- 2023 Franchise 500 Rank
-
N/RNot ranked last year
- Initial investment
-
$187K - $292K
- Units as of 2022
-
2 0.0% over 3 years
Company Overview
About Chop'd
Industry | Food |
---|---|
Related Categories | Miscellaneous Quick-Service Restaurants,Food: Quick Service,Salads,Smoothies/Juices,Sandwiches |
Founded | 2016 |
Leadership | Paola Marquez Vargas, CEO |
Corporate Address | 2114 Paso Verde Dr. Hacienda Heights, CA 91745 |
Business Overview
Franchising Since | 2022(1 years) |
---|---|
# of employees at HQ | 10 |
Where seeking | This company is offering new franchisees throughout the US. This company is offering new franchisees worldwide. |
# of Units | 2(as of 2022) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Chop'd franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee |
$24,900 |
---|---|
Initial Investment |
$186,900 - $292,200 |
Net Worth Requirement |
$24,900 |
Cash Requirement |
$24,900 |
Royalty Fee |
6% |
Ad Royalty Fee |
2% |
Term of Agreement |
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Chop'd has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 46-51 hours |
---|---|
Classroom Training | 29-39 hours |
Ongoing Support |
Grand Opening
Site Selection
|
Marketing Support |
Social Media
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit? |
No |
Can this franchise be run part time? |
No |
Are exclusive territories available? |
Yes |
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