3 Salad and Go Franchise Alternatives for 2024
Salad and Go is a drive-thru chain that sells wraps, salads, soups, and more. Currently, it operates only in Texas and Arizona but it plans to expand soon. Big things are in store for the chain as ex-Wingstop CEO Charlie Morrison recently joined the chain as CEO.
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What Is the Industry that Salad and Go Operates in?
Salad and Go is part of the Food and Beverage Industry. The Food and Beverage industry in the USA accounts for 13% of all manufacturing employment in the country. Around 1.46 million people get employed in this industry. Food franchises make up to 36% of the total franchise establishments in the USA and it is expected to create 1.6million more jobs by 2027. The annual growth rate in the industry is around 2% and the EBITDA multiplier is around 3x.
Can I Start a Salad and Go Franchise?
Salad and Go is currently not franchising, but it might do so in the future. In the meantime, you can look at alternatives that we discuss below.
What Are Some Alternatives to Salad and Go?
Saladworks
Saladworks franchisees operate a restaurant featuring a variety of salads, sandwiches, wraps, panini, soups, grain bowls, bread, desserts, and beverages for lunch, dinner, catering, and take-home.
The minimum investment amount required to open a Saladworks franchise is $199,726 and can go all the way up to $549,295.
Owning a Saladworks franchise requires a 6% royalty fee and a 3% 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 Saladworks Franchise Disclosure Document (FDD).
Keep in mind that there is also an initial Saladworks franchise fee of $30,000 that is included in the initial investment amount of $199,726 to $549,295. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Saladworks franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Saladworks franchise fee of $30,000.
As of 2021, there were 85 locations across the U.S. There are also 8 corporate locations.
The Big Salad
The Big Salad is a fast-casual-style restaurant that will offer specialized soups, customer-designed salads, sandwiches, soft drinks, and related items.
The minimum investment amount required to open a Saladworks franchise is $199,726 and can go all the way up to $549,295.
Owning a The Big Salad franchise requires a 6% royalty fee and a 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 Big Salad Franchise Disclosure Document
Keep in mind that there is also an initial The Big Salad franchise fee of $59,500 that is included in the initial investment amount of $269,250 to $508,000. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend The Big Salad franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Big Salad franchise fee of $59,500.
As of 2020, there were 11 locations across the U.S.
Kentucky Fried Chicken
Another alternative in the Food and Beverage industry is KFC. Kentucky Fried Chicken was founded by Harland Sanders in 1930 when he inaugurated the first Sanders Court & Café in Corbin, Kentucky. After six years of success, Sanders was awarded the Kentucky Colonel position for supplying extensive resources to his community. By 1952, his business had outgrown itself. It had expanded to such an extent that he decided to grant KFC’s first franchise to his friend, Pete Harman. In turn, he opened the first KFC franchise later that year in Salt Lake City, Utah. Throughout these 68 years, the franchise has expanded to over 20,000 stores in 145 countries which are committed to spreading the unique Colonel Sanders chicken dinners both domestically and internationally. KFC is currently headquartered in Plano, Texas, and is run by CEO, Sabir Sami. As of 2021, KFC has 3900+ locations across the USA.
The estimated total investment necessary to begin the operation of a KFC Franchise ranges from $1,440,600 to $3,163,550. You need a minimum net worth of $1.5 million and liquid assets worth over $750,00 to start a KFC franchise.
Based on the median sales provided by KFC’s franchise locations, at an average of a 15% profit margin it will take around 13.5 years to recoup your investment. This is longer than other franchise opportunities. You may not get a 15% profit margin which would elongate getting a return on your investment.
KFC offers people the opportunity to be a part of a business that has established itself firmly in the industry. Fried chicken and KFC are terms that are becoming synonymous in parts of the U.S.A. and the world. KFC is a strong franchisor and depending on location, you might make much more than the median sales.
