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Updated RecentlyFuddruckers vs Binghamton Hots Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Fuddruckers vs Binghamton Hots including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $495,000 - $1,565,000 | $122,850 - $213,450 |
| Franchise Fee | $35,000 | $25,000 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | .25% | 2% |
| Year Founded | 1980 | - |
| Year Franchised | 1983 | - |
| Term Of Agreement | 20 years | 10 years +5+5 |
| Term Of Agreement | 20 years | 10 years +5+5 |
| Renewal Fee | $25K | - |
Business Experience Requirements |
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| Experience | Some familiarity with restaurant operations is helpful, but it’s not required to be part of the Binghamton HOTS casual restaurant franchise program. We do look for people who will be dedicated to their restaurant operations, and who have solid business and people management experience. The ability to build a strong operations team and potentially open and operate multiple units are also important factors we evaluate. | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/- |
| Start-up Costs | No/No | No/- |
| Equipment | No/No | No/- |
| Inventory | No/No | No/- |
| Receivables | No/No | No/- |
| Payroll | No/No | No/- |
Training & Support |
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| Training | 6-week training program | Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions |
| Support | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations | We will send a representative to assist you and your team on-site around the time of your Grand Opening. We will present you with a copy of our confidential operations manual to help you run your casual restaurant franchise properly on a day-to-day basis. |
| Marketing | Regional advertising | - |
| Operations |
53% of all franchisees own more than one unit Number of employees needed to run franchised unit: 40 Absentee ownership of franchise is NOT allowed. (99% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Fuddruckers
The first Fuddruckers opened in San Antonio, Texas in 1980 with a classic American nostalgia theme. Fuddruckers operates and franchises more than 200 restaurants in the United States, Puerto Rico, Canada and the Middle East. The emphasis today is the same as it was in 1980 - we use only the freshest ingredients. Our restaurants serve only the freshest beef and feature on-premise bakeries where bread and dessert items are baked fresh daily. It's truly a "build-your-own meal" experience.
About Binghamton Hots
You can create your own local a destination that appeals to today’s consumers, including Millennials, who want creative menu options loaded with convenience.
- You can build business with flexible service options across multiple dayparts - from lunch to dinner to late night - and even offer carry-out, delivery, and catering options, too.
- You can be part of the immense restaurant industry, where demand for customization, convenience and flavor have quick service and fast-casual sales on a continual upward growth trend.