What You Need to be a JERK
We believe that the success of a Soda Jerks™ Burgers & Bottles restaurant is tied directly to the caliber of the individual who operates it and understand that the success of a Soda Jerks™ Burgers & Bottles restaurant depends on delivering 100% customer satisfaction. When selecting a franchisee we look for the following attributes and qualities:
- Strong people skills
- Community involvement
- A demonstrated track record of achievement
- Commitment to follow our System
- Have the required funds to invest
- The ability to manage, recruit and train employees
You do not need related experience to be successful, but we regard any food service experience you might have as a plus.
A typical Soda Jerks Burgers & Bottles franchised business requires an initial investment ranging from around $548,000 to $924,000 depending on a number of factors. This amount includes the Initial Franchisee Fee, leasehold improvements, equipment, initial inventory, grand opening promotion, insurance, working capital, and miscellaneous start-up items. Also included in this amount is approximately $26,000 to $44,000 GST, which is recoverable.
We estimate that the initial investment in the new West Granville Soda Jerks™ Burgers & Bottles restaurant will be approximately $750,000 including working capital and initial franchise fee.
We do not provide financial assistance to franchisees. You are required to have sufficient capital to purchase the franchise, pay for the development of the premises, and have sufficient working capital available to cover the start-up phase of the business. We will assist you in developing a Business Plan that you can present to financial institutions.
You may be able to obtain financing in the amount of $350,000 through a Small Business Loan, which is a loan program operated by the Government of Canada in collaboration with financial institutions to make it easier for small businesses to get loans from financial institutions by sharing the risk with the lenders.
Although this amount of money may be available to an applicant by way of bank loan, we will not approve any candidate unless they have approximately one-half of the total investment available in unencumbered cash. We are of the belief this amount of money is required so that the franchisee does not enter the business with an unreasonable debt load.