Start-Up Costs and Fees |
||
| Nathan's Famous | Wendy's | |
| Investment | 43000 - 1071360 | 318850 - 3689350 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | 4% |
| Advertising Fee | 2% | 3.5%Nat'l +0.5% Local |
| Year Founded | 1916 | 0 |
| Year Franchised | 1988 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Nathan's Famous | Wendy's | |
| Experience | Industry experience General business experience | Wendy's is actively pursuing prospective franchisees who: * Are interested in pursuing multi-unit opportunities through the acquisition of existing restaurants or the development of new restaurants * Are multi-unit operators who have extensive restaurant experience (preferably quick service) with proven leadership skills * Are committed to operational excellence, customer service and a strong willingness to learn and practice the Wendy's business model * Demonstrate exceptional managerial and business acumen * Are committed to the advancement and growth of their business * Have access to adequate capital for reinvestment in Wendy’s Image Activation program and new restaurant development. |
Financing Options |
||
| Nathan's Famous | Wendy's | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Nathan's Famous | Wendy's | |
| Training | Initial and on-going manager and crew level training programs focus on what is needed to provide Wendy’s --A Cut Above-- total customer experience as well as providing management training on various business skills. | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Franchisees receive on-going direct support from our skilled operators at the field level. We strive for A-level operations at every restaurant and provide the tools, resources and training to achieve superior customer service levels while maintaining restaurant level profit margins. |
| Marketing | Co-op advertising | |
| 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) | |
Expansion Plans |
||
| Nathan's Famous | Wendy's | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Nathan's Famous | |
| Wendy's | |
| Franchise Fee | |
| Nathan's Famous | |
| Wendy's | |
| Royalty Fee | |
| Nathan's Famous | 5.50% |
| Wendy's | 4% |
| Advertising Fee | |
| Nathan's Famous | 2% |
| Wendy's | 3.5%Nat'l +0.5% Local |
| Year Founded | |
| Nathan's Famous | 1916 |
| Wendy's | 0 |
| Year Franchised | |
| Nathan's Famous | 1988 |
| Wendy's | 0 |
| Term Of Agreement | |
| Nathan's Famous | 20 years |
| Wendy's | |
| Renewal Fee | |
| Nathan's Famous | 50% of franchise fee |
| Wendy's | |
Business Experience Requirements |
|
| Experience | |
| Nathan's Famous | Industry experience General business experience |
| Wendy's | Wendy's is actively pursuing prospective franchisees who: * Are interested in pursuing multi-unit opportunities through the acquisition of existing restaurants or the development of new restaurants * Are multi-unit operators who have extensive restaurant experience (preferably quick service) with proven leadership skills * Are committed to operational excellence, customer service and a strong willingness to learn and practice the Wendy's business model * Demonstrate exceptional managerial and business acumen * Are committed to the advancement and growth of their business * Have access to adequate capital for reinvestment in Wendy’s Image Activation program and new restaurant development. |
Financing Options |
|
| Franchise Fees | |
| Nathan's Famous | Yes |
| Wendy's | Yes |
| Start-up Costs | |
| Nathan's Famous | |
| Wendy's | |
| Equipment | |
| Nathan's Famous} | |
| Wendy's | |
| Inventory | |
| Nathan's Famous | |
| Wendy's | |
| Receivables | |
| Nathan's Famous | |
| Wendy's | |
| Payroll | |
| Nathan's Famous | |
| Wendy's | |
Training & Support |
|
| Training | |
| Nathan's Famous | |
| Wendy's | Initial and on-going manager and crew level training programs focus on what is needed to provide Wendy’s --A Cut Above-- total customer experience as well as providing management training on various business skills. |
| Support | |
| Nathan's Famous | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Wendy's | Franchisees receive on-going direct support from our skilled operators at the field level. We strive for A-level operations at every restaurant and provide the tools, resources and training to achieve superior customer service levels while maintaining restaurant level profit margins. |
| Marketing | |
| Nathan's Famous | Co-op advertising |
| Wendy's | |
| 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) |
| Wendy's | |
Expansion Plans |
|
| US Expansion | |
| Nathan's Famous | |
| Wendy's | |
| Canada Expansion | |
| Nathan's Famous | |
| Wendy's | 0 |
| International Expansion | |
| Nathan's Famous | |
| Wendy's | |