What is the typical size of a Love Vibe outlet?
The size of a typical LOVE VIBE outlet is between 2,500 sq. feet and 3,000 sq. feet. LOVE VIBE serves multicultural middle to high-end income customers.
How much does franchise fee cost?
The initial franchise fee for an Individual franchise outlet is AED 170,000.
For the Area Development franchise fee (3 outlets and above the franchise fee per outlet will be
AED 135,000 (instead of AED 510,000 for 3 outlets, the discounted amount is AED 405,000).
What is the initial investment cost for an individual outlet?
The initial investment for an individual outlet ranges from AED 3,590,000 to AED 4,400,000 (AED 3,995,000 on average) this includes Franchise Fee, Training, 6 Months Rental, Working Capital and Others. The initial investment estimates are based on UAE outlets.
How much is the Fee for Continuing Support Services “Royalty Fee”?
The continuing services, or “royalty fee,” is 7.00% of your gross sales (excluding taxes before discounts) and is paid monthly. This fee entitles you to use LOVE VIBE service mark, use of distinctive system, marketing assistance, ongoing business development and counseling, and other benefits that come with being a LOVE VIBE franchisee.
Will I have an Exclusive Territory?
LOVE VIBE grants an exclusive territory for a minimum of 3 outlets and agreed upon on a case-by-case basis. In the case of an Individual agreement, there will be a minimum radius to prevent
cannibalization between outlets.
What about Advertising?
LOVE VIBE’s name and reputation is an important part of our business. Franchisee will spend at least 2% of your gross sales per month on local advertising. In addition, Franchisee will be required to contribute 1.5% of their gross sales to international marketing funds.
How much Training is provided in LOVE VIBE Franchise System?
Initial assistance provided by LOVE VIBE will include the following franchisee training programs:
Phase I -- Training provided at a location designated by franchisor: LOVE VIBE’s management will provide franchisees with approximately Fourtee (14) to Twenty One (21) days of initial training at headquarters or at a location designated by the LOVE VIBE’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 One (1) to Two (2) 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 LOVE VIBE will provide on-site training for a period of Seven (7) to Ten (10) days to assist the franchisee in the commencement of operations.
What is the term of the LOVE VIBE 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 VIBE Franchise?
Operational Support – LOVE VIBE’s Management will provide ongoing training and support in many areas critical to the success of the franchisee's business, including outlet operations and maintenance, customer-service techniques, product/equipment ordering, food safety, suggested pricing guidelines, quality standards and administrative procedures.
Site Selection – Prior to approving a site for LOVE VIBE’s outlet, the Management will provide
franchisees with clear guidelines for a suitable location. LOVE VIBE requires franchisees to follow these instructions to ensure that an appropriate site is located.
Marketing Support – LOVE VIBE 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 – LOVE VIBE’s Management or its affiliate will negotiate quantity discounts on behalf of all 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 – LOVE VIBE continues to research methods and techniques for franchise operations (including purchasing and promotional schemes) that enhance outlet-level profitability.
Overall Program Oversight – LOVE VIBE’s Management will provide the overall coordination and planning for the entire franchise system.
What is my Next Step?
Simply complete the Franchise Evaluation Form and mail to email@example.com. Upon receiving the form, our franchise team will contact you.