Eggs Up Grill Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$821,500 - $1,141,000
Franchise Fee
$38,250
Total US Locations
87
Business Summary
Eggs Up Grill operates family restaurants that specialize in breakfast and lunch food items and beverages. Franchisees establish and operate these restaurants under a single franchise agreement, serving customers in a family atmosphere.
Corporate History
Eggs Up Grill's franchise system was originally developed by Egg Ventures, Inc. (EVI), which was formed in South Carolina on May 22, 2003, and began offering Eggs Up Grill franchises in March 2005. In March 2018, EVI sold most of its assets to EUG Holdco, LLC, which then transferred the existing franchise agreements to EUG Franchising, LLC. EUG Franchising, LLC was formed on February 21, 2018, in Delaware and began offering new Eggs Up Grill franchises in April 2018.
Financial Overview
Investment Range
$821,500 - $1,141,000
Franchise Fee (Low)
$38,250
Franchise Fee (High)
$45,000
Royalty %
5%
Marketing %
1.6%
Equipment Costs (Low)
$694,500
Equipment Costs (High)
$972,000
Working Capital
$30,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
The financial statements for Eggs Up Grill show a strong cash position, with approximately $1.31 million in cash exceeding federally-insured limits as of December 31, 2024. The independent auditor's report does not raise any going concern issues regarding the company's ability to continue operations.
Financing Details
Eggs Up Grill does not offer direct or indirect financing to its franchisees. The franchisor also does not guarantee any promissory notes, mortgages, leases, or other obligations for franchisees.
Performance Metrics
Total US Locations
87
Franchised Units
86
Corporate Units
1
Avg Square Footage
3,000
Franchising Since
2018
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Eggs Up Grill has no litigation history to report.
Bankruptcy History
Eggs Up Grill has no bankruptcy history to report.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew, Eggs Up Grill franchisees must provide at least 6 months' notice, ensure their restaurant and equipment are updated to current brand standards, and have no outstanding breaches or monetary obligations to Eggs Up Grill or its affiliates. Franchisees must also maintain the right to occupy their restaurant premises, pay a renewal fee, sign the franchisor's then-current franchise agreement and a general release (unless prohibited by law), and meet all current qualifications and training requirements. The new franchise agreement may have terms and conditions that are significantly different from the previous one.
Training & Support Program
Franchisor Assistance
Eggs Up Grill provides franchisees with extensive assistance both before and after their restaurant opens. Before opening, the franchisor consults on and approves proposed sites, reviews and approves lease and space plans, and provides 3 to 6 weeks of initial training for up to two individuals at its headquarters or a designated location. During the restaurant's first week of operation, Eggs Up Grill sends three or more trainers (or one trainer for the third or subsequent restaurant) to assist with training and opening support. Franchisees also receive an Operations Manual, prototype plans for equipment and signage, and lists of approved suppliers. For ongoing support, Eggs Up Grill provides System Standards and purchasing guidance, assistance with advertising and marketing materials, maintains a system-wide website, and offers a list of authorized vendors. The franchisor may also provide guidance on pricing if permitted by law.
Initial Training Hours
152
Training Location
Spartanburg, SC headquarters or a designated training facility, plus on-site training at the franchisee's restaurant.
Ongoing Support
Eggs Up Grill provides ongoing support to franchisees through various methods. This includes providing System Standards, specifications, and operating procedures, as well as advising on required purchasing and approved operating assets. The franchisor offers assistance with advertising and marketing materials and programs and maintains a system-wide website for promoting Eggs Up Grill restaurants. Franchisees receive a list of authorized vendors and suppliers, and the franchisor may designate minimum or maximum prices for products. Additionally, the Managing Owner and Designated Manager are required to attend an annual meeting of franchise owners, and may be required to attend additional training courses provided by the franchisor or third-party providers, with franchisees responsible for associated costs.
Franchise Requirements
Ideal Candidate Profile
The ideal Eggs Up Grill franchisee, if an entity, must designate a Managing Owner who holds at least a 25% ownership interest and voting power, and who will be responsible for the overall management, direction, and control of the restaurant. This Managing Owner must actively supervise the restaurant's operations and work to promote its success. If the Managing Owner chooses not to be full-time, they must appoint a Designated Manager who has completed the franchisor's training program and is dedicated full-time to supervising the day-to-day operations of the restaurant.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Retail
Owner Participation
Supervisory
Territory Type
Non-Exclusive
Territory Size Requirements
For area development agreements, Eggs Up Grill territories are typically defined by a specific radius, city, county, or other political boundary. The size of these development areas is determined based on demographics, traffic patterns, competition, and site availability. For single unit franchise agreements, a "Search Area" is defined for site location, but it is not a protected territory, rather a geographic area in which to find a site.
Staffing Notes
Eggs Up Grill requires that the Managing Owner, or a Designated Manager who has completed the franchisor's training program, supervises the restaurant's day-to-day operations on a full-time basis. The Designated Manager is not permitted to engage in other significant management activities that could conflict with their responsibilities. Franchisees are solely responsible for all decisions regarding the hiring, firing, training, compensation, and general management of their employees, including compliance with all employment laws. The franchisor may specify other personnel for initial training and may regulate staffing levels, employee qualifications, training, and uniforms through its System Standards.