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2021 Franchise 500 Rank
#128 Not ranked last year
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Initial investment
$1M - $2.5M
Units as of 2020
96 7.9% over 3 years

Company Overview

During the 1970s, brothers Makis and Chris Havadjias worked in restaurants to earn money for college. They helped the owners of one of those restaurants rebuild the establishment, and later bought it. With the experience they gained at that first restaurant, the brothers bought a poorly performing restaurant in Perris, California, that they built into Farmer Boys.

With the help of their three other brothers, the Havadjias expanded Farmer Boys throughout Riverside and San Bernardino counties in Southern California. Each location serves hamburgers, sandwiches, salads and a full breakfast menu. The company began franchising in 1998.

About Farmer Boys

Industry
Food
Related Categories
Hamburgers
Founded
1981
Parent Company
Farmer Boys Food Inc.
Leadership
David Wetzel, President & COO

Franchising Overview

Franchising Since
1997 (24 years)
# of employees at HQ
50
Where seeking

This company is seeking new franchisees in the following US states: Arizona, California, Nevada

# of Units
96 (as of 2020)

Franchisor Information

Corporate Address
3452 University Ave.
Riverside, CA 92501

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Farmer Boys 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
$1,042,500 - $2,486,500
Net Worth Requirement
$800,000 - $1,000,000
Cash Requirement
$300,000 - $500,000
Royalty Fee
5%
Ad Royalty Fee
3%
Term of Agreement
20 years
Is franchise term renewable?
Yes

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
Farmer Boys has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

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
473 hours
Classroom Training
67 hours
Ongoing Support
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
Ad Templates
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
30
Are exclusive territories available?
No

Franchise 500 Ranking History

Compare where Farmer Boys landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Farmer Boys ranked on other franchise lists? Find out below.

Ranked #128

Franchise 500 Ranking

Ranked #3 in Hamburgers

Top Food Franchises

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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