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Updated RecentlyApplebee's vs Cool Hand Luke's Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Applebee's vs Cool Hand Luke'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 | $2,009,038 - $8,267,250 | $373,000 - $1,817,500 |
| Franchise Fee | $35,000 | $50,000 |
| Royalty Fee | 4% initially, 5% possible after | - |
| Advertising Fee | not less than 4% | - |
| Year Founded | 1980 | 2004 |
| Year Franchised | 2014 | 2005 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | Our Ideal Franchise Partner -Is committed to a long term franchise relationship built on trust and respect -Knows how to build a brand -Understands that accessible pricing and value are core components of casual dining -Has prior hospitality experience or knowledge, particularly in critical areas like supply chain, quality assurance, real estate development, and marketing -Has or will have infrastructure dedicated to the development of our brand -Has material liquidity and net worth, with access to capital -Has a track record of developing multi-unit restaurant systems | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Applebee's
Applebee's is the largest casual dining chain in the world with sales of $4.7 billion in 2006. Already the business staple of friendly casual dining, Applebee's is pursuing expansion opportunities, and is looking for individuals/firms with a serious interest in developing our successful brand internationally.
For years Applebee's has embraced neighborhood culture, providing high-quality food and drinks in a friendly and informal atmosphere. Compared to the competition, Applebee's consistently delivers food to the consumer faster as well as more affordably. We plan to take this same mantra abroad, creating a warm, inviting dining experience designed around location-specific demographics and customer preference information.
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#96 on Franchise Rankings.com
About Cool Hand Luke's
Cool Hand Luke’s Steakhouse and Saloon opened its first location in Clovis Ca. in Dec. 2004. From the very beginning the locals named it the "Coolest joint in town" Since then we have expanded to 11 other units in California and one in Eagle Idaho. What makes us unique is our hand cut marinated steaks that come directly from our own Meat Company.
Project Expansion
We are looking for qualified franchisees to expand into new frontiers. Current Opportunity exists in the San Diego and Los Angeles Ca. area. Our Western Themed Wild West Grill offers communities an opportunity to "Step back in time and enjoy a unique dining experience with extraordinary value. Franchise Support
Cool Hand Luke’s Steakhouse and Saloon is part of a family of Brands that dates back to 1964. With decades of experience behind us and the future before us, the Dynaco team will join forces with you to build your business on a solid foundation. Our team will assist you from the beginning steps including site selection, plan design, thru training and opening your restaurant. We offer a offer comprehensive training program and ongoing evaluation and support to ensure your success.
Every decision made by the parent Company is made with the franchisee in mind. Food development, cost control, and expense management are handled by the President, senior staff and our franchise board. Knowing how important communication is to the success of a company, we hold various meetings throughout the year with franchise owners and our staff to discuss marketing, research and development, networking and many other issues related to our business. We come together as a team to plan, brainstorm, and guide our company to the future.