opening a chili’s franchise
1. Have you ever been at a restaurant and thought to yourself, how do I do start
my own Chili’s restaurant? If I have does that make me weird? Opening a restaurant
has been something I have wanted to do for a while now.
2. Qualifications for Chili’s
A) three steps
1. 5yrs. experience with a multi-unit restaurant owner
2. personal/business liquidity of $500,000 per restaurant
3. personal/ business net worth of at least $5 million
B) initial franchise fee $ 40,000
3. Land / Location
A) 1. lease monthly $4,000 (Richmond)
2. buy 10 years contract $300,000
B) Average price $3,000 - 12,000 monthly
4. Size
1. approx. 5532 sq. feet
2. 217 seats
3. 146 dining area seats
4. 71 seats in the bar area
5. Construction
A) pre-construction $40,000 - 200,000 (architectural and related drawings,
engineering, testing, and permits)
B) construction cost $650,000 - 1,100,000 (foundation, slob, materials,
hardware, roof, plumbing, electrical, HVAC equipment, and labor)
C) site work $95,000 - 300,000 (paving, parking lot, sidewalks, curbs,
installation of outdoor lighting)
D) exterior signage $12,000 - 40,000 (2 min. signs)
6. Furniture / fixtures $75,000 - 90,000
(requires you to the table, chairs, and benches that meet their specifications)
7. Kitchen / bar equipment $300,000 - 350,000
(kitchen and bar equipment, bar millwork, ventilation, refrigeration
equipment, and sound system)
B) bar accessories $30,000 - 35,000
8. Opening Advertising $8,000 - 10,000
(local broadcast media, advertisements in local newspaper, direct mail, and
magazine)
9. Initial Training
A) the cost of training for 1st time employees $40,000 - 50,000
10. Working Capitol - is comprised of an estimated range of $12,000 to 22,000
11. Inventory $15,000 - 20,000
A) range given will be needed to cover your inventory needs for the 1st
month of operation.
12. Liquor license $10,000 - 400,000
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Editorial. Nations Restaurant News 11 Nov. 2005: n. pag. MasterFILE Premier. Web. 5 Mar. 2013.
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