Famous Dave’s Franchise Cost, Profit, How to Apply, Requirement, Investment, Review, ROI | SkillsAndTech
Have you ever wanted to own your own business? Be your own boss? Are you looking for a franchise in USA? Then this franchise is right for you. To know about how you can get this franchise in the following paragraph. You can know about the cost and profit you can make through this franchise. You can even learn about the requirements that are needed for this franchise.
Table of Contents
Famous Dave’s Franchise Wiki
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Famous Dave’s is the longest running backyard BBQ party in America! Almost five decades ago, Famous Dave’s Founder, “Famous” Dave Anderson, began his 20 year journey to perfect his sauce recipes, rubs, and cooking methods before opening his first restaurant in 1994.
One year later, Famous Dave’s earned a blue ribbon in the “Best BBQ Sauce in America” contest at the American Royal International Barbeque Contest. Today, we’re a publicly traded company (NASDAQ:DAVE) with more than 150 units in across 32 states, Puerto Rico, Canada, and the UAE.
Famous Dave’s Franchise Benefits
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This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
Famous Dave’s Franchise Financial Assistance
The franchisor may offer financing programs to its franchisees. The options and terms could be affected by several factors, including the creditworthiness of the franchisee, accounting rules, and availability of funds.
Famous Dave’s Franchise Cost/ Investment / Price / Fee
| EXPENDITURE | LINE SERVICE | COUNTER SERVICE | FLEX SERVICE | FULL SERVICE | GHOST KITCHEN ADD-ON |
|---|---|---|---|---|---|
| Initial Fee | $45K | $45K | $45K | $45K | $10K |
| Leasehold Improvements | $200K–$500K | $300K–$700K | $475K–$1.3M | $475K–$1.6M | $0 – $300K |
| Land, Building & Construction | $600K–$1.5M | $1,575,000–$2,407,500 | $2,410,000–$2,900,000 | $2,410,000–$3,200,000 | $10K – $20K |
| Travel & Expenses During Travel | $10K–$20K | $15K–$30K | $25K–$40K | $25K–$40K | $10K – $20K |
| Expenses For Opening Team | $40K–$60K | $40K–$85.5K | $55K–$90K | $55K–$100K | $25K – $40K |
| Furniture, Fixtures, Decor & Equipment | $100K–$250K | $200K–$350K | $500K–$650K | $500K–$650K | $0 – $100K |
| Architect & Engineer Fees | $20K–$40K | $40K–$75K | $50K–$170K | $50K–$170K | $0 – $50K |
| Signs | $25K–$45K | $30K–$55K | $45K–$75K | $45K–$75K | $10K – $25K |
| Liquor License Costs | $500–$5K | $5K–$50K | $25K–$75K | $25K–$75K | $500 – $5K |
| Site Model Report Fee | $750 | $750 | $750 | $750 | $0 |
| Lease Payments – 3 Months | $10.5–$25K | $20K–$50K | $30K–$75K | $10.5K–$25K | $0 – $25K |
| Employee Salaries – 3 Months | $15K–$35K | $25K–$50K | $35K–$65K | $60K–$95K | $0 – $35K |
| Miscellaneous | $5K–$10K | $5K–$10K | $15K–$25K | $5K–$10K | $5K – $10K |
| Grand Opening | $5K–$15K | $5K–$15K | $15K–$25K | $15K–$25K | $5K – $10K |
| Additional Funds – 3 Months | $5K–$10K | $5K–$15K | $15K–$35K | $5K–$10K | $5K – $10K |
| TOTAL IF LEASED | $481,750–$1,060,750 | $735,750–$1,525,750 | $1,330,750–$2,670,750 | $1,316,250–$2,920,750 | $80,500 – $585,00 |
| TOTAL IF PURCHASED | $881,750–$2,060,750 | $1,965,795–$3,233,250 | $3,235,750–$4,195,750 | $3,240,250–$4,495,750 | $70,500 – $2,145,000 |
Famous Dave’s Franchise Requirements
Famous Dave’s Franchise Area Required
QSR MODEL
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1,500 – 3,500 SQ FT
INDOOR SEATING 50 – 100 PERSON CAPACITY
FLEX SERVICE
3,000 – 5,000 SQ FT
INDOOR SEATING 100 – 200 PERSON CAPACITY
FULL SERVICE
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5,000 SQ FT
INDOOR SEATING 200 – 260 PERSON CAPACITY
Famous Dave’s Franchise Profit
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.
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How to Apply For Famous Dave’s Franchise
To get the franchise first you have to fill the form. Then the company officials will contact you for further details. After that you you can open this franchise.
Contact details
Website
Conclusion
So far we have shared the basics for this franchise. It is the most profitable franchise. You will never doubt your decision to start this franchise. Go ahead and achieve your goal. If you find more information please feel free to share with us. Share your thoughts and we will definitely contact you with new franchise and opportunities. Stay Tuned for more franchise. Thank you
FAQ (Frequently Asked Question)
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Is Famous Dave’s Franchise profitable or not?
Ans: It is fast moving products, so there is fewer margins but your sale is too high. So, obviously you can make more profit from this business.
How much does it cost to open Famous Dave’s Franchise
The total Investment cost is $70,500 – $2,145,000
Is Famous Dave’s Franchise a Franchise?
Yes, a franchise.
What Is Franchise Fee & Why Is It Charged
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What is The Difference Between Franchisor vs. Franchisee
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What Is The Difference Between Franchise Vs. Sole Proprietorship
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Disclaimer: The information given in this article like investment may vary from place to place, so we are not sure about the investment part and other parts also.
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