If you are looking for a second source of income, you have just made a step in the right direction for a stable profit and socially demanded business. At Astoria, offer you transparent and long term conditions which are constructed to suite your interests. We ask you to send us your requirements to our representatives.
Q: How Can I Open an Astoria restaurant?
Astoria is actively seeking highly qualified restaurant investors and operators to become franchisees and partners. We are looking for investors with prior restaurant experience, sufficient financial resources. Knowledge and connections with the community of your area are important factors in our selection process.
Q: What are the financial requirements to open an Astoria restaurant?
The initial cost of building an Astoria restaurant ranges from $150,000 – $250,000. This includes construction, furniture, fixtures, equipment, legal fees, working capital and other expenses. Part of this investment is the initial franchise fee, which is $25,000. The total cost of each restaurant varies by size and location.
Q: What are the qualifications to become an Astoria franchisee?
Individuals or groups are required to show a minimum of $200,000 in liquid assets per store, (e.g., Cash, marketable securities, stocks) combined with an overall net worth of $300,000 per store to qualify. In addition, we are looking for individuals or groups for territory development rights in any part of the United States. You must have the resources necessary to develop a territory and the financial requirements are based upon the number of restaurants in your area.
Q: How long does it take to open an Astoria restaurant?
Based on our experience each location is different and depends on a variety of factors including site selection, construction, permissions and training. It typically takes approximately 5-7 months from signing the franchise agreement to opening day. However, as you gain experience, the development time should be reduced for other units.
Q: What kind of training can I expect as a franchisee?
The franchise group’s control person and all management participate in a 5 weeks training program at the Astoria 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 2 weeks. Once completed, franchisees receive regular updates to their training, including on-site visits and operation reviews.
Q: What are the site requirements for an Astoria restaurant?
Restaurants are 15,000-2,000 square feet. 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.
Q: How much can I make as an Astoria franchisee?
Net Profit can vary a lot depending on a number of factors such as the business skills and drive of the franchisee, market conditions, the local economy and the quality and makeup of a particular shopping center or mall. You will have a chance to speak with our current Astoria Franchisee and learn from their experiences with the business.
Q: Once I become a franchisee, will I be operating myself?
No, in addition to the initial training programs, we provide ongoing support through our Operations Manual, SOPs and direct access to a Franchise Business Development Manager who is experienced in all aspects of Astoria restaurant operations and management. In addition, our online portal provides the most current information and updates that are important to your daily operations.
Q: What are the average unit sales volumes of an Astoria restaurant?
2014 average unit volumes for Astoria stores open longer than a year is $1 million.
Q: What is the term of the franchise agreement?
The initial term of your Astoria franchise agreement is 5 years.
Q: What is the availability for opportunities in my area?
Due to the overwhelming amount of interest in Astoria franchises, we are only accepting applications from the best investors and operators in the cities. Currently, we are evaluating many new cities throughout the U.S. Contact our Franchise Development Department for availability in your City.