Red Robin Franchise Opportunities
Red Robin franchise represents the business with up to 80 years of experience in restaurant services. The mission is to make the food fresh, the atmosphere fun, and the visitors smile. The restaurant offers the finest burgers, appetizers, entrees, soups, and sides for sale. Red Robin restaurant franchise enables good opportunities for fast growth due to an interesting concept. When a franchisee starts a Red Robin burger restaurant franchise, they are assisted by the franchisor at every stage which makes the process easier. How to open the Red Robin franchise? Read cost and profit totals, royalty fees, Red Robin franchise requirements, other investment information and apply.
How to open a Red Robin franchise?
- Ensure you have adequate capitalization.
In order to open a Red Robin restaurant franchise, you must have a net worth of more than $100,000. - Appreciate the investment required for a restaurant franchise.
You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc. - Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a Red Robin franchise owner. - Assess market availability.
You will want to look at the market availability for Red Robin franchises and see if there are available markets in your location of interest before proceeding with the franchising application. - Submit your application.
Your application will be reviewed by the Red Robin franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner. - Receive approval & opening your Red Robin franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
How much does Red Robin franchise cost?
Red Robin has the franchise fee of up to $35,000, with a total initial investment range of $1,865,000 to $4,115,000.
Initial Investment: $1,865,000 - $4,115,000
Net-worth Requirement: $100,000
Ongoing Fees
Initial Franchise Fee: $35,000
Ad Royalty Fee: 5%
Initial Investment and Startup Costs
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $35,000 | $35,000 |
| Real Estate | Variable | |
| Small wares & Supplies (e.g. dishes, silverware, other utensils; paper, cleaning, & office supplies etc.) | $40,000 | $50,000 |
| Initial Inventory | $25,000 | $35,000 |
| Pre-Opening Expenses (legal, accounting, personnel & training related expenses, utility deposits, licenses, and other prepaid expenses) | $150,000 | $250,000 |
| Annual Insurance Premium for first year’s coverage (building, contents, liability, umbrella and Workers’ Compensation insurance) | $50,000 | $75,000 |
| Liquor License | Variable | |
| Site Work | $75,000 | $500,000 |
| Pre-construction, Due Diligence, Design Costs, Permits | $0 | $400,000 |
| Building Construction Costs | $800,000 | $1,500,000 |
| Furniture, Fixtures, Décor Items and Equipment | $550,000 | $950,000 |
| Exterior Signage | $40,000 | $120,000 |
| Additional Funds – 3 months | $100,000 | $200,000 |
| ESTIMATED TOTAL (excluding real estate and liquor license) | $1,865,000 | $4,115,000 |
Red Robin website: https://www.redrobin.com/
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Starting investments from:$1,865,000
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Company type:Restaurant
- Company foundation year:1969
- Year of launching the franchise:1979
- Franchise enterprises:575
- Corporate Address:Greenwood Village, Colorado