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Below is an in-depth analysis and side-by-side comparison of Famous Dave's vs Old Carolina Barbecue Co. 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 | $309,800 - $687,000 |
Franchise Fee | $45,000 | $25,000 - $30,000 |
Royalty Fee | 5% | 5% |
Advertising Fee | 1%Nat'l + 1.5% local | 0.5% |
Year Founded | 1995 | 2006 |
Year Franchised | 1998 | 2012 |
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 | - |
International Expansion | No | - |
A passion for great barbecue inspired two former high school buddies to start a competition barbecue team in 2003. Travels across the country led us to discover the rich traditions of Carolina-style barbecue. During many road trips across the region, second and third generation pitmasters shared their closely guarded secrets and decades old recipes. It wasn't long before those recipes started earning Old Carolina trophies on the barbecue circuit. Best sauce. Best ribs. Best pulled pork. Fans of Old Carolina demanded a regular outpost they could visit every day of the week. And, in 2006, the first Old Carolina Barbecue Company restaurant opened in Massillon, OH. If you have tasted our food, you know that our concept is not just about barbecue. It's about great barbecue. If you have a passion to deliver that in your home market, we'd love to hear from you.