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Below is an in-depth analysis and side-by-side comparison of Locos Grill & Pub vs Fat Patty'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 | $575,400 - $1,960,000 | $627,533 - $1,048,500 |
Franchise Fee | $35,000 | $40,000 |
Royalty Fee | 4% | - |
Advertising Fee | - | - |
Year Founded | 1988 | - |
Year Franchised | 1997 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | -Working capital of $750,000 with good credit -Solid business experience sales and business experience required -Knowledge of the trade area where the store will be located -Passion for service | |
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/No | -/- |
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, National media, Regional advertising | - |
Operations |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
A lot of us grow up dreaming maybe we could own our own business one day. And a lot of us think about how fun it could be if that business was a restaurant. What keeps us from executing that dream? Money?
Not knowing where to start? Not understanding what to do first, last and everything in between?
Stop dreaming and take action! Become an owner/operator of Locos Grill & Pub.
We will walk you through the entire process from site selection to design hiring and training a staff and be right beside you when you open and get comfortable being your own boss!
With 33 years of experience, why would you go anywhere else?Fat Patty’s opened its doors in 2007 beside the campus of Marshall
University in Huntington, West Virginia. We now have 4 locations in West
Virginia and Kentucky. The casual dining experience, along with our
full bar and numerous large, flat-screen televisions, makes Fat Patty’s the best family friendly restaurant around. Our focus is on team growth, training and development, investing in our facilities, remodeling and
involvement in our communities.