With venues in 75 countries, including 181 cafes, 25 hotels and 11 casinos, Hard Rock International (HRI) is one of the most globally recognized companies. Beginning with an Eric Clapton guitar, Hard Rock owns the world's greatest collection of music memorabilia, which is displayed at its locations around the globe.
FRANCHISE COSTS
There are various costs and fees associated with the acquisition of a Hard Rock Cafe Franchise. An estimated initial investment range as well the different fees are outlined below:
INITIAL INVESTMENT
Amounts may vary depending on the restaurant and other Factors.
We have prepared these estimates based on our experience. Except as expressly indicated otherwise, these estimates cover your initial cash investment up to the opening of your Restaurant. They do not provide for your cash needs to cover any financing incurred by you or your other expenses. You should not plan to draw income from the operation during the start-up and development stage of your business, the actual duration of which will vary materially from restaurant to restaurant and cannot be predicted by us for your Restaurant. You must have additional sums available, whether in cash or through a bank line of credit, or have other assets which you may liquidate or against which you may borrow, to cover other expenses and any operating losses you may sustain, whether during your start-up and development stage, or beyond. The amount of necessary reserves will vary greatly from franchisee to franchisee and will depend upon many factors, including the rate of growth and success of your business, which in turn will depend upon factors such as the demographics and economic conditions in the area in which your Restaurant is located, the presence of other "Hard Rock Cafe" Restaurants or other public awareness of our business and trademarks within the general vicinity of your proposed Restaurant, your ability to operate efficiently and in conformance with our recommended methods of doing business, and competition. Because the exact amount of reserves will vary from operation to operation and cannot be meaningfully estimated by us, we urge you to retain the services of an experienced accountant or financial advisor to develop a business plan and financial projections for your particular operation.
Hard Rock International is currently looking for experienced multi-unit operators with proven experience and success in the target market and a desire to grow the Hard Rock Cafe brand. Each candidate meeting the requirements will be evaluated on a combination of the required industry experience, operational and management experience, general business acumen and specific target market knowledge.
Requirements
The applicant must have demonstrative experience of 2 or more of the following criteria:
Financial Requirements
Hard Rock International is currently looking for experienced multi-unit operators who have a $ 2,000,000 net worth and liquidity of at least $ 1,000,000. You must be able to demonstrate this with personal and/or corporate financial statements.
Restaurant/ Food & Beverage related Industry Experience & requirements:
Pre-Qualification (1-2 weeks)
Approval Process & Qualification (4 weeks)
Letter of Intent (LOI) (4-12 weeks)
Formal Franchise Agreements (4-8 weeks)
