4 /10
Higher than 68% of peers
Hook & Reel is a seafood restaurant franchise that offers a casual dining experience centered around seafood boils and a variety of seafood dishes, emphasizing a fun, interactive atmosphere where customers can enjoy their meals with their hands. The franchise has been expanding across the U.S., appealing to seafood lovers with a diverse menu and a focus on quality ingredients.
Hook & Reel is a full-service seafood restaurant with an emphasis on Cajun-style cuisine. Hook & Reel offers the freshest and most authentic Louisiana flavors, including appetizers, sandwiches, side dishes, fountain drinks and alcohol. Whether you're looking for crawfish ?touff?e or shrimp po'boys, Hook & Reel has something delicious to offer everyone.
Being a restaurant franchisee is hard. The Hook & Reel franchise opportunity offers you the chance to be your own boss, work with family and friends, and make money while doing it. We have developed an award-winning system that will guide you through every step of opening your own Hook & Reel seafood restaurant. Our proven business model has been tested in multiple markets across the country over several decades. We've also built a strong support network that includes our corporate team as well as other successful franchises throughout North America who can help answer any questions or concerns you may have along the way.
Hook & Reel Franchise LLC (referred to in this Disclosure Document as “Hook & Reel,” “we,” “us,” or “our” and where the context requires also includes our affiliates) was formed as a New York limited liability company on June 26, 2018. Our principal place of business is 2590 Hylan Boulevard, Suite 3, Staten Island, New York, 10306, and we do business under our corporate name and the Marks as described below. In this Disclosure Document, we refer to the person or entity that will be signing the Franchise Agreement (defined below) as “you,” “your,” or “franchisee,” which includes all franchise owners and partners, if you are a corporation, partnership or other entity. We began offering Hook & Reel franchises in November, 2018. We do not own or operate any businesses of the type being franchised. We have not offered franchises in any other line of business and we do not engage in any other business activity. Our agents for service of process are listed in Exhibit H
The total investment necessary to begin operation of a Hook & Reel restaurant franchise is $402,650 to $1,592,050. This includes $62,400 to $88,800 that must be paid to the franchisor and/or its affiliate. If you enter into a Multi Unit Development Agreement to develop at least three Restaurants, when you sign the Multi Unit Development Agreement, you will pay a development fee equal to 100% of the initial franchise fee for the first restaurant to be developed, plus 75% of the initial franchise fee the second restaurant to be developed, and 50% of the initial franchise fee for the third and each additional restaurant after the third to be developed under the Multi Unit Development Agreement. If you choose to develop three restaurants under a Multi Unit Development Agreement, the total estimated investment for your first Hook & Reel restaurant is $453,400 to $1,638,300. This includes $111,150 to $132,550 that must be paid to the franchisor and/or its affiliate.
Employee Contact Database
Franchisees typically require at least $402,650 to $1,592,050 investment to get their Hook & Reel business started
Franchisees typically need to pay at least $62,400 in fees directly to Hook & Reel in order to earn the right to launch their business
We haven’t done the math on how much revenue a typical
Hook & Reel brings in each year. We estimate that other
franchisees in the Food & Beverage industry generate
$1,201,697 revenue, so we would expect
Hook & Reel to generate a similar amount
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
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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