Farmer Boys

Hamburgers

Background

Founded: 1981 Franchising since: 1997
During the 1970s, brothers Makis and Chris Havadjias worked in restaurants to earn money for college. They helped the owners of one of those restaurants rebuild the establishment, and later bought it. With the experience they gained at that first restaurant, the brothers bought a poorly performing restaurant in Perris, California, that they built into Farmer Boys.

With the help of their three other brothers, the Havadjias expanded Farmer Boys throughout Riverside and San Bernardino counties in Southern California. Each location serves hamburgers, sandwiches, salads and a full breakfast menu. The company began franchising in 1998.

3452 University Ave.
Riverside, California 92501

Phone:
(888)930-3276/ (951)275-9900

Franchisor is a privately-held company with 22 employee(s); 2 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	48	0	0	17
2008	47	0	0	14
2007	45	0	0	14
2006	40	0	0	15
2005	37	0	0	12

Where Seeking Franchisees
Not available in the U.S.

Exclusive territories available.
Territory size: 1-mile radius

Costs and Fees

Total investment: $515.5K-795.5K
Franchise fee: $45K

Ongoing royalty fee: 5%
Term of agreement: 20 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	Yes
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Net worth requirement: $750K
Cash liquidity requirement: $350K
Business Experience:

Industry experience
General business experience

Operations

20% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 30
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)