Slim Chickens Franchise Prices, Charges, Revenues, Earnings (2023 Assessment)

On this unique Franchise Chatter FDD Discuss publish, you’ll study the next:

Part I – Estimated preliminary funding (franchise prices) for a Slim Chickens franchise, primarily based on Merchandise 7 of the corporate’s 2023 FDD

Part II – Preliminary franchise payment, royalty payment, and advertising and marketing payment for a Slim Chickens franchise, primarily based on Gadgets 5 and 6 of the corporate’s 2023 FDD

Part III – Variety of franchised and company-owned Slim Chickens retailers initially of the yr and the top of the yr for 2020, 2021, and 2022, primarily based on Merchandise 20 of the corporate’s 2023 FDD

Part IV – Information updates on the Slim Chickens franchise alternative

Part V – Presentation and evaluation of Slim Chickens’ monetary efficiency representations (common revenues and/or earnings), primarily based on Merchandise 19 of the corporate’s 2023 FDD, together with info on the:

• 2022 fiscal yr common, median, highest, and lowest product sales for the 88 franchised Slim Chickens Eating places that had been open and working for the complete 2022 fiscal yr and are consultant of the present prototype Restaurant beneath growth

• common, median, highest, and lowest product sales for the final six-month interval of the 2022 fiscal yr for the 12 Slim Chickens Eating places that opened in 2022, had been open for the whole second half of the fiscal yr, and symbolize one of many two customary prototype Eating places

Part VI – Key ratios, comparables, computations, and analyses for the Slim Chickens franchise alternative (unique content material for Platinum subscribers)

Part I – Slim Chickens Franchise Prices

• Preliminary Franchise Charge:  $15,000 to $30,000
• Actual Property/Website Lease/Website Assessment Charges:  $45,000 to $1,200,000
• Development/Constructing Conversion:  $700,000 to $1,700,000
• Sitework:  $50,000 to $500,000
• Furnishings, Fixtures, and Tools:  $325,000 to $400,000
• Smallwares:  $18,000 to $21,000
• Constructing Signage and Inside Graphics:  $45,000 to $75,000
• Comfortable Prices:  $90,000 to $120,000
• Insurance coverage:  $9,000 to $15,000
• Opening Stock:  $6,000 to $10,000
• Coaching Prices/Opening Help Reimbursement:  $23,000 to $39,000
• POS System/Drive-Through Parts/Menu Boards:  $80,000 to $140,000
• Low Voltage/Safety/Community Set up:  $40,000 to $50,000
• Safety and Utility Deposits:  $2,500 to $12,000
• Enterprise Licenses (excluding beer and wine license):  $400 to $2,000
• Grand Opening Advert Expenditure:  $10,000
• Further Funds for 3 Months:  $40,000 to $65,000
• Complete Estimated Slim Chickens Franchise Prices:  $1,598,900 to $4,389,000

Part II – Slim Chickens’ Preliminary Franchise Charge, Royalty Charge, and Advertising and marketing Charge

• Preliminary Franchise Charge:  $15,000 to $30,000
• Royalty Charge:  5% of Gross Gross sales
• Promoting Fund Contribution:  2% of Gross Gross sales
• Native Advert Expenditure/Native Promoting Cooperative Contribution:  1% of Gross Gross sales

Part III – Variety of Franchised and Firm-Owned Slim Chickens Shops

Franchised

2020

• Shops on the Begin of the 12 months:  57
• Shops on the Finish of the 12 months:  74
• Internet Change:  +17

2021

• Shops on the Begin of the 12 months:  74
• Shops on the Finish of the 12 months:  104
• Internet Change:  +30

2022

• Shops on the Begin of the 12 months:  104
• Shops on the Finish of the 12 months:  134
• Internet Change:  +30

Firm-Owned

2020

• Shops on the Begin of the 12 months:  23
• Shops on the Finish of the 12 months:  11
• Internet Change:  -12

2021

• Shops on the Begin of the 12 months:  11
• Shops on the Finish of the 12 months:  9
• Internet Change:  -2

2022

• Shops on the Begin of the 12 months:  9
• Shops on the Finish of the 12 months:  10
• Internet Change:  +1

Part IV – Information Updates on the Slim Chickens Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Earnings) for the Slim Chickens Franchise (Merchandise 19, 2023 FDD)

Half 1 – Evaluation of Historic Gross Gross sales for All Franchised Slim Chickens Eating places That Have been Open and Working Through the Total Fiscal 12 months 2022

• This Half 1 evaluation accommodates historic common and median Gross Gross sales incurred in working current Slim Chickens franchised Eating places that had been open and working throughout the whole 2022 fiscal yr.

• As of the final fiscal yr ended January 1, 2023, there have been 134 franchised Eating places open and working in america, particularly in Alabama (7), Arkansas (16), Colorado (4), Florida (7), Georgia (1), Iowa (1), Illinois (2), Kansas (6), Kentucky (5), Louisiana (2), Maryland (2), Michigan (2), Minnesota (1), Missouri (8), Mississippi (5), Montana (1), Nebraska (2), New Mexico (1), Ohio (3), Oklahoma (9), Pennsylvania (1), South Dakota (3), Tennessee (6), Texas (29), Utah (3), Virginia (1), and Washington (1).

• Of those 134 Eating places, 118 of those Eating places symbolize the 2 customary prototypes presently beneath growth and 88 had been open and working for the whole 2022 fiscal yr.

• Accordingly, Half 1 displays info on 88 Eating places and excludes info on (i) 15 Eating places that don’t symbolize the usual prototype Restaurant presently beneath growth ((a) 6 of the Eating places are non-prototype or non-freestanding services and not using a drive through which might be situated on faculty campuses and don’t function year-round, and (b) 9 of the Eating places are non-traditional places hooked up to different companies) and (ii) 31 franchised Eating places in america that opened and commenced working throughout fiscal yr 2022 and due to this fact weren’t open and working for the complete 2022 fiscal yr.

• Half 1 additionally excludes 16 further franchised Eating places situated in the UK.

• Half 1 presents common and median Gross Gross sales info for the 2022 fiscal yr for the 88 franchised Eating places that had been open and working for the complete 2022 fiscal yr that are consultant of the present prototype Restaurant beneath growth.

• These Eating places have been sorted into 4 teams primarily based on full fiscal yr Gross Gross sales. Group 1 represents places with not less than $3,500,000 in Gross Gross sales. Group 2 represents places with lower than $3,500,000 and better than $2,500,000 in Gross Gross sales. Group 3 represents eating places with lower than $2,500,000 and better than $1,500,000 in Gross Gross sales. Group 4 represents eating places with lower than $1,500,000 in Gross Gross sales.

• The knowledge within the desk is derived from Slim Chickens franchisees’ gross sales reviews and is unaudited and unverified.

Group 1 – Gross Gross sales > $3,500,000

• Common Gross Gross sales Per Restaurant:  $4,333,502
• Median Gross Gross sales Per Restaurant:  $4,379,543
• Complete Variety of Eating places in Evaluation:  14
• Variety of Eating places in Class Assembly or Exceeding the Common Quantity:  8
• Variety of Eating places in Class Assembly or Exceeding the Median Quantity:  7

Group 2 – Gross Gross sales From $2,500,000 to $3,500,000

• Common Gross Gross sales Per Restaurant:  $2,932,863
• Median Gross Gross sales Per Restaurant:  $2,845,963
• Complete Variety of Eating places in Evaluation:  22
• Variety of Eating places in Class Assembly or Exceeding the Common Quantity:  9
• Variety of Eating places in Class Assembly or Exceeding the Median Quantity:  11

Group 3 – Gross Gross sales From $1,500,000 to $2,500,000

• Common Gross Gross sales Per Restaurant:  $1,993,686
• Median Gross Gross sales Per Restaurant:  $1,961,078
• Complete Variety of Eating places in Evaluation:  42
• Variety of Eating places in Class Assembly or Exceeding the Common Quantity:  18
• Variety of Eating places in Class Assembly or Exceeding the Median Quantity:  21

Group 4 – Gross Gross sales < $1,500,000

• Common Gross Gross sales Per Restaurant:  $1,275,381
• Median Gross Gross sales Per Restaurant:  $1,340,546
• Complete Variety of Eating places in Evaluation:  10
• Variety of Eating places in Class Assembly or Exceeding the Common Quantity:  6
• Variety of Eating places in Class Assembly or Exceeding the Median Quantity:  5

• The very best Gross Gross sales quantity for the Eating places within the above desk was $5,780,463 and the bottom Gross Gross sales quantity for the Eating places within the above desk was $937,088. Common Gross Gross sales for all 88 Eating places was $2,519,098. Median Gross Gross sales for all 88 Eating places was $2,261,121.

• Gross Gross sales consists of the full gross sales value of all meals merchandise (together with take-out, drive-thru, or catering) and all different services bought by the Slim Chickens Eating places, together with reductions and excluding taxes collected instantly from clients and paid to taxing authorities.

Half 2 – Evaluation of Historic Gross Gross sales for All Franchised Slim Chickens Eating places That Have been Newly Opened Throughout Fiscal 12 months 2022

• As famous above, 31 new franchised Eating places opened in 2022. Whereas Slim Chickens excluded these 31 Eating places from the above Half 1 evaluation since not one of the 31 Eating places had been open and working the whole 2022 fiscal yr, 12 of those eating places had been open for the whole second half of the fiscal yr and symbolize one of many two customary prototype Eating places.

• These Eating places had been opened between January 10, 2022 and June 27, 2022 and due to this fact all 12 of those Eating places operated for not less than six months in fiscal yr 2022.

• Over the last six-month interval of the 2022 fiscal yr from July 4, 2022 to January 1, 2023, these 12 Eating places averaged $59,155 per week in Gross Gross sales per Restaurant for normal enterprise weeks with out vacation closures, with a median of $60,057 per week in Gross Gross sales. The very best weekly Gross Gross sales for the 12 Eating places was $99,085, and the bottom weekly Gross Gross sales for the 12 Eating places was $25,680.

• Some Slim Chickens Eating places have achieved the gross sales outcomes on this evaluation. Your particular person outcomes might differ. There isn’t any assurance that you just’ll promote as a lot.

Part VI – Slim Chickens Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️