|
Below is an in-depth analysis and side-by-side comparison of Johnny Rockets vs Mr. Goodburger's including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $581,000 - $877,000 | $155,000 - $210,000 |
Franchise Fee | $49,000 | $25,000 |
Royalty Fee | 5% | 6-8% |
Advertising Fee | - | - |
Year Founded | 1986 | 2001 |
Year Franchised | 1987 | 2003 |
Term Of Agreement | 10 years w/two 5-year options | 5 years |
Term Of Agreement | 10 years w/two 5-year options | 5 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | You and/or a business partner(s) must have at least two years restaurant owner/operator experience. You and/or a business partner(s) must have a net worth of $500 thousand per unit, and available liquid capital of $200 thousand per unit, or more, (net worth of $1.5 million per unit, and available liquid capital of $500 thousand per unit, or more, outside of the U.S.), in order to qualify for development of up to five units. Development of six units or more will be considered on a case by case basis, pending your net worth and available liquid capital. | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | - | Internet refresher courses |
Support | Meetings, Grand opening, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | National media, Regional advertising | Ad slicks, National media, Regional advertising |
Operations |
Franchisees required to buy multiple units/master licenses; 95% of all franchisees own more than one unit Number of employees needed to run franchised unit: 48 - 53
Absentee ownership of franchise is NOT allowed. (98% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | Yes | Yes |
The business built on creating healthy, animal-free fast food went belly up. See Wink's Cheeseburger Factory.