From Athletics to Affluence
LCP Concessions guides high net worth individuals, particularly athletes, in diversifying their portfolios and building lasting wealth by investing in lucrative franchise opportunities.
STORE OWNERSHIP
Become an owner in a franchise store of your choice
Store Operations
LCP Concessions provides a full turnkey solution that manages site selection, lease negotiations, store build-out and store operations
1.
Introductory Owners MeetingThis meeting is intended to learn more about your franchise interests and financial objectives. We introduce you to our brands and schedule meetings or site visits with our franchisors before you choose.
2.
JV & Franchise DocumentationYou sign a JV agreement with LCP Concessions and finish all required franchise paperwork to begin your journey as a partner and franchise owner. Welcome onboard, you’re a part of the team!
3.
Site Selection & Lease PaperworkLCP Concessions leads site search in your preferred markets and once the store location is finalized, all lease paperwork is executed by all partners.
4.
Loan Application & FinancingAll partners will provide pertinent financial documentation for loan application.
5.
Store Design & Build-OutLCP Concessions leads the design and development of the store by working with architects, contractors, and government agencies. We provide periodic updates to you throughout this build-out.
6.
Grand OpeningStore is now open for business. LCP Concessions plans marketing and grand opening events to drive customers to your stores and create brand awareness.
Franchise Opportunities
Frequently Asked Questions
Do I Need Experience?
Our partners do not need to have any restaurant operations experience, though it is helpful. We are looking for individuals or groups who are passionate about franchising, have a sincere interest in business and have the financial ability to invest in the development of multiple franchises. The LCP Concessions team will assume all operational responsibility for the franchises.
How Long Does It Takes To Become A Franchisee?
From signed agreement to opening usually takes a year. This can be sooner for already identified locations and securing locations that previously had restaurant operations. We have a process we follow that is designed to create time for us to get to know one another, understand each others’ goals and set a foundation for real growth. It is important to make sure we are all working in the same direction toward a long, successful partnership.
How Much Will I Pay In Royalties And Marketing Fees?
The royalty fees vary for each franchise. Most are usually in the 5% – 6% range of gross revenues. Each franchise usually have an additional marketing fee that is usually 1% – 2% of gross revenues. This 6% – 8% is paid directly to the franchise brand, not LCP Concessions. These fees are normal and usually hurt the bottom line of most franchises. This is why we choose to partner with high growth, high margin franchise so we reduce the impact of these fees.
How Much Money Can I Make As A Franchisee?
We are not allowed to make profit projections based on the regulations set by the Federal Trade Commission. The profitability of your restaurants will depend on market, traffic patterns, local marketing, effective operations and other factors common to most businesses. Each franchise does provide a Franchise Disclosure Document (FDD) that summarizes profitability of other units so there’s some expectation of gross and net profit for each franchise partner.
Do You Offer Financing?
We do not offer financing. This platform is designed for high-net-worth investors capable of providing their share of the startup costs.
Will You Help Me Find A Location?
Yes! We have real estate tools that match the brand to the target location. You will provide us a preferred city. Our team will engage and review potential sites. The LCP Concessions team will handle site negotiations to ensure the best possible rate for the partnership.
What Training And Support Will I Receive?
Each franchise has distinctive training programs. Restaurant managers and team members are provided by the LCP Concessions team. All managers will go through a thorough, franchise approved training program, which includes classroom and on-the-job training. Although not necessary, we encourage you as an owner to participate in the training program. Ongoing support efforts, peer review and quality assurance programming is a standard part of ensuring each franchise is operating in the most efficient and profitable way possible.
How Many Franchises Can I Purchase?
There are no limit to the number of franchises you can own. You can also own different brands.