Does the Halal Guys Franchise Cost too much for Starting Entrepreneurs?
The Halal Guys franchise is a fast food restaurant that offers trademark meats and sauces over rice. As well as other popular American roadside foods primed to Halal principles for dine-in and take-out.
All About Halal Guys
The Halal Guys’ story begins in 1990.
When three Egyptian entrepreneurs opened a hot dog cart in New York City. They are Ahmed Elsaka, Mohammed Abouelenein, and Abdelbaset Elsayed.
Then they switched to selling halal food.
Because there was almost no genuine halal food in the metroplex. The distinctive American Halal Food they provide became well-known.
Its fan base quickly grew to include Muslim taxi drivers.
They made the cart on 53rd and 6th Avenue in Midtown their new spot for fresh, tasty halal food at fair rates.
These same cabbies helped promote awareness about the brand. Talking about it to a much bigger, more diverse population of visitors and residents.
They convinced tourists looking to try new and exotic tastes, textures, and flavors.
As a result, when asked Siri on an iPhone, The Halal Guys was both the most Yelped eatery and the top diner in New York City in 2017.
After opening to a franchise model in 2014, Halal Guys has grown to be the boss of the American Halal Segment in just three decades.
They presently have 100 stores and over 400 eateries worldwide.
However, their success does not stop there.
They still want to expand with prospective buyers who are dedicated to maintaining the company’s brand.
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Halal Guys Franchise Cost
To start a Halal Guys franchise, you must have eatery industry experience.
$1.00 million in current assets, and a net worth of $1,550,000.
Depending on the location and other factors, the overall value ranges from $370,150 to $1,317,550.
You must also pay a 6% royalty fee. Be prepared to pay a $60,000 initial franchise fee, which is significantly greater than other food deals.
Franchisees of The Halal Guys gain from extensive training and support structures that aim to boost value creation and operating excellence.
They provide the following services to franchisees:
1. Use of well-known brand names and trademarks
2. Marketing and brand development
3. Access to specialized recipes (including sauces) and gourmet foods
4. Site selection in real estate
5. Building and store fit-out
6. Franchisee, supervisor, and staff training
7. Support for operations and project planning
8. Choosing a vendor and equipment
9. Business consulting
10. Pre-opening and grand opening assistance
How Much do Halal Guys Franchise Owners Make?
A halal guy franchisee can earn $1,898,117 in profit from $8.00 million in total revenue.
This is according to a financial statement from the 2019 FDD. That amounts to 23.72% of the restaurant’s overall income.
A restaurant’s average net profit is actually 3-6%. Bear in mind that the figures in this sentence do not actually reflect Halal Guys’ overall results.
Halal Guys’ revenue growth is determined by a number of aspects.
It could be the restaurant’s expenditures and the efficiency of the advertising strategy. Including the placement, the demand for the services themselves, and other factors.
Advantages of Halal Guys Franchise
One of the obvious benefits of becoming a Halal Guy franchisee is the ample options for success.
As a franchisee, you must build at least 5 units of this well-known brand. This option comes with exciting benefits, which are detailed below:
Generate Customers for Your Eateries
Halal Guys has already established a loyal clientele due to its renowned recipes. They listened to the suggestions of folks who have enjoyed their famed foods.
That’s why it was able to rise to fame and achieve phenomenal success as one of the fastest-growing franchises.
Based on where you intend to open, the brand name already suffices to attract customers.
Safe Marketing Strategies
Using trial-and-error methods can be dangerous, especially when you’re just starting out.
Halal Guys relieves you of this burden by supplying you with validated marketing. Including reliable suppliers, a popular menu, and many other benefits.
Access to the Franchisor’s Entrepreneurial Support
Halal Guys is dedicated not only to the company’s growth. But also to the success of each member of its franchising community.
As a franchise owner, you can increase efficiency and company worth. You do this by engaging in the company’s extensive training and support system designs.
The assistance includes, but is not restricted to, the following:
- Marketing and branding strategies.
- Training for franchisees, supervisors, and staff.
- Operations and program delivery support.
- Consultancy services, and many other services.
Final Words
The Halal Guys Franchise is not for the faint of heart.
However, if you’re willing to take the risk, it can be worthwhile. Running a restaurant is a heavy investment, and managing multiple locations can be difficult.
But if that has always been your dream and you are ready for it, there is no reason to question yourself.
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