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Offering a business strategy that makes good sense.
Offering a business strategy that makes good sense.
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Qualifications

$50,000 in liquid assets

Credit Score 680

Ability to secure funds for Initial Restaurant Investment

Business Experience

Residence in Local Market

New Markets Require a 5 Restaurant Commitment

Willingness to Market Business 24/7

Ability to Manage People

Great Customer Service Focus

Enthusiasm to follow a proven system

Passion for the restaurant industry

Initial Investment for a Single Restaurant

LOW HIGH  
$10,000 $20,000 Initial Franchise Fee (Note 1)
$6,500 $7,500 Architectural Fee
$46,000 $100,000 Building Cost (construction, remodeling) (Note 2)
$62,000 $70,200 Equipment (freight, decor, fixtures, finishings, and smallwares)
$6,650 $12,400 Signage (Note 3)
$1,000 $2,500 Insurance
$500 $2,800 Traveling and Living Expenses while Training
$1,500 $3,100 Miscellaneous Restaurant Supplies
$500 $1,000 Uniforms
$5,000 $7,000 Initial Inventory
$3,000 $6,000 Security Deposits, Licenses (Note 4,5,6)
$10,000 $20,000 Additional Funds for the First 3 Months (Note 7)
$8,000 $9,000 GOODCENTS Information System (Note 8)
$2,500 $4,000 Promotional Opening Expenses (Note 9)
$163,150 $265,500 Total Investment
   See item 7 in Mr. Goodcents Franchise Disclosure Document for further details.

Notes

Click the "View Notes" button below to read important information about Qualifications and Investments.

Note 1. You must pay an initial franchise fee, which is non-refundable.

Note 2. The construction costs will vary depending upon numerous factors including the cost of materials and labor. Our current prototype Restaurant contains 1,200 square feet to1, 600 square feet. There is a wide range of construction cost depending on location and landlord contribution.

Note 3. These amounts represent your costs for an exterior sign package.

Note 4. No allowance has been made in the chart for rent or interest expenses required before opening the restaurant. The need for this outlay will vary with the terms of the lease covering the proposed site and the terms of any financing you obtain regarding the site. No amounts have been shown for financing or equipment lease deposits and/or charges since the above chart is based on the cash payment of all of the items shown.

Note 5. There may be special sewer hook up, waste water, and/or similar fees and charges associated with the restaurant in some localities.

Note 6. Security deposits and other prepaid expenses will vary according to the particular circumstances of a given MR. GOODCENTS® RESTAURANT. Security deposits or prepaid expenses are generally encountered with utilities, real property, and personal property. Various permits and licenses are required by governmental regulations as either isolated or recurring expenditures. Typical of these permits and licenses are those from health departments, fire departments, regulatory agencies, labor departments, other similar state sales tax bureaus and/or local governmental agencies. Those fees are determined by governmental authorities and are paid to them directly by you as prescribed.

Note 7. These amounts are estimates of what is needed to cover your expenses for the start up phase (three (3) months from the date the Restaurant opens for business). These expenses include payroll costs. These figures are estimates, and GOODCENTS cannot guarantee that you will not have additional expenses starting the business. Your costs will depend on factors including: how closely you follow GOODCENTS methods and procedures; your management skills, experience, and business acumen; local economic conditions; the local market for GOODCENTS' products; the prevailing wage rate; competition; and the sales level reached during the initial period.

Note 8. You are required to purchase required computer software from GOODCENTS or from suppliers GOODCENTS approves, as GOODCENTS may designate in its discretion. You must enter into a License Agreement with GOODCENTS or a supplier approved by GOODCENTS. You must purchase computer hardware which must comply with GOODCENTS' specifications. The cost includes the cost of hardware and software and maintenance and support for computer hardware and software (Item 11).

Note 9. GOODCENTS requires a grand opening promotion for the Restaurant, 30 days after the initial opening of the Restaurant.

Note 10. The total actual construction costs for each Restaurant may vary from the estimated cost shown above, depending upon size, conversion of an existing Restaurant facility, local requirements, local costs and variances. The total estimated costs do not include closing costs or other costs or other fees assessed to franchisee for obtaining a loan.

View Notes

To find out how to invest in Mr. Goodcents, fill out the on-line form or call our Franchise Recruitment department at: 800.648.2368 (CENT).

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