Frequently Asked Questions
• How much money do I need to get started?
The average initial investment to open a single Petro's® Chili & Chips restaurant ranges from $75,000 - $324,950. These costs include franchise fee, lease deposits, leasehold improvements, fixtures and equipment, miscellaneous suppliers, opening inventory, initial advertising, signs and working capital.
• Is financing available?
Petro's® Chili & Chips does not offer financing. Bank and SBA loan finance programs have been utilized by financially qualified franchises to finance their restaurants.
• How long will it take to get my Petro's® Chili & Chips ® franchise open?
Each location is different, depending on a variety of factors, including site selection, build-out requirements and training. However, it typically takes approximately ten months from signing the franchise agreement to opening day at your Petro's® restaurant.
•What fees will I be paying in terms of royalties and/or advertising?
The monthly royalty is 5% of net sales (gross sales less sales tax). Building regional and national recognition of the Petros Chili & Chips® name and reputation is an essential objective of the system. Each store expends a minimum of 5% Marketing fee of which 4% is for local advertising in their local markets using approved materials and 1% is for national advertising.
• How much money can I make as a Petros Chili & Chips ® franchisee?
The Federal Trade Commission, through the Franchise Disclosure Document contract, prohibits Petro's® Chili & Chips from making specific profit projections. We encourage you to learn more about our restaurants by speaking with our franchisees. Our franchisees were once in your position of investigating our franchise program and had many of the same questions you probably have now.
• Do I receive training by Petros Chili & Chips ®?
Prior to your restaurant opening, we will furnish initial training on the operation of a Petros Chili & Chips ® restaurant. The training lasts three weeks: consisting both of classroom content and in-restaurant developmental activities. We require that two people attend training prior to the store opening.
• How do I get started? Online Application
The first step is to return the online application or print and fax an application to us. This does not obligate you or Petros Chili & Chips® in any way. Upon receipt and review, we will contact you to arrange a meeting and address your questions. You will also receive a franchise CD in the mail which includes our FDD. Our Franchise Disclosure Document (FDD) contains information required by the Federal Trade Commission and the particular state in which your Petros Chili & Chips® restaurant will be located. A copy of our franchise agreement is contained in this document. The FDD will enable you to diligently investigate our franchise program.
• Do I need prior food or restaurant experience to own a Petros?
No. While it does help to have prior food or restaurant experience, Petros does not require it. We have franchisees from all walks of life. What is most important to us is that we have franchisees with a willingness to work hard and a passion for their business.
• What sets Petros Chili & Chips apart from the competition?
Our competitive advantage! There's nowhere else where you can get: a Petro, AWESOME! All of this comes with great company support including constant operations communication and guidance.
• Is there someone to guide me through the entire process?
Absolutely. We are staffed with a team of well-qualified professionals who are here to help you feel comfortable in every step you take with Petros. We have a Director of Franchisee Operations who will guide you through the process from your site selection until your doors open for business. Our entire staff works hard to ensure that you have a successful opening and is always available for communication to continue the success of your store.
• What grand opening support do I receive?
The week of your grand opening, you will have at least one corporate trainer in your store in addition to any other member of our team to help you start off on the right foot. The corporate trainer will stay with you for two weeks during your grand opening and will visit you again within the first two months of your restaurant being open. We will also help you organize and execute your training and hiring process, along with overcoming any obstacles that may arise in the days prior to opening.