FREQUENTLY ASKED QUESTIONS
DO YOU FINANCE?
Nope. We have relationships with a number of lenders and can provide you with their contact information. We are pre-approved by the Small Business Administration and listed on their “Franchise Registry.”
CAN I CHOOSE MY OWN LOCATION?
As a Goodcents franchisee we provide you assistance in locating the site(s) for your restaurant(s); negotiating a lease for the site of your restaurant and coordinating construction and development of your restaurant. We figure that’s the best way to insure success.
CAN I OPEN A GOODCENTS IN A STATE THAT DOESN'T ALREADY HAVE ONE?
You can, and we’re excited about that! We offer our Multi-Unit opportunities in every city, state and zip code throughout the United States. A five-store minimum is required in markets where Goodcents does not have a presence.
HOW LONG IS TRAINING?
The Goodcents training program is scheduled for approximately 30 days. The training program consists of classes conducted at the Goodcents R&D and Training Facility or at other designated locations with on-the-job training furnished at one of Goodcents’ restaurants.
DO I BUY MY FOOD PRODUCTS FROM GOODCENTS?
No. However, Goodcents does require purchase of approved products. These products are delivered by our approved national distributors.
CAN I HAVE MORE THAN ONE RESTAURANT?
Yes. Multi-Unit opportunities are available. A designated number of restaurants and a designated area are agreed upon with scheduled time-line for unit openings.
WHAT IS THE FRANCHISE LICENSE RENEWAL FEE?
Your franchise agreement can be renewed at 50% of the current fee for an additional 10 years.
HOW MUCH WILL IT COST TO OPEN A GOODCENTS?
Total opening costs vary depending on location, size of the restaurant, and necessary build-out costs. Some areas of the country are also higher due to economics of the area.
Typically you can expect to spend anywhere from $155,150 – $292,401. This figure includes your franchise fee, 3 months working capital, build-out, equipment, marketing, and most other expenditures you incur for your restaurant. Most banks are requiring 25%-35% down for an SBA Loan.