Taffer’s Tavern FDD – Franchise Information, Costs and Fees
Type of Business
The franchise offered is for a “Taffer’s Tavern” full service, casual dining restaurant, offering a wide variety of lunch and dinner entrees, appetizers, desserts, side dishes, beverages and a full bar. Taffer’s Tavern restaurants utilize a unique ventless/hoodless high efficiency kitchen, and operates using the franchisor’s proprietary recipes, formulae, techniques, trade dress, trademarks and logos.
Corporate Information
Premier Taverns LLC was formed as a Nevada limited liability company on June 13, 2019. Their principal place of business is 127 E. Warm Springs Road, Las Vegas, Nevada 89119. They began offering franchises on July 17, 2019.
Investment
The total investment necessary to begin operation of a Taffer’s Tavern franchise is $807,000 to $1,341,000. This includes $50,000 to $55,000 that must be paid to the franchisor or its affiliates. If you enter into a Multi-Unit Operator Agreement to develop multiple franchised restaurants, you will pay a development fee when you sign the Multi-Unit Operator Agreement. If you commit to develop between five and nine restaurants, you will pay a development fee of 100% of the initial franchise fee for three restaurants, plus a deposit of 50% of the initial franchise fee for each additional restaurant. The total estimated investment under a Multi-Unit Operator Agreement for five restaurant franchises, including the costs to build and equip the first restaurant, is $959,000 to $1,493,500. This includes $200,000 that must be paid to the franchisor and/or its affiliates. If you commit to develop 10 or more restaurants, you will pay a development fee of 100% of the initial franchise fee for five restaurants, plus a deposit of 50% of the initial franchise fee each additional restaurant you commit to develop. If you purchase 10 restaurants, the amount that must be paid to the franchisor and/or affiliates will increase to $375,000.
