Schnitz is a fast casual food franchise offering a range of made-to-order schnitzels served in warm
Turkish Rollz, soft Tortilla Wrapz and various Schnitz Meal Packz and
Schnack Packz.

Number of franchisees: four.

Franchise cost: $50,000 (waived for next five franchisees).

Set-up costs/vehicle loans: $250,000 to $400,000 (depending on size of store, location, building condition etc).

Working capital required: $7,000.

Marketing and royalty fees: royalty is five percent of revenue; marketing levy is two percent (waived for 12 months for next five franchisees).

Income guarantees: none.

Average franchise turnover Jan 2009 to Jan 2010: $850,000.

Term: five years with one option to renew for a further five years.

Opportunity for multi-units: yes.