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Franchise Fee
Our current franchise fee for a single unit is $50,000.00. Our Uniform Franchise Offering Circular (UFOC) always discloses the most up-to-date franchise fee.
Opening Cost
In addition to the one-time initial franchise fee, funds to build and outfit the location are required. These costs vary from location to location, but run between approximately $400K and $675K.
Royalty Structure
We have a fixed royalty fee structure. The current monthly royalty is $3,500.
Location Selection
The location of your site is a key factor in the potential for success. We provide you with guidelines and the assistance of a nationally recognized real estate site selection firm that will assist you in your location search. Once you have selected a site, we will review your selection. If it fails to meet our guidelines, we will assist you in refining your search until you find the most suitable approvable location.
Training Program
With your signed franchise agreement your program commences with our Vue Ultra Lounge® Pre-Opening Program as outlined in our Pre-Opening Manual. This program provides detailed guidelines for site selection and approval, location design and outfitting, staff selection, recruitment and training, local and Federal legal compliance, discovery and cultivation of supplier relationships, business promotion, and all the other required tasks to prepare for your successful Grand Opening.
Several weeks prior to the scheduled opening, you and your managers will attend our 10 day intensive school at Vue Central. During this time you will receive classroom instruction as well as hands-on training on all of the intricacies for managing and operating a successful Vue Ultra Lounge®. Topics include, among others: periodic (daily, weekly, monthly, etc.) procedures; staffing; sanitation, food and beverage management; financial management and controls; marketing; and more.
Once open for business, we will assign one of our Training and Operational Experts to locally assist you in preparing for a successful “soft” opening. Additionally, you will receive the marketing and operational support needed for your Grand Opening.
Training continues throughout the life of your franchise. We are committed to training you and your managers. We will also provide you with the necessary tools toward effective employee training.
Products
We assist you in locating local distributors for all products including alcoholic and other beverages and food. You will benefit from our buying power for many of these products and other supplies. Much of the necessary equipment and supplies can be ordered easily via our website. We also assist you in establishing procedures that result in cost effective purchasing.
Becoming a Franchisee
Step 1: Complete our Request for Consideration.
Once your completed Request for Consideration is received, we will contact you to provide answers your initial general questions. We will also seek additional information. If we both agree to move forward to step 2, you will receive our Uniform Franchise Offering Circular (UFOC).
Step 2: Uniform Franchise Offering Circular (UFOC) review.
Our UFOC discloses all of the necessary information to enable you to make an investment decision. Once you received it, we will conduct a second meeting to answer your questions and gather further information. If we both agree to move forward to step 3, you will be invited to visit our offices at Vue Central in Dayton, Ohio.
Step 3: Vue Central visit.
During this visit you will meet with our founders and other company executives. You will tour our facilities and our original site. We will answer your questions and gather more information from you. If we all agree to move forward to step 4, we will enter into a franchise agreement and your Pre-Opening Training Program will commence.
Step 4: Franchise Agreement Entry and Pre-Opening Program Commencement
The franchise agreement clearly describes the franchise relationship and the obligations and rights of each party. The franchise fee is paid upon the entry of this agreement. Upon signature of the agreement fee payment, the Pre-Opening Training Program commences.
Step 5: Pre-Opening and Opening
During this period we will assist you in selecting your site and building contractor. Our mandated Construction Management Company will work closely with you and your contractors toward building and outfitting your location. During this time you will also promote your business; select, hire and train staff; and attend our training program for the purpose of certifying you and your managers to operate a Vue Ultra Lounge® in your location. After training you will first have a soft opening until your staff is properly trained and sufficiently experienced to execute your Grand Opening.
*While we took great care in the preparation of this site, the information contained herein is believed to be accurate at the time of publication but is not warranted. For the most up-to-date and accurate information available, please contact Vue Central directly.
Please feel free to contact us: |
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| Telephone: 1-877-VUE-ULTR(A) 1-877-883-8587 |
by E-mail: franchise@vueultralounge.com |