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Below is an in-depth analysis and side-by-side comparison of Five Guys Burgers & Fries vs Fat Patty's including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $306,200 - $716,250 | $627,533 - $1,048,500 |
Franchise Fee | $50,000 - $125,000 | $40,000 |
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 |
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Experience | -Working capital of $750,000 with good credit -Solid business experience sales and business experience required -Knowledge of the trade area where the store will be located -Passion for service | |
Financing Options |
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In-House/3rd Party | In-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 |
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Training | - | - |
Support | Newsletter, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Regional advertising | - |
Operations | - | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
Fat Patty’s opened its doors in 2007 beside the campus of Marshall
University in Huntington, West Virginia. We now have 4 locations in West
Virginia and Kentucky. The casual dining experience, along with our
full bar and numerous large, flat-screen televisions, makes Fat Patty’s the best family friendly restaurant around. Our focus is on team growth, training and development, investing in our facilities, remodeling and
involvement in our communities.