Frequently Asked Questions
Q. How much equity (cash) is required?
A. In Quebec, you will need between $175,000 to $225,000 of unencumbered cash. In the rest of Canada, you will need between $200,000 to $250,000.
Q. What is the cost of a Ben & Florentine restaurant?
A. In Quebec, the purchase of a turnkey Ben & Florentine restaurant ranges from $450,000 to $550,000. In the rest of Canada, the cost ranges from $525,000 to $625,000. Certain factors such as local labour & material cost, condition of the space to be leased, landlord’s contribution towards leasehold improvements & the like, determine the final cost.
Q. Does Ben & Florentine Restaurants Inc. provide financial assistance?
A. Ben & Florentine Restaurants Inc. does not provide financing for franchisees, however we will help you prepare a detailed application for financing which will assist you in obtaining the required level of financing.
Q. What is the initial Franchise Fee?
A. The initial Franchise Fee is $30,000 & the services provided prior to opening include:
- Site selection based on proven selection criteria
- Professional supervision of all interior & exterior construction
- Design & specifications according to the Ben & Florentine model
- Professional assistance with all pre-opening activities, including national purchasing, coordination with suppliers, municipalities & trades
- Use of concept trademarks, logos & proprietary products & services
Q. How much is the Royalty fee?
A. The Royalty fee is 5% of gross sales paid weekly.
Q. What do I get for this fee?
A. The Royalty fee allows you to benefit from such ongoing services as:
- Continued support & operational guidance
- Assistance in monitoring hygiene & food safety
- Monthly B&F newsletter
- Quality control
- Use of the Ben & Florentine logos & trademarks
- Centralized suppliers & distribution
- Use of confidential operational manual
- Continuous research & development
Q. What is the advertising fee?
A. The advertising fee is 2% of gross sales paid weekly.
Q. As an investor, do I also have to operate the restaurant?
A. For all independent owner/operator locations, Ben & Florentine Restaurants Inc.’s policy is that one of the partners with at least 25% equity participation complete our training program & be responsible for the day-to-day operation of the restaurant.
Q. Do I receive any training?
A. Ben & Florentine Restaurants Inc. ensures our franchisees have the opportunity to learn the basic skills necessary to successfully operate their restaurant.
- The owner/operator follows six (6) weeks of training. (Theoretical & Practical)
- Grand opening training & assistance for two (2) weeks
Q. I am interested in pursuing a Ben & Florentine franchise. What is my next step?
A. Please fill out the application form. We will assess the information provided & someone from our team will contact you shortly.