Start-Up Costs and Fees |
||
| Nathan's Famous | Shuckin' Shack | |
| Investment | 43000 - 1071360 | 252700 - 841750 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | 3.5-5.5% |
| Advertising Fee | 2% | 1.50% |
| Year Founded | 1916 | 2007 |
| Year Franchised | 1988 | 2014 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Nathan's Famous | Shuckin' Shack | |
| Experience | Industry experience General business experience | |
Financing Options |
||
| Nathan's Famous | Shuckin' Shack | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Nathan's Famous | Shuckin' Shack | |
| Training | On-The-Job Training: 80 hours Classroom Training: 64 hours | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Ongoing Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | 60% of all franchisees own more than one unit Number of employees needed to run franchised unit: 14 Absentee ownership of franchise is allowed. (65% of current franchisees are owner/operators) | Absentee Ownership Allowed Number of Employees Required to Run: 20 |
Expansion Plans |
||
| Nathan's Famous | Shuckin' Shack | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Nathan's Famous | |
| Shuckin' Shack | |
| Franchise Fee | |
| Nathan's Famous | |
| Shuckin' Shack | |
| Royalty Fee | |
| Nathan's Famous | 5.50% |
| Shuckin' Shack | 3.5-5.5% |
| Advertising Fee | |
| Nathan's Famous | 2% |
| Shuckin' Shack | 1.50% |
| Year Founded | |
| Nathan's Famous | 1916 |
| Shuckin' Shack | 2007 |
| Year Franchised | |
| Nathan's Famous | 1988 |
| Shuckin' Shack | 2014 |
| Term Of Agreement | |
| Nathan's Famous | 20 years |
| Shuckin' Shack | |
| Renewal Fee | |
| Nathan's Famous | 50% of franchise fee |
| Shuckin' Shack | |
Business Experience Requirements |
|
| Experience | |
| Nathan's Famous | Industry experience General business experience |
| Shuckin' Shack | |
Financing Options |
|
| Franchise Fees | |
| Nathan's Famous | Yes |
| Shuckin' Shack | Yes |
| Start-up Costs | |
| Nathan's Famous | |
| Shuckin' Shack | |
| Equipment | |
| Nathan's Famous} | |
| Shuckin' Shack | |
| Inventory | |
| Nathan's Famous | |
| Shuckin' Shack | |
| Receivables | |
| Nathan's Famous | |
| Shuckin' Shack | |
| Payroll | |
| Nathan's Famous | |
| Shuckin' Shack | |
Training & Support |
|
| Training | |
| Nathan's Famous | |
| Shuckin' Shack | On-The-Job Training: 80 hours Classroom Training: 64 hours |
| Support | |
| Nathan's Famous | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Shuckin' Shack | Ongoing Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Nathan's Famous | Co-op advertising |
| Shuckin' Shack | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Nathan's Famous | 60% of all franchisees own more than one unit Number of employees needed to run franchised unit: 14 Absentee ownership of franchise is allowed. (65% of current franchisees are owner/operators) |
| Shuckin' Shack | Absentee Ownership Allowed Number of Employees Required to Run: 20 |
Expansion Plans |
|
| US Expansion | |
| Nathan's Famous | |
| Shuckin' Shack | |
| Canada Expansion | |
| Nathan's Famous | |
| Shuckin' Shack | |
| International Expansion | |
| Nathan's Famous | |
| Shuckin' Shack | |