Farmer Boys Franchise
Friday, April 30, 2010 at 06:16AM Drive-thru and dine-in restaurant offering hamburgers, sandwiches, salads and breakfast items
During the 1970s, brothers Makis and Chris Havadjias worked in restaurants to earn money for college. They helped the owners of one of those restaurants rebuild the establishment, and later bought it. With the experience they gained at that first restaurant, the brothers bought a poorly performing restaurant in Perris, California, that they built into Farmer Boys.
With the help of their three other brothers, the Havadjias expanded Farmer Boys throughout Riverside and San Bernardino counties in Southern California. Each location serves hamburgers, sandwiches, salads and a full breakfast menu. The company began franchising in 1998.
Start-up Costs & Franchises Fees
What is the total cost to open a Farmer Boys Franchises?
Total Cost: $1,200,000 USD -$2,200,000 USD
Total Franchise Fees: $40,000 USD
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees:
Term of Agreement: 20 years
Contact Information for Farmer Boys
|
Farmer Boys |
Phone Number: (909)275-9900 |
Farmer Boys In the Press
No results at this time.Historical Expansion
In what year did Farmer Boys begin operations? 1981
When did Farmer Boys begin selling franchises? 1997
Year United States Canada International Corporate 2005 40 0 0 11 2004 38 0 0 11 2003 17 0 0 11 2002 12 0 0 10 2001 11 0 0 10
Future Expansion
United States: Arizona, California, Nevada,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No Yes Payroll No Yes 3rd Party Financing Available? Financing Source(s): the SBA
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
20% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 30
Absentee ownership of this franchise business is not available to new franchisees. (100% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
Industry experience General business experience
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