SIMPLE PLAN offers healthy meal prep, packaging, and sales through retail stores and an e-commerce website. The franchise focuses on providing convenient, nutritious meals to health-conscious consumers.
Key Insights
- SIMPLE PLAN was created to bring much-needed innovation and professional standards to an industry that required modernization, focusing on developing scalable systems and processes that ensure consistent quality while adapting to local market conditions and customer preferences.
- Technology integration improves accuracy, efficiency, and communication while preserving the personal attention and customized service that clients value, balancing automation with human expertise to enhance service quality and customer experience.
- Consumer education and awareness drive increasing demand for higher quality and more specialized service options, benefiting businesses that can demonstrate expertise, reliability, and value while building trust through consistent performance and professional service delivery.
Franchise Fee and Costs to Open
Exploring the financial picture of SIMPLE PLAN 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 $92,450 - $117,400, along with a franchise fee of $35,000 - $35,000.
Financial Performance and Revenue
Yearly gross sales of $653,000 and estimated earnings of $65,300 - $78,360 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 2.0-4.0 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
SIMPLE PLAN provides comprehensive training for new franchisees. Initial training is a two-week program conducted at the SIMPLE PLAN corporate headquarters. Resources include detailed operational manuals and ongoing support. SIMPLE PLAN offers a robust framework to assist franchisees in launching and managing their SIMPLE PLAN business.
Legal Considerations
Legal considerations for a SIMPLE PLAN 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 in the Restaurants & Food industry, operating with a SIMPLE PLAN business model, might encounter considerations such as the presence of established local competitors, each with its own customer base. The day-to-day management of a food establishment involves intricate operational processes requiring consistent attention. Furthermore, dependence on particular suppliers for ingredients introduces a need for reliable sourcing and potential price fluctuations within the supply chain.
Franchise Datasheet
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