The Franchise Disclosure Document
The following is an overview of the key benefits and investment required to be considered for a Vincent’s franchise. Complete details are available in our FDD (Franchise Disclosure Document).
The Benefits of a Vincent’s Franchise
Vincent’s is a quality restaurant and sauce business with a fierce commitment to preserving our established, quality brand. If you are chosen to be a franchise operator, you will receive full access to a full range of resources that will help you build your own successful business, using our proven model.
Our brand is world-famous and highly recognizable, and will offer your own new or converted location the strength of that brand. Our operating systems are well established, and highly replicable. You will eliminate the typical trial and error period that most new businesses face, since you will be establishing your business according to our proven, successful model. We have purchasing processes and established suppliers, and standards for all products and services. We have a detailed, all-encompassing training and support program, and a development team to support your growth from purchase, site selection, training and beyond.
New Franchises and Conversions
There are opportunities to both convert an existing, qualifying restaurant into a Vincent’s location, or to open a new franchise property. For highly qualified applicants there may be the opportunity to become a multi-unit developer, with a commitment to open three or more Vincent’s Clam Bar restaurants.
The Right Franchise Partner
We are looking for bona fide restaurant professionals with a full understanding of FOH and BOH operations to join the Vincent’s family as a Franchise Operator.
Such a candidate must have the following critical qualities.
• Highly motivated
• Driven by success
• High level of integrity
• Financially responsible
In addition, they must have a minimum of $500,000.00 of liquid assets with the capability to borrow $1,000,000.00 or more.
We are looking to expand or open new restaurants in CT, NY, NJ, DC, PA, FL, IN, MA, NC, SC, and DE, so candidates must either be in those states or willing to make investment there.
A Franchise participant should expect an investment of between 1.7 and 2.3 million dollars in total expenses to open a new Vincent’s Clam Bar location. This includes everything that will be needed, from the Initial Franchise Fee through Furnishings and Equipment, and items like Professional Services and Printing. The investment range is wide because of certain unknowns. For example, if the desired location was a pre-existing restaurant the cost will be substantially lower, and cost can be further reduced if the landlord makes a contribution or tenants allowance.
A breakdown of the investment components follows.
Each item has a spread of expenses from the smallest to largest investment expected.
Each situation is different, so the investment needed will vary. Contact us to discuss the particulars of your unique situation, and to learn more about your position and objectives. For example, a conversion (from a pre-existing restaurant) is likely to be achieved at less expense than a brand-new location, as many of these items will already be in place.
Contact us today to get started, or to ask questions you may have about the potential investment required to become a part of the Vincent’s family of franchise operators.