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Liquid capital required
|
$500,000
|
Net worth required
|
$1,500,000
|
Investment
|
$504,600 - $1,522,800
|
Franchise fee
|
$50,000
|
Royalty
|
6.0%
|
Offers Financing
|
Yes
|
Units in operation
|
35
|
Founded
|
2005
|
Franchising Since
|
2008
|
To open a location, you should have $500,000 available as liquid capital. You need to have a total net worth of $1,500,000 if you want to become an owner. The ongoing royalty for Elevation Burger is 6%. The minimum you would expect to invest in a Elevation Burger location is $504,600. The high end of the total investment required to open a franchise is $1,522,800. New franchisees pay Elevation Burger a franchise fee of $50,000. Company operations commenced in 2005. Elevation Burger began awarding franchises in 2008. In total, there are 35 units of this franchise open today.
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