Farmer Boys vs My Friend's Place Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Farmer Boys vs My Friend's Place including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Farmer Boys Franchise
My Friend's Place Franchise
Investment $1,042,500 - $2,486,500$156,650 - $260,400
Franchise Fee $45,000$20,000
Royalty Fee 5%5%
Advertising Fee 3%1%
Year Founded 19811980
Year Franchised 19971980
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements
 
Farmer Boys Franchise
My Friend's Place Franchise
Experience
  • Industry experience
  • General business experience
    		• -

    Financing Options
     
    Farmer Boys Franchise
    My Friend's Place 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
    My Friend's Place Franchise
    Training On-The-Job Training: 480 hours Classroom Training: 60 hours 1. Headquarters 12 Business Days

    2. Franchisee Site 12 Business Days
    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 Field Operation Evaluation

    Field Training: At Additional Cost

    Initial Store Opening

    Inventory Control: At Additional Cost
    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)

    		Average Number of Employees: 2 Full-time, 2 Part-time

    Passive Ownership: Not Allowed

    Expansion Plans
     
    Farmer Boys Franchise
    My Friend's Place Franchise
    US Expansion YesYes
    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 My Friend's Place

    A quality franchise opportunity for your financial independence and future. Our restaurants cater to the quality-oriented customer interested in a quick, yet light and healthy lunch, specializing in sandwiches, salads, soups and home-made desserts. MY FRIEND'S PLACE is a 'Fresh Food Express!'