Moe’s Southwest Grill Franchise Prices, Charges, Revenues, Income (2023 Overview)

On this unique Franchise Chatter FDD Speak submit, you’ll study the next:

Part I – Estimated preliminary funding (franchise prices) for a Moe’s Southwest Grill franchise, based mostly on Merchandise 7 of the corporate’s 2023 FDD

Part II – Preliminary franchise payment, royalty payment, and advertising and marketing payment for a Moe’s Southwest Grill franchise, based mostly on Objects 5 and 6 of the corporate’s 2023 FDD

Part III – Variety of franchised and company-owned Moe’s Southwest Grill shops at the beginning of the yr and the tip of the yr for 2020, 2021, and 2022, based mostly on Merchandise 20 of the corporate’s 2023 FDD

Part IV – Information updates on the Moe’s Southwest Grill franchise alternative

Part V – Presentation and evaluation of Moe’s Southwest Grill’s monetary efficiency representations (common revenues and/or earnings), based mostly on Merchandise 19 of the corporate’s 2023 FDD, together with data on the:

• fiscal yr 2022 common, median, highest, and lowest web gross sales for the 519 franchised conventional Moe’s Southwest Grill eating places, together with strip procuring facilities, energy facilities, and street-level retail, that reported gross sales in all 52 weeks of fiscal yr 2022 and had been owned by the identical proprietor all through fiscal yr 2022

Part VI – Key ratios, comparables, computations, and analyses for the Moe’s Southwest Grill franchise alternative (unique content material for Platinum subscribers)

Part I – Moe’s Southwest Grill Franchise Prices

• Preliminary Franchise Charge:  $30,500
• Building and Construct Out Prices:  $314,000 to $1,093,950
• Allowing:  $8,200 to $17,500
• Tools Package deal:  $106,000 to $148,590
• Millwork:  $35,000 to $52,000
• Furnishings:  $26,000 to $40,950
• Menu Board, Graphics, and Inside Signage:  $7,000 to $12,000
• Exterior Signage:  $8,000 to $85,700
• Laptop System:  $11,000 to $47,000
• Smallwares:  $14,000 to $20,000
• TV/Music:  $2,000 to $5,000
• Architect/Engineer:  $9,000 to $32,000
• Hire:  $4,500 to $20,000
• Grand Opening Advertising and marketing:  $25,000 to $35,000
• Authorized and Accounting Charges:  $3,500 to $50,000
• Insurance coverage:  $1,375 to $7,300
• Miscellaneous Opening Prices/Workplace Provides:  $2,500 to $5,000
• Safety Deposits:  $1,500 to $8,000
• Coaching Charges:  $0 to $3,900
• Journey and Dwelling Bills Throughout Coaching:  $10,000 to $40,000
• Opening Stock:  $15,000 to $35,000
• Further Funds for 3 Months:  $25,000 to $50,000
• Whole Estimated Moe’s Southwest Grill Franchise Prices:  $659,075 to $1,839,390

Part II – Moe’s Southwest Grill’s Preliminary Franchise Charge, Royalty Charge, and Advertising and marketing Charge

• Preliminary Franchise Charge:  $30,500
• Royalty Charge:  5% of Internet Gross sales
• Promoting Contribution:  3% of Internet Gross sales
• Promoting Cooperative Contribution:  an quantity set by your Promoting Cooperative
• Native Advertising and marketing Obligation:  every calendar quarter, you need to spend not lower than 1% of Internet Gross sales on native market promoting

Part III – Variety of Franchised and Firm-Owned Moe’s Southwest Grill Retailers

Franchised

2020

• Retailers on the Begin of the Yr:  719
• Retailers on the Finish of the Yr:  679
• Internet Change:  -40

2021

• Retailers on the Begin of the Yr:  679
• Retailers on the Finish of the Yr:  658
• Internet Change:  -21

2022

• Retailers on the Begin of the Yr:  658
• Retailers on the Finish of the Yr:  636
• Internet Change:  -22

Firm-Owned

2020

• Retailers on the Begin of the Yr:  3
• Retailers on the Finish of the Yr:  2
• Internet Change:  -1

2021

• Retailers on the Begin of the Yr:  2
• Retailers on the Finish of the Yr:  1
• Internet Change:  -1

2022

• Retailers on the Begin of the Yr:  1
• Retailers on the Finish of the Yr:  1
• Internet Change:  0

Part IV – Information Updates on the Moe’s Southwest Grill Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Income) for the Moe’s Southwest Grill Franchise (Merchandise 19, 2023 FDD)

• This Merchandise 19 presents details about the monetary efficiency throughout Fiscal Yr 2022 (the fiscal yr ended December 25, 2022) of sure Conventional Franchises that had been eligible franchises in Fiscal Yr 2022.

• A “Conventional Franchise” is a franchised Restaurant positioned in a conventional location, together with strip procuring facilities, energy facilities, and street-level retail.

• An “eligible franchise” is a franchise that reported gross sales in all 52 weeks of Fiscal Yr 2022 and was owned by the identical proprietor all through Fiscal Yr 2022.

• This Merchandise 19 doesn’t embody knowledge associated to (i) franchised Eating places positioned in non-traditional areas (similar to airports, schools, comfort shops, authorities buildings, hospitals, lodges, way of life facilities, malls (together with open air, conventional, and outlet malls), navy bases, workplace constructing interiors, theme parks, transit hubs, and journey plazas); (ii) Conventional Franchises which might be co-branded with one other model; (iii) affiliate-owned Eating places; and (iv) Conventional Franchises that weren’t eligible franchises in Fiscal Yr 2022.

• The monetary efficiency and operations of those excluded Eating places can fluctuate considerably from the efficiency and operations of the Conventional Franchises which might be represented on this Merchandise 19.

Common Internet Gross sales by Quartile for Conventional Franchises for Fiscal Yr 2022

Prime Quartile

• Common Internet Gross sales:  $1,726,333
• Quantity and Proportion of Eating places Attaining or Exceeding Common Internet Gross sales:  49/130 (38%)
• Median Internet Gross sales:  $1,643,840
• Lowest Internet Gross sales:  $1,388,807
• Highest Internet Gross sales:  $2,939,935

2nd Quartile

• Common Internet Gross sales:  $1,231,355
• Quantity and Proportion of Eating places Attaining or Exceeding Common Internet Gross sales:  62/130 (48%)
• Median Internet Gross sales:  $1,225,038
• Lowest Internet Gross sales:  $1,101,836
• Highest Internet Gross sales:  $1,388,479

third Quartile

• Common Internet Gross sales:  $969,100
• Quantity and Proportion of Eating places Attaining or Exceeding Common Internet Gross sales:  61/129 (47%)
• Median Internet Gross sales:  $963,676
• Lowest Internet Gross sales:  $855,938
• Highest Internet Gross sales:  $1,100,910

Backside Quartile

• Common Internet Gross sales:  $708,540
• Quantity and Proportion of Eating places Attaining or Exceeding Common Internet Gross sales:  70/130 (54%)
• Median Internet Gross sales:  $726,539
• Lowest Internet Gross sales:  $349,724
• Highest Internet Gross sales:  $855,570

Whole

• Common Internet Gross sales:  $1,159,198
• Quantity and Proportion of Eating places Attaining or Exceeding Common Internet Gross sales:  230/519 (44%)
• Median Internet Gross sales:  $1,101,836
• Lowest Internet Gross sales:  $349,724
• Highest Internet Gross sales:  $2,939,935

• As of December 25, 2022, there have been 542 Conventional Franchises. Of these 542 areas, 519 (95.8%) Conventional Franchises are represented on this desk.

• This desk doesn’t embody (i) 10 Conventional Franchises that didn’t report gross sales in all 52 weeks of Fiscal Yr 2022, (ii) 9 Conventional Franchises that opened throughout Fiscal Yr 2022, and (iii) 4 Conventional Franchises that had been co-branded.

• This desk additionally doesn’t embody 22 Conventional Franchises that completely closed throughout Fiscal Yr 2022, all of which had been open for no less than 12 months previous to closing.

• No Conventional Franchises had been reacquired by Moe’s in Fiscal Yr 2022.

• Some Eating places have offered or earned this quantity. Your particular person outcomes could differ. There is no such thing as a assurance that you simply’ll promote or earn as a lot.

• “Internet Gross sales” contains all revenues generated by a Restaurant or performed from or with respect to a Restaurant, whether or not the gross sales are evidenced by money, examine, credit score, cost, account, barter, or trade, however doesn’t embody (a) the preliminary gross sales or reloading of reward playing cards, (b) reductions, (c) the sale of meals or merchandise for which refunds have been made in good religion to clients, (d) the discounted portion of worker meals, (e) gross sales, meals, use, or excise tax imposed by a governmental authority immediately on gross sales and picked up from clients, supplied that the quantity for the tax is added to the promoting value or absorbed therein and is definitely paid by you to a governmental authority, (f) the sale of apparatus used within the operation of the Restaurant, or (g) suggestions.

• These gross sales figures don’t mirror the prices of gross sales, working bills, or different prices or bills that should be deducted from the Internet Gross sales figures to acquire your web earnings or revenue.

• Moe’s calculated the figures within the tables in these monetary efficiency representations utilizing monetary experiences submitted by franchisees. Moe’s has not audited or independently verified these monetary experiences nor has it requested questions of the submitting franchisees to find out whether or not they’re in truth correct and full, though Moe’s has no data or different purpose to imagine that they’re unreliable. No licensed public accountant has audited these figures or expressed his or her opinion regarding their content material or type.

Part VI – Moe’s Southwest Grill Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️