All fees and policies are subject to the final Franchise Agreement and any required disclosure documentation.

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A) Ongoing Royalty Fees

● Royalty: 8% of gross sales

 

B) Advertising / Marketing Fees

● Brand Marketing Fund: 3% of gross sales

● Local Store Marketing: +1% of gross sales (additional) — dedicated to local store marketing and promotions

 

C) Technology / Software Fees Gyro King locations use Square POS for register operations and inventory management.

● Base estimate: $50/month per location

● Additional cost may vary by location based on number of employees/users and enabled Square features/modules.

 

D) Renewal or Transfer Fees

● Renewal Fee: TBD (to be defined in agreement)

● Transfer Fee: TBD (to be defined in agreement)

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E) Required Training Fee

● Training Program: Included as part of the franchise program (no separate training tuition fee)

● Franchisee should budget for related travel/lodging and payroll coverage during training (see estimates).

 

F) Audit or Inspection Fee Gyro King may conduct operational inspections/audits to protect brand standards.

● Routine support visits may be included as part of franchisor support.

● If follow-up audits/inspections are required due to non-compliance or reporting concerns, franchisee may be responsible for costs. Planning estimate: $500 – $2,500 per incident, depending on scope and travel/time.

 

G) Product or Equipment Purchase Fee

● Spices & sauces: provided at cost (brand-standard items)

● Additional required items may apply based on brand standards (e.g., packaging standards, uniforms, signage/brand materials, and approved vendor requirements).

 

H) Insurance Franchisee must maintain insurance coverage customary for restaurant operations. Final minimum limits and coverages will be specified in the franchise agreement. Typical required coverages may include:

● Commercial General Liability (incl. product liability)

● Workers’ Compensation (as required)

● Commercial Property (equipment/contents; as applicable)

● Business Interruption (often available with property coverage)

● Commercial Auto (if vehicles are used for catering/delivery operations)

● Umbrella/Excess Liability (recommended)

● Employment Practices Liability (recommended) Planning estimate: $6,000 – $18,000 per location per year, depending on store size, payroll, sales volume, and coverage limits.

 

I) Other (Permits / Renewals / Compliance) Franchisee is responsible for obtaining and renewing all required permits and licenses through relevant authorities, which may include:

● Health permits / food establishment permits

● Sales tax permits

● Certificate of occupancy and fire/inspection approvals

● Business registration and local compliance renewals