Type of Business
The franchise offered is for Chiddy’s Cheesesteaks, a fast-casual restaurant featuring a menu of authentic cheesesteak sandwiches, empanadas, fresh cut french fries, and other comfort food items. The franchisor offers individual unit restaurant franchises and area development franchises for the development of multiple Restaurants within a designated territory. They also offer qualified franchisees the option to operate a Restaurant as a mobile Chiddy’s Cheesesteaks food truck that is wrapped and configured in accordance with their standards and specifications.
Corporate Information
Chiddy’s Cheesesteaks Franchising LLC is a New York limited liability company established on November 24, 2020. Their principal place of business is 6 Pinewood Drive, Commack, New York 11725. They began offering franchises as of February 2021.
Investment
The total initial investment necessary to begin operation of a Chiddy’s Cheesesteaks Restaurant under a franchise agreement is $167,150 to $397,375 This includes $33,500 to $36,500 that must be paid to the franchisor or its affiliates. The total initial investment necessary to begin operation of a Chiddy’s Cheesesteaks Food Truck under a franchise agreement is $110,450 to $219,000. This includes $6,500 to $36,500 to $36,500 that must be paid to the franchisor or its affiliates. The total investment necessary to begin operation of a Chiddy’s Cheesesteaks Restaurant under a multi-unit development agreement is $207,150 to $477,375. This includes $33,500 to $36,500 that must be paid to the franchisor or its affiliates, along with a $20,000 development fee for each additional Restaurant established under the multi-unit development agreement. The minimum number of Restaurants that you may agree to develop is three and the maximum is five.
