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Updated RecentlyMaid-Rite vs Binghamton Hots Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Maid-Rite vs Binghamton Hots including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $99,375 - $141,500 | $122,850 - $213,450 |
| Franchise Fee | $60,000 | $25,000 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 2% | 2% |
| Year Founded | 1926 | - |
| Year Franchised | 1926 | - |
| Term Of Agreement | - | 10 years +5+5 |
| Term Of Agreement | - | 10 years +5+5 |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | 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 |
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| 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 |
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| Training | - | Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions |
| Support | - | 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 | 12% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 - 14
Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Maid-Rite
Why Maid-Rite Makes
Excellent Business Sense.
We invite you to take part in the American dream of owning and operating your own business to achieve your personal goals for success. Our proven track record, of serving our customers for over 82 years, speaks for itself.
The personal satisfaction of owning your own business is just a few clicks away. See why Maid-Rite makes excellent business sense. Find out how easy it is to operate a Maid-Rite with our extensive franchisee training program and our A to Z Operating Manual. With Maid-Rite, you could be owning and operating, your own franchise within 60 to 150 days after completing your franchise application. The secret to success is getting started!
Recognized Brand
Our familiar red and white octagon logo has graced the landscape of the Midwest for over eight decades. It is a tradition that we are proud of and you, as a franchisee, will find the Maid-Rite name to be a welcome icon of recognized familiarity and popularity.
Regional Developer Franchise Opportunities -- United States
Master Franchises Available
-- International
Affordability Maid-Rite is the affordable choice. You can own and operate a single unit Maid-Rite franchise with an initial investment for as low as $200,000, which includes the franchisee fee, all equipment, furniture, fixtures, inventory, smallwares, signage and working capital in a leased premise. Financing and leasing options are available.
Make the "Rite" choice today to let us know of your interest in becoming a proud owner of a successful Maid-Rite franchise.
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.