|
Below is an in-depth analysis and side-by-side comparison of Johnny Rockets vs Abrakebabra including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $581,000 - $877,000 | N/A |
Franchise Fee | $49,000 | N/A |
Royalty Fee | 5% | 7% |
Advertising Fee | - | - |
Year Founded | 1986 | 1982 |
Year Franchised | 1987 | 1982 |
Term Of Agreement | 10 years w/two 5-year options | - |
Term Of Agreement | 10 years w/two 5-year options | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | You and/or a business partner(s) must have at least two years restaurant owner/operator experience. You and/or a business partner(s) must have a net worth of $500 thousand per unit, and available liquid capital of $200 thousand per unit, or more, (net worth of $1.5 million per unit, and available liquid capital of $500 thousand per unit, or more, outside of the U.S.), in order to qualify for development of up to five units. Development of six units or more will be considered on a case by case basis, pending your net worth and available liquid capital. | - |
Financing Options |
||
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 |
||
Training | - | - |
Support | Meetings, Grand opening, Field operations/evaluations | - |
Marketing | National media, Regional advertising | - |
Operations |
Franchisees required to buy multiple units/master licenses; 95% of all franchisees own more than one unit Number of employees needed to run franchised unit: 48 - 53
Absentee ownership of franchise is NOT allowed. (98% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | Yes |
Abrakebabra is an Irish fast food franchise that was founded in 1982. The company currently has 57 franchisees operating throughout Ireland and generates annual sales of more than 40 million euros. Abrakebabra is planning to continue to expand concentrating on food courts where it has been trading successfully in Mahon Pt, Newbridge S/C Liffey Valley and Arklow S/C. Suitable franchisee candidates must have the vision to see Abrakebabra as a successful business venture going forward and they should possess the determination to succeed and make their financial investment pay off. The Abrakebabra franchise package includes: use of the Abrakebabra name and logo; operations training for staff and management; site selection, stock access and management; shop layout and design advice from group's design and building team; advantages of national brand advertising; and a detailed operating manual.