Start-Up Costs and Fees |
||
| Diamond Dave's Mexican Restaurants | Barberitos | |
| Investment | 189000 - 325000 | 119800 - 554025 |
| Franchise Fee | ||
| Royalty Fee | 4% | 5% |
| Advertising Fee | 2% local | |
| Year Founded | 1979 | 2000 |
| Year Franchised | 1980 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Diamond Dave's Mexican Restaurants | Barberitos | |
| Experience | General business experience | Restaurant experience is not necessary! The Barberitos system was conceived and set up to be successful for people coming from outside the restaurant industry as well as existing restaurateurs. Our time tested methods and outstanding field support, along with your passion to succeed are all that are needed. Solely " or collectively as an ownership group " have a net worth of at least $700,000 and liquid assets of at least $200,000. Must be able to pass a background inquiry, including credit worthiness, no criminal history, no extensive litigation and a satisfactory motor vehicle report. Must be willing to work hard and be a hands-on operator. Must have a passion for the Barberitos brand and promote and carry out our mission statement. |
Financing Options |
||
| Diamond Dave's Mexican Restaurants | Barberitos | |
| Franchise Fees | Yes | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Diamond Dave's Mexican Restaurants | Barberitos | |
| Training | ||
| Support | Newsletter, Meetings, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Ad slicks | |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Diamond Dave's Mexican Restaurants | Barberitos | |
| US Expansion | Mid West, | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Diamond Dave's Mexican Restaurants | |
| Barberitos | |
| Franchise Fee | |
| Diamond Dave's Mexican Restaurants | |
| Barberitos | |
| Royalty Fee | |
| Diamond Dave's Mexican Restaurants | 4% |
| Barberitos | 5% |
| Advertising Fee | |
| Diamond Dave's Mexican Restaurants | |
| Barberitos | 2% local |
| Year Founded | |
| Diamond Dave's Mexican Restaurants | 1979 |
| Barberitos | 2000 |
| Year Franchised | |
| Diamond Dave's Mexican Restaurants | 1980 |
| Barberitos | 2000 |
| Term Of Agreement | |
| Diamond Dave's Mexican Restaurants | 10 years+ |
| Barberitos | 10 years |
| Renewal Fee | |
| Diamond Dave's Mexican Restaurants | |
| Barberitos | |
Business Experience Requirements |
|
| Experience | |
| Diamond Dave's Mexican Restaurants | General business experience |
| Barberitos | Restaurant experience is not necessary! The Barberitos system was conceived and set up to be successful for people coming from outside the restaurant industry as well as existing restaurateurs. Our time tested methods and outstanding field support, along with your passion to succeed are all that are needed. Solely " or collectively as an ownership group " have a net worth of at least $700,000 and liquid assets of at least $200,000. Must be able to pass a background inquiry, including credit worthiness, no criminal history, no extensive litigation and a satisfactory motor vehicle report. Must be willing to work hard and be a hands-on operator. Must have a passion for the Barberitos brand and promote and carry out our mission statement. |
Financing Options |
|
| Franchise Fees | |
| Diamond Dave's Mexican Restaurants | Yes |
| Barberitos | Yes |
| Start-up Costs | |
| Diamond Dave's Mexican Restaurants | |
| Barberitos | |
| Equipment | |
| Diamond Dave's Mexican Restaurants} | |
| Barberitos | |
| Inventory | |
| Diamond Dave's Mexican Restaurants | |
| Barberitos | |
| Receivables | |
| Diamond Dave's Mexican Restaurants | |
| Barberitos | |
| Payroll | |
| Diamond Dave's Mexican Restaurants | |
| Barberitos | |
Training & Support |
|
| Training | |
| Diamond Dave's Mexican Restaurants | |
| Barberitos | |
| Support | |
| Diamond Dave's Mexican Restaurants | Newsletter, Meetings, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Barberitos | |
| Marketing | |
| Diamond Dave's Mexican Restaurants | Ad slicks |
| Barberitos | |
| Operations | |
| Diamond Dave's Mexican Restaurants | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
| Barberitos | |
Expansion Plans |
|
| US Expansion | |
| Diamond Dave's Mexican Restaurants | Mid West, |
| Barberitos | |
| Canada Expansion | |
| Diamond Dave's Mexican Restaurants | 0 |
| Barberitos | |
| International Expansion | |
| Diamond Dave's Mexican Restaurants | |
| Barberitos | |