🍟 12/15/2022 – An Acai Concept With 20% Margins
FRANCHISES OF THE WEEK
1) Nautical Bowls
Fast Facts
Background
- Founded in 2018, franchising since 2021
- Based in Minnesota; 4 locations open at the start of 2022 (138+ now)
- Fast-casual restaurant that combines healthy, fresh superfood bowls with an uplifting atmosphere
Fees + Investment
- Royalty: 6%
- Brand Fund: 2%
- Franchise Fee: $39,500
- Initial Investment: $243,750 – $423,250
Financial Performance
- The below table discloses information on 2 company owned locations in 2021 (note that as of today these 2 locations have been sold to a franchisee)
The Wolf’s Take 🍟
Nautical Bowls was featured last year in The Wolf Report, as it performed impressively during the pandemic. 2021 was no different, as both company locations display healthy cash flow on what is a relatively low investment as far as fast casual franchises go.
The concept was founded by a husband-and-wife-duo who saw the opportunity to bring an acai bowl concept to the midwest. Thanks to their early success, they were able to bring on Peter Taunton, who founded and led Snap Fitness + Lift Brands, which has over 6k locations.
Nautical Bowls seems to have found a way to stand out amongst other acai concepts – and if franchisees this year have strong openings, 2023 could be an even bigger year!
Resources
2) The DripBar
Fast Facts
Background
- Founded in 2016, franchising since 2019
- Based in Massachusetts; 13+ locations open at the start of 2022
- IV therapy franchise
Fees + Investment
- Royalty: 7%
- Brand Fund: 1%
- Franchise Fee: $55,000
- Initial Investment: $136,500 – $338,300
Financial Performance
- The below table is based on one affiliate location that has been operating since 2016
The Wolf’s Take 🍟
Alrighty, let me state the obvious on this one: I am a talking french fry, NOT a doctor. So I do not know how effective or impactful a drip bar really is on your health. There are certainly doubts about that, and the medical community in particular is not thrilled with drip bars popping up, as there is limited clinical evidence on the benefits.
With that said, the numbers of the location have performed well, and other drip bar franchises have demonstrated solid unit economics as well. From a consumer standpoint, there is certainly a level of concept-market fit.
If you’re interested in The DripBar, check out their website via the link below!
Resources
FROM THE POD
Jamie Weeks – SweatHouz
From 140+ OrangeTheory’s To Launching His Own Franchise
Jamie owns over 140 OrangeTheory’s, and now he’s founded his own franchise SweatHouz.
Since May of this year, he’s sold ~75 licenses, and is giving franchisees the same playbook he used to grow his OrangeTheory portfolio to a massive private equity exit.
Check out our conversation here!
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