Having had A BIT OF experience (we owned a few BITD) in this and a have friends who own large brand named ones.
A few things are very important, most is location, the 2nd (having the $$ to operate is a given) is "Protected Territory”{this is where
Snap-On stared screwing their people, I too looked into it years ago which should include more than just other stores, but if a certain Product is the draw, if the company starts offering that product through other outlets, you can be screwed, this happened to us with Tempurpedic and to Schwinn bicycles.
One friend is about to open a Krystal, here is the info.
Quote:
How much does it cost to open a Krystal Restaurants Franchise?
Total Investment: $900,000-$1,300,000
Initial Franchise Fee: $32,500
Royalty Fee: 4.5%
Advertising Fee:
Term of Agreement: 20 years
Renewal Fee: $8.1K
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We looked into Fatburger, but nothing in FL was open
.
Quote:
Name of Franchisor:
Fatburger North America, Inc.
Description of Business:
Quick casual, take-out & sit down hamburger restaurant.
Distinctive Features:
Fresh, 100% pure lean beef burgers, grilled in front of our customers. Large portions and distinctive seasonings. Classic rhythm & blues; oldies music theme.
Signature Products:
Fatburger hamburgers served with a wide assortment of fresh condiments; chili; chili dogs; steak fries; fresh cut onion rings; real hand-scooped ice cream shakes.
Year Founded:
1952
Franchising Since:
1990
Total Units :
97 units
Company Owned Units:
29 units
Franchised Units:
68 units
Geographic Distribution:
California, Nevada, Arizona, Washington, Florida, Colorado, New Jersey, New York, Georgia, Illinois, Maryland, Michigan, Nebraska, Ohio and internationally in Canada, Dubai, Hong Kong, Macao and Jakarta.
U.S. Franchise Fee:
$50,000
International Franchise Fee:
Varies by region, market size, and development term.
Royalty Fee:
6% of net sales.
Advertising Fee:
Franchisees must presently contribute up to 1.75% of net sales to the national or international marketing budget, as well as spend at least 2.25% of net sales on local marketing.
Total Required Investment:
Approximately $504,000 to $881,000 per unit.
International costs are similar to the U.S., however may vary with the local economy.
Company strongly prefers potential franchisees and joint venture partners interested in multi-unit agreements.
Contact:
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You need to decide what you want to do, how much time &
$$$ you are willing to invest and if you really want to be married to a business..
http://www.franchise.com/
Some times you can get a good deal from someone who already has one, but for what ever reason can't make it work..
http://www.franchiseforsale.com/