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Steps to Becoming a Franchisee
Step 1: Submit Application and Financial Statement
Applicants submit a confidential "Request for Consideration" application to The Greene Turtle Franchising Corporation. Applicants must have a minimum net worth of $500,000 per store, of which a substantial portion is in liquid assets.
Step 2: Application Review
The Greene Turtle Franchising Corporation will conduct an initial review of your application to verify all submitted information. If these reports are favorable you will receive preliminary approval and we will begin the process of developing our relationship.
Step 3: Face to Face Meeting
The Greene Turtle Franchising Corporation will make a preliminary visit to your local marketplace. At this meeting you will learn about our franchise program and the support services we offer. We will discuss your responsibilities to the franchise system and your business objectives. During this meeting you will be provided our Franchise Disclosure Document (FDD).
Step 4: Discovery Day / Interview
A meeting is scheduled at our corporate offices in Edgewater, MD. You will meet with the President/CEO, as well as other members of The Greene Turtle's executive staff. This time will be used to thoroughly review the FDD, Area Development, and Franchise Agreement questions. Additional discussion topics center around The Greene Turtle business opportunity and your plans on how you will approach the development of your The Greene Turtle business.
Step 5: Formalize Agreement
If mutual interest is established, we will plan to go forward on a Development Agreement, which includes:
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A defined development territory.
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Establishment of financial terms.
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Timeline of the first restaurant and future restaurants in the Development Agreement.
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Finalized legal documents.
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Executed initial Franchise Agreement ($45,000 franchise fee).
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Executed Area Development Agreement ($10,000 fee per store).
Step 6: Site Selection
As an official The Greene Turtle franchisee, you now have to find a viable location to open your first restaurant. The Greene Turtle Franchising Corporation will assist you and your efforts to find and develop an appropriate location within your exclusive Development Territory.
Step 7: Approval of Plans and Construction
Once capitalization of the restaurant is formalized, The Greene Turtle will assist you in developing construction plans which adhere to our unique brand identity.
Step 8: Strategic Planning
Prior to opening your first The Greene Turtle Sports Bar & Grille, a strategic planning session will take place at our coporate offices in Edgewater, MD. This day-long session will cover the following topics:
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Create a milestone development schedule.
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Training and opening activities for your first The Greene Turtle.
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Thorough review of The Greene Turtle Operations Manual.
Step 9: Complete Construction & Open for Business
After successfully completing The Greene Turtle Training Program, you are now ready to open and operate your The Greene Turtle Sports Bar & Grille. Our Training Team will offer onsite support for a minimum of 7 days after opening, and our franchise support team will visit you regularly to support your business.
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