Start-Up Costs and Fees |
||
| Shula's Steak House | Famous Dave's | |
| Investment | 1126600 - 3037500 | 481750 - 4495750 |
| Franchise Fee | 0 | |
| Royalty Fee | 12% | 5% |
| Advertising Fee | Not less than $30,000 | 1%Nat'l + 1.5% local |
| Year Founded | 0 | 1995 |
| Year Franchised | 0 | 1998 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Shula's Steak House | Famous Dave's | |
| Experience | * Prefer Ownership/management experience in full service, casual dining restaurants, in or near the desired territories. * Multi unit experience is a big plus. * Single units will be considered depending on market conditions, demographics and other criteria. * If Area Development Agreement is chosen, minimum of three units required to be developed. * Minimum LIQUID net worth of $750,000. * Minimum per unit development costs could range from approx $900,000 to $4,000,000. * Proven commitment to customer service and quality food. | |
Financing Options |
||
| Shula's Steak House | Famous Dave's | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Shula's Steak House | Famous Dave's | |
| Training | The Franchise Owner, the Head Coach, the Business Development Manager, the Shula's Chef, and any oth er employees that designated must attend and complete the Basic training program. The training is based at the franchise premise for 14 days. The franchisee must pay for the expenses incurred by the franchisor during the basic training. The Head Coach, Business Development Manager, and Shula's Chef must complete the Managers' Training Program, which consists of three to five business days located at corporate headquarters. | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | The franchisee must act as or hire a designated Head Coach to act as the franchised business's general manager. The Head Coach must devote, on a full-time basis, his or her best efforts to managing and operating the franchised business. The franchised business requires the Head Coach's day-to-day supervision. The franchisee must also hire a Business Development Manager, who is primarily responsible for developing business from individuals and organizations within the protected territory. The franchisee must also hire a Shula's Chef, who is the franchised business's head chef and is primar ily responsible for operating and managing its kitchen. | Franchisees required to buy multiple units/master licenses; 84% of all franchisees own more than one unit Number of employees needed to run franchised unit: 65 Absentee ownership of franchise is NOT allowed. (97% of current franchisees are owner/operators) |
Expansion Plans |
||
| Shula's Steak House | Famous Dave's | |
| US Expansion | Alabama, Arkansas, California, Connecticut, Louisiana, Massachusetts, Maine, Mississippi, North Carolina, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Washington, | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Shula's Steak House | |
| Famous Dave's | |
| Franchise Fee | |
| Shula's Steak House | |
| Famous Dave's | |
| Royalty Fee | |
| Shula's Steak House | 12% |
| Famous Dave's | 5% |
| Advertising Fee | |
| Shula's Steak House | Not less than $30,000 |
| Famous Dave's | 1%Nat'l + 1.5% local |
| Year Founded | |
| Shula's Steak House | 0 |
| Famous Dave's | 1995 |
| Year Franchised | |
| Shula's Steak House | 0 |
| Famous Dave's | 1998 |
| Term Of Agreement | |
| Shula's Steak House | 10 years +10+10 |
| Famous Dave's | 20 years |
| Renewal Fee | |
| Shula's Steak House | |
| Famous Dave's | 50% of then-current fee |
Business Experience Requirements |
|
| Experience | |
| Shula's Steak House | |
| Famous Dave's | * Prefer Ownership/management experience in full service, casual dining restaurants, in or near the desired territories. * Multi unit experience is a big plus. * Single units will be considered depending on market conditions, demographics and other criteria. * If Area Development Agreement is chosen, minimum of three units required to be developed. * Minimum LIQUID net worth of $750,000. * Minimum per unit development costs could range from approx $900,000 to $4,000,000. * Proven commitment to customer service and quality food. |
Financing Options |
|
| Franchise Fees | |
| Shula's Steak House | |
| Famous Dave's | |
| Start-up Costs | |
| Shula's Steak House | |
| Famous Dave's | |
| Equipment | |
| Shula's Steak House} | |
| Famous Dave's | |
| Inventory | |
| Shula's Steak House | |
| Famous Dave's | |
| Receivables | |
| Shula's Steak House | |
| Famous Dave's | |
| Payroll | |
| Shula's Steak House | |
| Famous Dave's | |
Training & Support |
|
| Training | |
| Shula's Steak House | The Franchise Owner, the Head Coach, the Business Development Manager, the Shula's Chef, and any oth er employees that designated must attend and complete the Basic training program. The training is based at the franchise premise for 14 days. The franchisee must pay for the expenses incurred by the franchisor during the basic training. The Head Coach, Business Development Manager, and Shula's Chef must complete the Managers' Training Program, which consists of three to five business days located at corporate headquarters. |
| Famous Dave's | |
| Support | |
| Shula's Steak House | |
| Famous Dave's | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Shula's Steak House | |
| Famous Dave's | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Shula's Steak House | The franchisee must act as or hire a designated Head Coach to act as the franchised business's general manager. The Head Coach must devote, on a full-time basis, his or her best efforts to managing and operating the franchised business. The franchised business requires the Head Coach's day-to-day supervision. The franchisee must also hire a Business Development Manager, who is primarily responsible for developing business from individuals and organizations within the protected territory. The franchisee must also hire a Shula's Chef, who is the franchised business's head chef and is primar ily responsible for operating and managing its kitchen. |
| Famous Dave's | Franchisees required to buy multiple units/master licenses; 84% of all franchisees own more than one unit Number of employees needed to run franchised unit: 65 Absentee ownership of franchise is NOT allowed. (97% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Shula's Steak House | |
| Famous Dave's | Alabama, Arkansas, California, Connecticut, Louisiana, Massachusetts, Maine, Mississippi, North Carolina, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Washington, |
| Canada Expansion | |
| Shula's Steak House | |
| Famous Dave's | |
| International Expansion | |
| Shula's Steak House | |
| Famous Dave's | |