Financial Requirements
Some Food is searching for multi-unit foodservice and retail operators, as well as other investors who have a history of business success. Franchise candidates with other professional backgrounds are also encouraged to apply, but will be required to have experienced and qualified restaurant operators at their franchises.
Perhaps most important, we are looking for individuals who will embrace the Some Food mission. Franchising is a key component to our strategy to continue building the Some Food brand, expanding our presence nationally and increasing our share of the rapidly growing fast-casual dining market. Therefore, you must be prepared to attract and retain customers by believing in our system and maintaining the high standards that have ensured Some Food success for more than three decades.
New Worth and Liquid Assets
Net Worth – $750,000
Liquid Assets – $300,000
License Fee
Traditional Unit – $25,000
Nontraditional Unit – $25,000
Royalty Fees
Traditional Unit – 4.5% of gross sales
Nontraditional Unit – 5% of gross sales
Market development fees – for exclusive development agreements
$12,500 per unit (applies to license fees)
Advertising fees, contributions and expenditures
Franchisees must pay an advertising fee of up to 1.25% of their gross sales to Some Food for the national advertising fund. Some Food currently has set the fee at 0.85% of gross sales.
Franchisees must spend at least 2% of gross sales on local store marketing for their franchised restaurants (less amounts in excess of 2% of gross sales contributed to an advertising cooperative).
Finally, franchisees must contribute up to 4% of gross sales to any advertising cooperative established for their restaurants.