 
Investment Outline
Sizzler Site Criteria
Investment Outline
| Investment Steps: | ESTIMATED AMOUNT (Note 1) |
|---|
| Initial Franchise Fee (Notes 2, 3, 4 And 5) | $35,000 | | Architect Fees and Permits (Note 6) | $25,000 - $75,000 | | Furniture, Fixtures and Equipment (Note 7) | $430,000 - $460,000 | | Utility Deposits | $5,000 - $10,000 | | Utility Hook-Up Fees (Note 8) | $25,000 - $100,000 | | Opening Inventory | $20,000 - $25,000 | | Insurance (premium for 1 year) (Note 9) | $15,000 - $25,000 | | Signage (Note 10) | $15,000 - $30,000 | | Liquor License (Note 11) | $2,000 - $30,000 | | Advertising and Promotion | $2,500 - $5,000 | | Training (Note 12) | $35,000 - $45,000 | | Real Estate Deposits (Note 13) | $22,500 - $45,000 | | Leasehold Improvements (Note 14) | $80,000 - $600,000 | | Additional Funds and Misc. Costs (Note 15) | $191,000 - $267,000 | | Smallwares | $30,000 - $35,000 | | Total (When established in a Leasehold) | $933,000 - $1,787,000 | | Optional: (Note 16) | | Land Acquisition | $500,000 - $1,000,000 | | Building and Construction Cost | $725,000 - $870,000 | | Optional Total (Note 17) | $2,078,000 - $3,057,000 |
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Site Criteria:
- 5870 square foot prototype building (approximately 195 seats)
- 1.25 to 1.5 acres depending on set-backs and building orientation
- Minimum of 115 to 120 parking stalls
- Target 30,000 cars per day, as a combination of primary (frontage) and secondary (cross street) roadway traffic with high visibility (strong preference for a cross street or "hard-corner", with visibility from both primary & secondary roadways via direct line of sight or signage)
- Convenient ingress & egress (signalized intersection and/or right turn access to and from site or left turn access)
- Minimum residential population of 30,000 within a 3-mile radius, 50,000 within a 5-mile radius and 100,000 within a 7-mile radius of site
- Preferred day-time population of 20,000+ within 1-mile of site (key factor: accessibility to employment areas and close proximity to a mix of lunchtime specific restaurants such as fast casual concepts)
- Availability and extent of exterior signage (building, monument, pole & freeway pole)
- Ideal co-tenants and/or neighbors (within 1 to 2 miles): active mid price & discount retailers (Wal-Mart, Target, Kohl's - ideally situated on an out-parcel or pad of these discount retailers' shopping centers), limited service hotels, family attractions (theme parks etc.)
- Building exterior to allow for Sizzler standard design and signage
- Zoning to accommodate restaurant use and allow for liquor license (beer & wine)
General Demographics:
- Household average income in the $50,000 range (variable depending on region/cost of living)
- Competition, ideally less than 7 competitors per 1,000 HHs (households)
- High distribution of HHs with children (more than 34%)
- Population under the age of 18 years old (more than 25%)
- Few senior citizens - population over the age of 65 years old (less than 11%)
- Higher distribution of "Blue Collar" workers (more than 22%)
- Lower distribution of "White Collar" workers (less than 61%)
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