The approximate investment range is between $302,195 to $375,225 for a single kitchen – the total cost of each unit varies by size and location. 1
Individuals will need a minimum of $100,000 liquidity in non-borrowed personal resources (liquid assets, e.g. cash, marketable securities, stocks etc.) along with an overall net worth (total assets minus total liabilities) of $350,000 and a good credit rating to qualify.
Assistance in financing your kitchen may be available to you directly from various third party lenders. We offer all franchisee funding assistance introductions. That’s just one way we utilize our resources to support our franchisees. Speak to the Taste Buds Kitchen Development Team for more information.
We are not able to provide profit projections due to restrictions from the Federal Trade Commission and various state franchise regulations. However, the following provides unaudited historical data for our 9 franchise locations that were open for 12 months or more as of 12/31/19, separated into the top 1/3, middle 1/3 and lowest 1/3 in 2019. The were 3 franchises in each 1/3.
We received self-reported expense data for 9 of these 9 locations. Based on that data, the average Gross Profit was 73% and the average Net Operating Income was 25%. Actual information is available in Item 19 of our 2019 Franchise Disclosure Document.
A love of food, families and fun is a must along with a strong comfort in the Kitchen but official chef and education training are not required. You will hire local instructors who are culinary experts to run your classes! In addition, we’ll teach you what you need to know about the industry and after that, practice makes perfect.
We are looking to open Kitchens in highly populated areas with many families and children. Our ideal Kitchen location is between 1,500-2,000 square feet, in commercial locations including retail areas and stand-alone facilities. You may rent or own your location. Our Director of Facilities and designated architect will work with you to find a great location for your Kitchen in your local community.
Our all-inclusive support and hands-on training is geared to help Franchise partners maximize our business model as you build and operate your Kitchen locations.
Our training program begins with our kick-off call and access to our proprietary TBK University on-demand which puts over eleven years of business management best practices at your fingertips—-anywhere, anytime! This is coupled with weekly support throughout your pre-opening period and a one-week comprehensive Events Training where you’ll focus on how to run exceptional culinary events at our Training Kitchen in Maryland.
Once open, franchisees receive continuing support, including on-demand support, quarterly newsletters, new material roll-outs, on-site reviews, and our annual owner’s Summit.
Each location is different, and the length depends on a variety of factors. However, it typically takes approximately 6-12 months from signing the Franchise Agreement to opening day at your Taste Buds Kitchen.
NOTICE REGARDING FRANCHISE OFFERS AND SALES. THIS INFORMATION IS NOT INTENDED AS AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, A FRANCHISE. IT IS FOR INFORMATION PURPOSES ONLY. THIS FRANCHISE IS OFFERED ONLY BY DELIVERY OF A FRANCHISE DISCLOSURE DOCUMENT TO YOU IN COMPLIANCE WITH THE FEDERAL TRADE COMMISSION’S RULE ON FRANCHISING AND VARIOUS STATE AND PROVINCIAL/TERRITORIAL FRANCHISE SALE LAWS. IN NEW YORK (USA), AN OFFERING OF A FRANCHISE CAN ONLY BE MADE BY A PROSPECTUS THAT HAS BEEN PREVIOUSLY FILED AND REGISTERED WITH THE DEPARTMENT OF LAW OF THE STATE OF NEW YORK. THE APPLICATION FOR REGISTRATION OF AN OFFERING PROSPECTUS OR THE ACCEPTANCE AND FILING THEREOF BY THE DEPARTMENT OF LAW AS REQUIRED BY THE NEW YORK LAW DOES NOT CONSTITUTE APPROVAL OF THE OFFERING OR THE SALE OF SUCH FRANCHISE BY THE DEPARTMENT OF LAW OR THE ATTORNEY GENERAL OF NEW YORK. THIS WEBSITE HAS NOT BEEN REVIEWED OR APPROVED BY THE CALIFORNIA DEPARTMENT OF BUSINESS OVERSIGHT. ANY COMPLAINTS CONCERNING THE CONTENT OF THIS WEBSITE MAY BE DIRECTED TO THE CALIFORNIA DEPARTMENT OF BUSINESS OVERSIGHT AT WWW.DBO.CA.GOV.
This information appears in Item 7 of our Franchise Disclosure Document issued in February 2020. You should review that Franchise Disclosure Document for a full discussion of this and other information.