Famous Sam's Inc.
At a Glance
Products & Services: Sports bar/restaurant
Number of Locations:
Total Investment: $586K - 1.2M
Founded: 1979
Began Franchising: 1989
About Famous Sam's Inc.
In Tucson, Arizona, in 1963, Sam Schantz opened a small neighborhood bar called "Sam's Tavern." Serving overstuffed pastrami and ham sandwiches, Sam's Tavern kept customers entertained with pool tables, pinball machines and television. In February 1987, Sam's Tavern incorporated as Famous Sam's Corp., and franchising began the next year. In 1997, Famous Sam's Inc. was incorporated as a wholly owned subsidiary, and company headquarters moved to Phoenix. Famous Sam's Restaurant/Sports Bars offers reasonably priced casual dining with "Overstuffed/Oversized" sandwiches and a full bar. Restaurants feature televisions tuned to sporting events and the "National Trivia Network," inviting guests to play trivia games. Game areas include pool tables, darts and video games.Startup Costs, Ongoing Fees and Financing
Total Investment: $586,000 - $1,200,000
Franchise Fee: $30,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 20 years, renewable
Franchise Fee: $30,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 20 years, renewable
Financial Requirements
Net Worth: $750,000
Liquid Cash Available: $200,000 - $250,000
Operations
46% of all franchisees own more than one unit. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).How This Franchise Supports Franchisees
Training: Available at headquarters: 2 weeks. At franchisee's location: Varies.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Field operations/evaluations,
Marketing Support: Co-op advertising,
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