General

Industry

Food and Beverage

Category

Fast Casual Restaurant

SBA Identifier

Year of Founding

2019

Fees

Marketing Fee

2%

Royalty Fee

6%

Franchise Fee

$30,000-$30,000

Investment Range

$124K-$352K

Location units

Total U.S. Locations

1

U.S. Franchised Units

0

U.S. Corporate Units

1

Headquarters (City)

Alexandria

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2019

Issuance of FDD Data

04/24/2020

What to know about The Italian Place franchise?

The franchise offered is for a "The Italian Place" fast-casual restaurant offering gourmet Italian fare, fresh Italian subs, Lavazza coffee, dinners to go, beverages and desserts. With our approval, The Italian Place franchised restaurant may also offer beer and wine, if permitted by applicable law. The Italian Place franchised restaurant operates using the franchisor's proprietary recipes, formulae, techniques, trade dress, trademarks and logos.

The Italian Place is based in Alexandria, VA. Scroll down to learn more!

How much does a The Italian Place franchise cost?

Are you wondering how much is a The Italian Place franchise? Before starting a The Italian Place 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 The Italian Place franchise is $124,470 and can go all the way up to $351,900. Keep in mind, you should also allocate additional funds to live off of while the The Italian Place 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 The Italian Place franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a The Italian Place business 2) pass break even 3) hit significant income.

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

Franchise Net Unit Growth

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Industry Report Request

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

Additional Details

How much does a The Italian Place franchise owner make?

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

The Italian Place discloses financials at the unit level. In other words, they show how much The Italian Place franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the The Italian Place franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like The Italian Place. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those The Italian Place owners were making.

Visit the The Italian Place metrics tab to explore the financials for this business.

What is the The Italian Place franchise fee?

Owning a The Italian Place franchise requires 6% royalty fee and 2% 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 The Italian Place Franchise Disclosure Document

Keep in mind, there is also an initial The Italian Place franchise fee of $30,000 that is included in the initial investment amount of $124,470 to $351,900. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the The Italian Place franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the The Italian Place franchise fee of $30,000.

Visit the The Italian Place 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 The Italian Place founded?

The Italian Place started offering franchises in 2019. The Italian Place was founded 3 years ago in 2019.

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 The Italian Place locations are in the U.S.?

As of 2020, there were 0 locations across the U.S. There are also 1 corporate locations. Most Food and Beverage franchises like The Italian Place have more franchised locations than corporate locations.

How many The Italian Place franchises opened over the past few years?

Over the prior 3 years we have data for, The Italian Place has opened 0 outlets throughout the U.S. Visit the The Italian Place metrics tab to explore how the openings compare to other Food and Beverage franchises.

How many The Italian Place franchises closed over the past few years?

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

Visit the The Italian Place metrics tab to explore how the openings compare to other Food and Beverage franchises.

Is The Italian Place growing? Are they opening more locations than they are closing?

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

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

Is The Italian Place franchise eligible for an SBA Loan?

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

The Italian Place 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 The Italian Place 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 The Italian Place a franchise in the United States?

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

What is the The Italian Place Franchise for Sale Rate?

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

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

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

What is the The Italian Place Franchise Failure Rate?

The Italian Place 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!

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

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

How can I find out more details on The Italian Place franchise?

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

Investment Midpoint

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

The Italian Place

$238,185

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

The Italian Place

6%

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.

The Italian Place

$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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General

Industry

Food and Beverage

Category

Fast Casual Restaurant

SBA Identifier

Year of Founding

2019

Fees

Marketing Fee

2%

Royalty Fee

6%

Franchise Fee

$30,000-$30,000

Investment Range

$124K-$352K

Location units

Total U.S. Locations

1

U.S. Franchised Units

0

U.S. Corporate Units

1

Headquarters (City)

Alexandria

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2019

Issuance of FDD Data

04/24/2020

Detailed Franchise metrics for The Italian Place

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for The Italian Place 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

The Italian Place

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

The Italian Place

NA

0%

Industry median

All franchises median

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Failure Rate

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

 

1 year

3 years

The Italian Place

NA

0%

Industry median

All franchises median

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Business details

Company Name

http://www.theitalianplace.com/

Business email

**********@******.com

Mailing address

621 Wythe Street

State headquarters

Virginia

Owner Name

The Italian Place

Phone

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

City

Alexandria

Zip code

22314
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