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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$482K - $4.5M
Units as of 2020
125

Company Overview

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.

About Famous Dave's

Industry
Food
Founded
1995
Parent Company
BBQ Holdings Inc.
Leadership
Al Hank, SVP, Operations

Franchising Overview

Franchising Since
1998 (24 years)
# of employees at HQ
60
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
125 (as of 2020)

Franchisor Information

Corporate Address
12701 Whitewater Dr., #190
Minnetonka, MN 55343

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Famous Dave's franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$45,000
Initial Investment
$481,750 - $4,495,750
Net Worth Requirement
$1,000,000 - $1,500,000
Cash Requirement
$500,000 - $750,000
Royalty Fee
5%
Ad Royalty Fee
1%
Term of Agreement
10 years
Is franchise term renewable?
Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

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

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
280 hours
Classroom Training
75 hours
Additional Training
Executive/management training at headquarters
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
65
Are exclusive territories available?
No
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Franchise 500 Ranking History

Compare where Famous Dave's landed on this year’s Franchise 500 Ranking versus previous years.

Stock History for Famous Dave's

Ticker Symbol for Famous Dave's: BBQ

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021