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Q: What does it cost to open a Tony Luke’s license location?
A: The total initial investment is between $170,000 and $396,000, which includes a license fee of $35,000.
Q: Do you offer financing?
A: At this time, unfortunately, we do not offer direct or indirect financing for Licensees.
Q: I don’t have prior restaurant/foodservice experience, can I still operate a Tony Luke’s?
A: Though prior experience in the restaurant industry is not required, it would certainly be helpful in the management and operation of your license. Our support team has over 30 years of combined experience to offer Licensees. Additionally, we offer a full suite of training and support options to help both emerging and established entrepreneurs develop a thriving fast-casual business.
Q: What are the royalty and advertising fees?
A: The royalty fee for a Tony Luke’s outlet is 6 percent of gross sales, while advertising fees amount to 1 percent of gross sales.
Q: Do I get protected territory?
A: We do offer protected territories, which are determined based on the density of the area in mind, as well as other factors. Typically, we will not allow a Tony Luke’s outlet to operate within a 5-mile radius of another location. Here are Tony Lukes license locations.
Q: How much money can I make operating a Tony Luke’s?
A: During the sales process, we will provide you with our License Disclosure Document (FDD), which includes financial information. We will also connect you with several existing Tony Luke’s Licensees, who would be happy to share their experiences with you.
Q: How do I get started?
A: To find out more about the Tony Luke’s license, please feel free to give us a call at 856-599-1939 or email email@example.com. A member of our Tony Luke’s team will reach out to you to discuss setting up a visit. They’ll also be happy to provide you with a copy of our License Disclosure Document (FDD), which contains all the important details you will need to make an informed decision.