Description
Red Lobster franchise. Brand history. Franchise cost
Red Lobster is a chain of restaurants and fast food restaurants. The restaurant chain is headquartered in Orlando. Today, the total number of restaurants in this chain reaches almost a thousand outlets around the world. Restaurants operate in Japan, European countries, the United Arab Emirates, Qatar, Puerto Rico and many other countries.
The first Red Lobster restaurant was opened in 1968 by two entrepreneurs – Charlie Woodsby and Bill Darden. A restaurant of this type was opened in the small town of Lakeland, Florida. Initially, this establishment offered visitors only seafood, because the restaurant itself was located on the ocean. But over the next few years, outlets opened up in other American cities and the menu began to include more than just seafood.
In 1970, several Red Lobster restaurants were acquired by General Mills Corporation, after which the chain began to expand rapidly and open offices not only in the United States but also in other countries. In 2014, the total turnover in the restaurant chain exceeded $ 2.1 billion per year.
As before, today the main dish in the restaurant chain is crabs and lobsters of various kinds. Branded sauces and various side dishes are prepared especially for them. In addition, the network’s management often works with various advertising companies and even singers to promote their establishments.
If you want to buy a franchise Red Lobster, or another brand, then our experts will be happy to help you in choosing a franchise, or a ready-made business, implementation and project management.
Franchise Costs & Fees:
- The initial franchise fee is $ 9,500.
- Royalty – 5% of total income per month.
- Advertising fee – 3-4%, depending on the region where the restaurant is located.
- Equipment – about 80 thousand dollars.
- Total investments – from 400 to 700 thousand dollars.
Red Lobster franchise: The information is taken for review from open sources and may differ from the official ones. The terms and conditions can be found on the company’s website: https://www.redlobster.com.
Our services
Proriat Hospitality Partners – effective management and guarantee to restaurants’ and hotels’ profitability. Learn more about our solutions and services: www.proriat.com
Proriat Real Estate – turnkey solutions in selecting the best HoReCa premises. Commercial real estate catalog and sale of ready-made business: www.proriat-realestate.com
Proriat Franchise Development – brand development, attracting partners, franchisees, and opening new restaurants. Franchise catalog on the website: www.proriat-franchise.com
Photos
