The Brass Tap operates upscale beer bars offering a wide selection of craft, domestic, and imported beers, wines, and food. The franchise may also include cigar sales and carryout bottled beers where permitted.
Key Insights
- The Brass Tap began with a vision to create a neighborhood gathering place centered around a curated selection of craft beers and elevated pub fare. The business was established with a commitment to providing a welcoming atmosphere and a diverse beverage program, growing from its initial location into a recognized name.
- The franchise operates as a full-service restaurant and bar, offering an extensive draft beer selection, bottled beers, wine, and cocktails alongside a menu of appetizers, entrees, and desserts. Patrons can expect a social environment suitable for casual dining, after-work gatherings, and special occasions.
- Operating within the expansive and evolving hospitality sector, the business caters to consumer demand for unique beverage experiences and quality casual dining options. This industry segment attracts individuals seeking social entertainment and culinary exploration.
Franchise Fee and Costs to Open
Exploring the financial picture of The Brass Tap 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 $792,950 - $1,279,550, along with a franchise fee of $25,000 - $25,000.
Financial Performance and Revenue
Yearly gross sales of $1,319,839 and estimated earnings of $92,389 - $131,984 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 9.7-11.7 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
The Brass Tap provides comprehensive training for new franchisees. This initial program offers a deep dive into operations, lasting two weeks. Training is conducted at The Brass Tap's corporate headquarters, providing a hands-on learning environment. Franchisees are also provided with operational manuals and ongoing support resources to aid in their business journey.
Legal Considerations
Legal considerations for a The Brass Tap 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 franchise like The Brass Tap presents several considerations for franchisees. Navigating a local market with established or emerging craft beer bars and diverse dining options requires strategic positioning. Managing the multifaceted operations, from inventory control of a vast beverage selection to consistent food quality and service standards, demands diligent attention. Furthermore, reliance on specific distributors for craft beers and ingredients introduces a vulnerability to supply chain disruptions or changes in product availability.
Franchise Datasheet
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