| 1. |
Willingness and ability to open single or multiple units over a defined period of time in a specific geographical area, (Area Development Agreement for multiple units). |
| 2. |
Minimum of 5 years experience in casual dining or (fast casual) as owner/operator. |
| 3. |
Have a proven record of having managed, developed or operated multi unit concepts. |
| 4. |
Minimum liquidity greater than or equal to $ 500K to $ 1 M per restaurant to be developed (i.e. cash reserves) |
| 5. |
Minimum personal/business net worth greater than or equal to $ 1 M for a single unit and $ 2 M or more for multiple units. |
| 6. |
Must have passion for the industry and strong belief in our concept. |
| 7. |
Ability to establish an infrastructure dedicated to the development of our brand. |
| 8. |
Have local knowledge and expertise in the areas of real estate, government regulations, labor law and supply chain. |
| 9. |
Have access to adequate capital to sustain the development of your ADA in the event your financial forecasts are not met. |
| Required Documentation and Procedures: |
| 1. |
Completed pre-qualification form via internet. |
| 2. |
The following additional information will be required following our acceptance of your pre-application.
- Completed Franchise Application
- Current personal financial statement and prior 3 years tax returns. |
| 3. |
Credit, business and personal references, two of each. |
| 4. |
Comprehensive detailed business plan for your requested ADA. |
| 5. |
Presentation by applicant of their development plan coupled with a question and answer session at the Eggspectation home office with the Executive Committee. |
| 6. |
Approval process and sign off by the Executive Committee. |
