Everbowl Franchise in 2024: Costs, Fee & FDD
Discover the potential of investing in Everbowl, a fast-growing franchise in the health-focused dining sector. Learn about its market demand, investment costs, and key factors impacting profitability. Dive into the full analysis now!
Table of Contents:
Everbowl was founded in 2016 by Jeff Fenster with a vision to make healthy eating both accessible and enjoyable. Jeff, a serial entrepreneur with a knack for innovative concepts, aimed to create a brand that resonated with the growing trend of health-conscious consumers. Everbowl quickly became a standout in the fast-casual industry, known for its emphasis on ancient superfoods and a lifestyle that promotes wellness. The franchise’s fresh take on fast food, coupled with its commitment to quality, has made it a significant player in the market.
The core of Everbowl’s offering is its customizable bowls, which allow customers to build their own meals using a base of superfoods like açaí, pitaya, graviola, and acerola. These bases are complemented by a variety of fresh fruits, granola, and other nutritious toppings, offering endless possibilities to suit individual tastes and dietary needs. This flexibility appeals to a wide range of customers, from fitness enthusiasts looking for a post-workout boost to busy professionals seeking a quick, healthy meal. The brand’s focus on transparency and ethically sourced ingredients also attracts a younger demographic that values sustainability and wellness.
Everbowl has grown impressively since its launch, with over 50 locations spread across the United States. The brand continues to expand, capitalizing on the increasing demand for healthy, convenient dining options. Everbowl serves a diverse daily customer base, reflecting its broad appeal. While the franchise is currently focused on domestic growth, its unique concept and strong market presence suggest potential for international expansion in the future.
Franchisees benefit from a comprehensive support system that includes extensive training in all aspects of the business. New owners are guided through the essentials of daily operations, marketing strategies, and staff management, ensuring they are well-equipped to run their locations successfully. Everbowl also provides ongoing support, including assistance with supply chain logistics and continued staff development. The franchise’s commitment to community engagement further strengthens the brand, encouraging franchisees to become active, positive forces in their local areas.
Everbowl Franchise Insights
- Everbowl has grown to over 50 locations across the United States in just a few years, showcasing its rapid expansion and strong market demand.
- Everbowl’s commitment to sustainability, including ethically sourced ingredients and eco-friendly practices, resonates strongly with the younger, eco-conscious consumer demographic.
- The brand’s focus on ancient superfoods like açaí and pitaya taps into the growing superfood trend, ensuring continued relevance in the market.
Everbowl Franchise Key indicators
Growth YOY (%)
34%
vs industry 0%
Total U.S. Franchised Units
72
3-Year Failure Rate
20%
vs industry 10%
Total Investment
$214K-$476K
How much does it cost to open an Everbowl franchise?
Understanding the potential investment size and capital requirements is crucial when considering opening an Everbowl franchise. These financial commitments, including initial franchise fees, equipment costs, and ongoing operational expenses, impact the feasibility and profitability of the venture. Thoroughly evaluating these factors ensures that potential franchisees are prepared for the financial responsibilities and can make informed decisions about their ability to sustain and grow the business, ultimately contributing to long-term success.
Min & Max Investment
Opening an Everbowl franchise involves several key costs, which are outlined in Item 7 of the Franchise Disclosure Document (FDD). You can see a breakdown of the costs to open an Everbowl below from the most recent Item 7 below:
| Type of Expenditure | Minimum Investment | Maximum Investment |
|---|---|---|
| Initial Franchise Fee | $37,500 | $37,500 |
| Site Survey Fee | $3,500 | $3,500 |
| Architect and Engineer Fees and Related Permits | $8,000 | $25,000 |
| On-Site Evaluation and Leasehold Improvements | $20,000 | $150,000 |
| Store Build Kit and Installation Cost | $71,000 | $85,000 |
| Furniture, Fixtures & Equipment | $20,000 | $50,000 |
| Operation Kits | $3,500 | $3,500 |
| Branded Merchandise and Employee Uniforms | $1,250 | $4,000 |
| Point-of-Sale System | $3,500 | $3,500 |
| Exterior Signage | $2,000 | $12,000 |
| Rent (3 Months) | $6,000 | $21,000 |
| Travel & Living Expenses While Training | $3,000 | $7,000 |
| Security Deposits | $2,000 | $10,000 |
| Professional Fees | $1,000 | $5,000 |
| Licenses and Permits | $1,000 | $6,500 |
| Insurance | $1,200 | $4,000 |
| Grand Opening Advertising | $10,000 | $10,000 |
| Opening Inventory | $3,500 | $5,000 |
| On-site Opening Assistance | $2,590 | $6,250 |
| Additional Funds (3 Months) | $13,000 | $27,000 |
| Total | $213,540 | $475,750 |
Item 7 in the Franchise Disclosure Document (FDD) is the “Estimated Initial Investment” section. It outlines the total costs a franchisee can expect to incur when starting a franchise, including the initial franchise fee, equipment, inventory, real estate, and other startup expenses. This section is crucial because it provides potential franchisees with a detailed understanding of the financial commitment required, helping them assess affordability and plan their investment strategy effectively.
Required Capital
For a franchise like Everbowl, the required capital, liquid assets, and net worth can vary depending on the location and market conditions, but I can provide some general estimates based on industry standards.
- Initial Investment The total initial investment required to open an Everbowl franchise typically ranges between $214,000 to $476,000. This estimate includes costs like franchise fees, real estate, construction, equipment, and initial inventory. Assuming you can obtain financing, you should plan to invest 20% of the total investment in the form of equity (cash).
- Liquid Assets Franchisees generally need to have liquid assets of at least $100,000 to $150,000. This is important for covering upfront costs and maintaining sufficient cash flow during the initial stages of the business.
- Net Worth A prospective Everbowl franchisee is usually expected to have a minimum net worth of around $250,000 to $500,000. This figure reflects the financial stability required to support the franchise and its operations.
These figures are estimates based on typical fast-casual restaurant franchises and might vary for Everbowl specifically. It’s always a good idea to consult directly with Everbowl’s franchise development team or a franchise consultant for precise information tailored to your situation.
How much does a Everbowl franchise owner make?
Calculating the salary of a Everbowl franchise owner involves analyzing gross sales to determine total revenue, assessing operational efficiency to understand profit margins, and accounting for franchisor fees and additional expenses such as rent, utilities, and payroll. Effective management of these factors can significantly impact the profitability and financial success of a Everbowl franchise owner. This comprehensive financial analysis helps estimate net profits, from which the owner’s salary can be derived. A clear understanding of these factors ensures accurate salary projections and financial planning for sustainable business operations.
Everbowl Revenue & Gross Sales
While specific revenue figures for Everbowl franchises are not publicly disclosed, the franchise is known for its strong financial performance, driven by the growing demand for healthy, customizable meals. Generally, fast-casual franchises like Everbowl can achieve impressive sales figures when located in health-conscious communities and managed effectively. By focusing on operational excellence and capitalizing on the brand’s appeal to the wellness-oriented consumer, franchise owners have the potential to generate significant revenue and achieve substantial returns on their investments.
Which key factors impact the average revenue performance of Everbowl franchisees?
The performance of U.S. franchisee median gross sales for Everbowl over the past year was likely influenced by several key factors. One significant contributor could be the continued rise in consumer demand for healthy, customizable dining options, particularly in the fast-casual sector, which aligns perfectly with Everbowl’s offerings.
Additionally, Everbowl’s emphasis on community engagement and local marketing efforts may have driven increased brand awareness and customer loyalty, resulting in higher sales. The brand’s ability to adapt to changing consumer preferences, such as the growing interest in plant-based and nutrient-dense foods, also likely played a role in boosting sales. Moreover, the expansion of new locations in strategically chosen, high-traffic areas could have further contributed to the overall growth in median gross sales.
Everbowl Franchise Operational Costs
When opening an Everbowl franchise, some of the key primary ongoing operational costs to consider include:
- Ingredient and Supply Costs Maintaining a consistent supply of fresh superfoods, fruits, and other toppings is crucial. Given Everbowl’s emphasis on high-quality, fresh ingredients, this can be a significant ongoing expense.
- Labor Costs Staffing your franchise with trained employees to manage daily operations, including food preparation, customer service, and cleaning, will be one of your major ongoing costs.
- Utilities Operating a fast-casual restaurant like Everbowl involves costs for utilities such as electricity, water, and gas, particularly for refrigeration and kitchen equipment.
- Marketing and Local Advertising While Everbowl provides some marketing support, you may also need to allocate funds for local advertising and promotional activities to drive customer traffic and build your presence in the community.
- Maintenance and Repairs Regular maintenance of kitchen equipment, seating areas, and other facilities is necessary to ensure smooth operations and a positive customer experience.
Everbowl Franchise Fees
When opening an Everbowl franchise, it’s crucial to consider the ongoing fees associated with operating your business. Here are three key fees to be aware of:
- Royalty Fee 6% of Gross Sales, due weekly. This fee is based on your gross sales from the previous week and is paid electronically, covering the ongoing use of the Everbowl brand and support services.
- Technology Fee $250 per month, due monthly as invoiced. This fee supports the technology infrastructure, including point-of-sale systems, essential for managing your franchise efficiently.
- Additional Fees There might be other fees that arise based on specific operational needs or changes in the franchisor’s policies. It’s important to review your Franchise Disclosure Document (FDD) thoroughly to understand all potential costs.
Everbowl Franchise Earnings
While specific earnings data for Everbowl franchises is not available, we can provide an informed overview based on industry standards and franchise characteristics. Everbowl, with its emphasis on healthy, customizable meals and growing brand recognition, has the potential to generate substantial revenue in the fast-casual dining sector. Key factors such as location, customer traffic, and effective management are crucial in determining the financial performance of a franchise.
Industry benchmarks for similar fast-casual franchises suggest that gross sales can vary widely, with well-located and efficiently managed franchises achieving impressive sales figures. When projecting potential earnings, it’s important to consider the initial investment and ongoing operational costs, including royalty and technology fees. Typically, franchises like Everbowl, which offer strong support systems and comprehensive training programs, are better positioned to achieve profitability.
Prospective franchisees should conduct thorough market research, considering variables such as local competition and demographic trends. By capitalizing on Everbowl’s growing popularity and following best practices, a franchise can become a profitable venture, aligning with the earnings potential observed in successful fast-casual franchises. Consulting with current franchisees and financial advisors can also provide valuable insights into realistic earnings expectations.
How to Open a Everbowl Franchise
Becoming a franchisee with Everbowl involves a series of well-defined steps that ensure both the franchisor and the prospective franchisee are a good fit. Here’s an overview of the process:
- Initial Inquiry You or your franchise specialist submits an initial inquiry basic information about your interest and background. You should also conduct thorough research on the franchise, including seeing all of the information available on the Vetted Biz franchise intelligence platform, including access to the most recent Franchise Disclosure Document (FDD).
- Franchise Application After your inquiry, you’ll be asked to complete a franchise application. This form provides the franchisor with information about your background, financial standing, and experience in business. It’s a crucial step to determine your eligibility as a potential franchisee.
- Discovery Day If you’re still interested after reviewing the FDD, you’ll be invited to a Discovery Day at Everbowl’s headquarters. During this visit, you’ll meet with the corporate team, learn more about the brand’s operations, and get a firsthand look at the business model. It’s also an opportunity for both parties to ensure alignment in values and goals.
- Franchise Agreement Signing After a successful Discovery Day, the next step is to sign the Franchise Agreement. This legal contract formalizes your commitment to opening an Everbowl franchise and outlines the specific terms and conditions of your partnership with the brand.
- Site Selection and Lease Negotiation Once the agreement is signed, the focus shifts to finding the right location for your franchise. Everbowl provides guidance and support in site selection, helping you identify high-traffic areas that align with the brand’s target demographic. They’ll also assist with lease negotiations to secure favorable terms.
- Training Program Before you open your doors, you and your key staff will undergo a comprehensive training program. This training covers everything from daily operations and customer service to marketing and financial management, ensuring you’re well-prepared to run your Everbowl franchise successfully.
- Build-Out and Pre-Opening With the location secured and training completed, the next step is to build out your Everbowl store. This involves the physical construction and setup of the restaurant according to Everbowl’s specifications. During this time, you’ll also be working on pre-opening marketing efforts to generate buzz in your local community.
- Grand Opening and Start of Operations Finally, once construction is complete and everything is in place, you’ll launch your Everbowl franchise with a grand opening event. Everbowl’s support team will be on hand to assist with the launch, ensuring everything runs smoothly as you begin operations.
Pros & Cons
Pros
Growing Market Demand: Everbowl operates in the fast-casual, health-focused dining sector, which is experiencing significant growth. The increasing consumer demand for healthy, customizable meals positions Everbowl well in a thriving market.
Strong Brand Identity: Everbowl’s focus on ancient superfoods and wellness resonates with today’s health-conscious consumers, giving it a strong brand identity that stands out in the fast-casual industry.
Low Initial Investment: Compared to other fast-casual franchises, Everbowl’s initial investment is relatively low, making it more accessible to new franchisees who are looking to enter the market without a huge upfront cost.
Cons
Market Saturation Risk: As more health-focused fast-casual brands enter the market, there is a risk of increased competition, which could impact Everbowl’s market share and profitability.
Operational Costs: While the initial investment is low, ongoing operational costs, such as fresh ingredient procurement and labor, can be significant. These costs need to be carefully managed to maintain profitability.
Dependence on Location: Success heavily depends on choosing the right location with high foot traffic and a health-conscious demographic. A poorly chosen location could significantly impact sales and profitability.
