DO I NEED TO HAVE ANY EXPERIENCE IN THE RESTAURANT INDUSTRY?
You don’t need restaurant industry experience, but it would certainly help. We understand that the majority of new franchisees are first-time business owners, and Latin Cafe 2000 provides an excellent training program. In addition, we will be standing right next to you as you open your location.
HOW LONG WILL I BE AT TRAINING AND WHAT CAN I EXPECT TO LEARN?
Our initial training program consists of approximately six (6) weeks of classroom and onsite training, at a company-owned location in Miami, Florida.
The initial training occurs 75 days prior to the opening of your restaurant. In addition to your attendance, we request that you bring your general manager, kitchen manager and up to two (2) additional employees to complete our initial training program. In addition, two of our representatives will be at your site for up to seven (7) days, in coordination with the opening of your restaurant.
Your training program is intensive and covers front-of-house to back-of-house operations, including:
- Recipes and Food-Prep Procedures
- Quality and Service Standards
- Inventory Procedures
- Equipment and Safety
- Brand Compliance
- Food Safety
- Sanitation and Health Code Compliance
- Best Hiring Practices
When you have completed our training program, you will be ready to operate your own Latin Cafe 2000 restaurant!
WILL YOU ASSIST ME WITH ESTABLISHING MY VENDOR RELATIONSHIPS AND INITIAL INVENTORY PURCHASE?
Yes. We have a preferred vendor program to provide you with all the products that you will need to operate your restaurant. In addition, we will provide guidance with your opening inventory purchase.
DOES THE LATIN CAFE 2000 OFFER FINANCING?
Currently, we do not offer any direct financing, but we can recommend some third-party financing options for you. We have arrangements with equipment leasing companies that offer options to individuals with good credit.
DOES LATIN CAFE 2000 OFFER A MULTI-UNIT FRANCHISE OPPORTUNITY?
Yes! We understand that you may want the flexibility to open multiple locations and have complete control of your territory. You are provided a protected territory as part of your franchise agreement. We can discuss the process for protecting adjacent territories at the time of your franchise closing.
WHAT ARE MY INITIAL INVESTMENT AND FRANCHISE FEES? WHAT ABOUT ONGOING ROYALTIES?
We recommend that you have a minimum of $200,000 in liquid assets and a net worth of $500,000. The initial franchisee fee is $27,500. Currently, there is no national advertising fee, but you will pay ongoing royalties of 5% for gross sales up to $800,000, then 4% of gross sales above $800,000. We ask that you spend a minimum of $1,500 per month in local advertising.
WHERE SHOULD I LOCATE MY LATIN CAFE 2000 RESTAURANT?
We will work directly with you and your local real estate professional to help select the best location available. In general, we are looking for significant community activity, including:
- Nearby Mixed Medical Complexes and Offices
- Population of at Least 150,000 within 3-Mile Radius
- Preferably Free-Standing Structure
- Outdoor Patio Area and Ability to Add “La Ventana” for Take-Out Orders
- Hispanic Community
- Close to Schools & Recreational Areas
Ideally, we would like to see you in a space that is approximately 2,800–4,000 square feet, with outdoor seating available. Visibility and signage is very important. We will entertain an express model depending on the community and available space.
HOW LONG WILL IT TAKE TO OPEN ONCE I HAVE SIGNED A FRANCHISE AGREEMENT?
Your first location will generally open within 12 months of signing your agreement. That time may be reduced considerably if your location has already been identified.
WILL YOU HELP ME WITH MY INITIAL MARKETING STRATEGY AND GRAND OPENING?
Yes. We will assist you with all aspects of your opening and we will attend your grand opening.
SOCIAL MEDIA IS REALLY BIG RIGHT NOW. DO YOU HAVE A POLICY AS TO WHAT I CAN AND CANNOT DO?
We have an extensive social media policy coupled with best practices. Some store owners are better equipped than others to monitor and manage their social media presence. We will discuss this at length during training and you will be all setup before you open your restaurant.