ATLANTA, Aug. 11, 2015 /PRNewswire/ -- Global Franchise Group (GFG), the strategic brand management company and franchisor of Great American Cookies®, Pretzelmaker®, Marble Slab Creamery® and Hot Dog on a Stick™, is looking to expand its footprint and enter new markets. For a limited time only, GFG is offering Development and Conversion Incentives valuing more than $75,000 per area development agreement. The programs allow franchisees to diversify their portfolios by adding new brands and also features exciting perks for those interested in converting from other food service brands.
"Global Franchise Group rarely offers any franchise development incentives so now is the time for interested franchisees to enjoy expanding their franchise portfolio with proven brands," said Tim Linderman, Vice President of Franchise Sales for GFG. "All of our brands showed Same Store Sales growth last year as compared to 2013, as well as leadership in the marketplace. For example, Great American Cookies is continually recognized as the Category Leader in Baked Goods Franchises, Marble Slab Creamery is featured as Customer's Favorite Franchises, and Pretzelmaker is widely known to lead the category in Product Innovation."
GFG's Development Incentive (GDI) is targeting new and existing franchise owners entering into new and underdeveloped markets for GFG brands. The program is effective August 10, 2015 and any franchise owner/prospect signing an Area Development Agreement (ADA) prior to November 10, 2015 for a minimum of three stores will qualify. The GDI offers the following reduced Initial Franchise Fees (IFF):
- Three to four store ADA – The IFF for the first store will be $15,000 and $20,000 for stores two through four.
- Five plus store ADA - The IFF for all stores will be $15,000 each.
- Royalty rate for the first year of operations of each store opened under an ADA will be reduced to 4 percent (Great American Cookies, Marble Slab Creamery, Pretzelmaker and Hot Dog on a Stick).
GFG's Conversion Incentive (CI) is designed to help franchisees looking to convert their location to a new franchise concept. The franchisee must have an expiring or properly terminated franchise agreement with any brand that shares GFG square footage requirements while competing for the same consumer in the food and snack segments, not previously affiliated with GFG. The CI is effective August 10, 2015 through December 10, 2015 and is available to all qualified franchisees. The CI offers the following reduced IFF and royalty rates:
- $10,000 IFF for each store.
- Royalty rate for the first year of operations will be reduced to 4 percent (Great American Cookies, Marble Slab Creamery, Pretzelmaker and Hot Dog on a Stick.)
For more information and full requirements, please visit:
Great American Cookies: http://www.greatamericancookiesfranchise.com/incentive
Marble Slab Creamery: http://www.marbleslabfranchise.com/incentive
Hot Dog on a Stick: http://www.hotdogonastickfranchise.com/incentive
About Global Franchise Group, LLC - www.globalfranchise.com
Global Franchise Group, LLC is a strategic brand management company with a mission of championing franchise brands and the people who build them. The company owns a portfolio of franchise brands that includes five primary quick service restaurant (QSR) franchise concepts: Great American Cookies®, Hot Dog on a Stick™, Marble Slab Creamery®, MaggieMoo's Ice Cream & Treatery®, and Pretzelmaker®. The brands are managed by GFG Management, LLC, a subsidiary of Global Franchise Group, LLC. Global Franchise Group, LLC is a portfolio company of Levine Leichtman Capital Partners, an independent investment firm, with approximately $7 billion of capital under management and substantial franchise management experience.
SOURCE Global Franchise Group