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Below is an in-depth analysis and side-by-side comparison of Famous Dave's vs R. J. Boar's Barbeque including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $481,750 - $4,495,750 | $378,000 - $910,000 |
Franchise Fee | $45,000 | $35,000 |
Royalty Fee | 5% | 4% |
Advertising Fee | 1%Nat'l + 1.5% local | - |
Year Founded | 1995 | - |
Year Franchised | 1998 | - |
Term Of Agreement | 20 years | 10 years |
Term Of Agreement | 20 years | 10 years |
Renewal Fee | 50% of then-current fee | - |
Business Experience Requirements |
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Experience | * Prefer Ownership/management experience in full service, casual dining restaurants, in or near the desired territories. * Multi unit experience is a big plus. * Single units will be considered depending on market conditions, demographics and other criteria. * If Area Development Agreement is chosen, minimum of three units required to be developed. * Minimum LIQUID net worth of $750,000. * Minimum per unit development costs could range from approx $900,000 to $4,000,000. * Proven commitment to customer service and quality food. | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/Yes | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
Franchisees required to buy multiple units/master licenses; 84% of all franchisees own more than one unit Number of employees needed to run franchised unit: 65 Absentee ownership of franchise is NOT allowed. (97% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
R.J. Boar's Franchising Corp. is granting establishment understandings for R.J. Boar's Barbecue Restaurants to qualified people. The R.J.Boar's equation has earned honors for the member eateries on which the establishment units are designed according to. Jim and Ross Murty, principals of the establishment organization, have broad eatery and establishment encounter. Ross remarked, "We have won honors in the past in light of our customer ubiquity, yet I think we are as pleased with the eatery administration framework we have created for franchisees. Furthermore, I would prescribe to anybody purchasing an establishment that they painstakingly look at the working framework, since they will utilize it regular."