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Below is an in-depth analysis and side-by-side comparison of The Firkin Group of Pubs vs Famous Sam's including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $297,900 - $1,000,000 | $586,000 - $1,200,000 |
Franchise Fee | $30,000 | $30,000 |
Royalty Fee | 5% | 5% |
Advertising Fee | - | - |
Year Founded | 1987 | 1979 |
Year Franchised | 1987 | 1989 |
Term Of Agreement | 10-20 years | 20 years |
Term Of Agreement | 10-20 years | 20 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | ||
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/Yes | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | Our Firkin training helps franchisees learn about running a successful and most importantly, profitable business. Every franchisee is required to complete an intense, mandatory training session over the course of 4 weeks that encompasses every aspect of the Firkin business. From day one, franchisees also have access to highly coveted, one of a kind, training materials including: * F.U. Firkin University in-house * F.U. Firkin University online * Firkin Autopilot �" franchisee intranet | - |
Support | Meetings, Purchasing cooperatives | Newsletter, Meetings, Toll-free phone line, Field operations/evaluations |
Marketing | - | Co-op advertising |
Operations |
Franchisees required to buy multiple units/master licenses
Absentee ownership of franchise is allowed. |
46% of all franchisees own more than one unit
100% of current franchisees are owner/operators |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | Yes | No |
In Tucson, Arizona, in 1963, Sam Schantz opened a small neighborhood bar called 'Sam's Tavern.' Serving overstuffed pastrami and ham sandwiches, Sam's Tavern kept customers entertained with pool tables, pinball machines and television. In February 1987, Sam's Tavern incorporated as Famous Sam's Corp., and franchising began the next year. In 1997, Famous Sam's Inc. was incorporated as a wholly owned subsidiary, and company headquarters moved to Phoenix. Famous Sam's Restaurant/Sports Bars offers reasonably priced casual dining with 'Overstuffed/Oversized' sandwiches and a full bar. Restaurants feature televisions tuned to sporting events and the 'National Trivia Network,' inviting guests to play trivia games. Game areas include pool tables, darts and video games.