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Below is an in-depth analysis and side-by-side comparison of Famous Dave's vs The Sawmill 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 | $1,000,000 |
Franchise Fee | $45,000 | $50,000 |
Royalty Fee | 5% | - |
Advertising Fee | 1%Nat'l + 1.5% local | - |
Year Founded | 1995 | 1976 |
Year Franchised | 1998 | 2004 |
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 | Yes |
Canada Expansion | No | Yes |
International Expansion | No | - |
Sawmill Prime Rib & Steak House clientele expect the best and are willing to compensate with a higher than average guest cheque. This is an important consideration when comparing franchise options.
We are 100% behind our Franchisees and totally committed to their success. Comprehensive training is provided and all details are addressed to ensure efficient operations in front and back of house.
Our screening process is thorough and comprehensive to ensure that your experience and business acumen are the right fit to assure mutual success in years to come.