Financial Requirements

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Financial Requirements
When you invest in Joey's Seafood and Grill, you will be joining our organization at sea level. You will become one of the pioneers with the ability to help shape and mold the future of our unique concept!

Profile of a Joey's Seafood and Grill Franchise Candidate
Personal Qualifications
  • Preferred 5-7 years in business management experience, including P&L and employee supervision responsibilities.
  • Foodservice experience is a plus, however not a prerequisite.
  • Results based with strong analytical, problem solving and leadership skills.
  • Preferred experience with Word, Excel, and basic PC operations.
  • Hands-on ownership is preferred; however, day-to-day unit management is not a requirement.
  • Multi-unit ownership preferred, however not a requirement.
  • Individual or multi owner groups accepted.
Financial Qualifications
 

Initial Franchise Fee

$30,000

Construction / Leasehold Improvements

$284,000 – $325,000

Architect Fees

$6,000 – $18,000

Furniture, Fixture and Equipment

$130,000 - $147,000

Signage and Awnings

$6,500 - $18,300

Licenses and Permits

$2,000 - $6,500

Pre Opening & Opening Inventory, Uniforms and Smallwares

$35,000 - $40,000

In-Store Advertising Materials

$1,000 - $2,000

Grand Opening Advertising

$5,000

Salaries, lodging, transportation for training at Franchised Location

$17,825 - $22,845

Salaries, lodging, transportation for training in St. Paul, MN or designated Training Store

$1,500 - $7,500

Point of Sale System

$18,000 - $23,000

Internet Access

$30 - $500

Professional Services

$3,000 – $10,000

Insurance

$2,000 – $6,000

Deposits

$0 - $7,500

Additional Funds

$20,000 - $40,000

Estimated Costs to Open

$561,855 - $709,145


Note: Development costs above do not include commissions associated with the acquisition of real estate (if applicable), or potential fees associated with sewer/water connection, nor tenant improvement contributions (credits) from the landlord, if any. Your actual costs for construction/leasehold improvements, furniture, fixtures and equipment, signage, awnings, and inventory, uniforms and smallwares will vary depending upon the size and design of your new restaurant, its geographic location, shipping costs and other economic factors. The estimated opening costs represented in the table are based on an average sq/ft of approximately 2900 sq/ft.
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The pages on this website describe the Joey's Seafood and Grill� system and do not constitute
an offering for the sale of a franchise. See disclaimer for details.