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Learn everything you need to know about owning a Jack in the Box Franchise on 10/1/24 at the Renaissance Schaumberg.
You're invited to join us at the Renaissance Schaumberg on October 1st, 2024 for a meet and greet with the franchise development team at Jack in the Box. This is a great time for you to learn more about our franchise opportunity and ask questions.
Location: Renaissance Schaumberg - 1551 Thoreau Dr N, Schaumburg, IL 60173
During this thirty-minute presentation, you'll take a deep dive into the Jack in the Box franchising opportunity. We will go over our financial requirements, available markets, and why now is a great time to franchise with Jack in the Box.
This is your opportunity to ask questions and receive answers about anything we may not have covered during our presentation. Van, Dustin, and Mike have a deep understanding of the franchising industry and are a valuable resource you can depend on.
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"This accelerated development plan includes eight company-operated units and as part of the brand’s strategic market plan, Jack in the Box has identified more than 125 potential trade area opportunities for future corporate and franchise development in the area." - Chicago Tribune | July 2nd, 2024
At Jack in the Box, we currently have more than 2,100 locations and we're continuing to expand our brand across the United States. Markets where we're coming soon include Michigan, Arkansas, Georgia, Florida, Montana, and Wyoming. Learn more about our available markets here...
Van, Dustin, and Mike are your hosts for the Chicago Meet & Greet. With their extensive backgrounds in the franchise industry, they bring unparalleled expertise to the table and are more than happy to answer any questions you may have.
Due to the cost of opening a restaurant with Jack in the Box, we have three minimum financial requirements all potential franchisees must meet.
Minimum Liquidity: $500,000
Minimum Net Worth: $1.5MM
Franchise Fee: $50k per Location
If you’re unable to meet these requirements, there are many potential sources of liquidity that may be overlooked. For example:
Business Partners
Local Banks & Credit Unions
Stocks & Bonds
401k Rollovers
These are just a few of the options you may like to consider in order to meet our financial requirements.
The estimated initial investment for a Jack in the Box Franchise is $1,810,600 - $4,207,500 excluding land, financing, and certain other costs. We provide a breakdown of this number in our Item 7 found in our Franchise Disclosure Document.
Like most franchises, you’ll notice Jack in the Box has ongoing royalty fees.
5% Royalty of Gross Sales
5% Marketing Fee of Gross Sales
These royalties ensure you have the best possible resources to run your business and bring customers to your location.
We offer an incentive to qualified developers. Under our current Development Incentive Program, if you sign a Development Agreement for a minimum of three (3) restaurants to be developed and opened under the development schedule during the time frames specified in the Development Agreement, and certain other requirements are met, you may be eligible for one the following incentive options, at our sole discretion:
OPTION A: The Royalty (which is currently 5% of Gross Sales) will be reduced to: (i) 1% of Gross Sales for the first year; (ii) 2% of Gross Sales for the second year; (iii) 3% of Gross Sales for the third year; (iv) 4% of Gross Sales for the fourth year; and (v) 5% of Gross Sales for all subsequent years.
OPTION B: If you open the Restaurant on or before the required date in the development schedule, we will loan you $150,000 at 0% interest to be used solely for development costs associated with that restaurant. The loan will be repaid by crediting 100% of the royalty payments for that restaurant otherwise due until the loan is paid in full (i.e., payments will be made by crediting the appropriate portion of royalty payments toward the principal balance outstanding). If the particular restaurant is sold or permanently closed and the and the loan has not been fully repaid, the remaining principal balance is due in full.
If you close a restaurant and then open a replacement restaurant, it will not be eligible for these incentives. The Company may discontinue or modify this Development Incentive Program at any time.
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