Social Equity Franchise
If buying a franchise requires wealth, what happens to those without access to capital, networks and mentorship, who share the same amount of drive and talent?Through our Social Equity Franchise (SEF) program, we are leveling the playing field and building a pathway to business ownership within our communities.
It starts with our training and development program:Everytable University.
Launched in 2021, Everytable's Social Equity Program offers employees interested in franchising the opportunity to go through Everytable University–a full-time, fully paid program that combines on-the-job training with executive business leadership coursework.
Participants work as store managers full-time at an Everytable location while participating in the Everytable University (ETU) program, learning fundamentals of business, finance, marketing, and leadership for a minimum of 6 months. Each successful ETU graduate has the opportunity to apply to own and operate an Everytable storefront.
How it works
1
Comprehensive business training
Qualified Social Equity Franchise applicants will be enrolled in Everytable University for comprehensive training/development to learn various aspects of business operation and management.
2
Paid, hands-on experience
While attending Everytable University, participants will receive a salary while working full-time at one of our Everytable corporate stores.
3
Franchise ownership opportunity
Once a participant successfully completes the Everytable University training program, Everytable, along with the participant, will determine a location for them to own and operate as a franchised store under a franchise agreement.
4
Mission-driven financing
Everytable partners with a mission-driven lender who provides low-interest, no personal guarantee loans to Everytable franchisees for purchasing storefronts. For Social Equity Franchisees, no upfront capital is required, and the loan is fully repaid through a portion of the store's profits.
5
Loan repayment structure
A portion of the potential profits from the franchised store operated by the franchisee will be used to pay off the loan for the start-up costs.
6
Franchisee profit ownership
Once the loan for start-up costs is paid off, the potential profits of the franchised store belong to the franchisee.
Meet some of our franchisees
"I feel that being able to create job opportunities for others is big. Also, setting an example for my family and community that anything is possible.I try to inspire them to achieve their goals as well."
Alex Aguilar
Long Beach (Bixby Knolls) EverytableFormer job: Logistics/operations supervisor
"I was raised by a single mom who devoted herself to work to make ends meet. We had very little money for food, and as an immigrant, we did not qualify for government support. Everytable has access to food at a very low price. Having healthy food accessible for all means a lot to me."
Susana Cabrera
