Carl's Jr vs Binghamton Hots Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Carl's Jr vs Binghamton Hots including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Carl's Jr Franchise
Binghamton Hots Franchise
Investment $1,603,000 - $2,168,000$122,850 - $213,450
Franchise Fee $25,000 - $35,000$25,000
Royalty Fee 4%5%
Advertising Fee 6%2%
Year Founded 1945-
Year Franchised 1984-
Term Of Agreement 20 years10 years +5+5
Term Of Agreement 20 years10 years +5+5
Renewal Fee Varies-


Business Experience Requirements
 
Carl's Jr Franchise
Binghamton Hots Franchise
Experience
  • Industry experience
  • General business experience
  • Preferable operational experience in a restaurant, but will consider people who have owned their own business
    		• 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
     
    Carl's Jr Franchise
    Binghamton Hots Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/-
    Start-up Costs No/NoNo/-
    Equipment No/NoNo/-
    Inventory No/NoNo/-
    Receivables No/NoNo/-
    Payroll No/NoNo/-

    Training & Support
     
    Carl's Jr Franchise
    Binghamton Hots Franchise
    Training Available at franchisee's location, 12 weeks of management training & at grand openingClassroom (up to 16 hours) On-the-job (up to 60 hours) sessions
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperativesWe 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 Franchisees required to buy multiple units/master licenses; 100% of all franchisees own more than one unit

    Absentee ownership of franchise is NOT allowed.

    		-

    Expansion Plans
     
    Carl's Jr Franchise
    Binghamton Hots Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Carl's Jr

    Carl's Jr. is known all through the Western U.S. as the place to go for premium quality burgers, specifically its 100% Angus hamburger Six Dollar Burger line.

    At Hardee's® and Carl's Jr.® our brand sets us apart from the competition. Our advertisements are created to be so bold and memorable that they've been known to crash internet video servers. Our taglines deliver bold statements and our visuals are designed to keep viewers wanting more. EAT LIKE YOU MEAN IT.

    Hardee's® and Carl's Jr.® have a strong track record of successfully developing new premium products to lead the category in taste, quality, and innovation. As an industry leader, we have consistently out-delivered all other quick-service restaurants in product development since our founding. Staying on top requires that we continue to lead the way in the products we serve through taste, quality, and innovation.


    ""  "Entrepreneur

    #100 in Franchise 500 for 2020.
    #202 in Franchise 500 for 2021.




    About Binghamton Hots

    Everyone, from college kids and downtown residents to families and workers from local businesses, comes in to Binghamton HOTS for food and fun, throughout the day and night.

    You can create your own local a destination that appeals to today’s consumers, including Millennials, who want creative menu options loaded with convenience.
    • You can build business with flexible service options across multiple dayparts - from lunch to dinner to late night - and even offer carry-out, delivery, and catering options, too.
    • You can be part of the immense restaurant industry, where demand for customization, convenience and flavor have quick service and fast-casual sales on a continual upward growth trend.
    Best of all, you can operate your local HOTS spot with confidence, with our full support at every stage of your restaurant’s operations.