Where can I obtain info about Ynot Italian?
During our conversations, we will provide you with our current Franchise Disclosure Document (FDD). The document, required by the Federal Trade Commission to be provided to all interested franchisee candidates, will provide information regarding the relationship between franchisor and franchisee, Various costs breakdowns, required fees, and a list of all franchisees currently in our system and their contact information.
What happens after I submit my online application?
We will acknowledge receipt through our electronic system and reach out to you to schedule a time to speak by phone regarding your interest and to answer your questions.
What is the profitability of the business?
Except through the Item 19 section of the FDD where we are able to provide you with current operating P&L’s, we encourage you to discuss your questions with existing Ynot Italian franchisees, as well as your franchise and business attorneys and accountants.
What is the start up costs for a new restaurant?
The estimated initial investment for a new Restaurant varies based on square footage. Additional information may be reviewed in Item 7 of the Franchise Disclosure Document.
Is financing available?
Although we do not provide financing, we may from time to time offer introductions to industry lenders who may assist you with structuring your loan packages.
May I qualify financially with other partners?
Ynot Italian looks for 3 areas of qualification:
1. use net worth and liquidity requirements previously provided
2. years of restaurant of hospitality experience noted previously
3. business savvy through development, staffing, marketing, accounting and other areas as needed to perform as a Best in Class franchisee.
This may be achieved through partnerships with others if needed.
How long is the entire process of becoming a Ynot Italian franchisee?
Becoming a franchisee is a multi-step process that includes the Candidate Due Diligence and Approval process based on the candidates profile requirements, the signing of agreements and the pre-opening process. The approval process could run from 3-6 months.
Where do I receive my training and does everyone with financial ownership in the franchise have to go through the training?
We have a full training program that will prepare you and your team for a successful opening