Home Newsmakers Companies First Watch franchises available

First Watch franchises available

February 12, 2008

The Bradenton company will offer regional franchises in 35 states Bradenton-based First Watch Restaurants Inc. announced Monday that will sell regional franchises in 35 states this year. First Watch, founded in 1983, is a breakfast-and-lunch operator with 78 locations in 11 states. The privately held company reported sales of $72 million in 2007. Requirements of franchisees will include: A minimum net worth of $2 million in liquid assets, with resources available to develop at least five restaurants in a territory; payment of a $35,000 franchise fee per restaurant; and payment of a $17,500 development fee per restaurant that will be credited toward the franchise fee of additional restaurants as they open. Potential investors can learn more at www.firstwatch.com/franchise.htm.

 

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