Farmer Boys vs Good Times Burgers Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Farmer Boys vs Good Times Burgers including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Farmer Boys Franchise
Good Times Burgers Franchise
Investment $1,042,500 - $2,486,500$750,000 - And Up
Franchise Fee $45,000N/A
Royalty Fee 5%4%
Advertising Fee 3%up to 5.5%
Year Founded 1981-
Year Franchised 1997-
Term Of Agreement 20 years15 years
Term Of Agreement 20 years15 years
Renewal Fee --


Business Experience Requirements

 
Farmer Boys Franchise
Good Times Burgers Franchise
Experience
  • Industry experience
  • General business experience
  • -

    Financing Options

     
    Farmer Boys Franchise
    Good Times Burgers Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support

     
    Farmer Boys Franchise
    Good Times Burgers Franchise
    Training On-The-Job Training: 480 hours Classroom Training: 60 hours -
    Support Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform -
    Marketing Co-op Advertising Ad Templates Regional Advertising Social media SEO Loyalty program/app -
    Operations 20% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 30

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    -

    Expansion Plans

     
    Farmer Boys Franchise
    Good Times Burgers Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About Farmer Boys

    During the 1970s, brothers Makis and Chris Havadjias worked in restaurants to earn money for college. They helped the owners of one of those restaurants rebuild the establishment, and later bought it. With the experience they gained at that first restaurant, the brothers bought a poorly performing restaurant in Perris, California, that they built into Farmer Boys. With the help of their three other brothers, the Havadjias expanded Farmer Boys throughout Riverside and San Bernardino counties in Southern California. Each location serves hamburgers, sandwiches, salads and a full breakfast menu. The company began franchising in 1998.

    #128 in Franchise 500 for 2021. Not ranked in 2020.

    About Good Times Burgers

    Good Times offers a concept that serves success, opportunity and fun. We provide our franchisees with a high level of support and personal care throughout the franchise process. Good Times seeks both individual and multi-unit development franchisees for development in western and mid-western markets.
    We are a quick service restaurant chain serving a high quality, fresh, unique, proprietary selection of hamburgers made with Meyer All-Natural, All-Angus beef, All-Natural chicken from Springer Mountain Farms, Hatch Valley Green Chile Breakfast Burritos, signature Wild Fries and Natural Cut Fries, Beer Battered Onion Rings and fresh, creamy Frozen Custard in a variety of flavors, hand-spun shakes and Spoonbenders.