Five Guys Burgers & Fries vs Lick's Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Five Guys Burgers & Fries vs Lick's including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Five Guys Burgers & Fries Franchise
Lick's Franchise
Investment $306,200 - $716,250$495,000 - $595,000
Franchise Fee $50,000 - $125,000$45,000
Royalty Fee 6%-
Advertising Fee 2%-
Year Founded 1986-
Year Franchised 2002-
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements
 
Five Guys Burgers & Fries Franchise
Lick's Franchise
Experience
  • Industry experience
  • General business experience
    		• -

    Financing Options
     
    Five Guys Burgers & Fries Franchise
    Lick's Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Five Guys Burgers & Fries Franchise
    Lick's Franchise
    Training --
    Support Newsletter, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
    Marketing Regional advertising-
    Operations --

    Expansion Plans
     
    Five Guys Burgers & Fries Franchise
    Lick's Franchise
    US Expansion Yes-
    Canada Expansion NoYes
    International Expansion No-

    Company Overviews

    About Five Guys Burgers & Fries

    At Five Guys, we don't like to talk about ourselves very much. We would rather focus on making burgers. So if you're interested in franchising, we hope it's because you love our burgers, love that we have a simple menu, and want to serve great burgers in a clean and friendly environment with very little fuss. If you feel that way, then there isn't much more to say! With the simple focus on quality, service and cleanliness, Five Guys has opened over 300 restaurants in less than five years. If you're interested in being a part of the Five Guys family, then fill out our form to reach our Franchise Department. We will get back to you with an application and will let you know what areas of the country are open for development. Markets Available for Development We are pleased to announce that we are currently sold out in the United States and in Canada. Our franchisees are feverishly working on completing development of their territories. This means that there are some areas without Five Guys locations, but those territories have been sold and franchisees will be opening there soon.

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    About Lick's

    Opportunities exist for highly motivated, energetic individuals with excellent people skills and the ability to communicate enthusiasm, who share our passion for success and commitment to quality. Get the Lick's Advantage! Lick's offers a "turnkey operation", planning, design, & construction, training, hiring, training of staff, pre-opening assistance, on going support and guidance, operating manuals, recipes and menus, accounting services, purchasing, advertising and promotion. Lick's will assist you with site selection and lease negotiations, and will provide all the necessary planning, design and construction of your store. Lick's provides an extensive, mandatory training program complete with comprehensive manuals for all potential franchisees. Before you open, you will be provided advice and assistance in the hiring and training of required staff and a trained Lick's representative will spend a minimum of four weeks with you at your store to assist in the set up and opening operations. Following this, Licks will provide any and all necessary supervision, consultation and assistance as determined by the Lick's Inspection and support program. You will automatically become a part of the centrally controlled Lick's supply system for food, beverages, paper and other supplies. Lick's also administers a central advertising and promotion fund for highly efficient, cost effective marketing programs and in-store promotions. Lick's is now aggressively developing franchise locations in Ontario and Master Franchise opportunities outside the Ontario Region.