|
Below is an in-depth analysis and side-by-side comparison of Krystal Restaurants vs The Burger Joint including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $900,000 - $1,300,000 | $195,800 - $589,800 |
Franchise Fee | $32,500 | $40,000 |
Royalty Fee | 4.5% | 5.5% |
Advertising Fee | - | 1%Nat'l + 1%Local |
Year Founded | 1932 | - |
Year Franchised | 1990 | - |
Term Of Agreement | 20 years | - |
Term Of Agreement | 20 years | - |
Renewal Fee | $8.1K | - |
Business Experience Requirements |
||
Experience | Restaurant experience is preferred, but we will consider prospects who posses strong leadership and management skills and have a history of successfully operating in a service oriented business. | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | You (and any key operations management) will be required to attend and successfully complete our Initial Training program. The Initial Training program may last up to seventeen (17) days, and must be completed prior to your opening each Restaurant. A BGR representative will be on site just prior to your opening, and immediately following your opening, to help support you during this important phase. |
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 | BGR trademark and logo specifications, which are continually modified and expanded based on the impact of each specific marketing and promotional campaign we implement in our local markets. |
Operations |
Franchisees required to buy multiple units/master licenses; 94% of all franchisees own more than one unit Number of employees needed to run franchised unit: 30 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | BGR has developed a POS for the operation of the Restaurants and management reporting purposes. The BGR POS interfaces with ADP for time clock purposes and payroll processing. Provided your accounting software can empower you to efficiently and effectively produce financial statements (which will be per our Chart of Accounts), BGR will accept most brand name accounting software systems. |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
The Krystal Company is the oldest quick service restaurant chain in the South and the second oldest in the United States. The Chattanooga-based company currently has more than 450 restaurants in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas and Virginia. Founded in 1932, Krystal restaurants have become more than sparkling-clean eateries where friendly employees serve up fresh, delicious food. Krystal has become a cultural icon and an experience that virtually every man, woman and child in the South has shared. Nearly everyone in the region has a Krystal memory. The Krystal brand, and the great food, service, value and setting which it represents, has taken a prominent place in the South's cultural landscape.
The Ultimate Burger Experience Meets The Ultimate Fast Casual OpportunityBGR The Burger Joint is a critically acclaimed restaurant that serves award-winning food... We are passionate about good food and good times, and equally passionate about helping our franchise owners reach their personal and professional goals. Our franchise opportunity can provide you with a quality restaurant business lifestyle as part of our growing system. Are you driven, passionate, and motivated? Do you have strong business management and customer service skills? If you think BGR The Burger Joint is a good fit for you, as you look to take your career - and your life - to the next level, then we’d love to talk to you. For experienced entrepreneurs that qualify, we offer single and multiple unit franchise packages. Take the next step! For more information on the BGR The Burger Joint franchise program contact us at 888-830-0801