A good time awaits you at Tom’s Urban. Bring your friends and a healthy appetite for sharing a laugh – or many. The mix of epic cocktails and good eats infused with international liveliness shakes up any gathering, whether small and intimate or big and rowdy.
For most of his adult life Tom has been traveling the world, tasting the many flavors each country has to offer while learning and understanding, how each culture eats and enjoys food. His career in the global food industry has taken him to every corner of the world, and in those corners he continually hears the stories, feels the pulse, smells the spice and tastes the culinary passion of the people. Tom’s deep-seated love for understanding local foods has inspired him to create a space for other culinary lovers to know the world one small plate at a time, only this time he's added a deliciously urban twist.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2013 | 0 | -- | 0 | -100.0% | 0 | -100.0% |
| 2012 | 0 | -- | 1 | -- | 1 | -- |
The initial franchise fee for a Tom's Urban franchise is $50,000. Tom's Urban provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Established Low Range | Established High Range |
|---|---|---|
| Initial Franchise Fee | $50,000 | $50,000 |
| Initial Training | $65,000 | $95,000 |
| Employee Training Costs | $80,000 | $180,000 |
| Leasehold Improvements | $825,000 | $2,250,000 |
| Furniture, Fixtures and Equipment | $425,000 | $900,000 |
| Signage | $30,000 | $175,000 |
| Computer System | $35,000 | $80,000 |
| Three Months' Rent | $18,000 | $280,000 |
| Security Deposit | $20,000 | $90,000 |
| Opening Inventory and Supplies | $11,500 | $35,000 |
| Grand Opening Advertising | $25,000 | $35,000 |
| On-Site Opening Assistance | $25,000 | $75,000 |
| Miscellaneous Opening Costs | $50,000 | $90,000 |
| Design/Architect | $60,000 | $150,000 |
| Professional Fees | $25,000 | $150,000 |
| Insurance Premium | $25,000 | $250,000 |
| Possession Agreement Review Fee | $1,500 | $1,500 |
| Schematic Development Fee | $0 | $4,000 |
| Additional Funds (3 months) | $50,000 | $200,000 |
| Total Investment | $1,821,000 | $5,090,500 |
Tom's Urban franchisees are responsible for the following ongoing expenses: a weekly royalty fee of 5.5% of gross sales, and a periodic brand promotion fund contribution of up to 5% of gross sales (not currently charged). Additional expenses include a transfer fee, and a renewal fee, among others.
The Tom's Urban initial training program involves approximately 8 weeks of training at our principal offices (currently located in Denver, CO) and/or at your newly franchised business location. The training program is offered to the franchisee and the Designated Manager, and is designed to cover all phases of the operation of Tom's Urban businesses, including: human resources, restaurant management, POS Systems training, and store transition. Additional training is available upon request, and a training team may be sent to your business location to assist with its grand opening.
Tom's Urban does not grant exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2014 FDD.