CRAVE vs Freddy's Frozen Custard & Steakburgers Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of CRAVE vs Freddy's Frozen Custard & Steakburgers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$157,900 - $453,500 | $640,552 - $2,077,046 |
Franchise Fee |
$35,000 | $25,000 |
Royalty Fee |
6% | 4.5% |
Advertising Fee |
2% | 3.75% |
Year Founded |
2018 | 2002 |
Year Franchised |
2018 | 2002 |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | 1/3 of Franchise Fee |
Business Experience Requirements |
Experience |
$100,000 Liquid Capital | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/- | -/- |
Start-up Costs |
-/- | -/- |
Equipment |
-/- | -/- |
Inventory |
-/- | -/- |
Receivables |
-/- | -/- |
Payroll |
-/- | -/- |
Training & Support |
Training |
Ongoing Training Programs | On-The-Job Training: 140-150 hours
Classroom Training: 10-20 hours |
Support |
Real Estate Assistance
Marketing Assistance
Operational Support Systems in Place | Purchasing Co-ops
Newsletter
Meetings/Conventions
Grand Opening
Online Support
Security/Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform |
Marketing |
- | Ad Templates
Social media
SEO
Website development
Email marketing |
Operations |
- | - |
Expansion Plans |
US Expansion |
- | Yes |
Canada Expansion |
- | - |
International Expansion |
- | Yes |
Company Overviews
About CRAVE
Crave began in 2018 and are unique and trendy fast casual BBQ and Hot
Dog Joints, that offer BBQ sandwiches and sliders along with 100% All
Beef Hot Dogs, Brats and Sausages grilled to perfection. You can top
it anyway you like, with our array of toppings and of course add one of
our delicious sides, such as baked fries or coleslaw. Crave also
features a Self Serve Beer Wall! Customers can choose from the many beer
options, as well as wine and cider. As much or
little as you choose, it’s up to YOU!
About Freddy's Frozen Custard & Steakburgers
Much obliged to you for your enthusiasm for our establishment program. Joining the Freddy's family will unquestionably suit your longing to be a piece of one of the best business openings around. Freddy's offers you an approach to enter the universe of diversifying, work for yourself and settle on business choices that permit you the flexibility to receive the benefits of your own diligent work. We trust that the Freddy's framework offers extraordinary chances to potential establishment accomplices who have an unwavering and uncompromising duty to Guest friendliness and sustenance quality. We happily welcome you to research encourage into this one of a kind business opportunity. At Freddy's, solidified custard is such a mark some portion of the menu that it's incorporated into the name. Be that as it may, shockingly, the Freddy's story doesn't start with sweet. It began with a primary course back in the 1950's. Freddy used to treat family and companions to his own formula of an American exemplary he called "the steakburger." Today, thousands assemble at Freddy's for nourishment and partnership reminiscent of years past, a less complex time. Consider joining the future development of Freddy's, with numerous domains still accessible around the nation. Demonstrated idea, demonstrated pioneers, and YOU.
The total investment necessary to begin operation of a Freddy’s
Restaurant franchise ranges from $640,552 to $1,131,726 for an In-Line
Restaurant, $766,062 to $1,889,891 for an End-Cap Restaurant and
$1,101,922 to $2,077,046 for a Standalone Restaurant. This includes
$25,000 that must be paid to the franchisor. The initial development fee
will generally be the sum of $5,000 times the number of Restaurants to
be established, which will be payable upon signing of the Development
Agreement.
#67 in Franchise 500 for 2020.
#34 in Franchise 500 for 2021.