Nathan's Famous Franchise
Saturday, April 24, 2010 at 12:04PM Hot dogs, hamburgers, seafood, chicken
Nathan's began as a nickel hot dog stand in Coney Island in 1916 and has become a much-loved "New York institution" now available throughout the United States and overseas.
Through our innovative points-of-distribution strategies, Nathan's products are marketed within our restaurant system and throughout a broad spectrum of other food-service and retail environments. Our Branded Product Program provides for the sale of Nathan's signature products to food-service locations nationwide. Nathan's products are also featured in supermarkets and club stores throughout the United States and are being marketed on television by QVC. In total, Nathan's products are marketed for sale in over 17,000 USD locations.
Successful market penetration of our highly recognized valued brand and products, through a wide variety of distribution channels, continues to provide new and exciting growth opportunities for our Company.
Opportunities exist for Franchising within our restaurant system and licensing Nathan's branded products through our Food Service programs. We seek strong
partners to help us achieve our ultimate goal of remaining the leader in our segment, while maintaining the standard that everyone in our industry aspires to achieve.
International
Opportunities exist for Area Development and International Master Franchise Rights. We seek strong partners to help us achieve our ultimate goal of remaining the leader in our segment, while maintaining the standard that everyone in our industry aspires to achieve.
We would like you to consider opening a Nathan's. We believe that Nathan's is an exceptional brand capable of providing substantial sales and profits.
For more information contact Nathan's Franchising division at fl@nathansfamous.com
Start-up Costs & Franchises Fees
What is the total cost to open a Nathan's Famous Franchises?
Total Cost: $250,000 USD -$450,000 USD
Total Franchise Fees: $30,000 USD
Ongoing Royalty Fees: 5.5%
Ongoing Advertising Fees: 2%
Term of Agreement: 20 years
Franchise Agreement Renewal Fee: 50% of franchise fee
Contact Information for Nathan's Famous
|
Nathan's Famous Inc. |
Phone Number: (516)338-8500 |
Nathan's Famous In the Press
No results at this time.Historical Expansion
In what year did Nathan's Famous begin operations? 1916
When did Nathan's Famous begin selling franchises? 1988
Year United States Canada International Corporate 2005 363 0 17 5 2004 363 0 17 5 2003 158 0 7 10 2002 0 0 0 0 2001 0 0 0 0
Future Expansion
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee Yes No Initial Start-up Capital No No Plant, Property, and Equipment Yes No Inventory Yes No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Field support and site evaluation
Marketing
Cooperative advertising
Franchise Operation Restrictions
60% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 14
Absentee ownership of franchise is allowed. (65% 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