|
Below is an in-depth analysis and side-by-side comparison of Denny's vs Ricky's including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $305,000 - $2,404,695 | $800,000 - $950,000 |
Franchise Fee | $10,000 - $30,000 | $45,000 |
Royalty Fee | 4.5%-7% | 4.5% |
Advertising Fee | 3%-3.5% | 3% |
Year Founded | 1953 | 1960 |
Year Franchised | 1984 | 1978 |
Term Of Agreement | 20 years | - |
Term Of Agreement | 20 years | - |
Renewal Fee | $10K for 10 years | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | On-The-Job Training: 91 hours Classroom Training: 16 hours Additional Training: At existing Denny's restaurants | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media Website development Email marketing Loyalty program/app | - |
Operations |
44% of all franchisees own more than one unit Number of employees needed to run franchised unit: 80 Absentee Ownership Allowed | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | Yes |
International Expansion | Yes | No |
RICKYS ALL DAY GRILL is a mid-scale restaurant/lounge concept featuring high quality Breakfast Plates, plus an Extensive Lunch and Dinner Menu showcasing ribs, chicken, pastas, steaks, burgers, and home-style favourites. It's dynamic, stylized decor theme makes all age groups comfortable in this 3 day part concept with full bar. Ricky's has a proven track record in providing key site selection, construction, comprehensive training, ongoing operation support and marketing programs.