Type of Business
The franchisees own and operate quick serve casual dining restaurants offering a diverse, “better-for-you” menu including salads, acai bowls and other related food and beverage products. The franchisor provides services to their franchisees, including assistance with training, operations, advertising, purchasing and promotional techniques. They currently offer and sell franchises for the right to independently own and operate a restaurant, which is operated from a traditional location.
Corporate Information
Bango Franchisor LLC is a New York limited liability company, formed on February 8, 2023. Their principal business address is 114 W. Main Street, Patchogue, New York 11772.
Investment
The total investment necessary to begin operation of a Restaurant ranges from $177,082 to $614,692, which includes $36,000 to $40,000 that must be paid to the franchisor or their affiliates prior to opening. The franchisor also grants qualified parties that right to open and operate multiple Restaurants within a defined geographical area under a form of area development agreement. The total investment necessary to begin operating as a multi-unit owner will vary depending on how many Restaurants the franchisor grants you the right to open. By way of example, the total investment to enter into an area development agreement with the franchisor to open three restaurants ranges from $251,082 to $575,192, which includes: a $105,000 development fee that is paid to the franchisor; and the initial investment to open and commence operations of an initial Restaurant within your development area.
