Shakey's is a family-friendly restaurant serving pizza, chicken, and American comfort food. The franchise includes buffet options, games, and an entertainment-focused dining atmosphere.
Key Insights
- Shakey's emerged when founders recognized significant opportunities to transform traditional service delivery methods within their market, developing innovative approaches that addressed specific customer pain points and established new standards for quality and reliability in the industry.
- Service customization addresses specific client requirements through flexible approaches and specialized expertise that adapt to unique project demands while maintaining consistent quality standards and professional service delivery that builds trust and long-term business relationships.
- Urbanization patterns increase demand for convenient services that save time and effort for busy consumers, creating opportunities for businesses that can provide efficient, reliable service delivery while maintaining quality standards and customer satisfaction.
Franchise Fee and Costs to Open
Exploring the financial picture of Shakey's 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 $1,279,000 - $3,529,500, along with a franchise fee of $35,000 - $35,000.
Financial Performance and Revenue
Yearly gross sales of $1,758,126 and estimated earnings of $175,813 - $210,976 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 12.9-14.9 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
Shakey's provides comprehensive training for new franchisees. This initial program, lasting two weeks, is held at their corporate training facility. Shakey's offers a robust support system, equipping franchisees with the knowledge and tools to operate their Shakey's location. Resources cover operational procedures and brand standards.
Legal Considerations
Legal considerations for a Shakey's 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
A franchisee may encounter challenges in navigating local market competition, requiring a keen understanding of consumer preferences and competitor strategies. The operational complexity of a restaurant, including staffing, inventory management, and maintaining service standards, demands diligent attention. Reliance on specific supply chains for ingredients and other materials presents a consideration, necessitating robust relationships with suppliers to ensure consistent quality and availability.
Franchise Datasheet
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