Nathan's Famous vs Mr. Goodburger's Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Nathan's Famous vs Mr. Goodburger's including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Nathan's Famous Franchise
Mr. Goodburger's Franchise
Investment $43,000 - $1,071,360$155,000 - $210,000
Franchise Fee $30,000$25,000
Royalty Fee 5.5%6-8%
Advertising Fee 2%-
Year Founded 19162001
Year Franchised 19882003
Term Of Agreement 20 years5 years
Term Of Agreement 20 years5 years
Renewal Fee 50% of franchise fee-


Business Experience Requirements
 
Nathan's Famous Franchise
Mr. Goodburger's Franchise
Experience
  • Industry experience
  • General business experience

  • Industry experience
  • General business experience
  • (industry and general business experience are recommended)
    		•

    Financing Options
     
    Nathan's Famous Franchise
    Mr. Goodburger's Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/NoNo/No
    Start-up Costs No/NoNo/No
    Equipment Yes/NoNo/No
    Inventory Yes/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    Nathan's Famous Franchise
    Mr. Goodburger's Franchise
    Training -Internet refresher courses
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluationsNewsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
    Marketing Co-op advertisingAd slicks, National media, Regional advertising
    Operations 60% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 14

    Absentee ownership of franchise is allowed. (65% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    Nathan's Famous Franchise
    Mr. Goodburger's Franchise
    US Expansion -Yes
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    About Nathan's Famous

    Franchising is a business concept that allows qualified investors to become part of an established, existing “system.” A good way to look at franchising is, you’re in business for yourself, but not by yourself. Strategically, this provides many benefits under a brand name that has consumer awareness and equity.
    Nathan’s has taken this basic premise and redefined it to exceed the most stringent business criteria of today’s investor.

    Nathan’s offers a wide range of restaurant designs and customized equipment, thereby offering business opportunities to qualified candidates regardless of space constraints or investment limitations.

    The estimated initial investment for a BMP Operation ranges from $43,000 to $86,300, including an initial license fee of $7,500. If you want to add an “Arthur Treacher’s” BMP Operation to your new or existing food service establishment, the additional estimated initial investment will be from $34,404 to $81,486, including an initial license fee of $7,500.

    "Top
    #78 in Gator's Top franchises
    #286 in Franchise 500 for 2020.


    About Mr. Goodburger's

    The business built on creating healthy, animal-free fast food went belly up. See Wink's Cheeseburger Factory.