FAQs

How much is the Franchise fee?

$50,000 for your first store. $25,000 for each subsequent store you open.

Does the Franchise fee include training and support?

Yes. Bono's requires two management personnel to complete our training program, In addition, Bono's will send five corporate trainers to assist you when your new store opens.

What is the monthly royalty fee?

Royalty fees are 4% of gross monthly sales, plus an additional 2% for marketing and development efforts.

Are you looking for single or multi-unit operators?

Bono's seeks Area Developers who are willing to have an exclusive development contract of a defined territory. The franchisee will have a negotiated number of stores which must be opened according to a development schedule agreed upon by both parties.

Will I own the territory?

Yes. We will not sell any other franchises in your given territory as long as you follow the agreed-upon development schedule.

What is the typical total investment?

The total investment ranges from $1.5 million to $2 million but the costs vary substantially depending upon the location and whether you build a freestanding restaurant or lease space.

Is there a minimum liquid net worth requirement?

Yes. You should have at least $500,000 in liquid assets (excluding primary residence) and the ability to borrow up to $1.5 million per location.

Do you offer financing assistance?

No. As the franchisee, you are responsible for obtaining your own financing.

Do I have to have restaurant experience?

Bono's strongly prefers that individuals or your franchise group have prior restaurant operating experience.