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TRAINING OFFERED
Training and Assistance: Before the opening of the Shakey's restaurant, the franchisee and their management team will be required to successfully complete the management training program. A management team consists of at least 3 management people who will be in a "hands on" role on a daily basis in the restaurant. The management training program is a combination of classroom style and hands on training over an 8-week period. The management training program will be offered as needed at or near the franchisors’ corporate headquarters located in Alhambra, California. Hands-on training will be conducted in a certified Shakey's training location.
The franchisor will provide on-site assistance, for a period of no less than 7 days, some of which may be pre-opening and some after the restaurant opens to the public.
The franchisor will help with site selection as well as plans and specifications for the restaurant. The franchisor will also assist the franchisee in preparing development guidelines and periodically inspect the site during development.
QUALIFICATIONS REQUIRED BEYOND FINANCING
Shakey’s Franchise Financial Investment:
Php 8, 000, 000 to Php 10, 000, 000 is the financial requirement depending on the size of the store, location, and other factors. Agreement will be 10 years and renewable for 5 more years.
FRANCHISE FEE
AVERAGE START-UP COST
- Initial investment : $584,000 - $2,035,000.
This includes;
- Initial franchise fee ($35,000)
- Architectural & Engineering ($20,000 - $30,000)
- Inventory & supplies ($10,000 - $20,000)
- Smallwares ($25,000 - $35,000)
- Licenses and permits ($5,000 - $15,000)
- Real state and lease deposits ($10,000 - $25,000)
- Equipment, furniture, decor and signage ($240,000 - $500,000)
- Construction of leasehold improvements ($220,000 - $1,300,000)
- Games ($0 - $125,000)
- Grand opening advertising ($25,000)
- Additional funds - 3 months ($20,000 - $50,000)
*Construction costs vary, depending on the geographic are and site preparation necessary.
$35,000
ROYALTY FEES
Royalty fee of 5% of gross sales is to be paid, as well as advertising fund of not exceeding 5% of the gross sales.
DETAILED DESCRIPTION OF PRODUCTS AND SERVICES
Shakey’s believes its superior value arises from its ability to serves its guest with different menu offerings and high-quality products.
COMPANY BACKGROUND AND HISTORY
CURRENT NO. OF FRANCHISE IN EXISTENCE
The history of Shakey’s Pizza Parlor begins in 1954, when Sherwood “Shakey” Johnson opened the first Shakey’s Pizza Parlor in a remodeled grocery store on 57th and J Street in Sacramento, California. Originally established as “Ye Public House” for pizza and beer, Johnson indulged his passion for Dixieland jazz and added live ragtime music to mix, featuring banjos and player pianos throughout his rapidly expanding franchise. As the concept caught on, the Shakey’s name became synonymous with the World’s Greatest Pizza along with light-hearted slogans such as “You’ll have fun at Shakey’s, also pizza,” and “You can feed your face at any old place, but you can warm your heart at Shakey’s.” For 60 years, Shakey’s has provided fun, food, music and memories for generations of pizza lovers. We believe in family at Shakey’s.
To date, 500 Shakey’s restaurants are strategically located all over the world. Pizzas being the most popular dish it serves, people love the thin crust version, crispy, with a succulent taste of hand tossed pizza.
CORPORATION INFORMATION
Bakemasters Inc. is a Philippine company engaged in manufacturing and distribution of fresh, frozen, par baked and baked bread, pastries, cakes and other confectionary items to Shakeys franchise owners and company owned stores.
Shakey’s International Limited is a Hong Kong based company holding the trademark rights of the Shakey’s trademark for countries in the Middle East, Asia, Australia and Oceania.
Golden Gourmet Limited is a Hong Kong based company owning a certain trademark and brand rights over Shakey’s operations in the Philippines.
Shakey’s Seacrest Incorporated is a recent subsidiary formed on June 2016 to serve as the vehicle for holding certain other trademarks and intellectual properly rights in the future.
RANKING ACCORDING "ENTREPRENEURS FRANCHISE 500"
According to Entrepreneurs Top 500
• 2008 – 454
• Not all years were ranked
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