Famous Dave's vs Tony Roma's Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Famous Dave's vs Tony Roma's including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Famous Dave's Franchise
Tony Roma's Franchise
Investment $481,750 - $4,495,750$2,182,500 - $3,580,000
Franchise Fee $45,000$30,000
Royalty Fee 5%4% of net sales
Advertising Fee 1%Nat'l + 1.5% local1/2% of net sales for Domestic & 1/4% of net sales for International
Year Founded 19951972
Year Franchised 19981979
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee 50% of then-current fee-


Business Experience Requirements

 
Famous Dave's Franchise
Tony Roma's Franchise
Experience * Prefer Ownership/management experience in full service, casual dining restaurants, in or near the desired territories. * Multi unit experience is a big plus. * Single units will be considered depending on market conditions, demographics and other criteria. * If Area Development Agreement is chosen, minimum of three units required to be developed. * Minimum LIQUID net worth of $750,000. * Minimum per unit development costs could range from approx $900,000 to $4,000,000. * Proven commitment to customer service and quality food. -

Financing Options

 
Famous Dave's Franchise
Tony Roma's Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/Yes-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
Famous Dave's Franchise
Tony Roma's Franchise
Training --
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
Marketing Co-op advertising, Ad slicks, Regional advertising-
Operations Franchisees required to buy multiple units/master licenses; 84% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 65

Absentee ownership of franchise is NOT allowed. (97% of current franchisees are owner/operators)

-

Expansion Plans

 
Famous Dave's Franchise
Tony Roma's Franchise
US Expansion YesYes
Canada Expansion NoNo
International Expansion NoYes

Company Overviews

About Famous Dave's

Famous Dave's is a "specialty" casual dining restaurant franchise, creating environments that transcend current restaurant offerings by serving the highest quality, flavor-intense foods in surroundings that are stimulating, interesting and fun! Famous Dave's is more than a restaurant - it's an escape from the ordinary. Few restaurants in history have achieved as much recognition in a few short years as Famous Dave's! Dave's road to fame began with a strong hankerin' for fine barbecue and a stronger desire to make the finest slow-smoked barbecue folks had ever tasted. He visited rib shacks, roadside joints, every hole-in-the-wall or fancy pants supper club he could, all in search of the most succulent meats, savory seasonings and lipsmackin' sauces around. After 25 years of tastin' and cookin', Dave's barbecue just plain knocked the socks off his family and friends. That's when Dave decided he had to share. He wanted to give all the folks a chance to dig into the best barbecue ever. And in a place as down-home fun and frolicsome as the shacks and clubs he went a callin' on all those years.

"Top
#57 in Gator's Top franchises.

"franchiserankingscom"
#96 on Franchise Rankings.com


About Tony Roma's

Tony Roma's is a full service, casual dining restaurant where you can find premier ribs and steaks in locations across the world. With over 150 restaurant locations on six continents, Tony Roma's is one of the most recognized brand names in the world! From Miami to Los Angeles, Orlando to Edmonton, and Tokyo to Madrid, Tony Roma's serves its signature ribs, world famous onion loaf, and other steak, chicken and seafood entrees to thousands of guests every day. Development of Tony Roma's is continuing in new and existing markets around the world. - Worldwide superior brand name recognition.

- Restaurants in over 33 countries

- Franchise focused senior management and disciplines

- Innovative menu

- Casually sophisticated ambiance

- Globally experienced and successful management team

- Parent company has no debt and healthy cash reserves

- Parent company has no pending or current litigation

If you are interested in a terrific franchise opportunity and have a desire to open your own Tony Roma's Restaurant, here is your chance!