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Description
Investment Icon

What Are the Initial Investment Requirements for an Eggs Up Grill Franchise?

To open an Eggs Up Grill franchise, you'll need to prepare for an initial investment ranging from $752,500 to $988,000. This includes a franchise fee of $45,000. Additionally, you should have a cash reserve of $45,000 to $125,000 and a net worth between $500,000 and $1,000,000. Understanding these financial commitments is crucial for aspiring franchisees to ensure they are well-prepared for the journey ahead.

Fees Icon

What Are the Financial Performance Metrics for an Eggs Up Grill Franchise?

Eggs Up Grill franchises have shown promising financial performance, with an average annual revenue of approximately $1,263,825 per unit. The median revenue stands at $1,074,235, while the highest revenue reported is $1,903,801. With a breakeven time of around 15 months and an investment payback period of just 12 months, this franchise offers a potentially lucrative opportunity for investors willing to engage in the breakfast and brunch market.

Revenue Icon

What Are the Ongoing Fees Associated with an Eggs Up Grill Franchise?

As an Eggs Up Grill franchisee, you will be responsible for ongoing fees that include a 5% royalty fee on gross sales and a 1% marketing fee. These fees contribute to the support and resources provided by the franchisor, which can help in driving sales and brand recognition. Understanding these ongoing costs is essential for effective financial planning and ensuring profitability over time.

Breakeven Icon

How Many Units Are Currently Operating Under the Eggs Up Grill Franchise?

Eggs Up Grill has experienced steady growth, with a total of 71 units operating as of 2023. This includes 70 franchised units and 1 corporate unit. The franchise has expanded from 52 franchised units in 2021 to 70 in 2023, indicating a strong demand for its breakfast offerings and a robust business model that attracts new franchisees. This growth trajectory may provide confidence for prospective investors looking to join a thriving franchise system.

Eggs Up Grill Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

Net Worth Required icon The minimum total assets (minus liabilities) you must possess.

i Net Worth Required:

$500,000 - $1,000,000
Investment Payback icon The estimated period to recoup your total investment.

i Investment Payback:

12 Months
Franchise Fee icon The initial fee paid to join the franchise system.

i Franchise Fee:

$45,000
Royalty Fee icon Ongoing percentage of revenue paid to the franchisor.

i Royalty Fee:

5%
Marketing Fee icon Regular contribution toward the franchise’s advertising fund.

i Marketing Fee:

1%
Breakeven Time icon The estimated timeframe to recover your initial costs.

i Breakeven Time:

15 Months
Initial Investment icon The total amount required to launch the franchise.

i Initial Investment:

$752,500 - $988,000
Cash Required icon The minimum liquid capital you must have on hand.

i Cash Required:

$45,000 - $125,000
Average Revenue icon The typical yearly revenue generated per franchise location.

i Average Revenue:

$1,294,928
Median Revenue icon The middle value of yearly revenue among franchise locations.

i Median Revenue:

$1,074,235
Highest Revenue icon The largest reported annual revenue among franchisees.

i Highest Revenue:

$1,903,801
Lowest Revenue icon The smallest reported annual revenue among franchisees.

i Lowest Revenue:

$758,303
Industry icon A broad sector defining similar types of franchise businesses.

i Industry:

Food Franchises
Category icon A more specific division within the broader industry.

i Category:

Casual Dining
Leadership icon The key individuals guiding the franchise’s strategy and growth.

i Leadership:

Ricky Richardson
Corporate Address icon The official business address of the franchisor’s headquarters.

i Corporate Address:

100 Dunbar St., #303, Spartanburg, South Carolina 29306
Funding Year icon Available financing options to help start the franchise.

i Funding Year:

2018
Parent Company icon The main organization that owns the franchise brand.

i Parent Company:

EUG Franchising

Eggs Up Grill Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes.

The overall number of operating franchise locations.

Total Units i

71
The number of locations owned by independent franchisees.

Franchised Units i

70
The number of locations owned and run by the franchisor.

Corporate Units i

1
Units 2021 2022 2023
Total Units 53 59 71
Net Change YoY 6 12
Franchised Units 52 58 70
Net Change YoY 6 12
Corporate Units 1 1 1
Net Change YoY 0 0
Investment About

Investment Overview

Eggs Up Grill offers a compelling investment opportunity with an initial investment ranging from $752,500 to $988,000. The initial franchise fee is set at $45,000, and franchisees can expect a royalty fee of 5% on gross sales along with a 1% marketing fee. To qualify, potential franchisees must have a cash requirement of $45,000 to $125,000 and a net worth between $500,000 and $1,000,000.

Potential About

Revenue Potential

The average annual revenue per Eggs Up Grill unit stands at $1,263,825, with a median revenue of $1,074,235. Franchisees can expect a range of revenues, with the lowest reported at $758,303 and the highest reaching $1,903,801. This revenue potential highlights the brand's strong market presence and customer appeal.

Metrics About

Operational Efficiency

Eggs Up Grill units typically achieve breakeven within 15 months, allowing franchisees to recover their initial investment in approximately 12 months. This swift payback period reflects effective operational strategies and a robust business model that supports franchisee profitability.

Fees About

Franchised Growth

The franchise has shown steady growth, expanding from 52 franchised units in 2021 to 70 in 2023. This 34.6% increase in franchised locations indicates strong demand and the brand's ability to attract new franchisees, contributing to its overall market expansion.

Breakeven About

Financial Performance

Eggs Up Grill boasts a gross profit margin of 75.3%, with operating expenses at 51.1% of revenue. The EBITDA stands at 48.9%, showcasing the franchise's ability to maintain healthy profit margins while managing operational costs effectively.

Units About

Support and Training

Franchisees receive comprehensive support, including training programs designed to equip them with the necessary skills for successful operations. This support extends to marketing, operational guidance, and ongoing assistance, ensuring franchisees are well-prepared to thrive in the competitive restaurant landscape.

Frequently Asked Questions

The initial investment for an Eggs Up Grill franchise ranges from $752,500 to $988,000. This includes the franchise fee, equipment, and other startup costs.