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Below is an in-depth analysis and side-by-side comparison of Famous Dave's vs Crabby Joes including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $481,750 - $4,495,750 | $700,000 - $850,000 |
Franchise Fee | $45,000 | $35,000 |
Royalty Fee | 5% | 5% |
Advertising Fee | 1%Nat'l + 1.5% local | 2% |
Year Founded | 1995 | - |
Year Franchised | 1998 | - |
Term Of Agreement | 20 years | - |
Term Of Agreement | 20 years | - |
Renewal Fee | 50% of then-current fee | - |
Business Experience Requirements |
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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 |
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In-House/3rd Party | In-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 |
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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 |
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US Expansion | Yes | - |
Canada Expansion | No | Yes |
International Expansion | No | - |
Crabby Joe's is a fresh, entertaining concept setting new standards in the hospitality industry. In the months and years ahead, you will see more of the Crabby Joe's concept in locations throughout Ontario. Crabby Joe's Tap & Grill has already grown throughout southern Ontario and is now poised for rapid future expansion. Several markets have been identified as desirable opportunities and they look forward to discussing these with you.Crabby Joe's like to poke fun at themselves and to encourage their customers to share in an enjoyable visit. They promote themselves in the community, and encourage their franchisees to be active in their participation in special events, sponsoring local sports associations and helping charitable organizations, Crabby Joe's wants to be front and centre in the community. The fun theme is also carried through with their clients, encouraging them to participate in contests such as to jokingly nominate, "The Crabbiest Boss of the Month, etc., etc."