The Concept | The Franchise | Opening & Operating | Requirements | Application

Franchise fees

The one time initial franchise fee is $35,000. It is paid in two equal installments, one-half upon signing the franchise agreement and one-half prior to opening the restaurant.

Equipment, furniture and fixtures

The cost of the total equipment package ranges from $200,000 to $225,000. This includes kitchen equipment, dining room fixtures, signage, registers and décor. In certain situations, this equipment can be leased, and if leased, this cost would not require an initial cash outlay, but would be paid monthly in accordance with the terms of your lease.

Leasehold improvements

Leasehold improvements are costs associated with building inside the leased premises. Leasehold improvements usually include walls, additional plumbing, electrical, air conditioning and other construction costs. Tenant improvements range from $250,000 to $275,000 for a 3,000 square-foot facility. Landlords may contribute to a portion of these costs and amortize that contribution as additional rent thereby reducing the initial cash outlay.

Miscellaneous cash requirements

Additional funds ranging from $25,000 to $50,000 may be needed for lease and utility deposits, architects, attorneys, accountants, initial inventory and working capital.

Royalties

Franchisees pay monthly royalties of 5% to STREETS OF NEW YORK FRANCHISE CORPORATION for continuing support, and also contribute from 2 to 4 % to a system-wide advertising fund.

NOTICE REGARDING FRANCHISE REGISTRATION LAWS

Nothing communicated in these web pages should be construed as an offer to sell a Streets of New York franchise to residents of any jurisdiction which requires registration of the franchise before it is offered or sold in that jurisdiction. These web page communications are not directed to residents of any jurisdiction which requires such registration. No Streets of New York franchises will be offered or sold to any resident of any such jurisdiction until either the franchise has been exempted from registration or duly registered and declared effective in the jurisdiction, and an Offering Circular has been delivered to the prospective franchisee before the sale in compliance with applicable law.