Food on the go – Sumo Salad facts and figures
Serving up: not just salads but soups, wraps, rolls and breakfast
Facts and Figures
Franchise fee: $45,000 plus GST
Working capital: $30,000 to $50,000 inclusive of security deposits.
How much is invested in stock/supplies: $10,000 plus GST.
Is this a turnkey operation? The full investment of $350,000 to $380,000 plus GST gives a turnkey operation.
Royalty fee: six per cent of gross sales.
Marketing levy: two per cent of gross sales. Term: five years with a further five year renewal option.
Renewal fee: $5000 plus GST.
Lease: SumoSalad holds the head lease and grants a license to occupy the premises under the terms of the franchise agreement.
Operating hours: typically shopping centre trading hours including late nights and weekends.
Average customer spend: $7 to $8
Paying the franchise fee gives the franchisee rights to the Sumo Salad system and intellectual property for the term of the healthy eating franchise. For the royalty fee and marketing levy they receive guidance, support and assistance from the franchisor, and national marketing activities.
Any rebates from suppliers are paid into the marketing fund for the benefit of all franchisees.
What are the training costs and what is the training? A detailed training program over a five week period costs $10,000 plus GST - training covers all aspects of operating a SumoSalad franchise. A significant proportion of food, particularity the bread products, and made-to-order salads are prepared on-site with the express salads provided externally.
There are 65 franchisees in 2008; a further 15 fast food franchise stores are planned for 2009.