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Promoted Opportunities

Farmer Boys Restaurants
#131

Initial Investment

LOW: $1,063,500
HIGH: $1,613,500

Change in Units

+10.0% +8 UNITS (1 Year)
+23.9% +17 UNITS (3 Years)

Company Profile

Founded

1981

Franchising Since

1997 (20 Years)

Corporate Address

3452 University Ave. Riverside, CA 92501

CEO

Demetris Havadjias

Parent Company

Farmer Boys Food Inc.

About Farmer Boys Restaurants

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.

Financials

Financial Requirements

Initial Investment

$1,063,500 - $1,613,500

Net-worth Requirement

$750,000 - $1,000,000

Liquid Cash Requirement

$300,000 - $500,000

Ongoing Fees

Initial Franchise Fee

$45,000 - $45,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

3%

Financing Options

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

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units in the following regions/states:
See List

Operations & Franchisor Support

Training Onsite: 14 days

Training at headquarters: 60 days

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

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media

Absentee Ownership Allowed

Number of employees required to run: 30

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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: September 23rd, 2016

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