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Entrepreneur: Start & Grow Your Business

Nathan's Famous Inc.

Hot dogs, hamburgers, seafood, chicken, cheesesteaks

Background

Founded: 1916 Franchising since: 1988
1400 Old Country Rd., #400
Westbury, New york 11590
Phone:
(516)338-8500


Franchisor has 35 employee(s); 18 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 226 0 15 5
2008 208 0 21 6
2007 178 0 15 6
2006 173 0 8 6
2005 363 0 17 5

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide

Exclusive territories available.

Costs and Fees

Total investment: $277.4K-1M
Franchise fee: $30K
Ongoing royalty fee: 5.5%
Term of agreement: 20 years, renewable
Express/kiosk option available

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

Qualifications
Net worth requirement: $500K
Cash liquidity requirement: $200K
Business Experience:
  • Industry experience
  • General business experience

Operations
  • 60% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 14
  • Absentee ownership of franchise is allowed. (65% of current franchisees are owner/operators)

Training and Support

Training
  • At franchisee's location: 5-10 days
  • At corporate training location : 3 weeks

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Field operations/evaluations

Marketing Support
  • Co-op advertising

Rankings