Famous Sam's Franchise
Wednesday, April 28, 2010 at 01:14AM 'Eatertainment' restaurant and sports bar
In Tucson, Arizona, in 1963, Sam Schantz opened a small neighborhood bar called 'Sam's Tavern.' Serving overstuffed pastrami and ham sandwiches, Sam's Tavern kept customers entertained with pool tables, pinball machines and television. In February 1987, Sam's Tavern incorporated as Famous Sam's Corp., and franchising began the next year. In 1997, Famous Sam's Inc. was incorporated as a wholly owned subsidiary, and company headquarters moved to Phoenix. Famous Sam's Restaurant/Sports Bars offers reasonably priced casual dining with 'Overstuffed/Oversized' sandwiches and a full bar. Restaurants feature televisions tuned to sporting events and the 'National Trivia Network,' inviting guests to play trivia games. Game areas include pool tables, darts and video games.
Start-up Costs & Franchises Fees
What is the total cost to open a Famous Sam's Franchises?
Total Cost: $586,000 USD -$1,200,000 USD
Total Franchise Fees: $30,000 USD
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees:
Term of Agreement: 20 years
Contact Information for Famous Sam's
|
Famous Sam's Inc. |
Phone Number: (480)756-9800 |
Famous Sam's In the Press
No results at this time.Historical Expansion
In what year did Famous Sam's begin operations? 1979
When did Famous Sam's begin selling franchises? 1989
Year United States Canada International Corporate 2004 29 0 0 0 2003 30 0 0 0 2002 31 0 0 0 2001 30 0 0 0 2000 34 0 0 0
Future Expansion
United States: Arizona, Colorado, Nevada,
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 No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Field support and site evaluation
Marketing
Cooperative advertising
Franchise Operation Restrictions
46% of all franchise business owners own more than one franchise location.
100% of current franchise business owners are owner/operators
Qualifications & Business Experience
Business Experience:
General business experience Industry experience preferred, not required; strong management background
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease 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.
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