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Updated RecentlyGrandy's vs Binghamton Hots Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Grandy's 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 | $799,800 - $1,104,000 | $122,850 - $213,450 |
| Franchise Fee | $30,000 | $25,000 |
| Royalty Fee | - | 5% |
| Advertising Fee | - | 2% |
| Year Founded | 1973 | - |
| Year Franchised | 1977 | - |
| Term Of Agreement | - | 10 years +5+5 |
| Term Of Agreement | - | 10 years +5+5 |
| Renewal Fee | - | - |
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/- |
| Start-up Costs | -/- | No/- |
| Equipment | -/- | No/- |
| Inventory | -/- | No/- |
| Receivables | -/- | No/- |
| Payroll | -/- | No/- |
Training & Support |
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| Training | - | Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions |
| Support | - | 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 | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Grandy's
Grandy's is now seeking outstanding franchise candidates in selected markets across the United States who share our passion for serving great food and want to grow with our respected brand.
Currently Grandy’s is sourcing new franchisees in markets that now have or have had open Grandy’s restaurants.
Grandy's franchise strategy includes a complete plan for managing and operating the establishment for a prospective franchisee.
The plan provides step-by-step procedures for every aspect of the business and, anticipating most management problems, provides a complete matrix for management decisions confronted by the franchisees.
The growth projections for year 2006 and beyond for franchisees are very optimistic.
At Grandy's, franchisees are never alone, which is one of the strongest benefits that one could hope for in this tough business world. Franchisees have Grandy's support, as well as other franchisees, who have moved through parallel business experiences.
As Grandy's has matured, our brand name and trademark has become more valuable. What this means to you, a future franchisee, is that the multiplication of sites creates a stronger market presence, which benefits all franchisees.
If you are interested, please forward your name, contact information and geographical area of interest for development to [email protected] and someone will contact you as soon as possible.
Thanks for your interest in Grandy's!
About Binghamton Hots
Everyone, from college kids and downtown residents to families and workers from local businesses, comes in to Binghamton HOTS for food and fun, throughout the day and night.
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 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.
Best of all, you can operate your local HOTS spot with confidence, with our full support at every stage of your restaurant’s operations.