| Trade name | Raising Cane's Chicken Fingers |
|---|---|
| Founded | August 28, 1996 |
| Founder | Todd Graves |
| Headquarters | Baton Rouge, Louisiana , U.S. |
| Number of locations | 600 (2022) |
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How many Raising Canes are franchised?
Recently, Raising Cane's was placed No. 69 among domestic brands by Datassential's Firefly 500-plus statistics....Raising Cane's Franchise Facts.Total Units:560Franchising Since:1996Industry:Fast-food restaurant chainSubsector:Restaurants1 more row•May 6, 2022
Does Raising Canes have franchises?
A. Currently, we are focused on the rapid development of company-affiliated restaurants in a very specific geography, while continuing to support our existing franchise business partners. Unfortunately, we are not entertaining franchise or development opportunities anywhere at this time.
How much does it cost to open a Raising Cane's franchise?
How much does Raising Cane's franchise cost? Raising Cane's has the franchise fee of up to $45,000, with total initial investment range of $768,100 to $1,937,500.
How much money does Raising Cane's franchise make a year?
2021 Raising Cane's Average Unit Volume: $4,192,239 Based on the median sales provided by Raising Cane's franchise locations, at an average of a 15% profit margin it will take around 5 years to recoup your investment.
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
Who owns the Raising Cane's franchise?
Entrepreneur and philanthropist Todd Graves knows just how hard it is to start a restaurant. As founder and CEO of Raising Cane's Chicken Fingers, Todd has grown his business from a single restaurant in his hometown to more than 550 locations across the U.S. and beyond.
How much does franchise owner make?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
What is the cost of a Starbucks franchise?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
What does a Chipotle franchise cost?
Estimated Chipotle Franchise CostType of ExpenditureEstimated AmountLowHighChipotle Franchise Fee (if they franchised)$20,000$25,000Real Estate Purchase or Lease(may vary substantially based upon the location)Site Preparation and Completion Costs$150,000$400,00011 more rows•Jul 19, 2022
How Successful Is Raising Cane's?
In 2019, they were about $1.18 billion with about 400 units. Raising Cane's just surpassed $1.5 billion in annual sales, tripling in size in just four years. The company is about to open its 500th restaurant. Even more impressive, average unit volumes are approaching $3.6 million.
Why is raising canes so successful?
They're not fried in advance and left to sit for hours in the kitchen. This is why they don't have that greasy taste that other fast-food chains' chicken tenders have. It has a freshly fried taste that is hard to find elsewhere which also explains why it was hailed supreme by many.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
What Is Raising Cane's net worth?
And if you're wondering where the name, Raising Cane's comes from, it actually honors Graves' yellow Labrador, Raising Cane I (1992–1998). Given the success Graves has had with his restaurant chain, he has managed to grow his net worth to a reported $150 million.
How much does it cost to open a McDonald's franchise?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
What does a Chipotle franchise cost?
Estimated Chipotle Franchise CostType of ExpenditureEstimated AmountLowHighChipotle Franchise Fee (if they franchised)$20,000$25,000Real Estate Purchase or Lease(may vary substantially based upon the location)Site Preparation and Completion Costs$150,000$400,00011 more rows•Jul 19, 2022
Is Whataburger a franchise?
Whataburger operates franchises in Texas, Arizona, New Mexico, Oklahoma, Louisiana, Arkansas, Mississippi, Alabama, Florida and Georgia. The original Whataburger restaurant is in Corpus Christi, Texas, where it was originally headquartered, but has since moved operations to San Antonio, Texas.
How much does a Raising Cane's franchise make?
Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
Is raising canes franchising?
Based on our most recent research, Raising Cane's is not franchising in the US at this time.
Who was the founder of raising canes?
At the time, Graves worked at Guthrie's Chicken Fingers while at UGA, which became the inspiration for the Raising Cane's business. While employed at Guthrie's, Graves's boss was Roddy Smith. Smith would eventually become the 1st Director of Operations at Raising Cane's. The Guthrie's location where Graves worked (located in Athens, Georgia) went out of business, and a few years later it was renovated and reopened as a Raising Cane's location. The business plan was rejected numerous times by potential investors, so Graves earned the needed money working as a boilermaker in a Los Angeles refinery and fishing for sockeye salmon in Alaska. He and Silvey obtained a SBA loan which they used to open the first restaurant in Baton Rouge; at the intersection of Highland Road and State Street near the LSU campus.
Where is raising canes chicken fingers?
Raising Cane's Chicken Fingers (also called Raising Cane's) is a fast-food restaurant chain specializing in chicken fingers founded in Baton Rouge, Louisiana by Todd Graves and Craig Silvey on August 26, 1996.
How much money do you need to open a raising canes?
In order to open a Raising Cane's franchise, you must have a net worth of more than $768,000. Appreciate the investment required for a restaurant franchise. Evaluate your prior experience and strengths. You should thoroughly evaluate your prior business experience before applying to become a Raising Cane's franchise owner.
Where are raising canes chicken fingers?
Raising Cane's Chicken Fingers is a fast-food restaurant chain specializing in chicken fingers, that was founded in Baton Rouge, Louisiana in 1996. The company has 432 restaurants & 27 states in the United States, plus an additional 21 restaurants in the Middle East. The chain first began expanding internationally in 2015, ...
How many Raising Cane's locations are there in the United States in 2021?
There are 559 Raising Cane's locations in the United States as of October 24, 2021. The state with the most number of Raising Cane's locations in the US is Texas, with 177 locations, which is 31% of all Raising Cane's locations in America.
Which states do not have raising canes?
These States and Territories do not have any Raising Cane's locations - North Dakota, Northern Mariana Islands, Montana, Washington, Vermont, U.S. Virgin Islands, American Samoa, Connecticut, District of Columbia, West Virginia, South Dakota, Delaware, Rhode Island, Puerto Rico, Pennsylvania, Wyoming, Florida, Idaho, New York, Maryland, Maine, New Jersey, New Hampshire and Michigan.
When did raising canes open?
After opening the initial location, Raising Cane’s continued to open locations in the Baton Rouge area. In 2001, they opened their first location outside of Baton Rouge, in Lafayette, LA. From there, they have continued to open locations around the United States, and even some international locations.
How much does it cost to open a raising canes?
To open a new Raising Cane’s, it is estimated that you will need between $768,000 and $1,938,000 in startup costs.
How Are Their Established Franchises Doing?
Simply purchasing a franchise does not guarantee that it will be a successful business.
What are the benefits of buying a franchise?
One of the perks of buying a franchise is having the guidance of the franchisor to help you establish your restaurant and attract their clients.
What does the net franchise growth rate tell you?
Looking at the Net Franchise Growth Rate will tell you how many franchises are opening versus how many are closing. If more are closing than opening, it is safe to assume that there are problems in the brand.
What is wrong with raising canes?
The problem with Raising Cane’s is that they charge a high price tag but offer little in return. It’s a huge buy-in cost, but they do not offer much, if any, support to ensure your restaurant flourishes to its potential.
How long is a franchise license good for?
When a franchise license if first purchased, it is good for a period of 20 years.
