Start-Up Costs and Fees |
||
| Famous Dave's | McFarland's Barbecue & Brew | |
| Investment | 481750 - 4495750 | 370577 - 577339 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 5% |
| 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 | McFarland's Barbecue & Brew | |
| 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 | McFarland's Barbecue & Brew | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Famous Dave's | McFarland's Barbecue & Brew | |
| Training | During our six week training program, your team will spend three weeks of hands-on and intensive classroom training at multiple stores in the Nashville area. Two certified trainers will assist you in opening your store. Follow-up compliance and support visits will be made throughout the year. | |
| 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) | Although it is not necessary that you work daily in your business, it is essential that working on your business is consistent and perpetual. Additionally, having an Operating Partner who maintains a 5% equity in the operation of your business is required if you do not intend on managing and controlling your business on a daily basis. |
Expansion Plans |
||
| Famous Dave's | McFarland's Barbecue & Brew | |
| US Expansion | Alabama, Arkansas, California, Connecticut, Louisiana, Massachusetts, Maine, Mississippi, North Carolina, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Washington, | Georgia, Kentucky, Tennessee |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Famous Dave's | |
| McFarland's Barbecue & Brew | |
| Franchise Fee | |
| Famous Dave's | |
| McFarland's Barbecue & Brew | |
| Royalty Fee | |
| Famous Dave's | 5% |
| McFarland's Barbecue & Brew | 5% |
| Advertising Fee | |
| Famous Dave's | 1%Nat'l + 1.5% local |
| McFarland's Barbecue & Brew | |
| Year Founded | |
| Famous Dave's | 1995 |
| McFarland's Barbecue & Brew | 0 |
| Year Franchised | |
| Famous Dave's | 1998 |
| McFarland's Barbecue & Brew | 0 |
| Term Of Agreement | |
| Famous Dave's | 20 years |
| McFarland's Barbecue & Brew | |
| Renewal Fee | |
| Famous Dave's | 50% of then-current fee |
| McFarland's Barbecue & Brew | |
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. |
| McFarland's Barbecue & Brew | |
Financing Options |
|
| Franchise Fees | |
| Famous Dave's | No |
| McFarland's Barbecue & Brew | No |
| Start-up Costs | |
| Famous Dave's | |
| McFarland's Barbecue & Brew | |
| Equipment | |
| Famous Dave's} | |
| McFarland's Barbecue & Brew | |
| Inventory | |
| Famous Dave's | |
| McFarland's Barbecue & Brew | |
| Receivables | |
| Famous Dave's | |
| McFarland's Barbecue & Brew | |
| Payroll | |
| Famous Dave's | |
| McFarland's Barbecue & Brew | |
Training & Support |
|
| Training | |
| Famous Dave's | |
| McFarland's Barbecue & Brew | During our six week training program, your team will spend three weeks of hands-on and intensive classroom training at multiple stores in the Nashville area. Two certified trainers will assist you in opening your store. Follow-up compliance and support visits will be made throughout the year. |
| Support | |
| Famous Dave's | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| McFarland's Barbecue & Brew | |
| Marketing | |
| Famous Dave's | Co-op advertising, Ad slicks, Regional advertising |
| McFarland's Barbecue & Brew | |
| 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) |
| McFarland's Barbecue & Brew | Although it is not necessary that you work daily in your business, it is essential that working on your business is consistent and perpetual. Additionally, having an Operating Partner who maintains a 5% equity in the operation of your business is required if you do not intend on managing and controlling your business on a daily basis. |
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, |
| McFarland's Barbecue & Brew | Georgia, Kentucky, Tennessee |
| Canada Expansion | |
| Famous Dave's | |
| McFarland's Barbecue & Brew | |
| International Expansion | |
| Famous Dave's | |
| McFarland's Barbecue & Brew | |