To attract more multi-unit franchisees, The Brass Tap is offering reduced franchise fees to those who enter into an Area Development Agreement ($37,500 for the first location, $25,000 for the second location, $15,000 for the third location, $5,000 for the fourth location, no fee for the fifth and subsequent locations).
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The brand determined that honing in on multi-unit operators to promote growth in new markets was the fastest and least expensive option to reach its goal. At the time of the announcement, The Brass Tap said its goal was to have over 50 locations open by the end of 2017. In July 2017, The Brass Tap announced its plans for nationwide growth by targeting multi-unit operators. Section I – Background Information 11 Things You Need to Know About The Brass Tap Franchiseġ. 2016, 2015, and 2014 average and median adjusted gross sales for the bottom quartile Reporting 2.0 Brass Tap Bars.2016, 2015, and 2014 average and median adjusted gross sales for the top quartile Reporting 2.0 Brass Tap Bars.
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2016, 2015, and 2014 average and median adjusted gross sales for all Reporting Brass Tap Bars that have a full liquor license and a full kitchen (“Reporting 2.0 Brass Tap Bars”).2016, 2015, and 2014 average and median adjusted gross sales for all company-owned and franchised Brass Tap Bars that were open and operating for at least 12 months before December 31 of each year for which data are shown (“Reporting Brass Tap Bars”).Section IV – Presentation and analysis of The Brass Tap’s financial performance representations, based on Item 19 of the company’s 2017 FDD, including information on the:.Section III – Initial franchise fee, royalty fee, marketing fee, and other fees for The Brass Tap franchise, based on Items 5 and 6 of the company’s 2017 FDD.Section II – Estimated initial investment for The Brass Tap franchise, based on Item 7 of the company’s 2017 FDD.Section I – Background information on The Brass Tap franchise opportunity, including relevant news updates.Their menu can be easily and effectively executed without a chef, offering guests quality and variety to encourage a longer, more satisfying visit.In this FDD Talk post, you’ll learn the following:.Guests can also choose from craft cocktails and premium wines thanks to the full-liquor bar.They have a unique menu compared to other craft beer franchise opportunities.A proven loyalty program that rewards customers for each brew purchased: The Brew Crew.The Brass Tap's new all-in-one POS system offers an affordable cloud-based platform.Their locations are perfectly sized (3,200 – 3,600 square feet, inclusive of an outdoor patio, is the sweet spot).Smaller, more manageable-sized staffing requirements simplifies ownership.Here are some of the key reasons that make The Brass Tap a great investment: The Brass Tap capitalizes on that demand, and also offers an easy to operate business model that’s recognized in the industry. The craft beer segment has never been more popular-there’s an exploding demand among consumers. The Brass Tap franchise provides entrepreneurs with the opportunity to own an upscale beer bar that brings together friends, entertainment and a large selection of craft beers.
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