The Carving Board is a specialty restaurant offering fresh, hand-carved sandwiches and other menu items. The franchise focuses on gourmet sandwiches and salads served in a fast-casual setting.
Key Insights
- The Carving Board 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.
- Staff coordination ensures seamless service from initial greeting through final payment while maintaining attention to detail and customer satisfaction, utilizing communication systems and training programs that support consistent, professional service delivery across all shifts.
- Generational changes in consumer behavior drive innovation in service delivery and customer engagement methods, requiring businesses to adapt communication and service approaches while maintaining the quality and reliability that build long-term customer relationships.
Franchise Fee and Costs to Open
Exploring the financial picture of The Carving Board 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 $314,500 - $621,500, along with a franchise fee of $35,000 - $35,000.
Financial Performance and Revenue
Yearly gross sales of $968,396 and estimated earnings of $67,788 - $96,840 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 6.2-8.2 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
The Carving Board provides comprehensive initial training. This program, lasting two weeks, is conducted at The Carving Board's corporate location. Franchisees receive extensive resources covering operational procedures and brand standards. The franchisor also offers ongoing support and a library of materials to assist in the journey of establishing a successful Carving Board establishment.
Legal Considerations
Legal considerations for a The Carving Board franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee might consider how local market saturation for sandwich concepts could impact customer acquisition. The operational complexity of consistently preparing high-quality, customizable sandwiches at volume presents a daily challenge. Furthermore, establishing reliable local suppliers for specific, fresh ingredients is a key consideration for maintaining product standards and managing inventory.
Franchise Datasheet
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