Farmer Boys
At a Glance
Products & Services: Hamburgers
Number of Locations: 65
Total Investment: $515.38K - 795.51K
Founded: 1981
Began Franchising: 1997
Private Owned
About Farmer Boys
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.
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2009 | 48 | 0 | 0 | 17 |
| 2008 | 47 | 0 | 0 | 14 |
Startup Costs, Ongoing Fees and Financing
Total Investment: $515,375 - $795,505
Franchise Fee: $45,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 20 years, renewable
Franchise Fee: $45,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 20 years, renewable
Financial Requirements
Net Worth: $750,000
Liquid Cash Available: $350,000
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).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 13 weeks. At franchisee's location: 4 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,