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Below is an in-depth analysis and side-by-side comparison of Damon's vs Crabby Joes including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $1,200,000 - $3,200,000 | $700,000 - $850,000 |
Franchise Fee | $50,000 | $35,000 |
Royalty Fee | 4% | 5% |
Advertising Fee | - | 2% |
Year Founded | 1979 | - |
Year Franchised | 1982 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | |
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/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
Franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit Number of employees needed to run franchised unit: 80 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | Yes |
International Expansion | No | - |
Founded in 1979, Damon's International, Inc., is headquartered in Columbus, Ohio. With more than 100 company and franchised locations worldwide, Damon's International, Inc., is a leading full-service, casual dining restaurant concept that emphasizes prime rib, grilled steaks, chicken, seafood, salad and Damon's award-winning ribs. Guests enjoy a quiet dining room or Damon's high-energy Clubhouse that features DTV, a proprietary, state-of-the-art multi-screen entertainment system offering sports, network programming and interactive games. Join a growing brand and enjoy the benefits of a great restaurant heritage and a strong and committed management team. Built upon a strong reputation for excellent barbecued ribs and outstanding entertainment in a unique dining environment, Damon's Grill is one of the industry's most distinctive casual theme restaurant concepts with high energy and great food. Damon's Grill has several lucrative territories available to experienced restaurant professionals who can demonstrate financial and operating capabilities.
Crabby Joe's is a fresh, entertaining concept setting new standards in the hospitality industry. In the months and years ahead, you will see more of the Crabby Joe's concept in locations throughout Ontario. Crabby Joe's Tap & Grill has already grown throughout southern Ontario and is now poised for rapid future expansion. Several markets have been identified as desirable opportunities and they look forward to discussing these with you.Crabby Joe's like to poke fun at themselves and to encourage their customers to share in an enjoyable visit. They promote themselves in the community, and encourage their franchisees to be active in their participation in special events, sponsoring local sports associations and helping charitable organizations, Crabby Joe's wants to be front and centre in the community. The fun theme is also carried through with their clients, encouraging them to participate in contests such as to jokingly nominate, "The Crabbiest Boss of the Month, etc., etc."