5/10

Franchimp Summary Rating

3 /10
Higher than 71% of peers

Franchise Summary

Description
Savvy Sliders is a fast-casual restaurant franchise that specializes in gourmet sliders, offering a diverse menu of unique mini-burgers made with high-quality ingredients, catering to various tastes and dietary preferences. The franchise provides a casual dining atmosphere, customization options for customers, and franchise opportunities for entrepreneurs, all while targeting a broad demographic seeking a quick yet satisfying meal.
Corporate Structure
We are a Michigan limited liability company, organized on January 25, 2019. We do business under our company name and the 'Savvy Sliders' name. Our principal business address is 30955 Northwestern Highway, Suite 300, Farmington Hills, Michigan 48334. Our agents for service of process are listed on Exhibit A.

Earnings Transparency

7 /10
This Franchise discloses slightly more 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

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Quick Service Restaurants (QSR) Industry

$1,720,836 / unit

Franchise Type: Standard

Average Revenue During 2021

$1,720,836
$412,032
Industry Low
$1,773,176
Industry High

Franchise Types Available

# Type Investment Fees

Savvy Sliders Franchise System Development in 2021

FAQ

How much investment do I need to start my own Savvy Sliders business?
Franchisees typically require at least $411 to $965 investment to get their Savvy Sliders business started
What are the initial franchise fees for Savvy Sliders?
Franchisees typically need to pay at least $377 in fees directly to Savvy Sliders in order to earn the right to launch their business
How much money can I make with a Savvy Sliders franchise? What are the average revenues for a typical Savvy Sliders business?
We estimate that the average revenue of an individual Savvy Sliders unit is approximately $1,720,836. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Savvy Sliders unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

3 /10
The Franchisor's investment costs ranges from $411,000 to $965,000 which is Much Higher than the $0 to $0 average in the Quick Service Restaurants (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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