Start-Up Costs and Fees |
||
| Nathan's Famous | Smashburger | |
| Investment | 43000 - 1071360 | 743130 - 1404535 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | 5 - 6% |
| Advertising Fee | 2% | 2% |
| Year Founded | 1916 | 2007 |
| Year Franchised | 1988 | 2008 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Nathan's Famous | Smashburger | |
| Experience | Industry experience General business experience | Smashburger (Smashburger Franchising LLC) is seeking multi-unit development partners domestically and internationally. To be considered, individuals or partnerships must meet the following minimum criteria: *Demonstrated enthusiasm, drive, and passion and a proven record of success in the restaurant industry *Five years multi-unit restaurant management experience as an owner and/or operator *Experience operating a minimum business of 10 or more units *Minimum financial net worth of $2 million and liquidity of $500,000 *Typical development agreement commitment of 5-20 units *Operating, real estate and trade area experience in development territory *Dedicated support team for Smashburger *Ability to obtain a liquor license (where applicable) |
Financing Options |
||
| Nathan's Famous | Smashburger | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Nathan's Famous | Smashburger | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Real Estate and Site Selection Lease Approval Pre-opening Management Training Vendors and Equipment Store Opening Support Information Technology Marketing and Public Relations Operations Support Purchasing and Distribution |
| 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 |
||
| Nathan's Famous | Smashburger | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Nathan's Famous | |
| Smashburger | |
| Franchise Fee | |
| Nathan's Famous | |
| Smashburger | |
| Royalty Fee | |
| Nathan's Famous | 5.50% |
| Smashburger | 5 - 6% |
| Advertising Fee | |
| Nathan's Famous | 2% |
| Smashburger | 2% |
| Year Founded | |
| Nathan's Famous | 1916 |
| Smashburger | 2007 |
| Year Franchised | |
| Nathan's Famous | 1988 |
| Smashburger | 2008 |
| Term Of Agreement | |
| Nathan's Famous | 20 years |
| Smashburger | |
| Renewal Fee | |
| Nathan's Famous | 50% of franchise fee |
| Smashburger | none |
Business Experience Requirements |
|
| Experience | |
| Nathan's Famous | Industry experience General business experience |
| Smashburger | Smashburger (Smashburger Franchising LLC) is seeking multi-unit development partners domestically and internationally. To be considered, individuals or partnerships must meet the following minimum criteria: *Demonstrated enthusiasm, drive, and passion and a proven record of success in the restaurant industry *Five years multi-unit restaurant management experience as an owner and/or operator *Experience operating a minimum business of 10 or more units *Minimum financial net worth of $2 million and liquidity of $500,000 *Typical development agreement commitment of 5-20 units *Operating, real estate and trade area experience in development territory *Dedicated support team for Smashburger *Ability to obtain a liquor license (where applicable) |
Financing Options |
|
| Franchise Fees | |
| Nathan's Famous | Yes |
| Smashburger | Yes |
| Start-up Costs | |
| Nathan's Famous | |
| Smashburger | |
| Equipment | |
| Nathan's Famous} | |
| Smashburger | |
| Inventory | |
| Nathan's Famous | |
| Smashburger | |
| Receivables | |
| Nathan's Famous | |
| Smashburger | |
| Payroll | |
| Nathan's Famous | |
| Smashburger | |
Training & Support |
|
| Training | |
| Nathan's Famous | |
| Smashburger | |
| Support | |
| Nathan's Famous | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Smashburger | Real Estate and Site Selection Lease Approval Pre-opening Management Training Vendors and Equipment Store Opening Support Information Technology Marketing and Public Relations Operations Support Purchasing and Distribution |
| Marketing | |
| Nathan's Famous | Co-op advertising |
| Smashburger | |
| Operations | |
| 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) |
| Smashburger | |
Expansion Plans |
|
| US Expansion | |
| Nathan's Famous | |
| Smashburger | |
| Canada Expansion | |
| Nathan's Famous | |
| Smashburger | |
| International Expansion | |
| Nathan's Famous | |
| Smashburger | |