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Promoted Opportunities

Initial Investment

LOW: $636,750
HIGH: $4,239,750

Change in Units

Company Profile

Founded

1995

Franchising Since

1998 (19 Years)

Corporate Address

12701 Whitewater Dr., #200 Minnetonka, MN 55343

CEO

Christopher O'Donnell

Ticker Symbol

About Famous Dave's

After 25 years spent sampling barbecue across the country and developing his own sauce recipes and smoking techniques, Dave Anderson opened the first Famous Dave's BBQ Shack in Hayward, Wisconsin, in 1994. His Rich & Sassy sauce won first place in 1995 at the American Royal Barbecue Sauce Contest in Kansas City, Missouri. More awards, and more restaurants, followed, and franchising began in 1998.

Financials

Financial Requirements

Initial Investment

$636,750 - $4,239,750

Liquid Cash Requirement

$500,000 - $1,000,000

Ongoing Fees

Initial Franchise Fee

$30,000 - $40,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

1%

Financing Options

Famous Dave's has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new units internationally.

Operations & Franchisor Support

Training at headquarters: 35 days min.

Additional Training: Executive/management training at headquarters

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media

Number of employees required to run: 65

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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: April 2nd, 2013

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