4/10

Franchimp Summary Rating

4 /10
Higher than 68% of peers

Franchise Summary

Description
Nextbite Brands, LLC, a Ddaware limited liability company, offers franchises for commercial kitchens that win prepare a variefy of food products identified by various trade names, trademarks, service marks, logos and.commercial symbols for sale and delivery to Gusfomersdfpnhne fpod ordering platfbrrns by food delivery services;
Company Background
Nextbite is a website that simplifies the process of ordering food online. Nextbite provides an easy to use platform for restaurants, delivery services and customers to order food online with just a few clicks. With one click on the "order" button, customers can have their favorite dish delivered in minutes from local restaurants. The company aims to help people find healthy foods at affordable prices by connecting them directly with restaurants in their communities.
Franchise Opportunity
Food ordering platforms have become a new way to order food online. The problem is that these services are not very popular in most of the countries and they don't offer delivery service for many types of food. Nextbite solves this problem by providing symbols for sale and delivery to customers of online food ordering platforms by food delivery services. This makes it easier for restaurants to deliver their products without having to invest money into creating an app or website on their own, which could take months or even years before it becomes profitable. By using our platform, restaurants can get more customers with less effort than ever before!
Corporate Structure
We have rro predecessors or parent companies. VVe have one. affiliate. Our affiliate, Ordermark, Inc;, a Delaware corporation ("Ordermark, Inci"), was ihcorporated on January lO, 2017 and has developed a standalone independent hardware system that aggregates multiple onhrie ordering services onto one device to unify and organize online food orders sent to commercial kitchens arid restaiirants by customers of online food ordering platforms (the' "Ordermark Eqiiipment") such as BleyondMenu, CaWar, GhoWNow; Delivery.Gom, Doordash, EatStreet, Foodler, Grubhub, Postmates, Uber Eats, and Yelp Eat 24 and the like ("Food Delivery Services"). Ordermark, Ihc. is the.approved supplier and the only approved supplier of the Ordermark Equipment. Neither we nqr'Ordermark,>Inc;;have ever offered franchises in this business or in any other line of business. Neither we nor Ordermark, Inc. operate any businesses of the type offered in this Disclosure Document. We have offered our franchises for sale since tire issuance date of this Disclosure Document, and do not coiiduct any other business activities. We do not do business under any other names. The prinapallbUsiness address of Ordermark,, Inc. is 10381 Jefferson Boulevard, Culver City, California;90232.
Investment and Franchisee Fees
You will sign a Franchise Agreement to operate one franchised kitchen. The total investment necessary to begin operations of onP.franchised kitchen ranges from approximately $14,500 to $24;500. This includes $2,000. that must be paid to»us or our affiliate,

FAQ

How much investment do I need to start my own Nextbite Brands business?
We aren't sure how much money you will need to start a Nextbite Brands franchise. However, we can tell you that franchisees also operating in the Food & Beverage industry typically require $187,085 to $383,457 investment to start their franchise
What are the initial franchise fees for Nextbite Brands?
We don't know exactly how much the franchise fees are for Nextbite Brands, 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 Nextbite Brands franchise? What are the average revenues for a typical Nextbite Brands business?
We haven’t done the math on how much revenue a typical Nextbite Brands brings in each year. We estimate that other franchisees in the Food & Beverage industry generate $1,201,697 revenue, so we would expect Nextbite Brands to generate a similar amount
How long do I need to commit to running a Nextbite Brands 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

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