Start-Up Costs and Fees |
||
| Five Guys Burgers & Fries | Binghamton Hots | |
| Investment | 306200 - 716250 | 122850 - 213450 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 2% | 2% |
| Year Founded | 1986 | 0 |
| Year Franchised | 2002 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Five Guys Burgers & Fries | Binghamton Hots | |
| Experience | Industry experience General business experience | Some familiarity with restaurant operations is helpful, but it s not required to be part of the Binghamton HOTS casual restaurant franchise program. We do look for people who will be dedicated to their restaurant operations, and who have solid business and people management experience. The ability to build a strong operations team and potentially open and operate multiple units are also important factors we evaluate. |
Financing Options |
||
| Five Guys Burgers & Fries | Binghamton Hots | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Five Guys Burgers & Fries | Binghamton Hots | |
| Training | Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions | |
| Support | Newsletter, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | We will send a representative to assist you and your team on-site around the time of your Grand Opening. We will present you with a copy of our confidential operations manual to help you run your casual restaurant franchise properly on a day-to-day basis. |
| Marketing | Regional advertising | |
| Operations | ||
Expansion Plans |
||
| Five Guys Burgers & Fries | Binghamton Hots | |
| US Expansion | Maryland, Virginia, | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Five Guys Burgers & Fries | |
| Binghamton Hots | |
| Franchise Fee | |
| Five Guys Burgers & Fries | |
| Binghamton Hots | |
| Royalty Fee | |
| Five Guys Burgers & Fries | 6% |
| Binghamton Hots | 5% |
| Advertising Fee | |
| Five Guys Burgers & Fries | 2% |
| Binghamton Hots | 2% |
| Year Founded | |
| Five Guys Burgers & Fries | 1986 |
| Binghamton Hots | 0 |
| Year Franchised | |
| Five Guys Burgers & Fries | 2002 |
| Binghamton Hots | 0 |
| Term Of Agreement | |
| Five Guys Burgers & Fries | 20 years |
| Binghamton Hots | 10 years +5+5 |
| Renewal Fee | |
| Five Guys Burgers & Fries | |
| Binghamton Hots | |
Business Experience Requirements |
|
| Experience | |
| Five Guys Burgers & Fries | Industry experience General business experience |
| Binghamton Hots | Some familiarity with restaurant operations is helpful, but it s not required to be part of the Binghamton HOTS casual restaurant franchise program. We do look for people who will be dedicated to their restaurant operations, and who have solid business and people management experience. The ability to build a strong operations team and potentially open and operate multiple units are also important factors we evaluate. |
Financing Options |
|
| Franchise Fees | |
| Five Guys Burgers & Fries | No |
| Binghamton Hots | No |
| Start-up Costs | |
| Five Guys Burgers & Fries | |
| Binghamton Hots | |
| Equipment | |
| Five Guys Burgers & Fries} | |
| Binghamton Hots | |
| Inventory | |
| Five Guys Burgers & Fries | |
| Binghamton Hots | |
| Receivables | |
| Five Guys Burgers & Fries | |
| Binghamton Hots | |
| Payroll | |
| Five Guys Burgers & Fries | |
| Binghamton Hots | |
Training & Support |
|
| Training | |
| Five Guys Burgers & Fries | |
| Binghamton Hots | Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions |
| Support | |
| Five Guys Burgers & Fries | Newsletter, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Binghamton Hots | We will send a representative to assist you and your team on-site around the time of your Grand Opening. We will present you with a copy of our confidential operations manual to help you run your casual restaurant franchise properly on a day-to-day basis. |
| Marketing | |
| Five Guys Burgers & Fries | Regional advertising |
| Binghamton Hots | |
| Operations | |
| Five Guys Burgers & Fries | |
| Binghamton Hots | |
Expansion Plans |
|
| US Expansion | |
| Five Guys Burgers & Fries | Maryland, Virginia, |
| Binghamton Hots | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Five Guys Burgers & Fries | |
| Binghamton Hots | |
| International Expansion | |
| Five Guys Burgers & Fries | |
| Binghamton Hots | |