Modern Market Eatery is a premium fast casual restaurant serving freshly prepared sandwiches, salads, soups, pizzas, and beverages. The franchise emphasizes fresh, wholesome menu items.
Key Insights
- Modern Market Eatery grew from a fundamental commitment to solving real problems that affected both customers and service providers, developing systematic approaches that improve efficiency, enhance quality, and create positive outcomes for all stakeholders involved in the business relationship.
- Food sourcing strategies prioritize local suppliers and seasonal ingredients when possible to support community relationships, ensure ingredient freshness, and provide customers with transparent information about food origins while maintaining cost-effectiveness and supply chain reliability.
- Economic factors support increased consumer spending on services that improve quality of life and provide convenience, creating growth opportunities for businesses that can deliver value while adapting to changing economic conditions and customer priorities.
Franchise Fee and Costs to Open
Exploring the financial picture of Modern Market Eatery gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $928,500 - $1,468,750, along with a franchise fee of $40,000 - $40,000.
Financial Performance and Revenue
Yearly gross sales of $2,140,698 and estimated earnings of $256,884 - $321,105 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 4.6-6.6 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Modern Market Eatery provides comprehensive training and resources for new franchisees. Initial training, lasting two weeks, is conducted at the franchisor's corporate headquarters. Modern Market Eatery offers ongoing support and access to operational manuals. The franchisor recommends utilizing their established systems for optimal performance. Franchisees receive marketing materials and guidance on brand standards.
Legal Considerations
Legal considerations for a Modern Market Eatery franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Franchisees may encounter considerations regarding adapting to diverse local tastes and an established competitive landscape. The meticulous preparation of a fresh-focused menu introduces operational complexities requiring efficient systems and staff training. Additionally, maintaining consistent ingredient quality and availability from designated suppliers is a key factor for business success.
Franchise Datasheet
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