Bikinis Sports Bar & Grill
Born out of the fun-loving, easy-going atmosphere of the Australian coast, Bikinis Sports Bar & Grill offers a potent combination of relaxation, drinking, food, sports and girls. After devising the alluring concept, Doug Guller opened the first Bikinis in Austin, TX, and following its instant popularity, opened five more locations over the next three years. The mission of Bikinis is simple: to provide an unbeatable, irresistible combination of sex appeal, sports, and delicious food and drinks. The fun and friendly atmosphere makes Bikinis a popular destination for anyone.
Bikinis is committed to providing franchisees with all the tools and support they need to succeed in opening and operating a Bikinis franchise. The three key elements of Bikinis’ popular concept–exciting sports, great food and beautiful girls–make owning a Bikinis franchise an exciting opportunity that has the potential to be both profitable and fun. Bikinis franchised locations can offer a wide variety of services including a menu designed to appeal to diverse guests, a full bar, catering and host parties for large groups. Bikinis further markets an array of merchandise including clothing, calendars, DVDs and shot glasses. With its fun atmosphere, irresistible concept, and proven business strategy, Bikinis represents an enticing franchise opportunity.
| |
Operating Units |
12/31/2007 |
12/31/2008 |
12/31/2009 |
|---|
| | Franchised | 0 | 0 | 0 |
| | % Change | -- | 0.0% | 0.0% |
| | Company-Owned | 1 | 2 | 5 |
| | % Change | -- | 100.0% | 150.0% |
| | Total | 1 | 2 | 5 |
| | % Change | -- | 100.0% | 150.0% |
| | Franchised as % of Total | 0.00% | 0.00% | 0.00% |
Investment Required
The initial fee for a Bikinis franchise is $55,000.
Bikinis provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
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Item | Established Low Range | Established High Range |
| | Franchise Fee | $55,000 | $55,000 |
| | Real Estate Location Assistance | $4,000 | $6,000 |
| | Lease, Utility and Security Deposits | $15,000 | $20,000 |
| | Design & Architect Fees | $10,000 | $35,000 |
| | Leasehold Improvements | $120,000 | $450,000 |
| | Signage | $20,000 | $45,000 |
| | Furniture, Fixtures, and Equipment | $35,000 | $150,000 |
| | Computer System | $20,000 | $30,000 |
| | Kitchen Equipment | $20,000 | $85,000 |
| | Audio Visual Equipment | $50,000 | $100,000 |
| | Professional Fees | $4,500 | $17,500 |
| | Office Equipment/Supplies | $3,500 | $6,500 |
| | Business License/Permits | $7,500 | $100,000 |
| | Opening Inventory/Supplies | $15,000 | $25,000 |
| | Grand Opening Advertising | $3,000 | $5,000 |
| | Training Expenses | $7,500 | $15,000 |
| | Insurance (3 months) | $5,000 | $10,000 |
| | Additional Funds (3 months) | $40,000 | $95,000 |
| | Total Investment | $435,000 | $1,250,000 |
On-going Expenses
Bikinis Sports Bar & Grill franchisees pay royalty fees equal to 4-6% of gross sales, depending on the amount of yearly gross sales, and an advertising obligation fee equal to up to 4% of gross sales.
What You Get–Training and Support
In a commitment to franchisee success, Bikinis Sports Bar & Grill offers substantial training and support to franchisees throughout the franchise process. Prior to opening a franchise location, Bikinis provides site evaluation guidelines containing a number of criteria the site location must meet, including demographic characteristics, traffic patterns, parking, size, appearance and design. Bikinis will identify operating assets, products, food products and supplies needed to develop and operate the restaurant, as well as provide a list of designated and approved suppliers to meet these needs. Up to three employees/managers are encouraged to participate in an extensive initial training program at the Bikinis headquarters in Austin, TX. The program, which offers 4-8 weeks of comprehensive classroom and on-site instruction, covers topics such as the history and philosophy of Bikinis Sports Bar & Grill, pre-opening procedures, personnel issues, advertising, franchise reporting requirements, accounting, bookkeeping, customer service procedures, bartender duties, server duties, food preparation procedures, managerial duties, inventory, POS system, cleaning procedures and safety procedures.
Leading up to the opening of a franchised location, Bikinis will send two or more representatives to assist in opening operations for as long as deemed necessary. Once the Bikinis location has been successfully established, Bikinis will continue to provide support in the form of periodic on-going training courses and occasional advice regarding restaurant operations. Franchisees may also receive additional special guidance, assistance and training upon request.
Territory
Bikinis Sports Bar & Grill grants protected areas in geographic regions with a minimum population of 30,000 and containing both residential and working populations.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2010 FDD. Upon receipt of the 2011 FDDs, we will provide new and updated write-ups that will reflect more current information. The 2011 write-ups will be incorporated into the 2011 Edition of Bond’s Hottest New Franchises publication.
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