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

 
CRAVE Franchise
Freddy's Frozen Custard & Steakburgers Franchise
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 20182002
Year Franchised 20182002
Term Of Agreement --
Term Of Agreement --
Renewal Fee -1/3 of Franchise Fee


Business Experience Requirements

 
CRAVE Franchise
Freddy's Frozen Custard & Steakburgers Franchise
Experience $100,000 Liquid Capital-

Financing Options

 
CRAVE Franchise
Freddy's Frozen Custard & Steakburgers Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
CRAVE Franchise
Freddy's Frozen Custard & Steakburgers Franchise
Training Ongoing Training ProgramsOn-The-Job Training: 140-150 hours Classroom Training: 10-20 hours
Support Real Estate Assistance Marketing Assistance Operational Support Systems in PlacePurchasing 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

 
CRAVE Franchise
Freddy's Frozen Custard & Steakburgers Franchise
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.

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#67 in Franchise 500 for 2020.
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