Shula Burger and Shula’s Bar & Grill FDD Summary
Type of Business
Shula Burger, LLC, offers franchises for distinctive restaurants featuring steaks, hamburgers, and signature entrees with a variety of appetizers, salads, sandwiches, sides, desserts, and other complementary food and beverage items. Each Shula’s restaurant is named and operated under one the following Principal Marks: Shula Burger® or Shula’s Bar & Grill®.
Corporate Information
Shula Burger, LLC is a Florida limited liability company, organized on January 19, 2011. Their principal business address is 3020 NE 32nd Avenue, Suite #274, Ft. Lauderdale, FL 33308. Shula’s Steak Houses, LLLP, is their parent company. Shula’s Steak Houses, LLLP, is a Delaware limited liability limited partnership organized on July 29, 1998. Shula’s Steak Houses, LLLP has been operating its franchise business since 1998.
Investment
The total initial investment necessary to begin operation of a Shula Burger® franchise restaurant is $515,850 to $949,750 under a franchise agreement and $585,850 to $1,014,750 for the first restaurant if you sign an area developer agreement, which requires a minimum development of five Shula Burger® restaurants. If you and we agree to the development of more than five restaurants, then your initial total investment for an area developer agreement will be higher. This includes approximately $43,350 to $69,250 that must be paid to the franchisor or its affiliate for one franchise and approximately $113,350 to $134,250 that must be paid to the franchisor or its affiliate for the first restaurant under an area developer agreement.
The total initial investment necessary to begin operation of a Shula’s Bar & Grill® franchise restaurant is $1,089,950 to $2,153,000 under a franchise agreement and $1,289,950 to $2,359,250 for the first restaurant if you sign an area developer agreement, which requires a minimum development of five Shula’s Bar & Grill® restaurants. If you and we agree to the development of more than five restaurants, then your initial total investment for an area developer agreement will be higher. This includes approximately $108,350 to $129,250 that must be paid to the franchisor or its affiliate for one franchise and $308,350 to $329,250 that must be paid to the franchisor or its affiliate for the first restaurant under an area developer agreement.