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Updated RecentlyNathan's Famous vs Lobster Joint Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Nathan's Famous vs Lobster Joint including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $43,000 - $1,071,360 | $695,600 - $996,400 |
| Franchise Fee | $30,000 | $40,000 |
| Royalty Fee | 5.5% | 6% |
| Advertising Fee | 2% | 0.5% |
| Year Founded | 1916 | 2011 |
| Year Franchised | 1988 | 2015 |
| Term Of Agreement | 20 years | - |
| Term Of Agreement | 20 years | - |
| Renewal Fee | 50% of franchise fee | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/No | -/- |
| Start-up Costs | No/No | -/Yes |
| Equipment | Yes/No | -/Yes |
| Inventory | Yes/No | -/Yes |
| Receivables | No/No | -/Yes |
| Payroll | No/No | -/Yes |
Training & Support |
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| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | - |
| 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 |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | Yes |
Company Overviews
About Nathan's Famous
Franchising is a business concept that allows qualified investors to become part of an established, existing “system.” A good way to look at franchising is, you’re in business for yourself, but not by yourself. Strategically, this provides many benefits under a brand name that has consumer awareness and equity.
Nathan’s has taken this basic premise and redefined it to exceed the most stringent business criteria of today’s investor.
Nathan’s offers a wide range of restaurant designs and customized equipment, thereby offering business opportunities to qualified candidates regardless of space constraints or investment limitations.
The estimated initial investment for a BMP Operation ranges from
$43,000 to $86,300, including an initial license fee of $7,500. If you
want to add an “Arthur Treacher’s” BMP Operation to your new or existing
food service establishment, the additional estimated initial investment
will be from $34,404 to $81,486, including an initial license fee of
$7,500.
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#78 in Gator's Top franchises
#286 in Franchise 500 for 2020.
About Lobster Joint
Lobster Joint serves up only the best classic New England comfort food and more.
We're looking for entrepreneurs who wish to be owners of a proven franchise model.