Start-Up Costs and Fees |
||
| Nathan's Famous | The Juicy Crab | |
| Investment | 43000 - 1071360 | 613500 - 1106500 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | 3% going to 4% |
| Advertising Fee | 2% | 1%local+1%Nat'l |
| Year Founded | 1916 | 2015 |
| Year Franchised | 1988 | 2017 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Nathan's Famous | The Juicy Crab | |
| Experience | Industry experience General business experience | |
Financing Options |
||
| Nathan's Famous | The Juicy Crab | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Nathan's Famous | The Juicy Crab | |
| Training | GM gets 16 hours Classroom training and 46 days on the job training in our corporate training location. Other following mangers : ASST MGR. FOH MGR. BOF MGR gets 16 hours classroom training and 24 days of on the job training in our corporate training location. A team of trainers for a week in support of the Grand Opening. | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | |
| 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) | OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS You must designate one person who owns at least 10% of your equity interests as your “Operating Partner.-- The Operating Partner must serve as the general manager of the restaurant, operate it on a day-to-day basis and have the authority to bind you to obligations relating to the Franchise Agreement. The restaurant must be under the direct, on-premises supervision of a fully-trained manager or a fully-trained assistant manager selected by you and approved by us. We do not require that the Operating Partner or other persons who directly or indirectly own an ownership interest in your entity (an “Owner--) provide direct on-premises supervision. |
Expansion Plans |
||
| Nathan's Famous | The Juicy Crab | |
| US Expansion | Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Nathan's Famous | |
| The Juicy Crab | |
| Franchise Fee | |
| Nathan's Famous | |
| The Juicy Crab | |
| Royalty Fee | |
| Nathan's Famous | 5.50% |
| The Juicy Crab | 3% going to 4% |
| Advertising Fee | |
| Nathan's Famous | 2% |
| The Juicy Crab | 1%local+1%Nat'l |
| Year Founded | |
| Nathan's Famous | 1916 |
| The Juicy Crab | 2015 |
| Year Franchised | |
| Nathan's Famous | 1988 |
| The Juicy Crab | 2017 |
| Term Of Agreement | |
| Nathan's Famous | 20 years |
| The Juicy Crab | |
| Renewal Fee | |
| Nathan's Famous | 50% of franchise fee |
| The Juicy Crab | |
Business Experience Requirements |
|
| Experience | |
| Nathan's Famous | Industry experience General business experience |
| The Juicy Crab | |
Financing Options |
|
| Franchise Fees | |
| Nathan's Famous | Yes |
| The Juicy Crab | Yes |
| Start-up Costs | |
| Nathan's Famous | |
| The Juicy Crab | |
| Equipment | |
| Nathan's Famous} | |
| The Juicy Crab | |
| Inventory | |
| Nathan's Famous | |
| The Juicy Crab | |
| Receivables | |
| Nathan's Famous | |
| The Juicy Crab | |
| Payroll | |
| Nathan's Famous | |
| The Juicy Crab | |
Training & Support |
|
| Training | |
| Nathan's Famous | |
| The Juicy Crab | GM gets 16 hours Classroom training and 46 days on the job training in our corporate training location. Other following mangers : ASST MGR. FOH MGR. BOF MGR gets 16 hours classroom training and 24 days of on the job training in our corporate training location. A team of trainers for a week in support of the Grand Opening. |
| Support | |
| Nathan's Famous | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| The Juicy Crab | |
| Marketing | |
| Nathan's Famous | Co-op advertising |
| The Juicy Crab | |
| 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) |
| The Juicy Crab | OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS You must designate one person who owns at least 10% of your equity interests as your “Operating Partner.-- The Operating Partner must serve as the general manager of the restaurant, operate it on a day-to-day basis and have the authority to bind you to obligations relating to the Franchise Agreement. The restaurant must be under the direct, on-premises supervision of a fully-trained manager or a fully-trained assistant manager selected by you and approved by us. We do not require that the Operating Partner or other persons who directly or indirectly own an ownership interest in your entity (an “Owner--) provide direct on-premises supervision. |
Expansion Plans |
|
| US Expansion | |
| Nathan's Famous | |
| The Juicy Crab | Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee |
| Canada Expansion | |
| Nathan's Famous | |
| The Juicy Crab | |
| International Expansion | |
| Nathan's Famous | |
| The Juicy Crab | |