What is the Average Cost of a Ruby Tuesday Franchise? Average Ruby Tuesday Franchise Price

Ruby Tuesday is a chain of American casual dining restaurants and its name is based on a song sung by Rolling Stones. Ruby Tuesday runs more than 1,200 franchises in 20 states. The average investment cost to set up a Ruby Tuesday franchise is around $500,000. The initial franchise fee may go up to $45,000. The parent company also charges certain amount of royalty fee that is 4% of gross annual sales and advertising fee which is around 1.5% of the annual revenues.