Krystal Restaurants Franchise
Friday, April 30, 2010 at 10:50AM Hamburgers
The Krystal Company is the oldest quick service restaurant chain in the South and the second oldest in the United States.
The Chattanooga-based company currently has more than 450 restaurants in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas and Virginia.
Founded in 1932, Krystal restaurants have become more than sparkling-clean eateries where friendly employees serve up fresh, delicious food. Krystal has become a cultural icon and an experience that virtually every man, woman and child in the South has shared. Nearly everyone in the region has a Krystal memory.
The Krystal brand—and the great food, service, value and setting which it represents—has taken a prominent place in the South's cultural landscape.
Start-up Costs & Franchises Fees
What is the total cost to open a Krystal Restaurants Franchises?
Total Cost: $900,000 USD -$1,300,000 USD
Total Franchise Fees: $32,500
Ongoing Royalty Fees: 4.5%
Ongoing Advertising Fees:
Term of Agreement: 20 years
Franchise Agreement Renewal Fee: $8.1K
Contact Information for Krystal Restaurants
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Krystal Restaurants |
Toll Free: (800)458-5912 |
Krystal Restaurants In the Press
No results at this time.Historical Expansion
In what year did Krystal Restaurants begin operations? 1932
When did Krystal Restaurants begin selling franchises? 1990
Year United States Canada International Corporate 2005 183 0 0 258 2004 182 0 0 247 2003 185 0 0 246 2002 175 0 0 246 2001 151 0 0 248
Future Expansion
United States: Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes 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; 94% 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