How much are the franchise and royalty fees?
Franchisees pay an initial $30,000 franchisee fee as well as 5% royalty fees and 2% advertising fees.
What are the financial requirements to open a Humpty’s Restaurant?
The following is a typical financial schedule for an average 100 seat Humpty’s Family Restaurant. These costs are subject to the location, the landlord’s contributions and the type of operation.
Franchisee Fee: $30,000
Equipment Package: $130,000
Furniture and Fixtures: $130,500
Leasehold Improvements: $340,000
Opening Inventory: $12,000
Security Deposits: $18,000
Miscellaneous Expenses: $14,500
Total Turn Key Cost: $690,000
Is there an accounting system in place for franchisees?
Humpty’s has designed a financial management and financial reporting system that is user friendly. Our accounting and finance department plays a key role in training all franchisees so they are well equipped to accurately report their financial performance to Head Office.
Can I sell my business?
At any time you can sell your Humpty’s Family Restaurant business. The Company has first right of refusal to purchase your business. Should the Company waive its right it will then assist you in your sale. The only stipulation is that the Company has to approve the purchaser.
Will I receive fair market value for my business?
The manner in which the franchisee manages their business prior to any sale will determine the selling price. Operating your business in an efficient and profitable manner will net increased value in any sale.
Can I own more than one Humpty’s Family Restaurant?
To own more than one location the Company prefers that equity partners are involved that can manage the additional locations. The equity could be as little as 5% however with this equity the Franchisee and the Company can be assured of more stable hands on management.
How can I get more information?
If you would like to learn more about joining the Humpty’s Family Restaurant system please contact:
Humpty’s Restaurants International Inc.
2505 Macleod Trail South
Calgary, AB T2G 5J4
Attention: Sergio Terrazas
Phone: (403) 269-4675
Fax: (403) 266-1973
Email: [email protected]
Or fill out our online information request form.