16 frequently asked questions answered with data from the 2022 Franchise Disclosure Document.
The total initial investment to open a Modern Market Eatery franchise ranges from $729K to $1.4M (2022 FDD). This includes the franchise fee, equipment, build-out, inventory, and working capital needed before opening.
View full investment analysisThe initial franchise fee for Modern Market Eatery is $40K (2022 FDD). This one-time fee is paid to the franchisor when signing the franchise agreement and covers the right to use the brand, systems, and initial training.
View full investment analysisData sourced from the Modern Market Eatery 2022 Franchise Disclosure Document (FDD). Always review the most current FDD and consult with a franchise attorney before making investment decisions.
No, Modern Market Eatery does not require franchisees to have dedicated real estate (2022 FDD). This can significantly reduce startup costs and ongoing overhead.
View full investment analysisModern Market Eatery charges a royalty fee of 5.0% of gross sales (2022 FDD). This ongoing fee is typically paid weekly or monthly to the franchisor for continued use of the brand and support systems.
View full fees analysisThe total ongoing fee rate for a Modern Market Eatery franchise is approximately 6.0% of gross sales (2022 FDD). This includes the royalty fee, a 1.0% marketing/advertising fund contribution, and other recurring charges.
View full fees analysisModern Market Eatery has been involved in 0 litigation cases over the past 3 years (2022 FDD). There are no class action lawsuits pending.
View full litigation analysisNo, the Modern Market Eatery franchisor has no bankruptcy filings in their disclosure history (2022 FDD).
View full litigation analysisModern Market Eatery offers protected territory rights to its franchisees (2022 FDD). The franchise agreement includes encroachment protection, preventing the franchisor from placing another unit in your territory. Online sales rights are shared between the franchisor and franchisee.
View full territory analysisModern Market Eatery currently operates 25 locations (2022 FDD) (0 franchised, 25 company-owned). The system grew by 0.0% over the past year. The 3-year compound annual growth rate is -1.3%.
View full growth analysisThe 1-year franchisee turnover rate for Modern Market Eatery is 0.0% (2022 FDD). This includes closures, terminations, non-renewals, and transfers. A lower turnover rate generally indicates higher franchisee satisfaction and system stability.
View full growth analysisAccording to the Modern Market Eatery FDD Item 19 financial performance representation (2022 FDD), the median gross sales per unit is $2.2M (average: $2.4M).
View full financials analysisThe initial franchise agreement term for Modern Market Eatery is 10 years (2022 FDD). Franchisees can renew 1 time for 10-year periods. The total potential term is 20 years.
View full contract analysisModern Market Eatery's post-termination non-compete clause restricts former franchisees from operating a competing business for 2 years within 3 miles of the former location (2022 FDD).
View full legal analysisNo, Modern Market Eatery's franchise agreement does not require mandatory arbitration (2022 FDD). Disputes may be resolved through litigation. The agreement includes a jury trial waiver.
View full legal analysisModern Market Eatery provides 360 hours of initial training over approximately 7 weeks (2022 FDD). The cost of training is covered by the franchisor (travel and lodging are typically the franchisee's responsibility). Ongoing field support is provided on a as-needed basis.
View full support analysisYes, Modern Market Eatery provides site selection assistance to help franchisees find the right location (2022 FDD). The franchisor also provides technology support and systems.
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