#493

Initial Investment

LOW: $276,360
HIGH: $1,071,360

Change in Units

-6.0% -18 UNITS (1 Year)
-5.6% -17 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1916

Franchising Since

1988 (28 Years)

Corporate Address

1 Jericho Plaza, #203 Jericho, NY 11753

CEO

Eric Gatoff

Ticker Symbol

About Nathan's Famous Inc.

Polish immigrant Nathan Handwerker took his wife Ida's recipe for hot dogs and started selling them from a stand in Coney Island in 1916. The Nathan's Famous hot dog eating contest that started that same year continues to be held every July 4th to this day. Al Capone, Jimmy Durante and Cary Grant were regular customers, and FDR had Nathan's Famous hot dogs served to the king and queen of England in 1939. Nathan's Famous became a public company in 1970, and began franchising in 1988. In addition to hot dogs, the menu offers hamburgers, chicken, cheesesteaks and fries.

Financials

Financial Requirements

Initial Investment

$276,360 - $1,071,360

Net-worth Requirement

$500,000

Liquid Cash Requirement

$200,000

Ongoing Fees

Initial Franchise Fee

$30,000

Ongoing Royalty Fee

5.5%

Ad Royalty Fee

2%

Financing Options

Nathan's Famous Inc. has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Franchise 500® Rank History

Highest Rank: 128

Lowest Rank: 493

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units in the following regions/states:
See List

Operations & Franchisor Support

Training Onsite: 5-10 days

Additional Training: At corporate training location

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Field Operations

Marketing Support
Co-op Advertising

Absentee Ownership Allowed

Number of employees required to run: 14

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: September 28th, 2015

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