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2021 Franchise 500 Rank
N/R Ranked #286 last year
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Initial investment
$276K - $1M
Units as of 2020
189 37% over 3 years

Company Overview

Polish immigrant Nathan Handwerker took his wife Ida's recipe for hot dogs and started selling them from a stand in Coney Island in 1916. The Nathan's Famous hot dog eating contest that started that same year continues to be held every July 4th to this day. Al Capone, Jimmy Durante and Cary Grant were regular customers, and FDR had Nathan's Famous hot dogs served to the king and queen of England in 1939. Nathan's Famous became a public company in 1970, and began franchising in 1988. In addition to hot dogs, the menu offers hamburgers, chicken, cheesesteaks and fries.

About Nathan's Famous

Industry
Food
Founded
1916
Leadership
Eric Gatoff, CEO
Ticker Symbol
NATH

Franchising Overview

Franchising Since
1988 (33 years)
# of employees at HQ
45
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
189 (as of 2020)

Franchisor Information

Corporate Address
1 Jericho Plaza, #203
Jericho, NY 11753

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Nathan's Famous 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
$30,000
Initial Investment
$276,360 - $1,040,360
Net Worth Requirement
$1,000,000
Cash Requirement
$500,000
Royalty Fee
5.5%
Ad Royalty Fee
2%
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
Nathan's Famous 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
39-67 hours
Classroom Training
48-51 hours
Additional Training
At corporate training location
Ongoing Support
Newsletter
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
National Media
Regional Advertising
Social Media
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
14
Are exclusive territories available?
Yes

Franchise 500 Ranking History

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

Additional Rankings

Curious to know where Nathan's Famous ranked on other franchise lists? Find out below.

Ranked #131

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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