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Below is an in-depth analysis and side-by-side comparison of Burger King vs Ward's Restaurants including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $333,100 - $3,398,600 | $250,000 - $400,000 |
Franchise Fee | $50,000 | $20,000 |
Royalty Fee | 4.5% | - |
Advertising Fee | 4% | - |
Year Founded | 1954 | - |
Year Franchised | 1961 | - |
Term Of Agreement | 20 years | - |
Term Of Agreement | 20 years | - |
Renewal Fee | $50K | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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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 | - |
Marketing | Co-op advertising, National media, Regional advertising | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Ward’s Food Systems, Inc is the exclusive franchising agent for Ward’s Restaurants. Ward’s Food Systems provide consulting and support services to Ward’s franchisees, They assist in planning, site selection, construction, training, and opening of the new restaurant. After opening, regular visits by our franchise consultants help insure a successful program.
Is a Ward’s franchise right for you? It has been for many people from all walks of life. If you are serious about ownership in the restaurant industry, willing to devote your time and energy, and have an adequate net worth, the proven concept of a Ward’s restaurant could be for you. We welcome your inquiries into the possibilities of becoming a Ward’s franchise owner. Feel free to call us at your convenience for more detailed information and a personal appointment.