Restaurant-Bar-video
1- Concept
The District Video Lounge is a restaurant-bar concept, which has been very successful since the opening of the first location, on Ste-Catherine Street in Montreal. Since 2016, the company has increased its turnover by 20% per year and is already generating an interesting profit for its owners. The District Video Lounge stands out for its unique atmosphere and allows its customers to make special video requests that are shown on all of the establishment's giant screens.
The District Video Lounge is also the ideal place for the organization of private parties thanks to its concept of special video requests and its Karaoke system offer. International personalities and important organizations are part of our clientele,
We are looking for future franchisees for the regions of Montreal, Laval, South Shore of Montreal, Montérégie, Quebec and Mont-Tremblant. Experience in bars and restaurants is important but not essential, since you will benefit from significant support and support from our team, in all stages of the project.
2- Investissement initial
Franchise fees:
$ 70,000
Equipment and furniture:
$ 65,000
Lease and leasehold improvements:
$ 80,000 - $ 150,000
Initial inventory:
$ 10,000
Initial rent, insurance etc:
variable
Royalty fee:
Monthly (6% of gross sales per month)
Marketing:
Monthly (2% of gross sales per month)
3- Stages of execution
* Determine the location (2000 to 3000 square feet)
* Agreement in principle on the details surrounding the agreement
* Security deposit of $ 5,000 (refundable)
* Analysis of franchise documents
* Verification of the background of the future franchisee
*Signature
* Development and architectural plan
* Permit applications
*Beginning of the roadworks
* Training and certification