Binghamton Hots vs Maid-Rite Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Binghamton Hots vs Maid-Rite including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Binghamton Hots Maid-Rite
Investment 122850 - 213450 99375 - 141500
Franchise Fee
Royalty Fee 5% 6%
Advertising Fee 2% 2%
Year Founded 0 1926
Year Franchised 0 1926
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Binghamton Hots Maid-Rite
Experience Some familiarity with restaurant operations is helpful, but it s not required to be part of the Binghamton HOTS casual restaurant franchise program. We do look for people who will be dedicated to their restaurant operations, and who have solid business and people management experience. The ability to build a strong operations team and potentially open and operate multiple units are also important factors we evaluate.

Financing Options
  Binghamton Hots Maid-Rite
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Binghamton Hots Maid-Rite
Training Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions
Support We will send a representative to assist you and your team on-site around the time of your Grand Opening. We will present you with a copy of our confidential operations manual to help you run your casual restaurant franchise properly on a day-to-day basis.
Marketing
Operations 12% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 - 14 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

Expansion Plans
  Binghamton Hots Maid-Rite
US Expansion Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion
International Expansion

Start-Up Costs and Fees Mobile
Investment
Binghamton Hots
Maid-Rite
Franchise Fee
Binghamton Hots
Maid-Rite
Royalty Fee
Binghamton Hots 5%
Maid-Rite 6%
Advertising Fee
Binghamton Hots 2%
Maid-Rite 2%
Year Founded
Binghamton Hots 0
Maid-Rite 1926
Year Franchised
Binghamton Hots 0
Maid-Rite 1926
Term Of Agreement
Binghamton Hots 10 years +5+5
Maid-Rite
Renewal Fee
Binghamton Hots
Maid-Rite


Business Experience Requirements
Experience
Binghamton Hots Some familiarity with restaurant operations is helpful, but it s not required to be part of the Binghamton HOTS casual restaurant franchise program. We do look for people who will be dedicated to their restaurant operations, and who have solid business and people management experience. The ability to build a strong operations team and potentially open and operate multiple units are also important factors we evaluate.
Maid-Rite

Financing Options
 
Franchise Fees
Binghamton Hots No
Maid-Rite No
Start-up Costs
Binghamton Hots
Maid-Rite
Equipment
Binghamton Hots}
Maid-Rite
Inventory
Binghamton Hots
Maid-Rite
Receivables
Binghamton Hots
Maid-Rite
Payroll
Binghamton Hots
Maid-Rite

Training & Support
Training
Binghamton Hots Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions
Maid-Rite
Support
Binghamton Hots We will send a representative to assist you and your team on-site around the time of your Grand Opening. We will present you with a copy of our confidential operations manual to help you run your casual restaurant franchise properly on a day-to-day basis.
Maid-Rite
Marketing
Binghamton Hots
Maid-Rite
Operations
Binghamton Hots
Maid-Rite 12% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 - 14 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

Expansion Plans
US Expansion
Binghamton Hots Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Maid-Rite Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion
Binghamton Hots
Maid-Rite
International Expansion
Binghamton Hots
Maid-Rite