QUESTIONS & ANSWERS
1. WHY SHOULD I CHOOSE CODY'S ORIGINAL ROADHOUSE?
Cody’s Original Roadhouse is a fun, casual, family friendly Roadhouse that serves “Just Plain Good Food®”. For the past 18 years we have served our customers great food, with exceptional value. Cody’s Restaurant System, LLC (CRS), the owners of Cody’s Original Roadhouse, will be there to support you from the beginning and will always continue to support you. We always strive to build our brand with promotions and marketing concepts to keep Cody’s Original Roadhouse®a major competitor in the restaurant market. We offer Great Quality and Great Value to our customers and that keeps them coming back. Cody’s® sales have continued to grow every year, with higher average comparisons than similar concepts.
2. WHAT ARE THE FINANCIAL REQUIREMENTS OF A CODY'S ORIGINAL ROADHOUSE FRANCHISE?
The initial franchise fee, in acquiring a license to operate a Cody’s Original Roadhouse, is $50,000. This initial investment includes training, support, development assistance and operating manuals - all necessary tools to start up the restaurant. The total investment varies, but an estimated range is between $772,225 to $1,476,500.
3. WHAT IS THE ONGOING ROYALTY FEE?
The royalty fee is 4% of gross sales. This fee provides you with the use of the Cody’s Original Roadhouse brand name and operating system, as well as ongoing support, training, research, and development.
4. WHAT IS THE MARKETING FEE?
The marketing assessment is 3-4.5% of gross sales. This is used to promote and build brand recognition of Cody’s Original Roadhouse name.
5. WHAT IS THE AVERAGE RETURN ON INVESTMENT?
Your return will depend upon a number of factors: your skills and abilities in operating a successful restaurant, competition, interest rates, the economy, inflation, labor and supply costs, lease terms, and the marketplace in general. The franchise disclosure document can answer more of your questions.
6. DO I NEED EXPERIENCE AND IS IT NECESSARY TO WORK IN MY RESTAURANT?
Previous restaurant experience is necessary. If you do not have food service experience we suggest that you partner with someone who has the experience. We believe that a successful management team must be active in the day-to-day operations of the restaurant as this also helps with the return on the investment.
7. WHAT SUPPORT WILL BE PROVIDED?
Our franchise organization is designed to provide you with all the necessary tools and support you need to make your restaurant the first choice for people who love great food.
8. WHAT STANDARDS DOES CODY'S ORIGINAL ROADHOUSE SET?
You will find that CRS, LLC. has taken care of every aspect of the Cody’s® experience including: menu, food suppliers, recipes, product specifications and advertising. Your location will be a success if you adhere to these standards. Consistency and quality of these standards not only create and reinforce the brand, but also insures that Cody’s Original Roadhouse guests have the total Cody’s® experience at any location, each and every time.
9. WILL COR ENTERPRISES INC. PROVIDE TRAINING AND WHAT IS THE COST?
Training for you and your management team will be thorough – generally 7-10 weeks. Cody’s Restaurant System, LLC (CRS). will train your management team and key staff members at an existing location, where they will learn everything necessary to successfully operate your location.
We will also send our hands-on support opening team to assist in the opening of your location. In addition to travel, accommodations, and meals, additional costs for the opening team are minimal.
10. WHERE MAY I HAVE A CODY'S ORIGINAL ROADHOUSE AND WHO BUILDS MY RESTAURANT?
You and our development team, at Cody’s Restaurant System, LLC (CRS), will research the market areas for potential Cody’s Original Roadhouse restaurants. After you submit your restaurant location proposal, CRS. will review the location, based on retail activity, traffic volume, demographics, restaurant saturation, schools, residential population, and property cost, to determine whether the proposed location will be successful. CRS. will make the final approval for all location decisions.
Once, the location has been approved you will have the full responsibility of building your location. CRS will guide you through the development and design of your location based on previous location success.
11. WILL I HAVE A PROTECTED TERRITORY?
Yes, when you choose the location and are approved from CRS. you will have a protected territory of a 5 mile radius from your location. You are also welcome to build multiple locations, but all must be approved by CRS.
12. HOW LONG DOES IT TAKE TO BE APPROVED AND BUILD A CODY'S ORIGINAL ROADHOUSE?
The application process, from the date of your Initial Confidential Information Form to the executive approval, is two to six weeks. Once your application has received executive approval, the time frame for opening your restaurant will depend on your location and specific needs.
13. WHAT ARE THE NEXT STEPS?
If you wish to continue with the Cody’s® franchise opportunity, please fill out the Confidential Initial Franchise Application and submit it to CRS, LLC. Once the form has been received and reviewed a member of our franchise department will contact you to set up an interview and to exchange information so that you may begin to make a fully informed business decision.