3/10

Franchimp Summary Rating

4 /10
Higher than 66% of peers

Franchise Summary

Description
The franchisee will operate a "Schoop's Hamburgers" Restaurant.
Company Background
Schoop's Hamburgers is a family-owned burger restaurant chain that has been operating for over 50 years. They are known for their signature burgers, hand-scooped milkshakes, and crisp golden fries. Schoop's also offers chicken, steak, veggie, and seafood options to satisfy all tastes! With locations in the Midwest and on the East Coast, Schoop's is now expanding into California with four new restaurants opening by 2020.
Franchise Opportunity
The fast food industry is a massive and competitive market, but it's also an extremely saturated one. Every city seems to have at least three or four burger joints per ten thousand people. Schoop's Hamburgers Restaurants are the best restaurants in town because we focus on quality over quantity. Our burgers are made with 100% fresh beef and our fries are hand-cut daily from real potatoes! We go out of our way to make sure that every customer has a great experience when they come into any of our locations. This means that you won't find us opening new stores just for the sake of growing quickly; instead, we're focused on providing customers with consistently delicious food served by friendly staff members who take pride in their work. Stop by your local Schoop's Hamburgers restaurant today for lunch or dinner! You can order online using our website or mobile app, call ahead using the same tools, or simply walk in and place your
Corporate Structure
As used in the circular, "you" means the franchisee under the attached License Agreement. Schoop's Enterprises, Inc. ("Schoop's Enterprises") is an Indiana for profit corporation which maintains its principal place of business at 215 Ridge Road, Munster, Indiana 46321. It does business under that name and its business is the licensing of "Schoop's Hamburgers" restaurants. Schoop's Enterprises has been given the right to license "Schoop's Hamburgers" restaurants in the state of Indiana and has the authority to grant Licensees the right to operate restaurants under the name "Schoop's Hamburgers" and further authorizes the use of the name of Schoop, Schoop's and all associated names and descriptions. Schoop's Enterprises does not operate "Schoop's Hamburgers" restaurants. Its agent for service of process is Richard Newell, 1417 Wilderness Drive, Schererville, IN 46375 and The Indiana Secretary of State, 201 State House, 200 West Washington Street, Indianapolis, IN 46204. Each "Schoop's Hamburgers" restaurant offers a uniform limited menu. Hamburgers are featured in various sizes and descriptions from simple hamburgers to special cheeseburgers. Schoop's Enterprises was established in 1984 specifically for the purpose of selling licenses for "Schoop's Hamburgers" restaurants. There are no predecessors of Schoop's Enterprises but its authority to offer Licenses is from Schoop Hamburgers, Inc., another Indiana corporation which has roots going back to the late 1940's, was operated as a family proprietorship from 1964 to 1970 and has operated as an Indiana corporation since that time. Schoop Hamburgers, Inc. granted its first license to operate a restaurant in 1982.
Investment and Franchisee Fees
The initial franchise fee is $20,000.00. The estimated initial investment is estimated to be $285,000.00 $385,000.00.

Earnings Transparency

1 /10
This Franchise discloses much less information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Distribution of Schoop's Hamburgers Franchisees

Schoop's Hamburgers Franchise System Development in 2015

FAQ

How much investment do I need to start my own Schoop's Hamburgers business?
Franchisees typically require at least $285 to $385 investment to get their Schoop's Hamburgers business started
What are the initial franchise fees for Schoop's Hamburgers?
Franchisees typically need to pay at least $20 in fees directly to Schoop's Hamburgers in order to earn the right to launch their business
How much money can I make with a Schoop's Hamburgers franchise? What are the average revenues for a typical Schoop's Hamburgers business?
We haven’t done the math on how much revenue a typical Schoop's Hamburgers brings in each year. We estimate that other franchisees in the Food & Beverage industry generate $1,201,697 revenue, so we would expect Schoop's Hamburgers to generate a similar amount
How long do I need to commit to running a Schoop's Hamburgers unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

4 /10
The Franchisor's investment costs ranges from $568,020 to $2,528,500 which is Much Higher than the $0 to $0 average in the Restaurants (Sit-Down) industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

Franchises in the Same Industry

Popular Franchises

Is this your Franchise?

Update your profile with photos, videos, useful information, and start connecting with prospective franchisees today

CLAIM THIS FRANCHISE