How much does it cost to open a Tin Drum franchise?
A typical Tin Drum franchise investment costs between $351,800-$563,250 (obtaining landlord’s tenant improvement allowance or refitting an existing restaurant space may greatly reduce these costs).
Don’t have the capital investment? Reach out to us and we will try to help you find the right partner to co-found your franchise.
Can I get a loan to buy a franchise?
Yes. Several companies specialize in funding franchises. Contact us and we will send you additional details on how to finance a franchise purchase.
Can I run a successful franchise if I have no restaurant experience?
As a franchise owner, you will receive comprehensive training and ongoing support from experts in the fast casual franchise restaurant community. We prefer owners to have restaurant experience, but if you would like to play the role of an investor, we can help you find an experienced partner to co-found.
Why should I open a franchise and not a stand-alone restaurant?
Building a restaurant from the ground up can cost millions of dollars and requires sophisticated operational and marketing knowledge, as well as an intimate understanding of the restaurant-world. Opening a franchise allows owners to rely on experts who have years of relevant business experience. Set up is easy, operations are streamlined, and menus and markets have been tested.
How do I get started? Is there a commitment?
Contact us and we will set up some time to understand your background and your goals. We will walk you through every step of the process.
How long has Tin Drum been operating?
Established: 2003 at Georgia Tech, Atlanta, GA 2003 by founder Steven Chan
What inspired Tin Drum?
The need for Fresh to order pan-Asian and Indian fast-casual restaurant and the energy and atmosphere of the streets of Asia and street-side market fare.
What percentage of restaurants are franchise owned?
64%. Current expansion plans are primarily through franchising.
What are the Fees and Terms?
Franchise fee: $30k initial fee. Subsequent fees under a multiunit development agreement are discounted to $25k.
Do we give a discount to veterans? Yes, we offer a 25% discount on the initial franchise fee.
Franchise agreement length: initial term 15 years with one 10-year renewal option
What are the costs and requirements?
Do we have an item 19 financial disclosure? Yes, it is in our FDD which is also issued with contact information for our current franchisees for further due diligence.
AUV: $962,931* *based on a mix of corporate and franchise stores open 2015, 2016, 2017, and 2018. Please refer to our FDD for details
Avg. spend per person: $13.35
Buildout Range: $351,800-563,250* *Negotiating landlord’s tenant buildout allowance or converting an existing restaurant location may greatly reduce this range.
Investment Requirements: $150,000 liquid, $500k net, and previous restaurant experience or a partner owning 5% or more who does.