Requirements

SO 80's 2022 FDD, Item 19 Snapshot:
    ●   2019-2021 three year average sales:  SO 80's Flagship Store  -  1,041,157.80
    ●   2019-2021 Three year average EBITDA: $106,523.58 (10.2%) (after royalties/ad/tech fund)

What it takes

The ideal candidate:

Has prior business ownership or management experience

Is a team player and coachable

Is a problem solver

Is community and customer service oriented 

The candidate should also be prepared to go through an approximately 4-6 week mutual evaluation process along with background and credit checks.

Three Phase Mutual Evaluation Process

• Fill out online contact form
• A representative will contact you within 24 business hours
• Slice of the 80’s Introductory Overview and Candidate Requirements Discussion

Once Qualified Begin Mutual Evaluation Process 4-6 weeks

• FDD Review
• Submit Formal Application, Credit Check
• Financing Options Provided
• Review of Slice of the 80’s Support in:
  • Site Selection, Build Out
  • Marketing
  • Operations, Training and Technology
  • On-Going Support

• Invitation to “Meet the Slice of the 80’s Team” Day
• Includes store tours, meeting support staff
• Upon Formal Approval at the end of Meet the Team Day, Sign Agreements, Submit Franchise Fees
• Begin Site Selection and Real Estate Process

What it costs

TOTAL INVESTMENT, SINGLE LOCATION
$263,200-$639,900

TOTAL INVESTMENT,
2 LOCATIONS
$501,500 - $1.2 Million

TOTAL INVESTMENT,
​3 LOCATIONS
$739,800 - $1.8 Million

OTHER FEES
Royalty = 5%
National Ad Fund = Up to 3%
​Technology fee = 1/2%

Estimated Initial Investment

Type of Expenditure	Amount
Initial Franchise Fee	$39,900
Grand Opening Advertising	$5,000
Lease Deposit & First Month's Rent, Utilities	$4,300 to $6,000
Leasehold Improvements	$30,000 to $280,000
Furniture and Fixtures	​$10,000 to $20,000
Kitchen Equipment	​$100,000 to $120,000
Signage	$5,000 to $11,000 ​(This may increase if vehicle is wrapped)
Local, Construction and Engineering Licenses and Permits/Engineering and Design Drawings and Plans	$15,000 to $30,000
Technology/ POS System	$12,000 to $19,000
Legal/Accounting	$1,000 to $5,000
Insurance	​$8,000 to $10,000
Costs Incurred While Attending Training	$0 to $4,000
Supplies, Initial Food and Inventory	$5,000 to $7,000
Additional Working Capital (three months)​	$27,700 to $40,000
​Totals	​$263,200 to $639,900

Financial Requirements

SINGLE LOCATION
Total Investment: $263,200 - $639,900
Liquid capital: $78,900 - $191,970*
Net worth: $500,000 - $750,000
Credit Score: 700+
*(before financing)

TWO LOCATIONS
Total Investment: $501,500 - $1.2 Million
Liquid capital: $150,000 - $375,000*
Net worth: $750,000 - $2 Million +
Credit Score: 700+
*(before financing)

THREE LOCATIONS
Total Investment: $739,800 - $1.8 Million
Liquid capital: $246,600 - $600,000*
Net worth: $1.0 - $2.5 Million +
Credit Score: 700+
*(before financing)