First Watch Restaurants FDD Summary
Type of Business
The franchise is for the right to develop and operate full-service restaurants, each featuring breakfast, brunch and lunch in a casual dining atmosphere.
Corporate Information
First Watch Franchise Development Co. is a Delaware corporation, formed on October 3, 2005. Their principal business address is 8027 Cooper Creek Blvd. #103, University Park, Florida 34201. They began to offer franchises as of April 30, 2008.
Investment
The total investment necessary to begin operation of a single First Watch® Restaurant is from $681,400 to $1,126,000. This includes $45,000 to $80,000 that must be paid to franchisor or its affiliates. The franchisor typically requires franchisees to enter into an Area Development Agreement pursuant to which they commit to acquiring multiple (usually 3 to 5) franchises. The total investment necessary under a typical Area Development Agreement is $40,000 to $80,000 (based on 3 to 5 Restaurants being developed), all of which is paid to franchisor.