For this discussion, review the submissions your student peers made in Post 1.
When responding to your classmate, you may NOT respond to a student who has picked the same franchise as you did. The goal is to research more than just the one franchise you selected to post about.
Briefly summarize your fellow student’s selected franchise information and financing option selected in your response post and provide your opinion on the following:
Do you agree or disagree with your fellow student’s conclusion on the worthiness of the franchise investment they selected and the financing option preferred?
Why or why not?
If you use sources to support your position, list as references and use citations in APA format.
There will be one initial post and a minimum of one response post required this week.
All initial posts begin a new thread by replying – “YOUR LAST NAME – Post 1”
All response posts will be on the original poster’s initial post thread and will be labeled – “YOUR LAST NAME – Post 2”
Please respond to the post below:
WILLIAMSON– Post 1
Supreme Fish Delight is a fast casual restaurant that specializes in seafood, but also serves chicken wings
and homemade desserts. There are several locations in metro Atlanta. Their seafood menu consists of
several types of fish, crab legs and shrimp along with sides like hushpuppies, coleslaw, corn-on-the-cobb
and green beans, just to name a few. As the only pescatarian in my family, this restaurant has become
my favorite Friday night take-out spot to get something quick for everyone. Once I began my research
on franchise opportunities for Supreme Fish Delight, I came across Supreme Burger which is a fast casual
gourmet burger restaurant under the same umbrella, Supreme Foods Franchising (Muslim Journal, September 17, 2021). Supreme Burger allows consumers to choose their meat. Some
options include beef, fish, shrimp, bean, salmon, lamb and others. They also serve chicken wings for those who aren’t big burger fans. There is one Supreme Burger location in Decatur, GA. It was founded in 2015 and franchised in 2019. (Muslim Journal, September 17, 2021.) Fun fact: Adeidra Washington is the Director of Operations of Supreme Foods Worldwide, Inc. (parent company of Supreme Fish Delight and Supreme Burger) and she received her Master’s degree in Public Policy in 2011 from none other than Troy University! (Supreme Foods Franchising, October 1, 2022).
Supreme Foods Franchising provides Supreme Burger franchisees many programs that will help them become successful. They offer training and support, regular consultation visits, a toll-free helpline, operational support, real estate support and top-quality insurance. These are only some of the programs provided. (Offering Statement, page 35). The franchise fee and total cost/investment for a Supreme Burger restaurant are as follows (Franchise consulting services from Evergreen Franchise Advisors, LLC. October 1, 2022):
*Franchise fee: $25,000
*Royalty: 4%
*Total Investment: $125,000 – $250,000
*Investment Average $200,000 based on the upper end of a strip mall location (Offering Statement, page 25).
There are current systems in place for inventory purchasing, deposits, bookkeeping/accounting, point of
sales and merchant services (Offering Statement, page 36), though no itemized listing of costs nor investments have been publicly published. Supreme Foods Franchising on behalf of Supreme Burger seems to limit this information to serious franchise inquiries only.
Five-Year Loan Period at 5% Interest Per Year:
Amount borrowed: $20,000
Monthly payment: $3,774.25
Total interest cost: $26,454.76
Total amount paid for the life of the loan: $226.454.76
Ten-Year Loan Period at 6% Interest Per Year:
Amount borrowed: $200,000
Monthly payment: $2,220.41
Total interest cost: $66,449.21
Total amount paid for the life of the loan: $266,449.21
Based on the information that I compiled, I do believe that Supreme Burger is a worthy investment. The
gourmet burger concept is one that will appeal to many. Consumers love burgers, but are also becoming
more health conscious. A burger restaurant that will allow you to choose your meat is perfect blending
of health and taste. Supreme Burger has multiple beef alternatives that appeal to many. I believe that
Supreme Burger will initially benefit from the loyal customer base of Supreme Fish Delight, but will over
time, develop their own group of loyal customers. Based on my research, this seems to be a company that I would consider as a great investment opportunity. I compared the 5-year loan type with the 10-year loan and found that the 5-year loan plan would be the better choice. The monthly payment for the 5-year plan is about $1,500 more than the monthly payment for the 10-year plan, and the total interest paid for the 10-yr plan is more than double the amount of the 5 year plan. The approximately $40,000 price tag to save about $1,500 per month over a 5 year period isn’t worth the cost.
REFERENCES
Muslim Journal. (Vol 47. No 1. 2021, September 17). Supreme Foods worldwide – The birth of a business. Retrieved October 2, 2022, from https://muslimjournal.net/supreme-foods-worldwide-the-birth-of-a-business/Links to an external site.
Supreme Foods Franchising. (n.d.). Invest in Supreme Foods Franchising, inc on @trucrowd. truCrowd. Retrieved October 1, 2022, from https://us.trucrowd.com/equity/offer-summary/SupremeFoodsLinks to an external site.
Offering statement form C – sec.report. (n.d.). PDF. Retrieved October 2, 2022, from https://sec.report/Document/0001840688-21-000001/Links to an external site.
Franchise consulting services from Evergreen Franchise Advisors, LLC. Franchise Consulting Services from Evergreen Franchise Advisors, LLC. (n.d.). Retrieved October 2, 2022, from https://www.egfran.com/franchisedetails.asp?FranID=2215
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