Top Twelve Frequently Asked Questions
Q. What is “GGI”?
A. GGI, stands for “Galardi Group, Inc.”, the parent company. The “Galardi” in Galardi Group, is John Galardi, the founder of Wienerschnitzel.
Q. How much is the Franchise Fee?
A. Currently the Franchise Fee is $32,000 for a 20-year Franchise term. However, for a limited time (through April 2013) Franchise Fee has been cut in half, or $16,000. This is a great opportunity to get started with the Wienerschnitzel brand!
Q. What is the Royalty and Advertising fee?
A. Currently the Royalty Fee is 5% of your sales. However, for a limited time (through April 2013) your Royalties for the first year are 1%, the second year 2%, third year 3%, fourth year 4% and the fifth year the royalties are 5% thereafter.
Q. How much does it cost to open a new Wienerschnitzel Franchise?
A. If a build-to-suit arrangement with a landlord is made, the cost to open a new Wienerschnitzel can be as little as $250,000 to $350,000, most of which can be financed. If you lease a building or space, your development cost wil be approximately $500,000.
If the building is built on a ground lease, the cost to open a new Wienerschnitzel is as low as $350,000, again most of which can be financed.
Q. Is financing available for developing a new Wienerschnitzel Franchise?
A. Several commercial lenders and several SBA lenders, which have previously worked with Wienerschnitzel franchisees, are seeking lending opportunities with prospective Wienerschnitzel franchisees. A list of these lenders can be made available.
Q. What geographical areas are available?
A. Wienerschnitzel new franchise licenses are available in most areas of CA, OR, WA, AZ, NV, NM, UT, and TX. Other Western states will be considered for development, if the prospective franchisee has a market development plan approved by GGI. Other geographical areas in which Wienerschnitzel has an existing presence will be considered on a case-by-case basis.
Q. How do I find a location for a new Wienerschnitzel Franchise?
A. GGI provides a Site Selection Handbook, and can provide an introduction to a real estate broker familiar with the specific geographical area.
Q. Who constructs the building?
A. You will construct your building and/or improvements. GGI provides a Construction Procedures Manual that outlines the process of selecting an architect and a general contractor.
Q. What experience is required for approval to become a new Wienerschnitzel Franchisee?
A. People with restaurant or retail-operations experience are preferred, but GGI will consider other professionals who have business ownership or management experience.
Q. What are the financial requirements for approval to become a new Wienerschnitzel Franchisee?
A. Prospective franchisees must have a net worth of $600,000; of which at least $250,000 must be liquid. This net worth and liquidity requirement may be met by combining the financial worth of two or more partners.
Q. What training is provided?
A. A comprehensive six week Training Program addressing all facets of running a Wienerschnitzel restaurant is required for either the prospective franchisee or the designated General Manager.
Q. How can other questions be addressed?
A. The first step is to complete the Contact Us form or contact the individual listed below. Prospective franchisees will receive a call to discuss the process, and to arrange for an in-person meeting, if appropriate.
For more information, please contact:
Fax (949) 892-2615
Galardi Group Franchise Corp.
7700 Irvine Center Dr #550
Irvine, CA 92618