Business Description

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

Year Established:  1986

Franchising Since:  1989

Operating Units:
Franchised Units:	25	75.8%
Company-Owned Units:	8	24.2%
Total Operating Units:	33	100.0%
Geographic Distribution: U.S.: 33 100% In 4 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 33 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. Alabama	7
2. Georgia	21
3. Kentucky	3

Registered in Following Registration States:

Financial Requirements

Investment:
Minimum Net Worth:	$500K
Cash Investment:	$50-100K
Total Investment:	$150-400K
Average Total Investment:	$275K
Fees:
Initial Franchise Fee:	$20K
Average Franchise Fee:	$20K
On-Going Royalty:	4%
Average Royalty:	4%
Advertising Fee:	NA

Average Number of Employees: 14 Full-time, 0 Part-time

Space Needs (in square footage): 2,000

Preferred Sites: Free-standing Building

Other Sites: C-Store

Encourage Conversions? No

Earnings Claims Provided?: No

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	N/A
General Business Experience:	N/A
Specific Industry Experience:	N/A
Formal Education:	N/A
Psychological Profile:	N/A
Personal Interview(s):	N/A
Terms of Contract
Term of Initial Contract:	15/5/5/5 Year(s)
Term of Renewal Period:	Year(s)
Passive Ownership:	Not Allowed
Area Development Agreements?	Yes, for 1 Year(s)
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	75
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	No
Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Not Applicable
Central Purchasing:	Included in Fees
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Included in Fees
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
Expansion Plans
Projected New Units Over Next 12 months:
U.S.:	Yes, Southeast
Canada:	No
Overseas:	No