Start-Up Costs and Fees |
||
| Madisons New York Grill & Bar | Famous Dave's | |
| Investment | 175000 - 500000 | 481750 - 4495750 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 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 |
||
| Madisons New York Grill & Bar | 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 |
||
| Madisons New York Grill & Bar | Famous Dave's | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Madisons New York Grill & Bar | Famous Dave's | |
| Training | ||
| 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 | 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 |
||
| Madisons New York Grill & Bar | Famous Dave's | |
| US Expansion | 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 | Alabama, Arkansas, California, Connecticut, Louisiana, Massachusetts, Maine, Mississippi, North Carolina, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Washington, |
| Canada Expansion | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Madisons New York Grill & Bar | |
| Famous Dave's | |
| Franchise Fee | |
| Madisons New York Grill & Bar | |
| Famous Dave's | |
| Royalty Fee | |
| Madisons New York Grill & Bar | 6% |
| Famous Dave's | 5% |
| Advertising Fee | |
| Madisons New York Grill & Bar | |
| Famous Dave's | 1%Nat'l + 1.5% local |
| Year Founded | |
| Madisons New York Grill & Bar | 0 |
| Famous Dave's | 1995 |
| Year Franchised | |
| Madisons New York Grill & Bar | 0 |
| Famous Dave's | 1998 |
| Term Of Agreement | |
| Madisons New York Grill & Bar | 10 years |
| Famous Dave's | 20 years |
| Renewal Fee | |
| Madisons New York Grill & Bar | |
| Famous Dave's | 50% of then-current fee |
Business Experience Requirements |
|
| Experience | |
| Madisons New York Grill & Bar | |
| 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 | |
| Madisons New York Grill & Bar | No |
| Famous Dave's | No |
| Start-up Costs | |
| Madisons New York Grill & Bar | |
| Famous Dave's | |
| Equipment | |
| Madisons New York Grill & Bar} | |
| Famous Dave's | |
| Inventory | |
| Madisons New York Grill & Bar | |
| Famous Dave's | |
| Receivables | |
| Madisons New York Grill & Bar | |
| Famous Dave's | |
| Payroll | |
| Madisons New York Grill & Bar | |
| Famous Dave's | |
Training & Support |
|
| Training | |
| Madisons New York Grill & Bar | |
| Famous Dave's | |
| Support | |
| Madisons New York Grill & Bar | |
| Famous Dave's | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Madisons New York Grill & Bar | |
| Famous Dave's | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Madisons New York Grill & Bar | |
| 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 | |
| Madisons New York Grill & Bar | 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 |
| 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 | |
| Madisons New York Grill & Bar | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Famous Dave's | |
| International Expansion | |
| Madisons New York Grill & Bar | |
| Famous Dave's | |