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2011.03.14 EDA Packet
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2011.03.14 EDA Packet
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9/1/2017 12:10:42 PM
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9/1/2017 12:10:42 PM
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Commissions
Meeting Date
3/14/2011
Document Type
Agenda/Packets
Commission Name
EDA
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Ideal Candidate: <br /> • Individuals who want to control their own financial destiny in owning and operating their own business <br /> • Individuals who are established and active in their communities <br /> • Individuals as owner operators who take pride in their work and enjoy being personable <br /> • Individuals who understand the importance of friendly, gracious hospitality <br /> • Have the ability to demonstrate leadership <br /> • In true spirit of capitalism have a sharp eye for the bottom-line <br /> • Quick Service Restaurant(QSR) experience not necessary <br /> • Maid-Rite University education provides knowledge and hands on experience <br /> • Have an eye for operating a spotlessly clean, food safe restaurant that extends friendly hometown <br /> hospitality to each and every customer <br /> Competitive Advantage: <br /> • No other restaurant serves the popular one of a kind Maid-Rite sandwich that Maid-Rite is famous for <br /> • Maid-Rite's average customer ticket size of$5.95 is an affordable choice for consumers. <br /> • Maid-Rite's all inclusive cost of$250,000 to $300,000 to open a 1,250 to 1,500 sq. ft. restaurant or <br /> $300,000 to $350,000 to open a 1,500 to 1,800 sq. ft. restaurant is most affordable for franchisees <br /> • Convenience Stores, Mall Food Courts and Truck Stop in the 750 to 900 sq. ft. range have an all inclusive <br /> cost of$175,000 to $200,000 <br /> Role of Franchisee: <br /> • To become knowledgeable through the training provided at Maid-Rite University to understand how to <br /> properly manage the Maid-Rite Diner in overseeing the employees to uphold the Maid-Rite high <br /> standards of service excellence, food safety and in extending friendly, hometown hospitality to each and <br /> every customer <br /> Industry Overview: <br /> • Among quick serve casual dining restaurants Maid-Rite is an "icon" among its loyal customers who have <br /> been enjoying Maid-Rites since 1926 <br /> Additional information: <br /> • Maid-Rite assists its franchisees in the preparation of the Business Plan for their new Maid-Rite <br /> consisting of the following information: <br /> • Site Analysis Report • Cash Flow Breakeven Analysis <br /> • Competition Survey Projections <br /> • Menu to be Served in your Maid-Rite • Source and Use of Funds Statement <br /> • Floor Plan Design Layout • Margin Pricing Analysis Report <br /> • Itemized Furniture and Equipment Cost • Training Plan <br /> Estimates • Marketing Plan <br />
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