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Below is an in-depth analysis and side-by-side comparison of Jack in the Box vs Fat Patty's including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $1,651,500 - $2,638,600 | $627,533 - $1,048,500 |
Franchise Fee | $50,000 | $40,000 |
Royalty Fee | 5% | - |
Advertising Fee | 5% | - |
Year Founded | 1951 | - |
Year Franchised | 1982 | - |
Term Of Agreement | 20 years | - |
Term Of Agreement | 20 years | - |
Renewal Fee | 1,651,500 to $2,638,600 | - |
Business Experience Requirements |
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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 | -Working capital of $750,000 with good credit -Solid business experience sales and business experience required -Knowledge of the trade area where the store will be located -Passion for service |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/Yes | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | On-The-Job Training: 183 hours Classroom Training: 110 hours | - |
Support | Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | - | - |
International Expansion | - | - |
Fat Patty’s opened its doors in 2007 beside the campus of Marshall
University in Huntington, West Virginia. We now have 4 locations in West
Virginia and Kentucky. The casual dining experience, along with our
full bar and numerous large, flat-screen televisions, makes Fat Patty’s the best family friendly restaurant around. Our focus is on team growth, training and development, investing in our facilities, remodeling and
involvement in our communities.