Lox of Bagels
Yes, we actively support the inclusion and development of minority-owned franchises in the Lox of Bagels system.
Lox of Bagels
11801 Prestwick Rd.
Potomac, MD 20854
800#: (800) 879-6927
Tel:
Fax:
E-mail: loxofbagels@msn.com
Web Site: www.bagelfranchises.com
Contact: Mr. Ted Taylor, Manager
Retail bagel bakery with gourmet coffees, espresso, juices and specialty breads.
Franchisor Background
Established: 1986
First Franchise: 1995
Franchise Units: 10
Company-Owned Units: 0
Total Units: 10
Distribution:
> North America -- Operations in NR
> States/Provinces with Greatest Density: NR
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American: 10%
>Other: 20%
Average Number of Employees: 3 FT, 3 PT (FT = Full Time, PT = Part Time)
Space Needs: 900-2,500 SF; FS, SF, SC
(for abbreviations click here)
Financial Requirements
Cash Investment: $35K
Total Investment: $135-165K
Average Total Investment: $150K
Minimum Net Worth: $NR
Fees
>Franchise: $19K
>Average Franchise Fee: $19K
>Royalty: 0%
>Advertising: 0%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 5/5
Passive Ownership: Allowed
Area Development Agreements:Yes/20
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: No
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 4
On-Going Support: C,D,E,F,I (for an explanation click here)
Training: 4 Days On-Site.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
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