#440
At a Glance
Products & Services: Family restaurant
Number of Locations: 133
Total Investment: $1.15M - 3.1M
Founded: 1936
Began Franchising: 1952
Private Owned
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2011 | 113 | 0 | 0 | 20 |
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Startup Costs, Ongoing Fees and Financing
Total Investment: $1,147,050 - $3,096,250
Franchise Fee: $40,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 20 years
Franchise Fee: $40,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 20 years
Financial Requirements
Net Worth: $750,000
Liquid Cash Available: $450,000
Operations
20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 60. Absentee ownership of franchise is allowed. (90% 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: up to 11 weeks. At franchisee's location: up to 11 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,
Franchise Ranking History
Franchise 500®: #440 (2012),