Why Not To Buy Culver’s Franchise
Trying to decide if Culver’s is right for you? Here are the top reasons why not to buy a Culver’s Franchise business..
Money Needed:
When looking at any franchise you need to take into consideration how much money is needed to get started. The money needed for a Culver’s franchise ranges from $1,000,000-$2,500,000. This is an expensive investment and can be difficult for many people to obtain on their own. So just know that it will cost a lot of money to get started with Culver’s.
Liquid Assets:
Another reason why not to buy a Culver’s franchise is that you will need liquid assets in order to qualify for financing. This means that you have to have enough money saved up so that when you make your first loan payment you don't then have to use all of your personal savings as well.
So you’re interested in buying a Culver’s franchise?
That’s great!
But, before you rush out and make an offer, there are some things you should consider. Here are the top five reasons why you might not want to buy a Culver’s franchise after all.
1. It’s Expensive
Culver’s franchise fees range from $50,000 to $75,000. Add another $50,000 or so for startup costs, and the total cost of buying a Culver’s franchise can easily top $100,000. That may sound like a lot of money, but it makes sense when you consider how much money you could potentially make by owning your own Culver’s franchise. You need to be able to afford the price tag to justify buying the franchise in the first place.
2. High Startup Costs
Culver’s franchises require a large initial investment – and that doesn’t include things like inventory or real estate costs if you want to buy an existing restaurant building instead of building a new one yourself. Your initial investment will vary depending on whether you purchase an existing restaurant or decide to build your own restaurant from scratch
