A Franchise Agreement for a new restaurant is an initial 5 year with further terms to align with Lease.
The initial investment will typically range from $500,000 – $700,000 + GST, however cost can vary depending on many factors such as location, size and condition of premises.
As part of the due diligence process, Schnitz will provide you with a copy of its Disclosure Document, which sets out the range of costs usually encountered by a new franchisee when establishing a franchised business based on current practice.
The franchise fee is $60,000 + GST.
The ongoing costs are a 7% royalty and 3% marketing fee, which are paid on a weekly basis.
As part of the recruitment process we encourage you to contact other franchise partners to discuss their experience with owning a Schnitz restaurant.
Typically, the banks lend 50% of the purchase price in the form of a business loan. We recommend that you commence discussions with your bank as soon as possible to understand your lending capacity and whether investing in a franchise with Schnitz is a viable option for you.
There is a standard 5-week training schedule, plus 2 weeks training after restaurant opening that all franchise partners must undergo. However some circumstances may require further training.
We encourage our franchise partners to strive to be multi-site operators, however this will be determined on a case-by-case basis.
Yes, we believe it is important for all of our franchise partners to have a hands-on approach with their restaurant and understand every aspect of the store’s operations.
Potential sites must be approved by both you and our property team, who offer expertise and guidance. Once approved, they also work hard to negotiate the most favourable lease terms possible for Schnitz.
All franchise partners receive ongoing support from Schnitz Support Office including visits and mentoring from their Business Coach.
This depends on factors including the store’s location and how the franchise partner operates the business. franchise partners should prepare their own financial projections after seeking independent accounting advice.
No, experience in the food industry is not a requirement to becoming a Schnitz franchise partner.
Yes, you will need to hold either permanent Australian Residency or be an Australian Citizen to become a Schnitz franchise partner.