Start-Up Costs and Fees |
||
| BurgerFuel | Nathan's Famous | |
| Investment | 510500 - 864500 | 43000 - 1071360 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% of net | 5.50% |
| Advertising Fee | 4% of net | 2% |
| Year Founded | 1995 | 1916 |
| Year Franchised | 1995 | 1988 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| BurgerFuel | Nathan's Famous | |
| Experience | Seeking hardworking and dedicated people with great attitude, sound financial backing, affinity with food, customer service and a desire to develop and innovate. Like our customers, the people who work for BurgerFuel have a singular aligning characteristic - they are Gourmet Burger Connoisseurs, and they want only the best. Added to this are several other qualities that we look for in the people who want to work with us. * An affinity with food. We like to think that our franchise holders want to make our burgers not only for their high turnover/financial return, but because they love food and believe in the products they are preparing. Knowledge of food and a flair for food combining will help with your business and the development of the business as a whole. Our training systems will provide you with detailed knowledge of our food and hygiene standards and the BurgerFuel 'flavour'. * A hardworking and dedicated attitude. The business, whilst a proven formula, requires the continual attention of the franchisee. * A customer service connection. We have a loyal customer base and it is our duty to cater to their needs. This is a primary focus. * Organisational and management skills. These are a necessity - for the daily running of the shop and for dealing with staff and organising rosters. * Flair and character. Just as our shops have an in-built atmosphere, we seek people who can transmit the same good feeling to our customers. People come to BurgerFuel for a reason, and part of that reason should be you! * The desire to develop and innovate. The shop and menu require constant attention. In keeping with the whole concept it is expected that franchisees will appreciate these needs and implement what is required. The aesthetics of BurgerFuel should be understood and recognised as important to the whole BurgerFuel concept. * Basic accounting and financial knowledge. To be able to undertake to run your own business a franchisee will ideally have some understanding of financial planning and control. * Financial security. It is assumed that at least 60% of the business will be funded by assets and cash. Borrowings are not sufficient to fund a business. | Industry experience General business experience |
Financing Options |
||
| BurgerFuel | Nathan's Famous | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| BurgerFuel | Nathan's Famous | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | |
| Marketing | Co-op advertising | |
| Operations | 60% of all franchisees own more than one unit Number of employees needed to run franchised unit: 14 Absentee ownership of franchise is allowed. (65% of current franchisees are owner/operators) | |
Expansion Plans |
||
| BurgerFuel | Nathan's Famous | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| BurgerFuel | |
| Nathan's Famous | |
| Franchise Fee | |
| BurgerFuel | |
| Nathan's Famous | |
| Royalty Fee | |
| BurgerFuel | 6% of net |
| Nathan's Famous | 5.50% |
| Advertising Fee | |
| BurgerFuel | 4% of net |
| Nathan's Famous | 2% |
| Year Founded | |
| BurgerFuel | 1995 |
| Nathan's Famous | 1916 |
| Year Franchised | |
| BurgerFuel | 1995 |
| Nathan's Famous | 1988 |
| Term Of Agreement | |
| BurgerFuel | 10 years +10 |
| Nathan's Famous | 20 years |
| Renewal Fee | |
| BurgerFuel | |
| Nathan's Famous | 50% of franchise fee |
Business Experience Requirements |
|
| Experience | |
| BurgerFuel | Seeking hardworking and dedicated people with great attitude, sound financial backing, affinity with food, customer service and a desire to develop and innovate. Like our customers, the people who work for BurgerFuel have a singular aligning characteristic - they are Gourmet Burger Connoisseurs, and they want only the best. Added to this are several other qualities that we look for in the people who want to work with us. * An affinity with food. We like to think that our franchise holders want to make our burgers not only for their high turnover/financial return, but because they love food and believe in the products they are preparing. Knowledge of food and a flair for food combining will help with your business and the development of the business as a whole. Our training systems will provide you with detailed knowledge of our food and hygiene standards and the BurgerFuel 'flavour'. * A hardworking and dedicated attitude. The business, whilst a proven formula, requires the continual attention of the franchisee. * A customer service connection. We have a loyal customer base and it is our duty to cater to their needs. This is a primary focus. * Organisational and management skills. These are a necessity - for the daily running of the shop and for dealing with staff and organising rosters. * Flair and character. Just as our shops have an in-built atmosphere, we seek people who can transmit the same good feeling to our customers. People come to BurgerFuel for a reason, and part of that reason should be you! * The desire to develop and innovate. The shop and menu require constant attention. In keeping with the whole concept it is expected that franchisees will appreciate these needs and implement what is required. The aesthetics of BurgerFuel should be understood and recognised as important to the whole BurgerFuel concept. * Basic accounting and financial knowledge. To be able to undertake to run your own business a franchisee will ideally have some understanding of financial planning and control. * Financial security. It is assumed that at least 60% of the business will be funded by assets and cash. Borrowings are not sufficient to fund a business. |
| Nathan's Famous | Industry experience General business experience |
Financing Options |
|
| Franchise Fees | |
| BurgerFuel | |
| Nathan's Famous | |
| Start-up Costs | |
| BurgerFuel | |
| Nathan's Famous | |
| Equipment | |
| BurgerFuel} | |
| Nathan's Famous | |
| Inventory | |
| BurgerFuel | |
| Nathan's Famous | |
| Receivables | |
| BurgerFuel | |
| Nathan's Famous | |
| Payroll | |
| BurgerFuel | |
| Nathan's Famous | |
Training & Support |
|
| Training | |
| BurgerFuel | |
| Nathan's Famous | |
| Support | |
| BurgerFuel | |
| Nathan's Famous | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| BurgerFuel | |
| Nathan's Famous | Co-op advertising |
| Operations | |
| BurgerFuel | |
| Nathan's Famous | 60% of all franchisees own more than one unit Number of employees needed to run franchised unit: 14 Absentee ownership of franchise is allowed. (65% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| BurgerFuel | |
| Nathan's Famous | |
| Canada Expansion | |
| BurgerFuel | |
| Nathan's Famous | |
| International Expansion | |
| BurgerFuel | |
| Nathan's Famous | |