Jaggers FDD – Franchise Information, Costs and Fees
Type of Business
The franchise offered is for the establishment of one or more Jaggers restaurants featuring burgers, hand-breaded chicken tenders and chicken sandwich and fresh-made salads served with signature sauces and dressings made-from-scratch. A Jaggers Restaurant offers lunch and dinner menus for dine-in, drive-through or carry-out and operates using the Franchisor’s proprietary recipes, formulae, techniques, trade dress, trademarks, and logos.
Corporate Information
Jaggers Development Corporation was incorporated as a Kentucky corporation on October 10, 2019. They are a wholly owned subsidiary of Texas Roadhouse, Inc. (“TXRH”), a Delaware corporation formed on May 5, 2004, whose stock is traded on the Nasdaq Global Select Market under the symbol “TXRH.” They and TXRH maintain their principal place of business at 6040 Dutchmans Lane, Louisville, Kentucky 40205. They have offered franchises for Jaggers Restaurants since July 2020.
Investment
The total investment necessary to begin operation of a Jaggers Restaurant ranges from $2,504,700 to $3,881,500 for a new Restaurant (exclusive of land costs). This includes the $45,000 franchise fee and other amounts payable to the franchisor of approximately $31,000 to $155,000 plus travel, lodging and meals for services provided by their representatives. The development fee is an amount equal to $10,000 times the number of Restaurants to be developed. When you and the franchisor enter into each Franchise Agreement, the franchisor will credit $10,000 against the first installment of the initial franchise fee for the Restaurant. The development fee formula is uniform, but the actual amount of the development fee will vary depending on the number of Restaurants to be developed. There are no minimum number of businesses required to be open under the development agreement.
