Taffer's Tavern is a full-service, casual dining restaurant offering a variety of entrees, appetizers, and a full bar. The franchise focuses on delivering high-quality food and drinks in an innovative, ventless kitchen environment.
Key Insights
- Taffer's Tavern was established by a well-known hospitality expert, building on decades of experience in revitalizing struggling establishments. The franchise offers a distinct brand identity and operational model focused on delivering consistent quality and memorable guest experiences within the casual dining and bar sector.
- The business operates as a full-service tavern, featuring a carefully curated menu of elevated comfort food and craft beverages. The operational framework emphasizes efficiency, technology integration, and staff training to ensure a streamlined and profitable venture for its partners.
- This venture is positioned within the dynamic and resilient casual dining and bar industry. Taffer's Tavern aims to capture market share through its innovative approach to service, menu development, and operational excellence, providing a compelling opportunity for growth.
Franchise Fee and Costs to Open
Exploring the financial picture of Taffer's Tavern gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $807,000 - $1,341,000, along with a franchise fee of $50,000 - $50,000.
Financial Performance and Revenue
Yearly gross sales of $2,748,841 and estimated earnings of $192,419 - $274,885 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 5.1-7.1 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Taffer's Tavern provides comprehensive training and resources for new franchisees. Initial training, lasting two weeks, takes place at a designated Taffer's Tavern location. The franchisor offers extensive operational guidance and marketing support. Taffer's Tavern provides access to established vendor relationships and proprietary technology.
Legal Considerations
Legal considerations for a Taffer's Tavern franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Operating a Taffer's Tavern franchise involves navigating a competitive local market, requiring a strong understanding of regional dining preferences to stand out. The model's emphasis on specific operational procedures demands consistent execution to maintain brand standards, while a reliance on particular suppliers necessitates robust supply chain management to ensure ingredient availability and quality.
Franchise Datasheet
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