Have you ever wondered what happened to Avocaderia food bar after appearing on Shark Tank? Is it still in operation? Perhaps, you’ve landed here while searching for a promising opportunity with Avocaderia. But do they offer such an opportunity?
If you’ve answered “yes” to any of these questions, you should be intrigued to learn more about the Avocaderia chain that was featured on Shark Tank in 2018 and managed to secure a funding from renowned Sharks – Mark Cuban and Barbara Corcoran.
This blog has been curated specifically for you and we have certainly pushed our boundaries and researches to accumulate the entire knowledge about the chain in a single article.
The article will also provide insight on some of the frequently asked questions about the chain – whether they offer franchise opportunities, the estimated cost, growth plans, profit margin, and more
So, stay tuned with us until the end and immerse yourself in a detailed report on the Avocaderia chain.
- Brand: Avocaderia
- Founded: 2017
- Founder: Alessandro Biggi, Francesco Brachetti, and Alberto Gramigni
- Industry: Food and Beverages
- No. of outlet: 4
- Area served: United States
- Franchise Fee: NA
- Royalty Fee: NA
- Model: Self-owned and operated
- Initial Investment: $250,000 to $500,000
Table of Contents
Overview of Avocaderia Franchise
Avocaderia is one of the popular restaurant chain in the United States. The fast-casual restaurant was established in 2017 by three Italian aspiring entrepreneurs, Alessandro Biggi, Francesco Brachetti, and Alberto Gramigni in Brooklyn, New York.
When we say Avocaderia is all about a chain that serves a variety of avocado-based menus, we mean it. By offering a variety of delicious and healthy avocado-based dishes and drinks, the Avocaderia has certainly created its own space in the fast-casual industry.
The entrepreneurs were highly passionate about avocados and their health benefits, which motivated them to turn their passion into a business that would create a unique dining experience centered around this nutritious fruit.
Since its establishment and with only a single outlet (at that time), Avocaderia restaurants were already gaining a reputation and attracting attention from health food enthusiasts by serving avocado-based salads, sandwiches, bowls, smoothies, and desserts.
** You may like **
Can you Buy A Sweetgreen Franchise: Alternatives, Cost, & Profit – Sweetgreen Franchise
Start a Pure Green Franchise: Alternatives, Cost, & Profit – Pure Green
Portillo’s Franchise Opportunities: Alternatives, Cost, & Profit – Portillo’s
The Journey of Avocaderia
Their humble beginning started in 2017 when trio ventured together to launch “the world’s first avocado bar” that would serve not only a lip-smacking foods but also a healthier alternatives to the millennials.
The brand was instant hit and became a popular restaurant in Brooklyn. Till 2017, Avocaderia were operating from a single outlet in Brooklyn and wanted to expand its presence to other cities as well.
It’s also worth mentioning that the Avocaderia restaurant was established with a modest investment of $70,000 and was achieving impressive daily sales of $2,000.
In addition to this, Avocaderia co-founder Alessandro Biggi appeared on “Shark Tank” in 2018, pitched for his company, and secured an investment from the Sharks at a valuation of $3 million.
What happened with Avocaderia at Shark Tank and what was there in their pitch? let’s delve further.
** You may like **
How much does a Planet Smoothie Franchise Cost? – Overview & Profit – Planet Smoothie
How to Get sweetFrog Franchise? – Cost & Profit – Sweet Frog
The Scooter’s Franchise: Exploring the Cost and Profit – Scooter’s
Key Facts on Avocaderia Franchise
| Sr No. | Type | Private |
|---|---|---|
| 1 | Trade Name | Avocaderia |
| 2 | Industry | Food & Beverages, Restaurants |
| 3 | Founded | 2017 |
| 4 | Founders | Alessandro Biggi, Francesco Brachetti, and Alberto Gramigni |
| 5 | Headquarters | Brooklyn, USA |
| 6 | Number of locations | Four outlets |
| 7 | Area served | United states |
| 8 | Model | Self-owned and operated |
| 9 | Menu offered | Avocado toast, Shakes, Smoothies, Salad, and more |
| 10 | Parent Company | NA |
| 11 | Revenue | Approximately USD 4 Million |
| 12 | Website | https://www.avocaderia.com |
Did Avocaderia receive an investment from a Shark?
Co-founder Alessandro Biggi appeared on ABC’s “Shark Tank” to pitch his company and secure a $300,000 investment from the sharks in exchange for 10% equity in the group’s avocado-themed restaurant.
With a valuation of $3 million and nearly 50 franchise requests already in hand, Avocaderia was making a decent impact on the Sharks. Biggi went on to assure sharks that the investment received from them would be utilized to expand into other markets, with a goal to own and operate at least 20 locations in the next five years.
At the end, Biggi secures the funding from two Sharks Barbara Corcoran and Mark Cuban who agreed for an investment of $200,000 for 10% equity each in the restaurant
To conclude, Avocaderia did secure investment from Sharks Barbara Corcoran and Mark Cuban for an investment of $400,000 for twenty percent of equity in firm. Since then, they have been in limelight and were doing exceptional business.
However, as per the report published by Reality TV, The founders and Sharks left the deal later (though we aren’t sure of it, you need to check with the officials).
** You may like **
[Ultimate Guide]Can you Own a Chipotle Franchise? – Cost & Profit – Chipotle
Wawa Franchise Opportunities – Does it sell? Cost & Profit – Wawa`
Does Avocaderia Sell Franchises?
On securing funds from Sharks, Avocaderia expanded its presence to three more locations and were generating impressive revenue of nearly $1 million from each store. But, did they offer franchising? Well, keep reading for more information.
According to its founders, The chain did want to expand to multiple location but not at the cost of quality and overall customer experience at its outlets, which refrained them from the franchising model.
So, Unfortunately, Avocaderia doesn’t sell its franchises and currently wants to open and operate a few more outlets under the company itself.
But that doesn’t necessarily mean Avocaderia won’t sell its franchises; instead, you can email or contact them in person in case they open the door for franchisees in future.
Why consider owning a Avocaderia Franchise?
- Healthier food options available:
- As a franchisee, you’ll cater to a wider audience by serving delicious range of avocado-based food. This will eventually help you garner customers of all-ages and health enthusiasts.
- Renowned brand presence:
- Though the chain operates at only four locations currently, its unique menu range and exemplary taste, along with its appearance on Shark Tank, have allowed the chain to draw attention from across the country.
- It leads to a better customer traffic and revenue figures for its each outlets.
- Though the chain operates at only four locations currently, its unique menu range and exemplary taste, along with its appearance on Shark Tank, have allowed the chain to draw attention from across the country.
- Backing from Sharks:
- As an approved outlet owner, you’ll become a part of a chain that is backed by the expertise and funding of sharks, which will indeed provide an extra edge to the company over its competitors.
** You may like **
Mellow Mushroom Franchise Opportunities – Apply, Cost & Profit – Mellow Mushroom
How to Get a Golden Chick Franchise? – Cost & Profit – Golden Chick
How much does an Avocaderia Franchise Cost?
Avocaderia currently owns and operates only four locations across the country. With plans to reach a total count of 20, the chain may opt for the franchising route, but it doesn’t seem likely in the near future.
Nonetheless, According to the business model and its setup, To embark on an exciting journey with Avocaderia franchise, one may need to have an initial investment of $250,000 to $500,000.
However, interested prospects should be aware that these figures are just estimates, as the chain hasn’t disclosed any investment details for its franchises.
In addition to this, The initial investment for Avocaderia franchise will include a franchise fee of approximately $30,000. Furthermore, the franchise prospects will also be liable to pay a royalty fee of 5-7% to the company, which will be calculated on monthly gross sales.
** You may like **
Does Steak and Shake Franchise Really Cost $10000? – Cost & Profit – Steak and Shake
How much is Avocaderia Franchise Profit Margin?
The net profitability for an Avocaderia outlet will vary depending on the outlet’s geographical location, customer’s traffic at outlet, overall customer experience, and more.
Starting with a modest initial investment of only $70,000 and utilizing a compact 500 sq ft space, Avocaderia has managed to achieve remarkable sales figures.
Even before their appearance on Shark Tank, they were maintaining a monthly revenue of $60,000, which eventually led to generating an annual revenue of $1 million for each store after their appearance on Shark Tank.
Taking all these factors into consideration, along with its uniquely-prepared recipes, offering healthier food options, and backing from renowned Sharks, a franchise partner can anticipate a net profit margin of 8-15% from an Avocaderia restaurant.
** You may like **
Start A Little Caesars Franchise – Cost, Fee, & Profit – Little Ceasars
Is Shake Shack Franchise Profitable? – Capital Required, Fee, and Profit – Shake Shack
What the requirements for the Avocaderia Franchise?
- First and foremost, one should be financially well-qualified and have good credit to start a Avocaderia location. Additionally, they should be prepared to invest a minimum of $250,000 to $500,000.
- You need to find a retail space of at least 500 sq feet, located at high-traffic locations with a plenty of parking space.
- One must possess excellent communication skills, be customer service-oriented, and value honesty and business ethics to become an approved Avocaderia outlet owner.
- Interested franchisees should have passion to work in the Food and Beverages industry and should possess the leadership and financial skills to operate an Avocaderia location.
- One should/or their partner should meet the minimum financial requirement of at least $200,000 in liquid assets to embark on their journey with Avocaderia.
What are the alternatives to Avocaderia Franchise?
It is certainly difficult to find an alternative brand to Avocaderia, considering there are only a few options available in the market. Moreover, Avocaderia itself is America’s first-ever avocado-based food zone.
While there are certain casual food chains available in the market, they aren’t purely centered around avocados. Let’s look at some potential options;
Salad and Go Franchise
Salad and Go is another America’s popular drive-thru restaurant, which was established in 2013 and specializes in offering a diverse range of healthy and affordable food options, including variety of salads, wraps, soups, bowls, and more.
With presence of over 88 outlets and future plans to expand the total store count to nearly 150, Salad and Go franchise aspirants may wait for them to start its franchising programs; However, it doesn’t likely happening in near future.
If you are interested in Salad and Go, consider reading our in-depth article on this.
Read More: Can you own a Salad and Go Franchise? – A Complete Analysis, Cost, & Profit
Chicken Salad Chick Franchise
Chicken Salad Chick is next one on our list. The chain was founded in 2008 by Stacy and Kevin Brown, and it currently boasts over 200+ restaurants across the country.
Though it doesn’t offer cuisines that are purely based on avocados, their Chicken Salads, Sandwiches, Sides, Soups, and Sweet treats will certainly impress you as a franchise and food enthusiasts.
Often renowned as America’s favorite place for chicken salad, Chicken Salad Chick certainly offers its franchises to the aspiring entrepreneurs. With an initial investment of $742,300 to $980,300, Chicken Salad Chick can be considered as a viable option.
Interested candidates are advised to perform proper marketing and research before opting for any franchises.
Read more: How to Start a Chicken Salad Chick Franchise – Cost, Fee, & Profit
How to Get Avocaderia Franchise?
Owning an Avocaderia restaurant in your city wouldn’t be possible currently, as the chain is currently not seeking any franchise application from any individuals.
Additionally, Avocaderia invites aspiring candidates to connect with them directly through their “Contact Us” form, and the team will get in touch with you if they start accepting applications for it.
- Visit the Avocaderia official website and navigate to the contact us form.
- You can email them your business proposal at – hello@avocaderia.com
Final Takeaway – Conclusion
Avocaderia is another emerging fast-casual food restaurant in the United States, which specializes in serving a delectable range of avocados-based cuisines, such as salad, toasts, shakes, smoothies, and more.
The chain appeared on Shark Tank in 2018 and managed to secure a funding of $400,000 for 20% stake in the company from Sharks Mark Cuban and Barbara Corcoran.
Post their appearance, Avocaderia restaurants exhibited a unprecedented growth in its revenue with its only four locations, based in Brooklyn, Chelsea, Nomad and Midtown New York.
Avocaderia has planned to take their store count to 20 restaurants in near future, but currently not ready to opt for franchising route for its store expansion. Interested candidates are advised to follow our website, or IG handle, or the official website to get the latest info on the website.
Good Luck!! Happy Franchising!!
Want to explore more? Then check out below franchising opportunities.
Food & Beverages Franchise, Bakery Franchise, Home Improvement, Car wash, Real Estate, and Tea & Café Franchise
FAQ
Is Avocaderia Franchise Still in operation?
Ans: Indeed, the Avocaderia restaurants are still operating and generating an impressive revenue from its each outlets. According to the verified sources, Each Avocaderia restaurants generates a revenue of $1 million.
How much does it cost to Start an Avocaderia Franchise?
Ans: Though the chain doesn’t sell its franchises, we anticipate its initial cost to setup a restaurant at busy street will range between $250,000 and $500,000.
Is Avocaderia Franchise Profitable?
Ans: The franchise hasn’t publicly disclosed its financial statements. However, considering their pitch (revenue statement) on Shark Tank, the growing market space for healthy foods, and the significant rise in revenue post Shark Tank appearance, it is estimated that the chain might be achieving a profit margin of 8-15%.
