Start-Up Costs and Fees |
||
| Virginia Barbeque | Damon's | |
| Investment | 81500 - 221500 | 1200000 - 3200000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6% | 4% |
| Advertising Fee | ||
| Year Founded | 2000 | 1979 |
| Year Franchised | 2004 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Virginia Barbeque | Damon's | |
| Experience | Industry experience General business experience Marketing skills | Industry experience |
Financing Options |
||
| Virginia Barbeque | Damon's | |
| Franchise Fees | Yes | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Virginia Barbeque | Damon's | |
| Training | ||
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op advertising, Regional advertising | Co-op advertising, Ad slicks, Regional advertising |
| Operations | 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 6 Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) | Franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit Number of employees needed to run franchised unit: 80 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
Expansion Plans |
||
| Virginia Barbeque | Damon's | |
| US Expansion | North East, South East, | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Virginia Barbeque | |
| Damon's | |
| Franchise Fee | |
| Virginia Barbeque | |
| Damon's | |
| Royalty Fee | |
| Virginia Barbeque | 6% |
| Damon's | 4% |
| Advertising Fee | |
| Virginia Barbeque | |
| Damon's | |
| Year Founded | |
| Virginia Barbeque | 2000 |
| Damon's | 1979 |
| Year Franchised | |
| Virginia Barbeque | 2004 |
| Damon's | 1982 |
| Term Of Agreement | |
| Virginia Barbeque | 10 years |
| Damon's | 10 years |
| Renewal Fee | |
| Virginia Barbeque | |
| Damon's | |
Business Experience Requirements |
|
| Experience | |
| Virginia Barbeque | Industry experience General business experience Marketing skills |
| Damon's | Industry experience |
Financing Options |
|
| Franchise Fees | |
| Virginia Barbeque | Yes |
| Damon's | Yes |
| Start-up Costs | |
| Virginia Barbeque | |
| Damon's | |
| Equipment | |
| Virginia Barbeque} | |
| Damon's | |
| Inventory | |
| Virginia Barbeque | |
| Damon's | |
| Receivables | |
| Virginia Barbeque | |
| Damon's | |
| Payroll | |
| Virginia Barbeque | |
| Damon's | |
Training & Support |
|
| Training | |
| Virginia Barbeque | |
| Damon's | |
| Support | |
| Virginia Barbeque | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Damon's | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Virginia Barbeque | Co-op advertising, Regional advertising |
| Damon's | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Virginia Barbeque | 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 6 Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) |
| Damon's | Franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit Number of employees needed to run franchised unit: 80 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Virginia Barbeque | North East, South East, |
| Damon's | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | |
| Virginia Barbeque | |
| Damon's | |
| International Expansion | |
| Virginia Barbeque | |
| Damon's | |