How Can I Open a Twin Peaks restaurant?
Twin Peaks is actively seeking highly qualified restaurant developers and operators to become franchisee brand partners. Prior restaurant experience, coupled with sufficient financial resources, knowledge of your development area and a track record of success are important factors in our selection process.
How much money do I need to open a Twin Peaks restaurant?
The initial cost of building a Twin Peaks restaurant ranges from $1,309,800 – $2,365,900. This includes construction, furniture, fixtures, equipment, trade dress, working capital and certain other start-up expenses. Part of this investment is the initial franchise fee, which is $50,000. The total cost of each restaurant varies by size, age and location. Click here for a full breakdown.
What are the required qualifications to become a Twin Peaks franchisee?
Groups and/or individuals are required to display a minimum of $500,000 in liquid assets (per store), (e.g., cash, marketable securities, stocks) combined with an overall net worth of $1,500,000 per store to be developed to qualify. Financial requirements are based upon the number of restaurants in your development commitment and your ability to obtain financing from a third party.
How long does it take to open a Twin Peaks restaurant?
Each location is different, depending on a variety of factors, including site selection, build-out requirements, permitting and training. However, it typically takes approximately 9-12 months from signing the franchise agreement to opening day at your Twin Peaks restaurant.
What kind of training can I expect as a franchisee?
The franchise group’s control person and all management participate in a 6-7 week training program at the Twin Peaks Training Center located in Dallas, Texas. Additionally, we provide an opening training team to provide on-site pre-opening and opening training, supervision and assistance to you for a minimum of 14 days. Once completed, franchisees receive regular updates to their training, including on-site visits and operation reviews.
What are the site requirements for a Twin Peaks restaurant?
Restaurants are 6,000-8,000 square feet with outdoor seating and 150+ parking spaces. Prime locations that have excellent visibility and easy access are most desirable. In addition, sites should be located in high traffic areas with above-average daytime and residential demographics.
How much can I make as a Twin Peaks franchisee?
Your earnings capability will depend on a number of factors, such as your ability to manage your restaurant and lead your team, market conditions, location, traffic, operating costs and financing terms. Naturally, as in any business venture, there is no guarantee of success.
What are the average unit sales volumes of a Twin Peaks restaurant?
2012 average unit volumes for Twin Peaks stores open longer than a year is $4.1 million. To learn more about actual experiences, we will encourage you to speak with existing franchisees during our application process.
What is the term of the franchise agreement?
The initial term of your Twin Peaks franchise agreement is 15 years.
What is the availability for opportunities in my area?
Due to the overwhelming amount of interest in Twin Peaks franchises, we are only accepting applications from the best developers and operators in target markets. Currently, we are evaluating many new territories throughout the U.S. Contact our Franchise Development Department for availability in your trade area.
I’m interested in obtaining more information. What should I do next?
Note: This is not an offer to sell you a franchise. An offer can only be by the prospectus in the form of a Franchise Disclosure Document (FDD). This document will be presented to you at a meeting set up at your convenience. A new franchisee’s results may differ from the represented performance. There is no assurance that you will do as well and you must accept that risk. This offering is made by prospectus only.
This information is not intended as an offer to sell, or the solicitation of an offer to buy a franchise. It is for information purposes only. Currently, the following states and countries regulate the offer and sale of franchises:
In the U.S.: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington and Wisconsin.
International: Australia, Brazil, Canada (Alberta only), France, Indonesia, Mexico, Russia and Spain.
If you are a resident of one of these states or countries, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction.