What is Bosporus Franchise?
Bosporus is a very well operated, established, and successful enterprise.
Bosporus is managed by a team of culinary professionals, highly educated and trained in cuisine architecture. With Turkish roots and experience in other corners of the globe, the management has mastered the fine art of delivering sumptuous food to thousands of satisfied repeat guests. Bosporus’s management philosophy is based on responsibility and mutual respect. People who work at Bosporus love working there, and thrive in the creative and nurturing environment. The team is comprised of over 15 nationalities, including Turkish, European, African and Asian. The size of a typical Bosporus outlet is between 350 sq. meters and 1,500 sq. meters. Bosporus serves multicultural middle to high-end income customers with a flow of approximately 400 to 1000 customers per day. How much does the Franchise Cost?
The initial investment for an individual unit ranges from USD 1,470,500 to USD 3,267,000 (USD 2,369,000 on average) this includes Franchise Fee, Training, 6 Months Rental, Working Capital and Others.
How much does the Franchise Fee Cost?
The initial franchise fee for an Individual franchise unit is USD 60,000.
The Area Development franchise fee payment schedule in table below:
Event Franchise Fee Remarks Upon signing USD 103,500 Includes Franchise Fee for the 1st unit & 50% of next 2 units Upon opening 2nd uni USD 26,000 50% balance of the Franchise Fee Upon opening 3rd unit USD 26,000 50% balance of the Franchise Fee TOTAL USD 155,500 How much is the Fee for Continuing Support Services “Royalty Fee”?
The continuing services, or “royalty fee,” is 6% of your gross sales and is paid monthly. This fee entitles you to use Bosporus service mark, use of distinctive system, marketing assistance, ongoing business development and counseling, and other benefits that come with being a Bosporus franchisee
Will I have an Exclusive Territory?
Bosporus grants an exclusive territory for a minimum of 3 units and agreed upon on a case-by-case basis.
What about Advertising?
Bosporus name and reputation is an important part of our business. You will spend at least 2% of your gross sales per month on local advertising. In addition, if we should establish fees for a Marketing Fund, you will be expected to make Marketing Fund contributions of up to 1% of your monthly gross sales.
How much Training is provided in Bosporus Franchise System?
Initial assistance provided by Bosporus will include the following franchisee training programs:
Phase I — Training provided at a location designated by franchisor: Bosporus’s management will provide franchisees with approximately 21 to 30 days of initial training at headquarters or at a location designated by the Bosporus’s management, beginning approximately 6 to 9 weeks before the franchisee is scheduled to open for business. Phase I Instruction will pertain to administrative, operational, and sales/marketing matters; it will also include a liberal amount of on-the-job training. This training will be provided for the franchisee and Two (2) to Three (3) designated attendees. Phase II — Training provided at the franchisee’s location: – On-site training typically takes place when the franchisee commences operations. Experienced trainers from Bosporus will provide on-site training for a period of 10 to 14 days to assist the franchisee in the commencement of operations. What is the term of the Bosporus Franchise Agreement?
The initial term of the Franchise Agreement is 5 years from the date the Franchise Agreement is signed. The franchise is renewable for 4 additional terms of 5 years each, for a total of 25 years providing you have complied with the provisions of the Franchise Agreement.
What are the Support Programs provided by Bosporus Franchise?
In addition to field support, members of Bosporus’s organization should provide the services listed below:
Operational Support – Bosporus Management will provide ongoing training and support in many areas critical to the success of the franchisee’s business, including unit operations and maintenance, customer-service techniques, product ordering, suggested pricing guidelines, and administrative procedures. Site Selection — Prior to approving a site for Bosporus outlet, the Management will provide franchisees with clear guidelines for a suitable location. Bosporus requires franchisees to follow these instructions to ensure that an appropriate site is located. Marketing Support – Bosporus coordinates development of advertising materials and strategies for the benefit of all members of the franchise network. It also provides franchisees with consumer marketing plans and materials for use at the local or regional level, and retains the right to approve all local advertising materials that the franchisee chooses to develop. Purchasing – Bosporus Management or its affiliate will negotiate quantity discounts on behalf of all of its members, passing some or all of these savings on to the franchisees. Accounting/Audit/Legal — Reporting directly to administration, this department is responsible for the financial and legal oversight of franchisees. Internal Support — The functional areas of training, purchasing, franchisee communications, and research and development are typically included in such a department. Ongoing Research and Development – Bosporus continues to research methods and techniques for franchise operations (including purchasing and promotional schemes) that enhance unit-level profitability. Overall Program Oversight – Bosporus Management will provide the overall coordination and planning for the entire franchise system. What is my next Step?
Simply complete the Franchise Application Form and return it to us. Upon receiving the form we will contact you.