Noodle Box Franchise Business for Sale in Mitcham, VIC 3132

We've experienced over 25+ years of slurping explosive flavours, but that's only a taste of what rocks the woks at Noodle Box.

The following qualities are essential to become a Franchise Partner:

How many do you tick?

- Ambitious, with a positive attitude

- Comfortable in following a franchise system

- A genuine love for great food

- Outstanding communication skills

- A passion for customer service

- Ability to motivate a team

- High energy and enthusiasm

- hard worker, team player

- Always looking to learn

Like starting any new business, owning and operating a franchise has its rewards and challenges, luckily there's a trusted team of experts behind you who will have your back from day one and right throughout your journey.

Whether it is mastering your P&L Statement to launching your first local area marketing campaign or how to effectively manage your team, our dedicated team of passionate specialists are invested in not only the growth and success of your restaurant, but also in you as a business owner. When you join Noodle Box your are in business for yourself, but not by yourself.

WHAT IS THE INVESTMENT REQUIRED TO OPEN A NOODLE BOX FRANCHISE?

A new Noodle Box restaurant ranges between $300,000 - $400,000 + GST, dependant on size location, existing infrastructure, and contributions from landlords. This investment covers everything required to open the restaurant including franchise fee, all plant and equipment, comprehensive training programs and ongoing operational and marketing support. In addition to this, you will need to budget for working capital, start-up stock and local area marketing. Please note that you will also need to supply a bank guarantee to the landlord (normally equivalent to 3 months rent) at the beginning of a lease term)

DO I NEED CASH OR EQUITY TOWARDS THE PURCHASE OF A FRANCHISE?

Yes, you will have access to at least 50% of the purchase price of the business. You may have this in actual cash, funding from family and friends, equity in your home/investment properties or a combination of all of these. Please be aware that we will request proof that you have access to these funds throughout the franchise recruitment process.

WHAT IS THE EXPECTED TIME FRAME TO OPEN MY NOODLE BOX FRANCHISE?

After finalising your approval to become a Franchise Partner the next steps are to finalise the location and lease negotiation. From there its onto design, layout, and construction of the restaurant and your training. This process can vary but on average is 3 - 6 months.

DO I NEED PRIOR BUSINESS OR FOOD INDUSTRY EXPERIENCE?

No. Previous experience as a chef or managing a retail business is a great advantage and the preferred way to becoming a Franchise Partner, however our extensive training program and years of experience will help you to operate your franchise business successfully.

WHAT ARE THE TYPICAL/REQUIRED HOURS OF OPERATION?

The typical hours are 11.00am-9.00pm, 7 days, although in situations where there are good business reasons for alteration (restaurant specific) these hours may vary.

AM I REQUIRED TO WORK IN THE BUSINESS?

That would usually be the case and our experience is that the most profitable and well-run restaurants are owner operated. We do have an expectation that our Franchise Partners are working hands on in their businesses.

WHAT IS A LANDLORD CONTRIBUTION AND WHO RECEIVES IT?

Landlords sometimes offer a financial contribution towards the fit-out costs during lease negotiations. Any contribution amount that is secured will be fully passed on to you and will reduce the investment required.

WHAT KIND OF RETURNS CAN I EXPECT FROM RUNNING A NOODLE BOX FRANCHISE?

This relies on the growth and profitability of the business under your ownership, and therefore we cannot predict or guarantee what your returns may be. We will provide you with a financial planning guide to assist with your preparation of a business plan and budget forecast.

CAN I TALK WITH OTHER FRANCHISE PARTNERS AND GET ADVICE BEFORE ENTERING THE NOODLE BOX FRANCHISE SYSTEM?

Noodle Box requires that all prospective Franchise Partners obtain competent legal, business and account advise before entering the franchise documentation to ensure a full understanding of the obligations. You are also welcomed to talk with other Noodle Box Franchise Partners already in the system.

AM I RESPONSIBLE FOR EMPLOYING STAFF?

Yes. Your Franchise Agreement gives you the opportunity to employ your own staff, but if you have any problems, our training team can assist with and offer advice on how and where to advertise for new staff members.

IS INVESTING IN A FRANCHISE RISK FREE?

The risk involved in participating in any reputable franchise system should be significantly less than the risk of proceeding in a similar business on our own. Any retail business involves risk and Noodle Box cannot predict or guarantee the sales of a particular restaurant or its profitability.

DOES NOODLE BOX PROVIDE FINANCING?

Noodle Box is accredited as an Approved Franchise System with two equipment finance providers who can offer various finance options and packages for Franchise Partners who qualify. Alternatively, you are free to obtain financing for the purchase of the franchise from the source of your choice.

DO I HAVE TO BE AN AUSTRALIAN CITIZEN OR PERMANENT RESIDENT OF AUSTRALIA TO OWN A NOODLE BOX FRANCHISE?

Yes, you will need to hold either Permanent Australian Residency or be an Australian Citizen to purchase a Noodle Box.