Start-Up Costs and Fees |
||
| Burger King | CRAVE | |
| Investment | 333100 - 3398600 | 157900 - 453500 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | 6% |
| Advertising Fee | 4% | 2% |
| Year Founded | 1954 | 2018 |
| Year Franchised | 1961 | 2018 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Burger King | CRAVE | |
| Experience | Industry experience General business experience Marketing skills | $100,000 Liquid Capital |
Financing Options |
||
| Burger King | CRAVE | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Burger King | CRAVE | |
| Training | Before the opening of the Restaurant, franchisees must successfully complete the franchisor's training program. The training program is held in Miami, Florida or other locations specified by the franchisor. In-Restaurant Training will be held in various Restaurant locations that have been authorized as Training Restaurants. The franchisor may require additional training programs for individual Owner/Operators or Managing Directors to implement current operations, standards, and procedures and to facilitate the growth and changes of the franchisee. The franchisor also makes available and sometimes requires periodic workshops and seminars for managers, which include management courses and updating of operational skills. The franchisor will provide Pre-opening and Restaurant opening assistance as it deems appropriate. The franchisor also provides continuing operations training programs, which franchisees (as an Operating Partner, Managing Director, Director of Operations, or Managing Owner, as applicable) may be required to attend. For certain training courses, franchisees must pay a course or materials fee to the franchisor or third parties. The franchisor may make changes and revisions to the training program, locations or materials at any time. | Ongoing Training Programs |
| Support | Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations | Real Estate Assistance Marketing Assistance Operational Support Systems in Place |
| Marketing | Co-op advertising, National media, Regional advertising | |
| Operations | ||
Expansion Plans |
||
| Burger King | CRAVE | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion | Africa, Asia, Canada, Eastern Europe, Middle East, Western Europe, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Burger King | |
| CRAVE | |
| Franchise Fee | |
| Burger King | |
| CRAVE | |
| Royalty Fee | |
| Burger King | 4.50% |
| CRAVE | 6% |
| Advertising Fee | |
| Burger King | 4% |
| CRAVE | 2% |
| Year Founded | |
| Burger King | 1954 |
| CRAVE | 2018 |
| Year Franchised | |
| Burger King | 1961 |
| CRAVE | 2018 |
| Term Of Agreement | |
| Burger King | 20 years |
| CRAVE | |
| Renewal Fee | |
| Burger King | $50K |
| CRAVE | |
Business Experience Requirements |
|
| Experience | |
| Burger King | Industry experience General business experience Marketing skills |
| CRAVE | $100,000 Liquid Capital |
Financing Options |
|
| Franchise Fees | |
| Burger King | No |
| CRAVE | No |
| Start-up Costs | |
| Burger King | |
| CRAVE | |
| Equipment | |
| Burger King} | |
| CRAVE | |
| Inventory | |
| Burger King | |
| CRAVE | |
| Receivables | |
| Burger King | |
| CRAVE | |
| Payroll | |
| Burger King | |
| CRAVE | |
Training & Support |
|
| Training | |
| Burger King | Before the opening of the Restaurant, franchisees must successfully complete the franchisor's training program. The training program is held in Miami, Florida or other locations specified by the franchisor. In-Restaurant Training will be held in various Restaurant locations that have been authorized as Training Restaurants. The franchisor may require additional training programs for individual Owner/Operators or Managing Directors to implement current operations, standards, and procedures and to facilitate the growth and changes of the franchisee. The franchisor also makes available and sometimes requires periodic workshops and seminars for managers, which include management courses and updating of operational skills. The franchisor will provide Pre-opening and Restaurant opening assistance as it deems appropriate. The franchisor also provides continuing operations training programs, which franchisees (as an Operating Partner, Managing Director, Director of Operations, or Managing Owner, as applicable) may be required to attend. For certain training courses, franchisees must pay a course or materials fee to the franchisor or third parties. The franchisor may make changes and revisions to the training program, locations or materials at any time. |
| CRAVE | Ongoing Training Programs |
| Support | |
| Burger King | Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations |
| CRAVE | Real Estate Assistance Marketing Assistance Operational Support Systems in Place |
| Marketing | |
| Burger King | Co-op advertising, National media, Regional advertising |
| CRAVE | |
| Operations | |
| Burger King | |
| CRAVE | |
Expansion Plans |
|
| US Expansion | |
| Burger King | |
| CRAVE | |
| Canada Expansion | |
| Burger King | |
| CRAVE | |
| International Expansion | |
| Burger King | Africa, Asia, Canada, Eastern Europe, Middle East, Western Europe, |
| CRAVE | |