OUR STORY IN A NUTSHELL
The Loop first opened in 1981. Since then, our business model has been continually refined resulting in a detailed blueprint for success that can be duplicated in cities large and small across America. Our systems and processes, combined with our beloved brand identity, stand strong against the competition.
While we're obviously proud of our past and present, we are most excited about what lies ahead. Few franchise opportunities are better poised for the future than The Loop Restaurant. The fast casual restaurant segment is among the hottest segments in the industry with no sign of slowing down. Our approach to fast casual continues to be lauded by industry experts and most importantly our diners who affectionately dub themselves "Raving Loop Fans."
Those looking for a time-tested concept with real profit potential should look no further. Loop franchises don't get lost in the crowd. They become part of the community. They are neighborhood hubs where families, church groups, young singles and baby boomers meet up time after time after time.
The Loop Restaurant Franchise Information
What does The Loop provide to Franchise Owners?
1. Site selection guidelines
What does the financial investment include?
— Initial Franchise Fee: $35,000 (Paid to franchisor at signing of the agreement).
What types of franchises are available?
Two types of franchises are available: A direct franchise for an individual unit, and a multi-unit franchise and area development agreement providing for multiple Loop franchised restaurants within a geographic area.
How much is the franchise fee?
The franchise fee for a single Loop franchise is $35,000. The fee is payable at the initial execution of the agreement. For the multi-unit franchise, there is an negotiated initial fee followed by payments at the opening of each unit located within geogrphical boundaries covered by the multi-unit agreement. The fees are determined based upon the number of units and schedule of openings determined for the specific geographic area. The franchise fee pays for the initial license to use The Loop name trademark and logo, as well as for training, site selection assistance and other pre-opening services including full access to The Loop's extensive operations manuals and comprehensive marketing and promotional brand strategies.
What are the financial qualifications to become a Loop Franchisee?
A personal net worth of $1,000,000.00 with a minimum liquidity of $250,000.00
What are the advertising costs?
Each franchise unit is required to spend 3% of their gross reciepts in their specific geographic area. In addition, they are required to contribute 1% to an audited national advertising fund.
What is the term of The Loop franchise agreement?
The initial term of The Loop franchise agreement is twenty (20) years, renewable for succesive terms of ten (10) years provided each franchsie meets the criteria.
What form of continuing guidance and support will I recieve?
As a Loop franchise owner, you will recieve periodic visits from a Loop Field Consultant to answer questions and provide operational support and guidance. As The Loop operations and marketing manuals are upgraded and refied, you will recieve the most current versions.
How long does it take to open a restaurant?
Once the franchise agreement is executed and you have paid your initial deposit, finding and finalizing a site usually takes three (3) to four (4) months. Construction and pre-opening activities usually take three (3) months.
What is my next step? Whom do I contact?
Submit a Contact Request and we will contact you to answer any additional questions you may have. You will then be asked to complete and submit a franchise application. Once you have ben pre-qualified, we will arrange a personal meeting with the Loop's Chief Operations Officer. In the interim, if you have any questions you may call The Loop's Corporate Office at (904) 268-2609 ext. 211.