12300 S. 62 E Draper, Utah 84020
We have no predecessors or parent companies. Our affiliate, Radwick Enterprises LLC, a California limited liability company (the “Operating Company”), was organized on June 14, 2005. The Operating Company operates 5 Spitz Restaurants, one at each of the following 5 addresses: 2506 Colorado Boulevard, Los Angeles, California 90041; 371 E. 2nd Street, Los Angeles, California 90012; 1725 Hillhurst Avenue, Los Angeles, California 90027; 3737 Cahuenga Boulevard, Studio City, California 91604; and 2103 N. Killingsworth Street, Portland, Oregon 97217. The Operating Company has never offered franchises in any line of business or sold goods or services to our franchisees. The Operating Company’s and our principal business address is 1725 Hillhurst Ave, Los Angeles, California 90027. We began offering Spitz franchises in November 2013. We have never offered franchises in any other line of business. As of December 31, 2020, there are 5 company owned restaurants in operation.
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Franchimp Summary Rating
7/10
Earning Transparency
10/10
Investment Accessibility
3/10
$1,638,221 / unit
Average Revenue During 2021QSR
$411,442
Industry Low
$2,544,354
Industry High
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Upfront Franchise Fees
Minimum: $35,000 Maximum: $791,000
Upfront franchise fees are the one-time payments required to secure rights to operate under an established brand, typically ranging from $20,000 to $100,000+ depending on brand value.
These fees grant access to proprietary business systems, training programs, intellectual property rights, and often territorial exclusivity—essentially purchasing the blueprint for a proven business model.
While separate from ongoing royalties, investors should evaluate these fees against expected returns, comparing fee-to-earnings ratios across opportunities and assessing how effectively franchisors reinvest these funds into system improvements.
Total Investment Costs
Minimum: $579,250 Maximum: $1,150,050
Ongoing Fees
Ongoing franchise fees, typically structured as royalties ranging from 4-8% of gross sales, represent the continuous payments franchisees make to maintain brand affiliation and support services.
These recurring fees fund the franchisor's operational assistance, marketing initiatives, technology updates, and continued brand development—creating a partnership where the franchisor's revenue grows alongside the franchisee's success. In addition to royalties, franchisees often contribute to national advertising funds (usually 1-3% of sales) and may incur technology fees, supply chain markups, or renewal fees depending on the franchise agreement.
Investors should carefully analyze these ongoing costs within their financial projections, as they directly impact profit margins and cash flow throughout the entire franchise relationship.
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