Royal Waffle King
Yes, we actively support the inclusion and development of minority-owned franchises in the Royal Waffle King system.
Royal Waffle King
P. O. Box 1025
Alpharetta, GA 30009
800#:
Tel: (770) 442-3800
Fax: (877) 640-5977
E-mail: royalwaffleking@mindspring.com
Web Site: www.royalwaffleking.com
Contact: Mr. Chad Maynard, Dir. Franchcise Devel./Recruit
ROYAL WAFFLE KING is a 24-hour, full-service restaurant in the Southeast. ROYAL WAFFLE KING sets itself apart by allowing individuals to become single unit operators with the opportunity to become a multi-unit operator. With very little overhead, the opportunities are endless.
Franchisor Background
Established: 1986
First Franchise: 1989
Franchise Units: 25
Company-Owned Units: 8
Total Units: 33
Distribution:
> North America -- Operations in 4 States
> States/Provinces with Greatest Density: 22 in GA, 7 in AL, 3 in KY
Units Owned by Minorities:
>African-American: 5%
>Hispanic:
>Asian-American:
>Native American:
>Other: 5% Indian-American
Average Number of Employees: 14 FT (FT = Full Time, PT = Part Time)
Space Needs: 2,000 SF; FS, C-Store
(for abbreviations click here)
Financial Requirements
Cash Investment: $50-100K
Total Investment: $150-400K
Average Total Investment: $275K
Minimum Net Worth: $500K
Fees
>Franchise: $20K
>Average Franchise Fee: $20K
>Royalty: 4%
>Advertising: NA
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 15/5/5/5
Passive Ownership: Not Allowed
Area Development Agreements:Yes
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: NA
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 75
On-Going Support: B,C,D,E,F,G,H,I (for an explanation click here)
Training: NR
Specific Minority Program(s) in Place: We welcome franchise operators from any and all sources. Please note our requirement that operators must have strong direct experience for at least 3 years and preferably 5 years or more.
Franchisor's Specific Expansion Plans
U.S.: Southeast
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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