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Jason Rager is President of Franchise Analyzer.

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Saturday
Apr242010

Famous Dave's Franchise

Barbecue-themed restaurant

Thank you for your interest in Famous Dave's and the franchising opportunities we offer. Famous Dave's is a "specialty" casual dining restaurant franchise, creating environments that transcend current restaurant offerings by serving the highest quality, flavor-intense foods in surroundings that are stimulating, interesting and fun! Famous Dave's is more than a restaurant – it's an escape from the ordinary.

Few restaurants in history have achieved as much recognition in a few short years as Famous Dave's!

Dave's road to fame began with a strong hankerin' for fine barbecue and a stronger desire to make the finest slow-smoked barbecue folks had ever tasted. He visited rib shacks, roadside joints, every hole-in-the-wall or fancy pants supper club he could, all in search of the most succulent meats, savory seasonings and lipsmackin' sauces around.

After 25 years of tastin' and cookin', Dave's barbecue just plain knocked the socks off his family and friends. That's when Dave decided he had to share. He wanted to give all the folks a chance to dig into the best barbecue ever. And in a place as down-home fun and frolicsome as the shacks and clubs he went a callin' on all those years.

Start-up Costs & Franchises Fees

What is the total cost to open a Famous Dave's Franchises?

Total Cost: $972,700-$4,000 USD ,000 USD
Total Franchise Fees: $40,000 USD
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees:
Term of Agreement: 20 years
Franchise Agreement Renewal Fee: 50% of then-current fee

Contact Information for Famous Dave's

Famous Dave's
8091 Wallace Rd.
Eden Prairie, MN
55344-2224

Phone Number: (952)294-1300
Fax Number: (952)294-0242

Franchise Homepage:

Famous Dave's In the Press

No results at this time.

Historical Expansion

In what year did Famous Dave's begin operations? 1995
When did Famous Dave's begin selling franchises? 1998

Year United States Canada International Corporate
2005 71 0 0 38
2004 58 0 0 38
2003 43 0 0 43
2002 27 0 0 37
2001 19 0 0 37

Future Expansion

United States: Alabama, Arkansas, California, Connecticut, Louisiana, Massachusetts, Maine, Mississippi, North Carolina, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Washington,

Franchise Financing Information

Cost In House Financing Available? 3rd Party Financing Available?
Franchise Fee No No
Initial Start-up Capital No No
Plant, Property, and Equipment No Yes
Inventory No No
Accounts Receivable No No
Payroll No No

Training & Support

Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, Regional advertising support

Franchise Operation Restrictions

Franchise business owners required to buy multiple units/master licenses; 84% of all franchise business owners own more than one franchise location.

Number of employees needed to run franchised unit: 65

Absentee ownership of this franchise business is not available to new franchisees. (97% of current franchise business owners are owner/operators)

Qualifications & Business Experience

Business Experience:
  • Prefer Ownership/management experience in full service, casual dining restaurants, in or near the desired territories.
  • Multi unit experience is a big plus.
  • Single units will be considered depending on market conditions, demographics and other criteria.
  • If Area Development Agreement is chosen, minimum of three units required to be developed.
  • Minimum LIQUID net worth of $750,000 USD .
  • Minimum per unit development costs could range from approx $900,000 USD to $4,000 USD ,000 USD .
  • Proven commitment to customer service and quality food.
  • Franchise Analyzer Professional's Inside Information

    Can you buy this franchise for no money down? Yes
    What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
    Can you negotiate lower royalties during start-up? Yes
    Can you purchase multiple franchises for a discounted franchise fee? Yes
    Can you receive lower advertising fees? Yes
    Will I know when the franchise break even? Yes
    Will my personal assets including my home be safe in case my franchise business fails? Yes
    Please note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.