Start-Up Costs and Fees |
||
| Boston's Restaurant & Sports Bar | Nick-N-Willy's | |
| Investment | 600000 - 3057500 | 294500 - 399500 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | ||
| Year Founded | 1964 | 2001 |
| Year Franchised | 1978 | 2001 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Boston's Restaurant & Sports Bar | Nick-N-Willy's | |
| Experience | To be considered as a candidate for a Boston's franchise, you (or your partnership) must be able to demonstrate at least $1,500,000 in net worth and at least $600,000 in liquid capital to invest in this business. Conversion requirements may be less. | |
Financing Options |
||
| Boston's Restaurant & Sports Bar | Nick-N-Willy's | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Boston's Restaurant & Sports Bar | Nick-N-Willy's | |
| Training | Experienced trainers partner with the franchisees to offer ongoing individualized training and support. The team uses various training methods to increase knowledge around operations, functional roles within the restaurant, POS features and management fundamentals. | Nick-N-Willy's offers a comprehensive 30-day training program. The training program consists of a combination of practical product components and most importantly a primary focus on how to run your Nick-N-Willy's business. All aspects of operations, accounting, human resources, safety and food services are covered thoroughly. |
| Support | Real Estate Once you become a franchise owner, our real estate professionals will work with you in identifying the best site for your business. Nick-N-Willy's has an established real estate network around the country with real estate professionals situated in many local markets. These specialized individuals are familiar with our site requirements and demographic profile. Your real estate professional will negotiate the best lease terms possible with the landlord and work with you every step of the way. Construction We're with you every step of the way- from site selection to grand opening. We have connections with industry experts and professionals from architects and real estate brokers to contractors and equipment vendors. We will help you manage every facet of the project and avoid all of the common pitfalls so that you can get your store ready quickly and efficiently. We'll also be right there with you at your grand opening to make sure that your team is well trained and that you make a great first impression. Financing We are dedicated to helping you to shop around for your business loan to find the best rates and terms. After you become a franchise owner, Nick-N-Willy's will assist you in preparing the necessary business plans and loan submission information for your bank or financial institution of your choosing. It is very common in the franchising business for a franchise owner to obtain government sponsored business loans for up to 70% of the total costs associated with setting up a franchised business. However, business loans for 50% of total costs are more readily available and are most common. In order to qualify for these types of loans, financial institutions typically require unencumbered liquid assets or cash equal to 25% to 50% of the total cost of setting up the franchise business to support the loan application. | |
| Marketing | Franchisees will receive support on an individual and regional level in the form of highly targeted print and broadcast advertising, media buying, public relations and promotions. Field Marketing Managers support the franchisees with all marketing initiatives and help implement localized programs. | Our advertising department develops advertising campaigns throughout the year by creating new marketing materials and promotions for the use of all franchise owners. The marketing team also oversees production of regional and local marketing to create brand awareness. In addition we assist you in utilizing our marketing materials and techniques to locally promote your stores and participate in community events in your local markets. |
| Operations | ||
Expansion Plans |
||
| Boston's Restaurant & Sports Bar | Nick-N-Willy's | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Boston's Restaurant & Sports Bar | |
| Nick-N-Willy's | |
| Franchise Fee | |
| Boston's Restaurant & Sports Bar | |
| Nick-N-Willy's | |
| Royalty Fee | |
| Boston's Restaurant & Sports Bar | 5% |
| Nick-N-Willy's | |
| Advertising Fee | |
| Boston's Restaurant & Sports Bar | |
| Nick-N-Willy's | |
| Year Founded | |
| Boston's Restaurant & Sports Bar | 1964 |
| Nick-N-Willy's | 2001 |
| Year Franchised | |
| Boston's Restaurant & Sports Bar | 1978 |
| Nick-N-Willy's | 2001 |
| Term Of Agreement | |
| Boston's Restaurant & Sports Bar | |
| Nick-N-Willy's | |
| Renewal Fee | |
| Boston's Restaurant & Sports Bar | |
| Nick-N-Willy's | |
Business Experience Requirements |
|
| Experience | |
| Boston's Restaurant & Sports Bar | To be considered as a candidate for a Boston's franchise, you (or your partnership) must be able to demonstrate at least $1,500,000 in net worth and at least $600,000 in liquid capital to invest in this business. Conversion requirements may be less. |
| Nick-N-Willy's | |
Financing Options |
|
| Franchise Fees | |
| Boston's Restaurant & Sports Bar | |
| Nick-N-Willy's | |
| Start-up Costs | |
| Boston's Restaurant & Sports Bar | |
| Nick-N-Willy's | |
| Equipment | |
| Boston's Restaurant & Sports Bar} | |
| Nick-N-Willy's | |
| Inventory | |
| Boston's Restaurant & Sports Bar | |
| Nick-N-Willy's | |
| Receivables | |
| Boston's Restaurant & Sports Bar | |
| Nick-N-Willy's | |
| Payroll | |
| Boston's Restaurant & Sports Bar | |
| Nick-N-Willy's | |
Training & Support |
|
| Training | |
| Boston's Restaurant & Sports Bar | Experienced trainers partner with the franchisees to offer ongoing individualized training and support. The team uses various training methods to increase knowledge around operations, functional roles within the restaurant, POS features and management fundamentals. |
| Nick-N-Willy's | Nick-N-Willy's offers a comprehensive 30-day training program. The training program consists of a combination of practical product components and most importantly a primary focus on how to run your Nick-N-Willy's business. All aspects of operations, accounting, human resources, safety and food services are covered thoroughly. |
| Support | |
| Boston's Restaurant & Sports Bar | |
| Nick-N-Willy's | Real Estate Once you become a franchise owner, our real estate professionals will work with you in identifying the best site for your business. Nick-N-Willy's has an established real estate network around the country with real estate professionals situated in many local markets. These specialized individuals are familiar with our site requirements and demographic profile. Your real estate professional will negotiate the best lease terms possible with the landlord and work with you every step of the way. Construction We're with you every step of the way- from site selection to grand opening. We have connections with industry experts and professionals from architects and real estate brokers to contractors and equipment vendors. We will help you manage every facet of the project and avoid all of the common pitfalls so that you can get your store ready quickly and efficiently. We'll also be right there with you at your grand opening to make sure that your team is well trained and that you make a great first impression. Financing We are dedicated to helping you to shop around for your business loan to find the best rates and terms. After you become a franchise owner, Nick-N-Willy's will assist you in preparing the necessary business plans and loan submission information for your bank or financial institution of your choosing. It is very common in the franchising business for a franchise owner to obtain government sponsored business loans for up to 70% of the total costs associated with setting up a franchised business. However, business loans for 50% of total costs are more readily available and are most common. In order to qualify for these types of loans, financial institutions typically require unencumbered liquid assets or cash equal to 25% to 50% of the total cost of setting up the franchise business to support the loan application. |
| Marketing | |
| Boston's Restaurant & Sports Bar | Franchisees will receive support on an individual and regional level in the form of highly targeted print and broadcast advertising, media buying, public relations and promotions. Field Marketing Managers support the franchisees with all marketing initiatives and help implement localized programs. |
| Nick-N-Willy's | Our advertising department develops advertising campaigns throughout the year by creating new marketing materials and promotions for the use of all franchise owners. The marketing team also oversees production of regional and local marketing to create brand awareness. In addition we assist you in utilizing our marketing materials and techniques to locally promote your stores and participate in community events in your local markets. |
| Operations | |
| Boston's Restaurant & Sports Bar | |
| Nick-N-Willy's | |
Expansion Plans |
|
| US Expansion | |
| Boston's Restaurant & Sports Bar | |
| Nick-N-Willy's | |
| Canada Expansion | |
| Boston's Restaurant & Sports Bar | |
| Nick-N-Willy's | 0 |
| International Expansion | |
| Boston's Restaurant & Sports Bar | |
| Nick-N-Willy's | |