FAQ’s1. How can I open a Waffy’s franchise?
Waffy’s seeks qualified individuals to become our Franchise Partners. Prior business experience, coupled with financial qualifications, individual motivation and a track record of success, are important factors in our evaluation process. If you are interested in learning more about pursuing a Single Unit Franchise Agreement, Multi-Unit Development Agreement or Area Representative Agreement, please click here to complete our Franchise Inquiry and a Waffy’s Franchise Development representative will contact you.2. How much money do I need to open a franchise?
Individuals will need $80,000 in liquid assets, (e.g. cash, marketable securities, stocks, etc.) along with an overall net worth of $300,000 to qualify. Financing is to be secured through third-party lending sources. The total cost of each unit varies by size and location.3. How much is the Franchise Fee, Royalties and other fees?
The Franchise Fee is $30.000. Royalties are 6% of gross sales. Ongoing National Marketing Fund contributions are 2% of gross sales.4. What are the average annual sales of a Waffy’s store?
As a non-disclosure franchise company, Waffy’s cannot under franchise law, reveal the average annual sales for our franchise models. However, you are welcome to contact existing franchise partners to find out what their sales are. Most franchisees are willing to discuss such information with you once it is determined that you are serious about investing in a Waffy’s franchise.5. How much can I make as a Waffy’s franchisee?
We are restricted by the Federal Trade Commission and various state franchise sales regulations from providing you with specific profit projections. To learn more about actual experiences, we will encourage you to speak with existing franchise partners during our application process.6. Does Waffy’s offer financing?
Waffy’s does not offer direct financing; however, we can direct potential franchise partners to sources that have provided financing options to other franchisees in the areas of equipment leasing, construction and SBA loans.7. How long does it take to open a Waffy’s franchise?
Each location is different, depending on a variety of factors, including site selection, build-out requirements and training. However, it typically takes approximately 3-9 months from signing the franchise agreement to opening day.8. What kind of training can I expect as a franchisee?
All new Franchise Partners participate in a 2 week training program. This consists of 1 week at Waffy’s Franchise Support Center located in Pompano Beach, FL and 1 week of real life management experience in a Certified Regional Training Store. Once initial Franchise Training is completed, Franchise Partners receive regular updates, including web-based training and on site reviews.9. How is food quality and consistency maintained?
Our proprietary products (Liege Waffle & Paninis) are manufactured in our Central Manufacturing Facility to guarantee quality and consistency. In this manner, the high-quality Waffy’s Belgian Waffles customers now enjoy will be the same everywhere.10. I’m interested in pursuing this further. What should I do next?
Click Here to complete our Franchise Application and a Waffy;s Franchise Development representative will contact you.