Jaws Jumbo Burgers a movie themed burger concept announced plans to open multi units with an innovative limited partnership licensing agreement. The brand is offering future prospects the opportunity to operate a Jaws Jumbo Burgers with 99.5 percent ownership of the business. The partner/owner is responsible for all business costs and liabilities. Jaws will own .5 percent the business along with a monthly flat rate partnership support fee. The partner/owner keeps all profits obtained from the business and pays no weekly royalty, advertising, or other hidden fees.
The brand also does not mandate weekly reporting or auditing, leaving no need for a POS system. The Limited Partnership Licensing Agreement is unconventional in that it does not require all the costly fees that are associated with traditional franchised restaurants.
Established since 1985, Jaws Jumbo Burgers is family-owned and operated and has built a reputation in Michigan and now in Tennessee. “As an independent it is extremely costly to expand using the traditional franchise route. We think everyone should have the opportunity to enjoy our 100 percent ground sirloin burgers that we grind daily in-house and made to order. Our customers are always asking us to open a Jaws Burgers in their town so we had to come up with a creative way to grow,” says representative Yolonda Diamond. She also adds, “The limited partnership license agreement allows us to get our brand in every city and for our partners to make money without the enormously high royalty fees associated with traditional franchised restaurants.”
The company touts that the partner/owner gets to keep all the money they make in their Jaws Jumbo Burgers restaurant. A non-refundable license fee of $40,000 is required for the right to use the
Jaws Jumbo Burgers system and operate under their name, along with a monthly flat rate partnership support fee.
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