Ward's Restaurants vs Binghamton Hots Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Ward's Restaurants vs Binghamton Hots including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Ward's Restaurants Franchise
Binghamton Hots Franchise
Investment $250,000 - $400,000$122,850 - $213,450
Franchise Fee $20,000$25,000
Royalty Fee -5%
Advertising Fee -2%
Year Founded --
Year Franchised --
Term Of Agreement -10 years +5+5
Term Of Agreement -10 years +5+5
Renewal Fee --


Business Experience Requirements

 
Ward's Restaurants Franchise
Binghamton Hots Franchise
Experience -Some familiarity with restaurant operations is helpful, but it’s not required to be part of the Binghamton HOTS casual restaurant franchise program. We do look for people who will be dedicated to their restaurant operations, and who have solid business and people management experience. The ability to build a strong operations team and potentially open and operate multiple units are also important factors we evaluate.

Financing Options

 
Ward's Restaurants Franchise
Binghamton Hots Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/-No/-
Start-up Costs -/-No/-
Equipment -/-No/-
Inventory -/-No/-
Receivables -/-No/-
Payroll -/-No/-

Training & Support

 
Ward's Restaurants Franchise
Binghamton Hots Franchise
Training -Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions
Support -We will send a representative to assist you and your team on-site around the time of your Grand Opening. We will present you with a copy of our confidential operations manual to help you run your casual restaurant franchise properly on a day-to-day basis.
Marketing --
Operations --

Expansion Plans

 
Ward's Restaurants Franchise
Binghamton Hots Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About Ward's Restaurants

Ward’s Food Systems, Inc is the exclusive franchising agent for Ward’s Restaurants. Ward’s Food Systems provide consulting and support services to Ward’s franchisees, They assist in planning, site selection, construction, training, and opening of the new restaurant. After opening, regular visits by our franchise consultants help insure a successful program.

Is a Ward’s franchise right for you? It has been for many people from all walks of life. If you are serious about ownership in the restaurant industry, willing to devote your time and energy, and have an adequate net worth, the proven concept of a Ward’s restaurant could be for you. We welcome your inquiries into the possibilities of becoming a Ward’s franchise owner. Feel free to call us at your convenience for more detailed information and a personal appointment.

About Binghamton Hots

Everyone, from college kids and downtown residents to families and workers from local businesses, comes in to Binghamton HOTS for food and fun, throughout the day and night.

You can create your own local a destination that appeals to today’s consumers, including Millennials, who want creative menu options loaded with convenience.
  • You can build business with flexible service options across multiple dayparts - from lunch to dinner to late night - and even offer carry-out, delivery, and catering options, too.
  • You can be part of the immense restaurant industry, where demand for customization, convenience and flavor have quick service and fast-casual sales on a continual upward growth trend.
Best of all, you can operate your local HOTS spot with confidence, with our full support at every stage of your restaurant’s operations.