Start-Up Costs and Fees |
||
| Damon's | Hickory River Smokehouse | |
| Investment | 1200000 - 3200000 | 400000 - 800000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 4% |
| Advertising Fee | ||
| Year Founded | 1979 | 2006 |
| Year Franchised | 1982 | 2006 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Damon's | Hickory River Smokehouse | |
| Experience | Industry experience | |
Financing Options |
||
| Damon's | Hickory River Smokehouse | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Damon's | Hickory River Smokehouse | |
| Training | ||
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | 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 |
||
| Damon's | Hickory River Smokehouse | |
| US Expansion | 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 | |
| Damon's | |
| Hickory River Smokehouse | |
| Franchise Fee | |
| Damon's | |
| Hickory River Smokehouse | |
| Royalty Fee | |
| Damon's | 4% |
| Hickory River Smokehouse | 4% |
| Advertising Fee | |
| Damon's | |
| Hickory River Smokehouse | |
| Year Founded | |
| Damon's | 1979 |
| Hickory River Smokehouse | 2006 |
| Year Franchised | |
| Damon's | 1982 |
| Hickory River Smokehouse | 2006 |
| Term Of Agreement | |
| Damon's | 10 years |
| Hickory River Smokehouse | |
| Renewal Fee | |
| Damon's | |
| Hickory River Smokehouse | |
Business Experience Requirements |
|
| Experience | |
| Damon's | Industry experience |
| Hickory River Smokehouse | |
Financing Options |
|
| Franchise Fees | |
| Damon's | No |
| Hickory River Smokehouse | No |
| Start-up Costs | |
| Damon's | |
| Hickory River Smokehouse | |
| Equipment | |
| Damon's} | |
| Hickory River Smokehouse | |
| Inventory | |
| Damon's | |
| Hickory River Smokehouse | |
| Receivables | |
| Damon's | |
| Hickory River Smokehouse | |
| Payroll | |
| Damon's | |
| Hickory River Smokehouse | |
Training & Support |
|
| Training | |
| Damon's | |
| Hickory River Smokehouse | |
| Support | |
| Damon's | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Hickory River Smokehouse | |
| Marketing | |
| Damon's | Co-op advertising, Ad slicks, Regional advertising |
| Hickory River Smokehouse | |
| Operations | |
| 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) |
| Hickory River Smokehouse | |
Expansion Plans |
|
| US Expansion | |
| 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, |
| Hickory River Smokehouse | |
| Canada Expansion | |
| Damon's | |
| Hickory River Smokehouse | |
| International Expansion | |
| Damon's | |
| Hickory River Smokehouse | |