Start-Up Costs and Fees |
||
| Burger King | Locos Grill & Pub | |
| Investment | 333100 - 3398600 | 575400 - 1960000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 4.50% | 4% |
| Advertising Fee | 4% | |
| Year Founded | 1954 | 1988 |
| Year Franchised | 1961 | 1997 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Burger King | Locos Grill & Pub | |
| Experience | Industry experience General business experience Marketing skills | Customer service skills |
Financing Options |
||
| Burger King | Locos Grill & Pub | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Burger King | Locos Grill & Pub | |
| 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. | |
| Support | Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op advertising, National media, Regional advertising | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Burger King | Locos Grill & Pub | |
| US Expansion | Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee, | |
| Canada Expansion | ||
| International Expansion | Africa, Asia, Canada, Eastern Europe, Middle East, Western Europe, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Burger King | |
| Locos Grill & Pub | |
| Franchise Fee | |
| Burger King | |
| Locos Grill & Pub | |
| Royalty Fee | |
| Burger King | 4.50% |
| Locos Grill & Pub | 4% |
| Advertising Fee | |
| Burger King | 4% |
| Locos Grill & Pub | |
| Year Founded | |
| Burger King | 1954 |
| Locos Grill & Pub | 1988 |
| Year Franchised | |
| Burger King | 1961 |
| Locos Grill & Pub | 1997 |
| Term Of Agreement | |
| Burger King | 20 years |
| Locos Grill & Pub | 10 years |
| Renewal Fee | |
| Burger King | $50K |
| Locos Grill & Pub | |
Business Experience Requirements |
|
| Experience | |
| Burger King | Industry experience General business experience Marketing skills |
| Locos Grill & Pub | Customer service skills |
Financing Options |
|
| Franchise Fees | |
| Burger King | No |
| Locos Grill & Pub | No |
| Start-up Costs | |
| Burger King | |
| Locos Grill & Pub | |
| Equipment | |
| Burger King} | |
| Locos Grill & Pub | |
| Inventory | |
| Burger King | |
| Locos Grill & Pub | |
| Receivables | |
| Burger King | |
| Locos Grill & Pub | |
| Payroll | |
| Burger King | |
| Locos Grill & Pub | |
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. |
| Locos Grill & Pub | |
| Support | |
| Burger King | Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations |
| Locos Grill & Pub | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Burger King | Co-op advertising, National media, Regional advertising |
| Locos Grill & Pub | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Burger King | |
| Locos Grill & Pub | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Burger King | |
| Locos Grill & Pub | Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee, |
| Canada Expansion | |
| Burger King | |
| Locos Grill & Pub | |
| International Expansion | |
| Burger King | Africa, Asia, Canada, Eastern Europe, Middle East, Western Europe, |
| Locos Grill & Pub | |