Just five months after opening its first franchise location, the Pennsylvania-based company plans to open 11 new out-of-state franchises.
DALLAS – Nick Filet, a Pennsylvania-based filet mignon sandwich chain, is gearing up for nationwide expansion in Texas and Florida.
Nick Filet signed agreements to open 11 new franchise locations. The company will open its first franchise outside of Pennsylvania this month in Orlando and plans to open 10 franchises in and around Dallas over the next five years.
Father-son duo Keith and Nick Kline founded Nick Filet in 2018 with the goal of serving high-quality meats at affordable prices.
Some menu items include the BYO 1/2 lb Fillet Sandwich (build yourself) and the Surf & Turf Sandwich, which includes half a pound of filet mignon and lobster. The two sandwiches each cost $ 18.99, according to the company’s website.
Nick Filet opened his first franchise location in Wayne, Pa., In December, owned by the company’s former CEO and COO. “Expansion through franchising has always been part of our plan,” Nick Kline said in a prepared statement.
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The company does not plan to slow down its franchising efforts and Kline has responded to several inquiries from potential franchisees, Kline said.
Nick Filet’s franchise fee is $ 40,000 up front and equipment costs can range from $ 50,000 to $ 70,000, Keith Kline said. Construction costs can differ significantly and it depends on whether a franchisee is looking to open in an old restaurant space or another retail location.
“From the start we wanted to be very aggressive [with] franchising, ”said Keith Kline. “We want to be coast to coast, so it won’t be easy for us.”