Start-Up Costs and Fees |
||
| Mr. Hero | Binghamton Hots | |
| Investment | 113000 - 305000 | 122850 - 213450 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | 5% |
| Advertising Fee | 2% | |
| Year Founded | 1965 | 0 |
| Year Franchised | 1970 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Mr. Hero | Binghamton Hots | |
| Experience | Industry experience General business experience Marketing skills | 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 |
||
| Mr. Hero | 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 |
||
| Mr. Hero | Binghamton Hots | |
| Training | Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions | |
| Support | Newsletter, Meetings, Toll-free phone line, 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 | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | International franchisees required to buy multiple units/master licenses; 15-20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Mr. Hero | Binghamton Hots | |
| 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 | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Mr. Hero | |
| Binghamton Hots | |
| Franchise Fee | |
| Mr. Hero | |
| Binghamton Hots | |
| Royalty Fee | |
| Mr. Hero | 5.50% |
| Binghamton Hots | 5% |
| Advertising Fee | |
| Mr. Hero | |
| Binghamton Hots | 2% |
| Year Founded | |
| Mr. Hero | 1965 |
| Binghamton Hots | 0 |
| Year Franchised | |
| Mr. Hero | 1970 |
| Binghamton Hots | 0 |
| Term Of Agreement | |
| Mr. Hero | 10 years |
| Binghamton Hots | 10 years +5+5 |
| Renewal Fee | |
| Mr. Hero | |
| Binghamton Hots | |
Business Experience Requirements |
|
| Experience | |
| Mr. Hero | Industry experience General business experience Marketing skills |
| 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 | |
| Mr. Hero | No |
| Binghamton Hots | No |
| Start-up Costs | |
| Mr. Hero | |
| Binghamton Hots | |
| Equipment | |
| Mr. Hero} | |
| Binghamton Hots | |
| Inventory | |
| Mr. Hero | |
| Binghamton Hots | |
| Receivables | |
| Mr. Hero | |
| Binghamton Hots | |
| Payroll | |
| Mr. Hero | |
| Binghamton Hots | |
Training & Support |
|
| Training | |
| Mr. Hero | |
| Binghamton Hots | Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions |
| Support | |
| Mr. Hero | Newsletter, Meetings, Toll-free phone line, 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 | |
| Mr. Hero | Co-op advertising, Ad slicks, National media, Regional advertising |
| Binghamton Hots | |
| Operations | |
| Mr. Hero | International franchisees required to buy multiple units/master licenses; 15-20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) |
| Binghamton Hots | |
Expansion Plans |
|
| US Expansion | |
| Mr. Hero | |
| 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 | |
| Mr. Hero | |
| Binghamton Hots | |
| International Expansion | |
| Mr. Hero | |
| Binghamton Hots | |