Joey's Only Seafood Restaurant Franchise
Wednesday, May 12, 2010 at 11:56AM Seafood restaurant
Joe Klassen started "Joey's Only" in the summer of 1985 in Calgary, Alberta. With Jill Argue, Theresa Klassen and David Mossey, he started franchising the same year. Joey's Only has locations in the United States and Canada.
On Tuesdays Joey's Only restaurants feature all-you-can-eat fish and chips, as well as all-you-can-eat fries and free soft drink refills every day. They have an open kitchen so customers can watch their meals being prepared. In 1999 the company began offering its Tennessee Jack's menu of rotisserie chicken and ribs and side dishes.
Joey's Only has tremendous Operational Support. Regional managers regularly inspect each location and speak regularly with franchise business owners to assist with the operation of their restaurants. Ongoing training, regular regional meetings, supplier seminars, research and development, and various marketing efforts all contribute to the sustained quality of Joey's Only / Tennessee Jack's franchises. Moreover, Joey's Only franchising stays up to date with market trends (marketing, technology, cooking, staffing, serving procedures, etc.) and passing this information along to its franchise business owners.
Start-up Costs & Franchises Fees
What is the total cost to open a Joey's Only Seafood Restaurant Franchises?
Total Cost: $337,000 USD -$437,000 USD
Total Franchise Fees: $25,000 USD
Ongoing Royalty Fees: 4.5%
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: $5K
Contact Information for Joey's Only Seafood Restaurant
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Joey's Only Seafood Restaurant |
Phone Number: (403)243-4584 |
Joey's Only Seafood Restaurant In the Press
No results at this time.Historical Expansion
In what year did Joey's Only Seafood Restaurant begin operations? 1985
When did Joey's Only Seafood Restaurant begin selling franchises? 1985
Year United States Canada International Corporate 2004 12 91 0 0 2003 11 88 0 0 2002 8 73 0 2 2001 8 74 0 1 2000 9 71 0 1
Future Expansion
United States: Nationwide
Countries of Interest: Worldwide
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 Yes No Inventory No Yes Accounts Receivable No Yes Payroll No Yes
Training & Support
Training
* 5 week training program at our Corporate restaurant in Calgary, Alberta.
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, National media, Regional advertising support
Franchise Operation Restrictions
35% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 15
Absentee ownership of franchise is allowed. (99% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:Preferred 5-7 years in business management experience, including P&L and employee supervision responsibilities. Foodservice experience is a plus, however not a prerequisite. Results based with strong analytical, problem solving and leadership skills. Preferred experience with Word, Excel, and basic PC operations. Hands-on ownership is preferred; however, day-to-day unit management is not a requirement although it is desirable that the day to day manager hold a 20% or greater interest in the franchise. Individual or multi-owner groups accepted. Multi-unit ownership preferred, however not a requirement.
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