Making the decision to purchase a franchise business is a pretty big deal. And you are probably beginning to feel every emotion under the sun. Including both excitement and stress. But fear not, my friend. I’m here to help make your job a little easier.
If you feel that the food industry is one that you may want to work in, then this opportunity is one that you will want to check out. The company is called Board & Brew. And they stay true to their name. However, there’s no room to be bored here. It’s all about fun and fresh food with cold craft beer.
So why the board? Because this company is based in California and known to be a relaxing and beach-themed atmosphere. Cue the surfboards.
So, in order to work in this business, you had better be chilled and relaxed. Because that’s the motto over at Board & Brew. They will always keep a laid-back and casual experience for both customers and employees.
But just because the company is totally awesome and laid back doesn’t necessarily mean that they would make a good franchise opportunity, though. In fact, there are many factors that go into making a good franchise business opportunity.
And some may surprise you. While others may have you ready to sign on the dotted line. But let’s not jump in too fast. Check out the details on the Board & Brew franchise opportunity to see if it could qualify as a good business for your lifestyle.
About Board & Brew
Nothing is worse than going out to eat with your family and being forced to act ‘normal’. When, in fact, you really just want to be loud and have a great time. Especially when you have young ones with you. It’s basically impossible to keep quiet.
That’s why at Board & Brew, they chose to let the personalities of their customers shine through in a relaxed beach-theme environment. And they have been providing this experience since 1979.
With cold, craft beer and high-quality sandwiches, it’s easy to see why this establishment has people coming back. The ingredients are always fresh and corners are never cut when it comes to quality. In fact, you will never find an ingredient with preservatives, substitutes, or frozen meats.
But ask the customers what really gets them going, and they usually will say that it’s the special secret sauce. The sauce truly makes the sandwich and it tastes great on whatever you are eating.
These crafty sandwiches are always made from scratch so that the customer can enjoy a fresh, custom-made meal. No matter what you order, you can be sure that your experience at Board & Brew is always fun and friendly. That’s because the team always strives to make everyone feel welcome.
With an incredible atmosphere and product, it’s easy to see why this business would make such a great franchise opportunity. But there’s a little more that goes into it than just great food and quality fun. So, let’s check out those details on this franchise opportunity to see if it’s worth your time.
The Details on Franchising
When it comes to doing research for a franchise business opportunity, every little detail is game. No matter how good or bad it is. It’s crucial that you know about every nitty-gritty aspect of the company. After all, you are going to be (or possibly going to be) owning a part of this company. So you need to make sure that it’s not a bust before you even get started.
As for Board & Brew, they seem to be doing decently. Not great, but not horrible either. From the time that they began offering the franchise opportunity in 2012 up until the end of 2017, they experienced an increase of 7 franchise outlets. Which means, in total, at the end of 2017, there were only 7 operating franchise outlets for this company.
Is it because the opportunity is a risky one? Or maybe it’s just not popular enough? Maybe the company has too many outrageous requirements? Either which way, it’s easy to see that this company is lacking a bit in the growth department.
And the turnover rate is a little concerning as well. Although it’s only 7.79, so it’s not too high. But considering the number of operating outlets was only 7, it has me thinking about why it’s that high at all. Your best bet would be to contact the company and ask them for the reason as to why this turnover rate is what it is. And then move forward from there.
But to give you a better idea of some of the perks you get with this business opportunity, let’s keep going.
This company provides the proper training that you need to help you get started and the right amount of support to keep you feeling comfortable. Once you have been properly trained, you’ll feel much better about how to run the business and train your own employees.
Another good thing about purchasing this franchise is that they give you the territorial rights to your franchise location. And that’s a pretty big deal for entrepreneurs.
Cost and Requirements
So, that’s cool and all but what’s it actually going to take for you to become a franchise owner? And how much will it cost to keep it running? While there are many fees that go along with franchising a business, the fees and requirements for Board & Brew are just about average for this industry.
There will be a $30,000 initial franchise fee when you sign on. And the total investment can be anywhere from $252,000 to $557,900. These costs will get you through your first 10-year agreement term. Once those 10 years are through, you can then renew your agreement for 5 more years. However, the renewal fee is unknown.
And while there are no discounts or finance options available through the company, they do provide refunds under certain circumstances. So if anything were to happen, you can feel confident in knowing this.
But what you won’t receive refunds on are the ongoing fees that you are required to pay during your agreement term. There will be a 5% royalty fee and a 1% advertising fee. The minimum royalty fee is $500 for the first year and then $1,000 after that.
Each of these fees is about average for this industry. So you won’t have to worry about getting scammed. However, there is one little problem that can be risky if you fail to look into it further. The fact that this company has been involved in lawsuits. It’s unclear as to the reasoning behind these lawsuits. But that’s another important question for you to ask the company when you contact them for information.
Either which way, the opportunity does seem pretty decent. Even if there are a few negatives that come with it.
The Conclusion
There will be a lot of questions that arise when you begin the process of purchasing a franchise. Especially if you have never heard of the company before. But even if you have some type of knowledge about the company, there will still be a need to do proper research on the actual opportunity.
When it comes to the Board & Brew franchise opportunity, I truly believe that it has some potential. Sure, there are a few things that can be considered potentially risky. But overall, this seems like a decent franchise business.
However, as with every business opportunity, franchise or not, you must always have a passion for the industry and company. You should always share the same values and dedication that the founders have. Because this is your fresh and new opportunity to start an adventure in your life. Make sure it’s an amazing journey.
That’s not to say that there won’t be bumps along the road. But when you choose a company and business that you absolutely love, it’s hard not to stick with it.
So if the Board & Brew franchise opportunity sounds like a business venture that you can’t pass up, contact the company for more details. They can answer every one of your follow up questions to ensure that you are making the right choice. You can then be on your way to applying as a franchise owner for this company.