Start-Up Costs and Fees |
||
| Famous Dave's | Madisons New York Grill & Bar | |
| Investment | 481750 - 4495750 | 175000 - 500000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 1%Nat'l + 1.5% local | |
| Year Founded | 1995 | 0 |
| Year Franchised | 1998 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Famous Dave's | Madisons New York Grill & Bar | |
| Experience | * Prefer Ownership/management experience in full service, casual dining restaurants, in or near the desired territories. * Multi unit experience is a big plus. * Single units will be considered depending on market conditions, demographics and other criteria. * If Area Development Agreement is chosen, minimum of three units required to be developed. * Minimum LIQUID net worth of $750,000. * Minimum per unit development costs could range from approx $900,000 to $4,000,000. * Proven commitment to customer service and quality food. | |
Financing Options |
||
| Famous Dave's | Madisons New York Grill & Bar | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Famous Dave's | Madisons New York Grill & Bar | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | Franchisees required to buy multiple units/master licenses; 84% of all franchisees own more than one unit Number of employees needed to run franchised unit: 65 Absentee ownership of franchise is NOT allowed. (97% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Famous Dave's | Madisons New York Grill & Bar | |
| US Expansion | Alabama, Arkansas, California, Connecticut, Louisiana, Massachusetts, Maine, Mississippi, North Carolina, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Washington, | 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Famous Dave's | |
| Madisons New York Grill & Bar | |
| Franchise Fee | |
| Famous Dave's | |
| Madisons New York Grill & Bar | |
| Royalty Fee | |
| Famous Dave's | 5% |
| Madisons New York Grill & Bar | 6% |
| Advertising Fee | |
| Famous Dave's | 1%Nat'l + 1.5% local |
| Madisons New York Grill & Bar | |
| Year Founded | |
| Famous Dave's | 1995 |
| Madisons New York Grill & Bar | 0 |
| Year Franchised | |
| Famous Dave's | 1998 |
| Madisons New York Grill & Bar | 0 |
| Term Of Agreement | |
| Famous Dave's | 20 years |
| Madisons New York Grill & Bar | 10 years |
| Renewal Fee | |
| Famous Dave's | 50% of then-current fee |
| Madisons New York Grill & Bar | |
Business Experience Requirements |
|
| Experience | |
| Famous Dave's | * Prefer Ownership/management experience in full service, casual dining restaurants, in or near the desired territories. * Multi unit experience is a big plus. * Single units will be considered depending on market conditions, demographics and other criteria. * If Area Development Agreement is chosen, minimum of three units required to be developed. * Minimum LIQUID net worth of $750,000. * Minimum per unit development costs could range from approx $900,000 to $4,000,000. * Proven commitment to customer service and quality food. |
| Madisons New York Grill & Bar | |
Financing Options |
|
| Franchise Fees | |
| Famous Dave's | No |
| Madisons New York Grill & Bar | No |
| Start-up Costs | |
| Famous Dave's | |
| Madisons New York Grill & Bar | |
| Equipment | |
| Famous Dave's} | |
| Madisons New York Grill & Bar | |
| Inventory | |
| Famous Dave's | |
| Madisons New York Grill & Bar | |
| Receivables | |
| Famous Dave's | |
| Madisons New York Grill & Bar | |
| Payroll | |
| Famous Dave's | |
| Madisons New York Grill & Bar | |
Training & Support |
|
| Training | |
| Famous Dave's | |
| Madisons New York Grill & Bar | |
| Support | |
| Famous Dave's | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Madisons New York Grill & Bar | |
| Marketing | |
| Famous Dave's | Co-op advertising, Ad slicks, Regional advertising |
| Madisons New York Grill & Bar | |
| Operations | |
| Famous Dave's | Franchisees required to buy multiple units/master licenses; 84% of all franchisees own more than one unit Number of employees needed to run franchised unit: 65 Absentee ownership of franchise is NOT allowed. (97% of current franchisees are owner/operators) |
| Madisons New York Grill & Bar | |
Expansion Plans |
|
| US Expansion | |
| Famous Dave's | Alabama, Arkansas, California, Connecticut, Louisiana, Massachusetts, Maine, Mississippi, North Carolina, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Washington, |
| Madisons New York Grill & Bar | 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 | |
| Famous Dave's | |
| Madisons New York Grill & Bar | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| Famous Dave's | |
| Madisons New York Grill & Bar | |