As restaurants shutter left and right from the unusual circumstances of last year, investors and entrepreneurs fervently seek new opportunities that will rise from the ashes. Out of that backdrop, the first virtual kitchen franchise in the United States, has been selling new units at a record pace since launching its franchise opportunity in October of 2020. Read on to learn more about this intriguing Franchise of the Month for November…
This offering is a true ghost kitchen – providing neighborhoods with modern, chef-driven food delivery options inspired by global cuisine all through a convenient, deliver-only model. The company currently offers 50 individual brands (with more being developed) and can be ordered through UberEats, Postmates, Grubhub, or DoorDash.
Your delivery-only ghost kitchen will be located in a commercial real estate space ranging from 500 to 2,000 square feet in size.
Due to the model being entirely based on delivery, it is not required to have a prime commercial real estate location. Corporate will help both restaurateurs and investors create additional revenue by adding virtual restaurants to an already existing commercial or restaurant kitchen.
What does the investment look like?
The total investment necessary to begin operation of this franchise is $90,800 to $215,700. The total investment necessary to begin operation under a three- to five-unit Multi-Unit Development Agreement (including the first unit) is $171,800 to $380,700. There is no minimum number of The Local Culinary units that you are required to develop under the Multi-Unit Development Agreement. Your investment will consist solely of the franchise fee should you own an existing restaurant and want to create additional revenue by utilizing this model.
Currently offering each new owner a portfolio of over 50 virtual restaurants, it’s easy to see why this franchise has awarded close to 50 new territories at the time of this release, but that number climbs month after month. “Now is the time to jump on board. We are culturally relevant, affordable, and easy to add on to an existing operation,” asserted leadership. “Franchisees are gaining all of the necessary tools and support resources to launch strong and instantly have new revenue opportunities for their existing restaurant.” It’s important to note that this concept also works well if you DON’T already have a restaurant.
Individuals seeking a franchise opportunity will find that the virtual kitchen model is one of the most stable choices in the restaurant marketplace today. Trends have visibly bent towards delivery services and are expected to continue that trajectory. Technology is key for more choices that deliver straight to a doorstep. According to a Euromonitor virtual webinar presented by Global Food and Beverage Lead Michael Schaefer, the food delivery market could create a $1 trillion global opportunity by 2030.
How can I learn more?
Individuals interested in learning more information about the Franchise of the Month for November should email info@yourfranchiseiswaiting.com or click the button below!
