About Taffer's Tavern Franchise
Taffer's Tavern is a full service restaurant and bar franchise created by Jon Taffer, the renowned hospitality expert and star of Bar Rescue.
The concept features a chef driven menu, craft cocktails, and a technology forward kitchen that uses sous vide cooking to reduce food waste and simplify back of house operations.
The brand has been franchising since 2019.
Taffer's Tavern Franchise Cost & Fees
Minimum Investment
$1.4M
Average Investment
$2.1M
Maximum Investment
$2.7M
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $50,000 | One-time payment upon signing |
| Royalty Fee | 6% of Gross Sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Worldwide Creative Marketing Fee: 2% of Gross Sales (1% in casino, airport, or concession venues). Local Advertising: 1% of Gross Sales (spent each month). Advertising Cooperative: Not more than 0.5% of Gross Sales (quarterly, if formed). | National brand fund |
| Total Investment Range | $1,425,000 – $2,682,500 | Includes build-out, inventory, working capital |
The investment range of $1.4M–$2.7M reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (6% of Gross Sales) and marketing fee (Worldwide Creative Marketing Fee: 2% of Gross Sales (1% in casino, airport, or concession venues). Local Advertising: 1% of Gross Sales (spent each month). Advertising Cooperative: Not more than 0.5% of Gross Sales (quarterly, if formed).) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $50,000 | $50,000 |
| Delayed Opening Fee | $0 | $9,000 |
| Leasehold Improvements & Construction Cost (1) | $425,000 | $1,125,000 |
| Licenses and Permits (Not Including a Liquor License) (2) | $10,000 | $15,000 |
| Rent – 3 months (3) | $30,000 | $90,000 |
| Security Deposits (4) | $10,000 | $50,000 |
| Blueprints (5) | $30,000 | $45,000 |
| Furnishings, Fixtures & Equipment (6) | $550,000 | $800,000 |
| Signage – Interior and Exterior (7) | $35,000 | $50,000 |
| Computer System (8) | $9,000 | $12,000 |
| Travel & Living Expenses While Training (9) | $0 | $15,000 |
| Third Party Off-Site Training (10) | $2,500 | $2,500 |
| Opening Assistance & Training Fee (11) | $15,000 | $15,000 |
| Insurance – 3 Months (12) | $1,000 | $2,000 |
| Professional Fees (13) | $2,500 | $4,500 |
| Grand Opening Advertising Campaign (14) | $15,000 | $15,000 |
| Opening Inventory & Supplies (15) | $80,000 | $100,000 |
| On-Site Location Evaluation (16) | $0 | $7,500 |
| Audio/Visual System (17) | $65,000 | $85,000 |
| Ancillary Real Estate Costs (18) | $5,000 | $25,000 |
| Additional Funds – 3 Months (19) | $90,000 | $165,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $15,000 (Franchise Agreement); 50% of then-current Initial Franchise Fee (Multi-Unit Operator Agreement) |
| Renewal Fee | $5,000 (Successor Agreement Fee) |
| Technology Fee | Currently $0, subject to increase, up to $200/month |
| Audit Fee | Estimated between $1,000 and $5,000 |
| Relocation Fee | $15,000 |
| Interest | Lesser of 18% per annum of balance due or highest commercial contract interest rate law allows, but not less than $100 per occurrence |
| Prohibited Product or Service Fine | $250 per day of use of unauthorized products or services |
| Insufficient Funds Fee | $100 per occurrence |
| Insurance | Premiums and our costs and expenses plus 10% administrative fee |
| Management Fee | 12% of Gross Sales plus expenses |
| Indemnification | Will vary under circumstances |
| Costs and Attorneys’ Fees | Will vary under circumstances |
| Product and/or Supplier Evaluation | Reimbursement of our evaluation costs, but not more than $2,500 |
| Liquidated Damages | The lower of the average monthly Royalty Fees you paid or owed to us during the 12 months of operation preceding the effective date of termination multiplied by (a) 24 (being the number of months in 2 full years), or (b) the number of months remaining in the Agreement had it not been terminated |
| Customer Satisfaction Evaluations ("Mystery Shops") | Up to $250 per month |
| Violation of Non-Competition Covenant | $500 per week |
| ServSafe / TIPS (or Similar) Industry Certifications | $150 per person or the then-current market rate |
| Restaurant Refurbishment | Will vary under the circumstances, but we estimate not less than .75% of gross revenue per year |
| Refresher Training Program and Franchisee Meeting | Up to $1,500 per person, plus expenses |
| Music Service | $39.95 per month and $179 set up fee |
| Dedicated Email Address and branded signature on the Taffer’s Tavern Email Server | Up to $10 per user’s email address and signature |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | approximately three weeks |
| Classroom Training | 40 |
| On-the-Job Training | 40 |
| Training Location | Las Vegas, Nevada or at a location to be decided |
| Additional Training | If you request that we provide additional training at your Restaurant or if we determine that additional training is necessary for you, you must pay this fee and reimburse us for each or our trainer’s expenses, including travel, lodging and meals. We may charge a fee of up to $1,500 per person for refresher training program or the franchisee meeting. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive, Designated Territory |
| Exclusive Territory | No |
| Territory Size | minimum radius of 1/4 mile (urban) or two miles (suburban) |
| Description | The designated geographical territory (“Designated Territory”) will depend on whether your Restaurant will be located in an urban or a suburban setting. If your Restaurant is located in an urban setting you will be granted a minimum radius of 1/4 mile and for a suburban setting you will be granted a minimum radius of two miles, for a single franchise unit sale, as agreed upon before signing the Franchise Agreement. The actual boundaries of your Designated Territory will not be determined until the location for your Restaurant has been determined. If you are a Multi-Unit Operator, each Restaurant and its Designated Territory will be located within your Development Area. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | 10 years |
| Renewal Fee | $5,000 |
| Renewal Conditions | You must provide notice that you wish to enter into a successor agreement, you must be current in all payments and not in default of your Franchise Agreement; if we require, you must renovate and/or upgrade your Store; you must sign a release; sign a successor franchise agreement; you must pay a successor agreement fee. |
| Transfer Fee | $15,000 |
| Transfer Conditions | You must pay all amounts due us or our affiliates, not otherwise be in default, sign a general release, and pay a transfer fee. Transferee must meet our criteria, satisfactorily complete training, sign current Franchise Agreement and, at our option, remodel the Restaurant |
| Termination for Cause | Each of your obligations under the Franchise Agreement is a material and essential obligation, the breach of which may result in termination. Non-curable defaults include insolvency, bankruptcy, selling unauthorized products, failure to acquire accepted location, failure to remodel, failure to open, abandonment, felony conviction, public health/safety danger, unauthorized transfer, false books/records, anti-terrorism/RICO Act violation. Curable defaults include failure to pay money, failure to obtain signed confidentiality covenants, failure to procure/maintain insurance, unauthorized Mark use, health/safety violations, or other defaults susceptible to cure. |
| Non-Compete Period | 2 years |
| Non-Compete Details | You and your Principals are prohibited for two years from expiration, termination or transfer of the franchise from operating or having an interest in a similar business within 20 miles of any Restaurant in the System. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | No |
| Participation Details | During the entire term of the Franchise Agreement and any successor agreements, you must consistently employ a minimum of one General Manager and two Managers to be responsible for the supervision and management of the Restaurant. The General Manager and Managers must devote their full time and reasonable efforts the day-to-day operations of the Restaurant. A Principal can be the General Manager or Manager if they have at least three years of previous restaurant management or restaurant ownership experience. The Designated Controlling Principal may not be the General Manager or Manager. |
| Required Suppliers | You must purchase or lease and install all fixtures, furnishings, equipment, computer system (point-of-sale system, hardware and software), décor items, signs and related items we require, all of which must conform to the standards and specifications in our Confidential Operations Manual (“Manual”) or otherwise in writing. You will obtain all food and beverage items, ingredients, supplies, materials, fixtures, furnishings, equipment, computer system and other products used or offered for sale at the Restaurant solely from our approved suppliers. You must purchase the computer system hardware and software and your credit card processing from Shift4 Payments, LLC. You must also use Pinnacle for computer system support. |
| Supply Restrictions | Currently neither we nor our affiliates are an approved supplier of any item you must purchase or lease, but we reserve the right to designate ourselves or our affiliates as an approved supplier in the future. None of our officers has an ownership interest in any approved suppliers. |
| Franchisor Revenue from Suppliers | As of May 31, 2022, we derived revenues of $12,660, or 3.82% of our total revenues of $331,660 for these franchisee purchases from suppliers. Shift4 Payments, LLC is a designated supplier for your computer system hardware, software and credit card processing. We receive rebates from Shift4 Payments, LLC based on franchisee purchases and services. As of May 31, 2022, we derived revenues of $5,295, or 1.60% of our total revenues of $331,660 for these franchisee purchases from Shift4 Payments, LLC. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | We do not offer direct or indirect financing. We do not guarantee your note, lease or obligation. |
Taffer's Tavern Franchise Earnings — Item 19
Average Revenue
$3.6M
Sample Size
1 units
Past financial performance does not guarantee future results. Individual results will vary.
Taffer's Tavern Litigation & Risk Flags
Clean Litigation RecordTaffer's Tavern has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Taffer's Tavern System Growth
Total Units
2
Franchised
2
Company-Owned
0
Taffer's Tavern currently operates 2 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2020 | 0 | 0 | 0 |
| 2021 | 1 | 0 | 1 |
| 2022 | 1 | 0 | 2 |
Transfers: 0 | Closures: 0
Public Figures (Item 18)
The following public figures are associated with this franchise: Jon Taffer
State Registrations
Registered in 16 states: CA, CT, HI, IL, IN, MD, MI, MN, NY, ND, OR, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
Revenue
$418K
Net Income
$-602,634
Total Assets
$941K
Audited by GTL LLP for year ending May 31.
Taffer's Tavern Franchise — FAQ
The total investment to open a Taffer's Tavern franchise ranges from $1,425,000 to $2,682,500, per their Franchise Disclosure Document. This includes the initial franchise fee of $50,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Taffer's Tavern charges a royalty fee of 6% of Gross Sales of gross sales, plus a Worldwide Creative Marketing Fee: 2% of Gross Sales (1% in casino, airport, or concession venues). Local Advertising: 1% of Gross Sales (spent each month). Advertising Cooperative: Not more than 0.5% of Gross Sales (quarterly, if formed). contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Taffer's Tavern Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Taffer's Tavern to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Taffer's Tavern franchise owners report average revenue of $3.6M. This is based on a sample of 1 units. Past performance does not guarantee future results.
Taffer's Tavern has been franchising since 2019. The FDD shows an investment range of $1,425,000-$2,682,500, a 6% of Gross Sales royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $50,000 and the total investment ranges from $1,425,000 to $2,682,500 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
Similar Food & Beverage Franchises
Interested in Taffer's Tavern?
Get free info on this franchise. We will send you a detailed FDD report by email.
Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Taffer's Tavern and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Taffer's Tavern or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com