|
Below is an in-depth analysis and side-by-side comparison of Krystal Restaurants vs Hot Fries 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 | $166,997 - $374,900 |
Franchise Fee | $32,500 | $30,000 |
Royalty Fee | 4.5% | - |
Advertising Fee | - | - |
Year Founded | 1932 | - |
Year Franchised | 1990 | - |
Term Of Agreement | 20 years | - |
Term Of Agreement | 20 years | - |
Renewal Fee | $8.1K | - |
Business Experience Requirements |
||
Experience | Strong Sales and Client Service Abilities • Good with Timing and Schedule Management • High Personal Standards • Able to Meet Initial Investment Requirements • Strong Sense of Integrity in Corporate and Client Relationships • A Willingness and Commitment to Excellent Service Targeted experiences for potential franchise owners may include: • Franchise Operations or Hospitality Service Industry Experience • Business Owner and/or Managerial Experience • Entrepreneurial team who wants to start a 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 | - | 2-3 Weeks of training at Hot Fries HQ in Southern California beginning approximately 8 weeks before the franchise is scheduled to open for business • 1 week of training at your location to get your business started • 2 sessions per year, which can be up to 2 days of refresher/update training or meetings in each session • Ongoing support and guidance in building and operating your business |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | When you join the Hot Fries team as a franchise owner, you will receive outstanding support in a number of different exciting areas: • Operational Support • Marketing Support • Purchasing Support • Accounting and Legal Support • Ongoing Research and Development |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
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) | - |
Expansion Plans |
||
US Expansion | Yes | 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.
Never heard “gooder” before? That’s okay, you’ve never seen an
opportunity like this before, either. Maybe we’ve let all that
seasonings go to our heads, but we like to stay on top of the trends
by offering an extensive menu with a local edge that includes
regionalized fries, chicken and drinks. Hot Fries is hot because we’re everything that mega corporations aren’t. Passionate people instead of cold-hearted committees. Cooked-with-care instead of made-by-
machine. Got-your-back instead of stab-in-the-back. If this sounds like your kind of business, we’ll be proud to have you.
We start with the finest potatoes, slice them for maximum crispiness,
flash-fry them to a perfect golden brown, and hand-season them while they’re hot.
That’s what turns regular fries into Hot Fries!
Hot Fries came into existence in order to offer to the world the best
potatoes ever. Beside the fries, we have formulated a variety of special seasonings to enhance your experience when enjoying our fries. Our packaging, in which we serve the fries, has been designed so that you
can eat the fries while walking around or enjoy them while sitting.
It is our goal that you enjoy the tastes offered by Hot Fries as well as
the experience of choosing, ordering and consuming our specialties that feature no trans fat oils & support sustainable farming!