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General

Industry

Food and Beverage

Category

Fast Casual Restaurant

Works with Franchise Brokers

No

Year of Founding

2015

Fees

Marketing Fee

0-0.01

Royalty Fee

Varies

Franchise Fee

$30,000-$30,000

Investment Range

$55K-$82K

Location units

Total U.S. Locations

15

U.S. Franchised Units

12

U.S. Corporate Units

3

Headquarters (City)

Sacramento

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2019

Issuance of FDD Data

07/19/2019

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$55K-$82K

Franchise Fee

$30,000-$30,000

What to know about Foodjets franchise?

FoodJets Franchise, LLC d/b/a FoodJets offers a franchise opportunity to offer an online local restaurant food ordering and delivery service in a defined territory. FoodJets services are currently available in major metropolitan areas across the United States. The franchisee will use the FoodJets name, marks, and system to market and offer online food ordering and delivery services. FoodJets has been operational for many years and its experience in the industry has allowed them to create a perfect a franchise model that is simple to follow and easy to implement. When you become a FoodJets franchisee, you will be given access to our state-of-the-art software platform that makes it easy for customers to order food from their favorite restaurants. You will also receive training on how to run your business effectively, as well as ongoing support from our experienced team of franchise experts.

Foodjets is based in Sacramento, CA. Scroll down to learn more!

How much does a Foodjets franchise cost?

Are you wondering how much is a Foodjets franchise? Before starting a Foodjets franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Foodjets franchise is $55,300 and can go all the way up to $82,300. Keep in mind, you should also allocate additional funds to live off of while the Foodjets business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Foodjets franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Foodjets business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Foodjets franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

Industry Report Request

Download our guide to compare Foodjets. Hotels to the Fast Casual Restaurant, Outdoor Food and Beverage industry.

Additional Details

How much does a Foodjets franchise owner make?

Foodjets franchise earnings and revenue can vary significantly from one franchisee to another.
The Foodjets franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Foodjets unfortunately does not disclose financials on how much Foodjets franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Foodjets does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Foodjets franchisees. Do note that Foodjets is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Foodjets franchisees to understand how much money they are making from their Foodjets business.

You should also speak to former Foodjets franchisees to understand why they left the system. Did they sell their Foodjets at a profit? Were they forced to close their Foodjets franchise down because it kept losing money?

What is the Foodjets franchise fee?

Owning a Foodjets franchise requires Varies royalty fee and 0-0.01 marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Foodjets Franchise Disclosure Document

Keep in mind, there is also an initial Foodjets franchise fee of $30,000 that is included in the initial investment amount of $55,300 to $82,300. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Foodjets franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Foodjets franchise fee of $30,000.

Visit the Foodjets metrics tab to explore the financials for this business, royalty and marketing fees compare to other Food and Beverage franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Foodjets founded?

Foodjets started offering franchises in 2019. Foodjets was founded 7 years ago in 2015.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Foodjets locations are in the U.S.?

As of 2019, there were 12 locations across the U.S. There are also 3 corporate locations. Most Food and Beverage franchises like Foodjets have more franchised locations than corporate locations.

How many Foodjets franchises opened over the past few years?

Over the prior 3 years we have data for, Foodjets has opened 12 outlets throughout the U.S. Visit the Foodjets metrics tab to explore how the openings compare to other Food and Beverage franchises.

How many Foodjets franchises closed over the past few years?

Over the prior 3 years we have data for, Foodjets has closed 0 outlets throughout the U.S

Visit the Foodjets metrics tab to explore how the openings compare to other Food and Beverage franchises.

Is Foodjets growing? Are they opening more locations than they are closing?

The net unit growth rate for Foodjets over the past 3 years is 0%. Over the last year we have data for, Foodjets had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Foodjets growth rate compares to 2,000+ other franchises and Industry franchises like Foodjets. More info in the Foodjets metrics tab.

Is Foodjets franchise eligible for an SBA Loan?

Foodjets is not eligible for SBA loans including the 7(a) loan last time we checked.

Foodjets franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like Foodjets that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is Foodjets a franchise in the United States?

According to the SBA, Foodjets does not meet the Federal Trade Commission (FTC) definition of a franchise.

Many popular brands like Starbucks and Topgolf are not franchises in the U.S. but franchise outside of the United States. Be sure the franchisor provides you with an updated Franchise Disclosure Document as this is one of the key indicators that the business opportunity is truly a franchise in the U.S.

The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items of about the franchise, its officers, and other franchisees. Be sure that Foodjets provides you with an FDD if you are in discussion to buy a Foodjets

What is the Foodjets Franchise for Sale Rate?

The Foodjets systemwide health and franchisee satisfaction can be measured by the Foodjetsfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Foodjets franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, Foodjets had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Foodjets franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Foodjets. More info in the Foodjets metrics tab.

What is the Foodjets Franchise Failure Rate?

Foodjets franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Foodjets failure rate over the past 3 years is 0%. Over the last year we have data for, Foodjets had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Foodjets franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Foodjets. More info in the Foodjets metrics tab.

How can I find out more details on Foodjets franchise?

Visit the Foodjets metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Foodjets

$68,800

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Foodjets

Varies

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Foodjets

$30,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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Franchise Disclosure Document

General

Industry

Food and Beverage

Category

Fast Casual Restaurant

Works with Franchise Brokers

No

Year of Founding

2015

Fees

Marketing Fee

0-0.01

Royalty Fee

Varies

Franchise Fee

$30,000-$30,000

Investment Range

$55K-$82K

Location units

Total U.S. Locations

15

U.S. Franchised Units

12

U.S. Corporate Units

3

Headquarters (City)

Sacramento

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2019

Issuance of FDD Data

07/19/2019

Detailed Franchise metrics for Foodjets

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Foodjets below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Foodjets

0%

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Foodjets

NA

0%

Industry median

All franchises median

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Franchise Disclosure Document

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Foodjets

NA

0%

Industry median

All franchises median

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Business details

Website

Business email

f********@foodiets.com

Mailing address

1700 Tribute Road, Suite 203

State headquarters

California

Contact Name

Foodjets

Phone

+1 (000) 0********00

City

Sacramento

Zip code

95815
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