To buy a franchise with Crafthouse, you'll need to have at least $300000 in liquid capital and a minimum net worth of $1000000.
Total Units: 3
Year Founded: 2017
Franchising Since: 2018
Home Office: Fairfax, VA
Locations Available: See Below*
Liquid Capital Required: $300,000
Net Worth Required: $1,000,000
Total Investment: $818,250 – $1,563,500
Franchise Fee: N/A
Royalty Type: 5% of Net Sales
Vetern Discount: -
*Crafthouse is currently accepting inquiries from the following states: Alabama, Florida, Georgia, Kentucky, Maryland, Michigan, North Carolina, Ohio, South Carolina, Tennessee, Texas, Virginia
Values & History
CEO Evan Matz opened the first Crafthouse restaurant in Arlington, VA in 2012, adding a second location in 2014 and a third in 2016. Drawing on 30 years of experience in the service industry, including accounting, taxation, client relations, and business development practices, Evan's commitment to excellence allows him to effectively manage and direct operations efficiently while consistently exceeding organizational objectives. Today the Crafthouse home office is located in Fairfax, VA, with franchise opportunities available since 2018.
Sales for the restaurant industry reached $863 billion in 2019, representing 4% of the country's GDP. With over a million open locations in the US, the restaurant industry employs around 15.3 million people, and that number is expected to grow by more than 1.6 million by 2029. Approximately 9 in 10 restaurant managers started out at entry-level, and 7 in 10 are single-unit operations. With 45% of diners going out to eat multiple times per week and another 20% going out to eat once a week, the restaurant industry comprised 51% of the family food dollar in 2019.
Training & Support
Crafthouse provides real estate guidance and assistance in the construction of prospective sites, as well as recommendations during lease negotiations to ensure the best deal possible for franchisees. All franchise owners receive comprehensive training in Crafthouse operations. Prior to opening a team of training staff will arrive at your location to help prepare and train your staff while providing guidance on Crafthouse products and use of the POS, as well as best practices for guest service and general staff duties. Complete marketing plans for each location are provided, along with statistics and analysis for competition and key demographics to heighten success. Crafthouse Franchising will provide continual support for all aspects of business operation.
Ideal Candidate & Qualifications
Crafthouse is seeking qualified candidates who can deliver on the high standards of service excellence promised by the brand. Franchise owners should be people who can build relationships while maintaining a high level of motivation for business success. Natural team leaders with an interest in unique investment opportunities are ideal, and candidates should be prepared to make a full-time investment in the management and operation of their new business to promote success.
Purchasing a Crafthouse Franchise
Crafthouse is offering Multi-Unit and Single-Unit franchise opportunities across the US to qualified investors, groups, and individuals. Owners will need $300k in liquid capital and a net worth of $1 million. Franchise fees for each location run $36k, with a total investment of between $818,250 and $1,563,500. Crafthouse requires a 5% royalty on net sales for use of the brand. Qualified candidates will have access to third-party financing.