Newk’s Eatery FDD – Franchise Information, Costs and Fees
Type of Business
The franchisee will operate a fast casual restaurant offering a menu specializing in the franchisor’s signature fresh tossed salads, oven-baked sandwiches, hand-crafted pizzas, made-from-scratch soups and homemade cakes under the names “Newk’s,” or “Newk’s Eatery.”
Corporate Information
Newk’s Franchise Company, LLC is a Mississippi limited liability company with their principal place of business at 2680 Crane Ridge Drive, Jackson, Mississippi 39216. They were formed on January 18, 2005. They began offering franchises for Restaurant businesses in February 2005.
Investment
The total investment necessary to begin operation of a Newk’s Restaurant franchise is $971,100 to $1,207,350. This includes a $40,000 initial franchise fee that must be paid to the franchisor. The franchisor may offer to enter into an area development agreement to establish and operate a certain number of Newk’s Restaurants at specific locations pursuant to individual franchise agreements. The area development fee, which will vary depending upon the number of franchised restaurants to be developed, will be equal to the total of $40,000 for the first Newk’s Restaurant plus $20,000 for each additional Newk’s Restaurant to be developed. The area development fee will be applied to the initial franchise fees for each applicable Newk’s Restaurant.
