|
Below is an in-depth analysis and side-by-side comparison of Jack in the Box vs BurgerFi including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $1,651,500 - $2,638,600 | $613,600 - $987,250 |
Franchise Fee | $50,000 | $37,500 |
Royalty Fee | 5% | 5.5% |
Advertising Fee | 5% | 1.5% |
Year Founded | 1951 | 2011 |
Year Franchised | 1982 | 2011 |
Term Of Agreement | 20 years | 10 years |
Term Of Agreement | 20 years | 10 years |
Renewal Fee | 1,651,500 to $2,638,600 | - |
Business Experience Requirements |
||
Experience | *Multi-unit restaurant operations experience *Minimum liquidity of $750,000 *Minimum net worth of $1.5 million *Ability to acquire and/or develop at least 5 restaurants *Operating partner is an equity partner and resides in the desired market | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/Yes | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | On-The-Job Training: 183 hours Classroom Training: 110 hours | 3 weeks of training at our corporate locations for your general manager, your kitchen manager and your front of the house manager. *Teaches your key management staff what they need to run your restaurant. *When your store opens we also provide a trainer to assist you at your location for the first week. *Training continues with your personal Franchise Business Advisor who works with you step by step on an ongoing basis. |
Support | Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | BurgerFi provides an extensive training and support program to help you every step of the way. |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |
BurgerFi is changing what America thinks about burgers. Our Natural Burgers are a healthful, wholesome and guilt free indulgence made from fresh, never frozen Natural Angus beef that is hormone and antibiotic free and raised humanly to create the best tasting burger possible. All beef dogs, real dairy fresh frozen custard and fresh cut fries, as well as craft beer and wine, are all served up in our urban hip design setting. You can join in the BurgerFication of the Nation with your own BurgerFi in your town.