Saladworks
For over 20 years, Saladworks has provided fresh, made to order, entrée sized salads in the greater Philadelphia area. Customers can choose from a variety of signature salads, wraps, soups, and panini sandwiches, along with over 50 fresh ingredients to create their own fresh tossed salad. Saladworks provides an outstanding service experience to its customers and franchisees, making it the #1 salad franchise in the nation. Saladworks delivers the ultimate in health-conscious to its ever-widening customer base.
| |
Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised |
97 |
96 |
89 |
| | % Change | -- |
-1% |
-7.3% |
| | Company-Owned |
1 |
2 |
3 |
| | % Change | -- |
100% |
50% |
| | Total |
98 |
98 |
92 |
| | % Change | -- |
0% |
-6.1% |
| | Franchised as % of Total |
98.9% |
97.96% |
96.74% |
Investment Required
The franchise fee for a Saladworks franchise is $35,000 or $30,000 for an additional franchise.
Saladworks provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| |
Item | Established Low Range | Established High Range |
| | Franchise Fee |
$30,000 |
$35,000 |
| |
Site Selection Broker |
$0 |
$10,000 |
| |
Architect & Design Fees |
$19,750 |
$20,650 |
| |
Permits and Licenses Fees |
$100 |
$500 |
| |
Leasehold Improvements |
$123,075 |
$182,675 |
| |
Equipment and Furniture |
$112,350 |
$136,000 |
| |
Millwork |
$8,200 |
$27,700 |
| |
Smallwares |
$6,400 |
$8,925 |
| |
Point of Sale System |
$1,177 |
$1,177 |
| |
Signage |
$13,800 |
$17,650 |
| |
Travel and Living Expenses while Traveling |
$250 |
$5,000 |
| |
Grand Opening Advertising |
$5,000 |
$5,000 |
| |
Misc. Opening Costs |
$3,100 |
$16,350 |
| |
Opening Inventory |
$7,900 |
$7,900 |
| |
Insurance |
$700 |
$4,500 |
|
Additional Funds for First 3 Months |
$12,000 |
$15,000 |
| |
Total Initial Investment |
$343,802 |
$494,027 |
On-going Expenses
Saladworks franchisees pay a royalty fee equal to 5% of total net sales, plus a brand development fee equal to 3% of net sales (or 1.5% of net sales for a store located in a food court). Additional fees include local advertising and promotion.
What You Get–Training and Support
Saladworks provides a five week initial training and familiarization course, covering all aspects of conducting business at Saladworks to include classroom training (Profit and Loss management, ServSafe Certification) and in store training for franchisees and their management employees.
Franchisees receive on-going support from Saladworks that includes site selection and lease negotiation support, volume negotiated pricing for signature products, innovative product development, local store marketing and public relations, and ongoing business education training.
Territory
Saladworks grants protected territories.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2011 Edition of Bond’s Top 100 Franchises publication.
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