How much can I make? Profitability depends on many factors including operating and occupancy costs, financing terms and most important, your ability to operate the business effectively. I have a piece of property that will be idel for a new Neehee's restaurant; will Neehee's develop the site and award the franchise to me? The site selection process is separate from our franchisee selection process. We make the decision to develop a location because we believe it will be a success. NeeHee's manages all the site evaluation. How much money do I need to open a franchise? Individuals will need $300,000 in non-borrowed personal resources (liquid assets, e.g. cash, marketable securities, stocks, etc…) along with an overall net worth (total assets minus total liabilities) of $1,200,000 to qualify. Financing is to be secured through third-party lending sources. The total cost of each unit varies by size and location. How much are the royalties and other annual fees? Royalty and Continuing Services fees are 5% of gross sales. Ongoing Marketing fees are 4.0% of gross sales. Does NeeHee's offer financing? No. However, Nihi Franchising, Inc. can direct potential franchisees to sources for financing options, in the areas of equipment leasing, construction and SBA loans How long does it take to open the store? Each location is different, depending on a variety of factors, including site selection, build-out requirements and training. However, it typically takes approximately 6-10 months from signing the franchise agreement to opening day at your Neehee's restaurant. What kind of training can I expect as a franchisee? All new franchisees participate in a 12 week training program. This consists of Classroom training in Canton, Mi, and Hands on Training of real life management experience by way of our apprenticeship program in a franchised location. In addition, we will train your assistant managers in Canton, MIchigan for 4 weeks at the training center. Once completed, franchisees receive regular updates to their training, including on site reviews. How is food quality and consistency maintained? All products, of the exception of produce, are delivered by a national distributor to all stores on a weekly basis. Nihi Franchising, Inc. supplies its own blendeds spice mixes, flour mixes, to the franchise. Our hands on training program trains the new hire in hours to get the perfection. May I qualify financially with other partners? A single candidate must personally meet the financial qualifications. However, if a partnership or corporation is formed, Neehee's considers the overall financial strength of the business partnership or corporation. Is it still possible to be approved as a new franchisee if I do not have direct restaurant experince? Operational experience in a food/beverage, retail or hospitality environment is preferred for one or more partners. How long is the entire process of becoming a Neehee's franchisee? Becoming a franchisee is a multi-step process that includes Candidate Pre-Qualification, Due Diligence, Business Plan Review and Approval, Contract Signing, Franchise Training, Site Selection, Construction and Grand Opening. On average, the candidate approval process takes approximately 60-90 days, and the typical length of time between the signing of the Store Development Agreement and opening a Restaurant for business is 6-10 months. What is the start up cost for the new Neehee's restaurant? The estimated initial investment for a new Restaurant can range from $700,500-$1,200,000 not including real estate, and depends primarily upon the number of Restaurants acquired;their size, configuration and location; who develops the real estate for and/or constructs them; and the amount and terms of financing. More details are provided in Item 7 of the Franchise Disclosure Document.