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Food Franchise US Boloco

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Boloco began in 1996 and over the next 6 years 10 units opened in the Boston area. In 2005 the concept was renamed from 'Wrap' to todays established brand name, 'Boloco'. After years of fine tuning, Boloco is ready for national franchise growth.

Opportunities for Franchisees

Boloco franchises will enjoy being supported by a team of executives that have a proven track record in franchising. Nick Lanni, President & CEO of Under Wraps, LLC previously owned Great Steak & Potato for over 20 years and developed that franchise into 260 units with 150 franchise owners. Nick sold the Great Steak & Potato Franchise System in 2004.

Franchise Facts

Key Franchise Value Proposition: Fast Casual sandwich franchise concepts, positioned between fast food franchises and sit-down restaurant franchises, are growing at an annual double digit rate, more than double the rate of any other franchise restaurant segment and have a 7.5% compounded sales growth projected through 2006.
Key Consumer Value Proposition: The cornerstone of the Boloco concept is the Inspired Burrito. Pushing past fresh Mexican and typical wrap franchise restaurants, Boloco serves a new breed of burrito. Inspired Burritos aren't necessarily Mexican, but they are hot, delicious and addictive. Mediterranean, Mexican, American and Asian are just a sampling of the flavors.

BACKGROUND:

Year Established: 1997
Year First Franchised: 2005
Franchised Units: 12
Company Owned Units: 0
Projected New Units (12 months): 10
States/Countries Registered In: All States

FINANCIAL/TERMS:

Cash Investment: $75K
Total Investment: $200K -$400K
Minimum Net Worth: $500K
Franchise Fee: $25K
Royalty: 6%
Ad: 1%
Average # of Employees: 10-15
Passive Ownership Allowed: Possibly, as long as certain conditions are met

SUPPORT & TRAINING PROVIDED:
Financial Assistance Provided: NO
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Co-operative Advertising: Yes
Training: 3 weeks store management training /1-3 weeks opening training/support

FINANCE AVAILABLE
We often include opportunities that are above your selected amount of capital as up to 70% borrowings are usually available from banks for those considering investing in a franchise opportunity.

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Food Franchise US - Boloco franchise opportunity