Steps To Ownership
Ready to open your own Goodcents? Here’s what you can expect.
What We Look For In Franchisees
Total Investment: $327,800 to $514,850
(Refer to 2024 FDD Item 7 for specifics on startup costs.)
Liquid Capital: $100k+
Net Worth: $200k+
Credit Score: 680+
Total Investment:
$327,800 to $514,850
(Refer to 2024 FDD Item 7 for
specifics on startup costs.)
Liquid Capital: $100k+
Net Worth: $200k+
Credit Score: 680+
$$ AUV $$ = $1,171,082
(Based on Top 25% of our restaurants in 2023; refer to 2024 FDD Item 19 for specifics.)
Estimated Initial Investment
(Refer Item 7 of 2024 FDD for additional information.)
Type of Expenditure | Amount | |
Leasehold Improvements | $125,000 | $170,000 |
Equipment | $117,800 | $178,050 |
NRO Project Mgmt & Architectural Fees | $10,000 | $29,500 |
Franchise Fee | $15,000 | $30,000 |
Working Capital (first 3 months) | $20,000 | $30,000 |
Signage | $7,500 | $15,000 |
Marketing Expenses | $7,500 | $15,000 |
Initial Inventory & Supplies | $5,500 | $7,800 |
GOODCENTS Computer System | $11,500 | $20,000 |
Miscellaneous | $8,000 | $19,500 |
TOTAL | $327,800 | $514,850 |
Sample operating income statement
(Refer Item 19 of 2024 FDD for additional information.)
Average Annual EBITDA | Average for All 43 Restaurants | Under $500,000 | Between $500,000 - $750,000 | Over $750,000 |
Number of Restaurants | 43 of 54 | 2 of 2 | 15 of 21 | 26 of 31 |
% of Restaurants (within the sample) | 80% | 100% | 71% | 84% |
Average Sales of Range | $839,036 | $395,550 | $614,803 | $1,002,516 |
Median Sales of Range | $827,576 | $395,550 | $614,944 | $957,365 |
% of Restaurants (exceeding the average) | 49% | 50% | 53% | 50% |
Number of Restaurants (exceeding the average) | 21 | 1 | 8 | 13 |
Low/High of Range | $350,838 to | $350,838 to | $520,121 to | $751,897 to |
Total Income | 100.00% | 100.00% | 100.00% | 100.00% |
Total COGS | 33.68% | 38.75% | 34.36% | 33.33% |
Gross Profit | 66.32% | 61.25% | 65.64% | 66.67% |
Total Payroll Expense | 26.26% | 20.63% | 25.06% | 26.81% |
Total Controllables | 12.90% | 17.77% | 12.80% | 12.82% |
Profit After Controllables | 27.16% | 22.85% | 27.78% | 27.04% |
Total Non-Controllable | 16.54% | 19.07% | 18.62% | 15.77% |
EBITDA | 10.62% | 3.78% | 9.16% | 11.27% |
