BEST 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).
• 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
• 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 a QSR model, Flex Service, and Full Service models. We will work with Franchise Owners based on their investment level to establish the best model for their market.
1,500 – 3,500 SQ FT
INDOOR SEATING 50 – 100 PERSON CAPACITY
3,000 – 5,000 SQ FT
INDOOR SEATING 100 – 200 PERSON CAPACITY
5,000 SQ FT
INDOOR SEATING 200 – 260 PERSON CAPACITY
|EXPENDITURE||LINE SERVICE||COUNTER SERVICE||FLEX SERVICE||FULL SERVICE||GHOST KITCHEN ADD-ON|
|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|
Our financial requirements are based on the availability of $300K in liquid capital, a net worth of $650K and a credit score of 700 or higher. The franchise fee for one unit is $45,000.
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.