Your Investment
The cost of buying into your own Snowfox sushi kiosk, either as YO! in Tesco, or Panku Streetfood in Asda, is variable depending on the existing sales of that kiosk. We will discuss the exact cost with you when you contact us about the location you have in mind, but you can expect to pay a rate from:
£20,000 plus VAT for a site turning over up to £3,000 per week, £25,000 plus VAT for a site turning over £3,000 – £4,000 a week, and £30,000 plus VAT for a site turning over £4,000 – £5,000 per week. There are some sites doing more than £5,000 a week and they will be priced accordingly.
Don’t forget, that as an established, ongoing concern, your kiosk will not require any further costs. No investment is necessary to lease and outfit your premises, or to buy small wares and equipment. Everything is already there, just waiting to roll!
We do recommend you have a certain amount of working capital to tide you over while you wait for your first payments to come through. As our kiosks make their money through the tills of the host supermarket, it can be 4-5 weeks before revenue from those sales make it to you, which is why you should make sure you have enough funds to pay yourself during that time.
You will also need sufficient capital to cover your stock orders during this time, which will vary depending on the custom of each individual kiosk.
Help raising funds
While Snowfox does not provide financing directly, there are a number of attractive options to help you with your investment.
For example, it may be possible to obtain funding from most major high street banks for some of the amount. Franchising is one of the safest and most secure ways of starting your own business, so many lenders rightfully see it as a much lower risk than a completely new start-up, and may be much more inclined to lend you money against your investment. Buying into an already established business under a brand with such a major international profile will certainly put you in great stead with most lenders!
There are also some government funded loans which could be available, and we would be happy to point you in the right direction for more information.
