Franchise Opportunities

1. Overview
2. F.A.Q
3. Qualification
4. Request an Application
………………………………………………………………………………

F.A.Q

What is the monthly royalty fee? What is the term of the franchise agreement?
Monthly royalty fees are 5% of gross revenue. Franchise agreements are for 5 years. Successor agreements are for 5 years.

What are the financial requirements necessary for approval?
You must provide current verification of your initial investment funds and secure the ability to get additional financing for remaining funds needed.
The estimated development costs for opening a Reef Restaurant are as follows (in Cdn funds):

• Initial franchise fee of $25,000.
• Initial cash/liquid investment (non-financed) minimum is $150,000 to $300,000
• Financing for up to 70% of total cost-estimated between $300,00 and $700,000
• The total combined net worth minimum is $500,000.

How do I become a candidate for a Reef franchise?
Start now by considering whether or not you meet the 4 pre-qualification criteria. If you think you do, fill out our form and we will contact you and let you know asap.