Tony Roma franchise candidates, either individually or corporately, should have a minimum net worth of $3 million (not including residences, automobiles and other personal assets).
Of that net worth, $1 million should be liquid, i.e. cash or easily convertible assets.
We require you or one of your principals to have a background in restaurant operations as an owner, multi-unit franchise partner or operations executive.
Although Tony Roma’s does do single unit agreements, the current focus is in multi-unit development (3 - 5 units).
Tony Roma's Franchisees sign two agreements:
1. Development Agreement. The Development Agreement provides the exclusive development rights for a specific number of restaurants over a particular period of time and in a territory agreed upon by Tony Roma's and the franchise developer.
2. Franchise Agreement. Each restaurant has its own separate Franchise Agreement. Each agreement provides a 20-year right to operate as a Tony Roma's, and contains all terms and conditions pertaining to the operation of the restaurant.