Chief Executive Officer
Co-Founder and Chief Brand Officer
Chief Operating Officer
Chief Growth Officer
Chief Financial Officer
Vice President Franchise Operations
Chief Development Officer
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Playa Bowls operates in as little as 1,000 to 1,500 sq ft, so build out is very reasonable. In addition, we don’t cook so our equipment package is nominal. While the target total investment of Playa Bowls is under $500,000, the investment range is as follows:
With ave unit volume sales of nearly 1.12MM+ and a target investment of under $500,000, Playa Bowls boasts a very competitive sales to investment Ratio. Franchisees find when they combine such a strong rate of return on investment with Playa Bowls' no-cooking, low Labor, and simple operations, this allows for rapid, multi-unit growth, multiplying cash flow, and Enterprise value without straining operations.
According to recent data, Smoothie King (the nation’s largest smoothie chain) averaged only $659,567 in sales, just over half of the average $1,117,488 Playa Bowls franchisees generate.In comparison, Jamba, a recognized leader in the juice bar segment franchisees averaged only $719,597 in sales.
There are many reasons franchisees invest in a Playa Bowls franchise and continue to add new locations to their portfolio. The most common reasons are as follows:
The target turnkey price of opening your doors is under $500K. You will need liquid assets of $150K and a net worth of $500K to qualify.
Playa Bowls franchisees open in as little as 1,000 to 1,500 sq ft, creating low overhead and a low break-even point, reducing real estate costs and risk.
The average location generates sales of $1,117,488 in sales, or about $1,000 per square foot. According to CoStar, the average retailer generates a mere $325 per square foot. Playa Bowls franchisees make good use of a small space, cranking out three times the revenue of most other small box chains.
Many food concepts struggle to achieve a 2:1 sales-to-investment ratio. For the same investment or less, we do significantly higher volume leading to the potential for significantly higher cash flow.
It takes only a few employees per shift to staff a Playa Bowls restaurant.
No cooking, baking or frying involved. No grease trap or hood and ansul system required. Small payroll roster compared to other restaurant concepts, reasonable hours of operation.
The average order amount is over $16, contributing to high revenue.
Strong unit-level economics combined with ease of operation allows franchisees to expand into multiple locations quickly.
Playa Bowls has more than 400 locations open with dozens more under development in only 10 years of existence. We’ve grown from only one location in 2014 to over 400 open locations in a little over 10 years.
Playa Bowls franchisees share an average Google rating of 4.7 out of 5 (based on over 16,000 Google reviews), creating brand fans for customers.
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