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Hwy 55 Burgers, Shakes & Fries

2015 Franchise 500
#480
At a Glance

Products & Services: '50s-style diner

Number of Locations: 111

Total Investment: $173.8K - $324.6K

Founded: 1991

Began Franchising: 1993

Franchise Units

Year U.S. Canadian International Company Owned
2014 100 1 1 9
2013 76 0 0 32
2012 54 0 0 48
2011 54 0 0 48
2010 59 0 0 48
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Africa, Asia, Australia/New Zealand, Canada, Central America, Eastern Europe, Mexico, Philippines, South America, Western Europe.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $173,839 - $324,589
Franchise Fee: $25,000
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 10% off franchise fee
Financial Requirements
Net Worth: $500,000
Liquid Cash Available: $125,000
Operations
40% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 20 - 50. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks. At franchisee's location: 2 weeks.
Ongoing Support: Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Ad slicks, National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #480 (2015),