FRANCHISE INVESTMENT
COSTS & FEES
With our affordable QSR model, you can open more Famous Dave’s restaurants, faster.
OUR FAMOUS DAVE’S RESTAURANTS
We thrive in a minimum residential population of 75,000 in 3-mile radius (80,000 in 10-minute drive time) and minimum daytime population of 35,000 in 3-mile radius (55,000 in 10-minute drive time).
TRAFFIC
• Minimum daily traffic count on primary road – 30,000
• Minimum daily traffic count on adjacent side street – 20,000
• “Going home” traffic side with easy access to signal
TRAFFIC GENERATORS
• Regional retail corridor with regional mall, lifestyle center, and/or multiple retail centers
• Strong anchor mix: Target, Kohl’s, Costco, Home Depot, Lowe’s, etc.
• Presence of national casual dining brands in retail corridor
• Movie Theater (multi-screen with first-run movies)
• University or College campus within 5 miles
• Hospital or healthcare corridor within 5 miles
• Office/business park within 5-miles
Benefits of the Full Service & Fast-Casual Industries
We provide Full Service and Quick ‘Que models. We will work with Franchise Owners based on their investment level to establish the best model for their market.
FULL SERVICE
5,000 SQ FT
INDOOR SEATING 200 – 210 PERSON CAPACITY
Quick ‘Que
2,000 – 2,400 SQ FT
INDOOR SEATING 40 – 60 PERSON CAPACITY
INVESTMENT BREAKDOWN
*See FDD for full details
| EXPENDITURE | COUNTER SERVICE | FULL SERVICE | GHOST KITCHEN ADD-ON |
|---|---|---|---|
| Initial Fee | $35K | $35K | $10K |
| Leasehold Improvements | $300K–$700K | $475K–$1.6M | $0 - $300K |
| Land, Building & Construction | $1,575,000–$2,407,500 | $2,410,000–$3,200,000 | $0 - $1,500,000 |
| Travel & Expenses During Travel | $15K–$30K | $25K–$40K | $10K - $20K |
| Expenses For Opening Team | $40K–$85.5K | $55K–$100K | $25K - $40K |
| Furniture, Fixtures, Decor & Equipment | $200K–$350K | $500K–$650K | $0 - $100K |
| Architect & Engineer Fees | $40K–$75K | $50K–$170K | $0 - $50K |
| Signs | $30K–$55K | $45K–$75K | $10K - $25K |
| Liquor License Costs | $5K–$50K | $25K–$75K | $500 - $5K |
| Site Model Report Fee | $750 | $750 | $0 |
| Lease Payments - 3 Months | $20K–$45K | $10.5K–$25K | $0 - $25K |
| Employee Salaries - 3 Months | $25K–$50K | $60K–$95K | $0 - $35K |
| Miscellaneous | $5K-$10K | $5K–$10K | $5K - $10K |
| Grand Opening | $5K–$15K | $15K–$25K | $5K - $15K |
| Additional Funds - 3 Months | $5K–$15K | $5K–$10K | $5K - $10K |
| TOTAL IF LEASED | $718,750-$1,515,750 | $1,299,250-$2,910,750 | $68,500-$645,000 |
| TOTAL IF PURCHASED | $1,993,750-$3,223,250 | $3,234,250-$4,510,750 | $68,500-$1,845,000 |
FINANCIAL REQUIREMENTS
Our financial requirements are based on the availability of $200K in liquid capital, a net worth of $500K and a credit score of 700 or higher. The franchise fee for one unit is $35,000.
Those candidates with experience in multi-unit franchising or with a high degree restaurant background may be eligible for a multi-unit agreement with Famous Dave’s, which affords new Franchise Owners with a lower franchise fee for each unit awarded.
INVESTMENT
FULL SERVICE $1,299,250 – $2,910,750
COUNTER SERVICE $718,750 – $1,515,750
GHOST KITCHEN ADD-ON $68,500 – $645,000
FRANCHISE FEE $35K
GHOST/CLOUD KITCHEN ADD-ON FRANCHISE FEE $10K
REQUIRED LIQUID $200K
REQUIRED NET $500K
ROYALTY 5%
MARKETING FUND 1%
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