- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$509K - $1.7M
- Units as of 2023
-
36 16% over 3 years
Company Overview
About Elevation Burger
| Industry | Food |
|---|---|
| Related Categories | Hamburgers |
| Founded | 2005 |
| Parent Company | FAT Brands Inc. |
| Leadership | Taylor Wiederhorn, Chief Development Officer |
| Corporate Address |
9720 Wilshire Blvd., #500 Beverly Hills, CA 90212 |
| Social | Facebook, Twitter, Instagram |
Business Overview
| Franchising Since | 2008 (16 years) |
|---|---|
| # of employees at HQ | 315 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
| # of Units | 36 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Elevation Burger franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$50,000 |
|---|---|
|
Initial Investment
|
$508,600 - $1,694,900 |
|
Net Worth Requirement
|
$1,500,000 |
|
Cash Requirement
|
$500,000 |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
3.5% |
|
Term of Agreement
|
15 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Elevation Burger has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 256 hours |
|---|---|
| Classroom Training | 44 hours |
| Ongoing Support |
Purchasing Co-ops
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Ad Templates
National Media
Regional Advertising
Social Media
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 15-25 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Elevation Burger landed on this year's Franchise 500 Ranking versus previous years.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Elevation Burger.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
Thinking of Franchising Your Business? This Franchise Consultant Shares His Most Essential Advice After 20 Years in The Industry
Franchising is a significant commitment and one that a business owner should investigate thoroughly, starting with some self-examination, some business analysis, and the guidance of seasoned, professional franchising advisors.
I've Seen How Reckless Franchisors Can Ruin People's Lives. Here's How the Best Franchises Grow, Find the Right Franchisees, and Thrive Together
These are the four principles of what I call "Responsible Franchising." If you follow them, everyone wins — and can make a lot of money too.
The Top New and Emerging Franchises in 2024
If you're looking for a hot new brand to buy into, these are the ones to consider.
From Pups to Profits — These Are The Top Pet Franchises For 2024
From dog training to traditional grooming to swanky pet spas, explore the highest-ranking pet franchise opportunities and tap into the thriving pet industry.
These 5 Bad Habits Are Hurting Your Business — Here's How to Break Them
When you develop these negative habits, it can severely impact work performance and, because the behavior has become so routine, you may not even realize the harm you're causing. Here's how to tackle these 5 bad business habits head-on.
Franchising Is Not For Everyone. Explore These Lucrative Alternatives to Expand Your Business.
Not every business can be franchised, nor should it. While franchising can be the right growth vehicle for someone with an established brand and proven concept that's ripe for growth, there are other options available for business owners.