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Below is an in-depth analysis and side-by-side comparison of Houlihan's vs Ben & Florentine Restaurants including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $1,600,000 - $4,300,000 | $619,650 - $817,800 |
Franchise Fee | $40,000 | $35,000 |
Royalty Fee | 4% | 6% |
Advertising Fee | - | - |
Year Founded | 1972 | 2008 |
Year Franchised | 1994 | 2008 |
Term Of Agreement | 20 years | - |
Term Of Agreement | 20 years | - |
Renewal Fee | $5K | - |
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/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | - | * The owner/operator follows six (6) weeks of training. (Theoretical & Practical) * Grand opening training & assistance for two (2) weeks |
Support | Meetings, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
Franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 78 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | Yes |
International Expansion | No | - |
To help us more quickly expand to new markets and trade areas, Houlihan's is seeking sophisticated restaurant operators with experience building out entire markets. At this time, we are not pursuing single-site franchise agreements.
Our ideal candidate to become a franchise market developer is a successful full-service, multi-unit operator with expertise in one or more large markets (e.g. the top 75 MSAs in the United States). We are seeking entrepreneurial organizations that can thrive in our flexible franchise environment, while having access to growth capital and capital reserves, but experiencing growth constraints with their current restaurant concept(s).
DO IT RIGHT, DO IT DELICIOUS, DO IT THE "BEN & FLORENTINE" WAY The Canadian and American markets are full of new openings and business opportunities. Ben & Florentine Restaurants Inc. aims to develop its territory strategically with restaurants of a high caliber. The Franchisees of Ben & Florentine benefit from a turnkey concept with a well established team. Our services include market studies, site-selection, lease negotiations, architectural design, interior decoration, marketing and promotional support and ongoing training.