Have a question? Chances are, we’ve answered it below.
The initial investment for a Lo-Lo’s single-unit franchise ranges from approximately $850,000 – $2,300,000 (without land).
Lo-Lo’s does not provide direct or indirect financing.
Lo-Lo’s new franchisee training is comprehensive, but there are a few skills we would prefer that you’re equipped with beforehand, including previous business experience and a background in customer service. Less important, but still relevant are previous restaurant experience and an appreciation for proven systems. And, of course, almost beyond any requirement on paper, the Lo-Lo’s franchise family values prospects with a high level of integrity.
We would prefer that our single-unit franchisees are hands-on owner operators. However, we understand that, especially in a multi-unit scenario, other managers will be required. We just ask that these managers exhibit the same level of hands-on dedication that an owner would. Lo-Lo’s headquarters will train your managers according to our standards.
While there are no guarantees as to how each individual store will do, we can share with you, per our Item 19 in the Franchise Disclosure Document (FDD), the gross sales for 2016 at three of our existing locations:
Phoenix Lo-Lo’s Location: $4,576,225*
Scottsdale Lo-Lo’s Location: $3,247,000*
Gilbert Lo-Lo’s Location: $2,656,800*
Knowing these numbers beforehand may help you to make a more informed business investment decision.
*For further information relative to our sales numbers, please review the additional information in Item 19 of our Franchise Disclosure Document.
Yes, most of our available territories are wide open for multi-unit development. Please review our multi-unit page for more details.
As a relatively new franchisor, we have plans for our desired growth trajectory. That said, for the right candidates, we are open to discussing other markets. Contact us.
Lo-Lo’s provides franchisee support for as long as you run your restaurant. Past your comprehensive initial and pre-opening training, we have an ongoing system in place to provide you with everything you and your employees will need. Within the Lo-Lo’s franchise family, you are never alone in business.
Yes, our ongoing royalty fee is 6% of gross revenues.