Start-Up Costs and Fees |
||
| Damon's | Virginia Barbeque | |
| Investment | 1200000 - 3200000 | 81500 - 221500 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 4% | 6% |
| Advertising Fee | ||
| Year Founded | 1979 | 2000 |
| Year Franchised | 1982 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Damon's | Virginia Barbeque | |
| Experience | Industry experience | Industry experience General business experience Marketing skills |
Financing Options |
||
| Damon's | Virginia Barbeque | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Damon's | Virginia Barbeque | |
| Training | ||
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op advertising, Regional advertising |
| Operations | Franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit Number of employees needed to run franchised unit: 80 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 6 Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) |
Expansion Plans |
||
| Damon's | Virginia Barbeque | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, | North East, South East, |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Damon's | |
| Virginia Barbeque | |
| Franchise Fee | |
| Damon's | |
| Virginia Barbeque | |
| Royalty Fee | |
| Damon's | 4% |
| Virginia Barbeque | 6% |
| Advertising Fee | |
| Damon's | |
| Virginia Barbeque | |
| Year Founded | |
| Damon's | 1979 |
| Virginia Barbeque | 2000 |
| Year Franchised | |
| Damon's | 1982 |
| Virginia Barbeque | 2004 |
| Term Of Agreement | |
| Damon's | 10 years |
| Virginia Barbeque | 10 years |
| Renewal Fee | |
| Damon's | |
| Virginia Barbeque | |
Business Experience Requirements |
|
| Experience | |
| Damon's | Industry experience |
| Virginia Barbeque | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Damon's | No |
| Virginia Barbeque | No |
| Start-up Costs | |
| Damon's | |
| Virginia Barbeque | |
| Equipment | |
| Damon's} | |
| Virginia Barbeque | |
| Inventory | |
| Damon's | |
| Virginia Barbeque | |
| Receivables | |
| Damon's | |
| Virginia Barbeque | |
| Payroll | |
| Damon's | |
| Virginia Barbeque | |
Training & Support |
|
| Training | |
| Damon's | |
| Virginia Barbeque | |
| Support | |
| Damon's | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Virginia Barbeque | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Damon's | Co-op advertising, Ad slicks, Regional advertising |
| Virginia Barbeque | Co-op advertising, Regional advertising |
| Operations | |
| Damon's | Franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit Number of employees needed to run franchised unit: 80 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
| Virginia Barbeque | 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 6 Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Damon's | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Virginia Barbeque | North East, South East, |
| Canada Expansion | |
| Damon's | |
| Virginia Barbeque | |
| International Expansion | |
| Damon's | |
| Virginia Barbeque | |