8/10

Franchimp Summary Rating

8 /10
Lower than 22% of peers

Franchise Summary

Description
As a franchisee, you will operate a stores offering Cajun style crawfish, crabs, seafood, Vietnamese Pho and related products under the mark “LA Crawfish.”
Company Background
As a franchisee, you will operate a stores offering Cajun style crawfish, crabs, seafood, Vietnamese Pho and related products under the mark "LA Crawfish." LA Crawfish is growing as an international brand with partnerships in Asia and Europe. As of May 2018 we have over 30 restaurants across 8 countries on 4 continents. Our mission is to offer our customers authentic Louisiana crawfish at affordable prices while maintaining the highest standards for food safety and customer satisfaction.
Franchise Opportunity
The crawfish industry is growing rapidly, but it can be difficult to break into. There are many different ways to prepare crawfish, and the best way to serve them depends on the local tastes and preferences. LA Crawfish offers a unique and delicious Cajun style of cooking that is perfect for franchisees looking to tap into this growing market. Our recipes have been perfected over years of experience, and our team can help you get your store up and running quickly and easily.
Corporate Structure
We are a franchising company which promotes and sells franchises for the operation of LA Crawfish stores. We do not own or operate a store of the type being franchised, although we have two affiliates that do. We have not offered franchises in any other line of business, and we are not engaged in any business other than selling franchises for LA Crawfish stores. We have offered franchises since September 9, 2013.
Investment and Franchisee Fees
The total investment necessary to begin operation of a single unit of LAC Franchising is from $261,000 to $406,000. This amount exceeds the Franchisor’s stockholder’s equity as of December 31, 2018, which is $396,789. This includes the initial franchise fee of $35,000 that must be paid to us as the franchisor. Please see Items 5 and 7 for additional details. We may offer to enter into an area development agreement to establish and operate a certain number of LA Crawfish Stores at specific locations pursuant to individual franchise agreements. The area development fee will be equal to $10,000 multiplied by the number of LA Crawfish Stores to be developed under the area development agreement. The area development fee will then be credited, in increments of $10,000, toward the franchise fee owed for each LA Crawfish Store developed. Your estimated initial investment will vary based on the number of stores to be developed.

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of LA Crawfish Franchisees

LA Crawfish Franchise System Development in 2018

FAQ

How much investment do I need to start my own LA Crawfish business?
Franchisees typically require at least $256,000 to $391,000 investment to get their LA Crawfish business started
What are the initial franchise fees for LA Crawfish?
We don't know exactly how much the franchise fees are for LA Crawfish, but we can tell you that other franchises in the Food & Beverage sector typically need to pay between $13,088 and $18,818 to the franchisor
How much money can I make with a LA Crawfish franchise? What are the average revenues for a typical LA Crawfish business?
We haven’t done the math on how much revenue a typical LA Crawfish brings in each year. We estimate that other franchisees in the Food & Beverage industry generate $1,201,697 revenue, so we would expect LA Crawfish to generate a similar amount
How long do I need to commit to running a LA Crawfish unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

8 /10
The Franchisor's investment costs ranges from $213,540 to $475,750 which is Much Lower than the $0 to $0 average in the QSR 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

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