| ||||
Updated RecentlyCRAVE vs Binghamton Hots Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of CRAVE vs Binghamton Hots including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $157,900 - $453,500 | $122,850 - $213,450 |
| Franchise Fee | $35,000 | $25,000 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 2% | 2% |
| Year Founded | 2018 | - |
| Year Franchised | 2018 | - |
| Term Of Agreement | - | 10 years +5+5 |
| Term Of Agreement | - | 10 years +5+5 |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | $100,000 Liquid Capital | 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 |
||
| 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 |
||
| Training | Ongoing Training Programs | Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions |
| Support | Real Estate Assistance Marketing Assistance Operational Support Systems in Place | 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 |
||
| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
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 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.