Zoup! Eatery Franchise
To buy a franchise with Zoup! Eatery, you'll need to have at least $150000 in liquid capital and a minimum net worth of $500000. Zoup! Eatery charges a franchise fee of $39900. They also offer a discount for veterans.
Franchisor Details
Total Units: 80
Year Founded: 1998
Franchising Since: 2003
Home Office: Southfield, Michigan
Training: Available
Locations Available: See Below*
Franchise Costs
Liquid Capital Required: $150,000
Net Worth Required: $500,000
Total Investment: $357,900 – $650,500
Franchise Fee: $39,900
Royalty Type: 6% - 2.5% (sliding scale)
Vetern Discount: Yes
*Zoup! Eatery is currently accepting inquiries from the following locations: Colorado, Connecticut, Delaware, District Of Columbia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Values & History
Since 1998 Zoup! has led the soup-differentiated category of Fast-Casual dining experiences by offering a star lineup of 12 daily soups and made-to-order sandwiches. Inspired by the discoveries made while building their first company, which made soup and spice mixes for restaurants, the founders sold their budding business and teamed up with a top chef, spending nearly two years creating and testing their recipes. The first location was opened in Southfield, MI, a suburb of Detroit, in 1998, and the success of the model was confirmed. Over the next four years, the founders continued to refine their recipes and added sandwiches and salads made with fresh ingredients to the menu, opening five more locations in the Detroit area and sharing its successful model with franchisors. Today, more than 100 locations are in operation.
Industry Performance
Fast-casual dining is quickly becoming one of the fastest-growing market segments in the restaurant sector throughout the US. Fast-casual dining chains continued to increase sales over the last year, generating more than $42.2 billion in US sales in 2018, up 8% from the prior year. Market growth outpaced the rest of the industry by a significant margin.
Training & Support
The Zoup! Eatery team works with each franchise owner to assist in real estate selection, store layout, and design. Build out averages 4-6 months, and Zoup! Provides all initial training for operations over the course of 15 days. Training takes place at the business and company stores, with onsite training five to ten days before and after the Grand Opening. A variety of ongoing support options are also in place.
Ideal Candidate & Qualifications
The best Zoup! Eatery franchise candidates will be spirited entrepreneurs able to adopt a passion for the Zoup! Culture. Strong leadership skills are essential, and the ability to motivate employees is key to business success. Someone who enjoys working with people would be ideal, while solid organizational skills and management experience are absolutely necessary for successfully training employees and management staff.
Purchasing a Zoup! Eatery Franchise
Zoup! Eatery franchise owners will need a minimum net worth of $350k, with access to at least $130k in liquid funds. The total investment expected is between $355,900 and $648,500 with third-party financing options available for those who qualify. Single locations will incur a franchise fee of $39,900, with an additional per-unit fee of $20k each. Zoup!'s weekly royalty fee is 6% of gross sales and covers infrastructure, training, and routine visits to your location.
