing your agreement.

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10
Q

How many staff members will I need to hire?

A

We recommend hiring one General Manager, 1-2 Shift Leads, and 5-8 hourly employees for your Toastique location, and expecting to have 2-3 hourly employees on each shift with your GM and one shift lead. If you choose to do so, you can act as General Manager.

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11
Q

What qualities do you look for in a Toastique Franchise Owner?

A

Passionate about health and wellness, with a desire to serve as an ambassador of healthy eating to your community.
Strong work ethic, drive, and determination
Outgoing and friendly,
Strong business management background with experience in the fast-paced hospitality or food-service industry.
Fearless pioneer spirit who is excited to be a trailblazer

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12
Q

Are there other ways to earn revenue besides dine-in service?

A

customers can enjoy our gourmet offerings via takeout and third-party delivery. We are also well-equipped to handle catering orders, thanks to the ‘grab-and-go’ nature of our gourmet toasts, juices, smoothies, and bowls. A Toastique Franchise Owner has the potential to earn money from multiple complementary revenue streams.

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13
Q

What kind of equipment will I need for my Toastique location?

A

With no fryers, hoods, ovens, or other complex restaurant equipment to worry about, Toastique Franchise Owners can keep their operations simple and their build-out costs low. The only major equipment expense you should expect is an X-1 Mini Juicer which retails for $15,000 and is delivered to the door of your café.

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14
Q

Will you assist with my real estate buildout process?

A

Our CFO, COO & Construction Manager Kyle Izett is a highly-experienced builder and engineer, with an extensive project management background. Kyle and his team will assist with nearly every aspect of your location’s real estate, construction, and design, working to get it done quickly, efficiently, and below market cost!

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15
Q

30 Second Elevator Pitch

A

Unique product line features all-natural, locally sourced, healthy options, made from key ingredients for health-conscious individuals looking for quick, on-the-go meals and snacks that fit their busy lifestyle. With passionate, direct involvement from our founders, low start up cost, simple, streamlined operations, and excellent earnings potential, this is the perfect opportunity for early adopters looking to get in on the ground floor of a revolutionary concept in the health fast-casual space

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16
Q

Mission

A

To make healthy eating accessible and exciting, simple to understand and appreciate, and easy to enjoy.

17
Q

Impressive Financials

A

Our first location far exceed initial sales goals in the first year, but our net profit at this location actually increased from 2019 to 2020, in spite of the global pandemic.

18
Q

Growing Health Industry

A

People are increasingly seeking out nutritious “grab-and-go” dining options.

19
Q

Simplicity and scalability

A

Compact, effective design requires no extreme cooking equipment such as ovens, fryers, or hoods, allowing for quick affordable construction.

20
Q

Brand differentiators and competitive advantage

A

Healthy, fresh, made in-house and locally sourced.
Customer experience focused.
Instagrammable.
Something for everyone. (brunch add some refreshing bellinis and quality bloody)

21
Q

Target customer

A

are people who care about what they are putting into their bodies. They have disposable income and are happy to spend a little extra knowing the product is fresh and healthy. Our customer are typically between the ages of 18-70. During the week we find busy young professionals stopping in for quick, on-the-go, healthy meals, and on the weekends, we tend to attract tourists looking for a good brunch.

22
Q

Average ticket price

A

$17

23
Q

Our Item 19

A

Top performer gross sale: $794,531
Top performer net profit: $216,949
Average gross sales: $589,268

24
Q

Top expenses a franchise owner should expect

A

The x-1 Mini Juicer at $15,00 shipped to door, and buildout costs start at $100,000

25
Q

Estimated net margins

A

25%

26
Q

Estimated timeframe to break-even

A

12-16 months after signing

27
Q

Estimated ramp uptime

A

About 5 to 12 months after the agreement signing

28
Q

Our ideal franchise owner

A

pioneers who are looking to get in on the ground floor.

Experience in fast-paced hospitality in