Roosters Piri Piri franchises are very competitive in the marketplace. The total initial investment is dependent on factors including location, rent and size of premises. As a general guide, the minimum investment starts from £135,000 (plus VAT).
The franchise agreement is for five years (renewable every five years, subject to terms and conditions). An important consideration in purchasing your first Roosters Piri Piri restaurant is how to finance your investment. An ideal arrangement is to have 70% of the total capital requirements available in cash and sufficient collateral to obtain funding for the balance. You will also need to be credit worthy and have a good credit record to meet the criteria.
Management and Services Fees payable to Roosters Piri Piri are 5% of net sales exclusive of VAT of which 2% will be used for national marketing and advertising campaigns. Franchisees will be responsible and encouraged to foster links within their local community or township and source local advertising at their own cost which Roosters Piri Piri will provide production services. Guidance and advice will be available to franchisees as to finding the best route-to-market. We will discuss this in detail with you in the interview process.
All sites are subject to a full structural survey, as well as legal and local authority compliance. The table below serves as a guide to the variable amounts of investment required. Costs will vary in relation to the physical size of the restaurant and results of any structural survey and planning. The figures exclude any relevant lease fees, legal fees, stamp duty and property acquisition/negotiation fee.
|Investment in||Lower Investment||Medium Investment||Large Investment|
|Materials & Fittings||from £135,000 Plus VAT||from £185,000 Plus VAT||from £235,000 Plus VAT|
|Approx seating /size capacity||0-10 Seats / 800-1000sq ft||10-30 Seats / 1000-1500sq ft||30+ Seats / 1500+sq ft|
|Management and Service Fees||3% of Total Sales (Net)||3% of Total Sales (Net)||3% of Total Sales (Net)|
|National Marketing and Advertising||2% of Total Sales (Net)||2% of Total Sales (Net)||2% of Total Sales (Net)|
|Rent & Running costs||Dependent on location||Dependent on location||Dependent on location|
|Insurance||Dependent on location||Dependent on location||Dependent on location|