Nathan's Famous Inc.
Hot dogs, hamburgers, seafood, chicken, cheesesteaks

About
Founded

1916

Franchising Since

1988 (30 Years)

Corporate Address

1 Jericho Plaza, #203
Jericho, NY 11753

CEO

Eric Gatoff

Ticker Symbol

nath

Financial Requirements
Initial Investment

$276,360 - $1,071,360

Net-worth Requirement

$500,000

Liquid Cash Requirement

$200,000

Ongoing Fees
Initial Franchise Fee

$30,000 - $30,000

Ongoing Royalty Fee

5.5%

Ad Royalty Fee

2%

Financing Options

Nathan's Famous Inc. has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Support Options
Ongoing Support

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Field Operations

Marketing Support

Co-op Advertising

On-The-Job Training:

5-10 days

Additional Training:

At corporate training location

Absentee Ownership Allowed
Number of Employees Required to Run:

14

Bio
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.
Cost
Initial Investment: Low - $276,360 High - $1,071,360
Units

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new units internationally.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

How to Spot the Right Brand for Franchising in Asia Pacific?

Each market within the region is different, so should be your strategy, says Joel Silverstein, President of East West Hospitality Group

Planning To Invest In The Nursery Franchise Business?

Nursery franchise business could enrich you with daily rewards, flexibility, and community involvement

Five Things to Keep in Mind Before Buying a Franchise

Product quality should be one of the focus areas, says Paul Davies, director of BMF Limited

The Never Changing Principles of Franchising

Since the birth of the franchising model, there have been certain never changing constants, the Principles of Franchising

Here Is The A to Z Of Franchising Business You Need To Know

Want to venture into franchising business? First, familiarize yourself with A to Z of Franchising

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 19th, 2016
My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.