How much does an Arby's franchise cost?
- Initial Franchise Fee: $37,500
- Total Investment: $637,950 to $2,205,600
- Working Capital: $33,000 to $100,000
- Royalty Fee: 4.0%
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How much does it cost to open a arbys?
The estimated initial investment for an Arby's restaurant ranges from $336,500 to $927,900 for a lease situation, and from $750,700 to $2,474,400 for a land and building purchase situation (based on an initial license fee of $37,500 for the first unit).
How much does the average Arby's owner make?
Arby's doesn't provide their financial statistics online, yet when compared to similar fast-food restaurants in the United States it's business owners likely make $100,000 – $150,000 a year. This is, however, a rough estimate based on other competing fast-food restaurants such as McDonald's and Subway.
What is the royalty fee for Arby's?
4%$2,306,000Type of FeeAmountRoyalty4% of gross sales for traditional restaurants and 6.2% of gross sales for non-traditional restaurants15 more rows
How much does an Arby's store make a year?
To begin with, the average unit sales of an Arby's location comes in around $1,200,000. On those sales, you can expect about 12% profits (EBITDA margins) which equates to roughly $144,000 per location before paying for above store administrative expenses.
What is the most profitable franchise?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
What is the McDonald's franchise fee?
$45,000McDonald's Franchise Cost / Initial Investment / Income Most McDonald's owner/operators have entered the corporation by purchasing an existing restaurant. To open a McDonald's franchise, however, requires a total investment of $1-$2.2 million, with liquid capital available of $750,000. The franchise fee is $45,000.
How much is it to buy a Taco Bell franchise?
Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.
How much does a Wendy's franchise cost?
$2,000,000 to $3,700,000The estimated total investment required to begin operation of a new restaurant normally ranges from $2,000,000 to $3,700,000. Will I be assigned an exclusive territory? Wendy's does not currently provide exclusive areas to franchisees. The franchise agreement is issued for the specific restaurant location only.
Who owns the most Arby's franchises?
RB AMERICAN. GROUP. RB American is the largest Arby's franchisee, operating 369 restaurants across 10 states. It is part of Flynn Restaurant Group which also operates 441 Applebee's, 282 Taco Bells, 130 Paneras, 941 Pizza Huts, and 192 Wendy's, making it the largest restaurant franchisee in the US.
How much does it cost to buy a Burger King franchise?
Burger King Franchise Cost /Initial Investment/ Burger King Franchise. The franchise fee is $50,000, and requires a total investment of anywhere between $316,100 and $2,660,600. Franchise agreements include an additional royalty fee of 4.5%. Franchise incomes vary by location.
Does Arby's make profit?
Today, Arby's reports EBITDAR (earnings before interest, taxes, depreciation, amortization, and rent/real property costs) of $246,192 per restaurant, according to Arby's Franchise Disclosure Document for 2020. This data is based on 1,111 units. In 2019, the company had $4 billion in sales across 3,500 locations.
Is arbys doing well?
Top-line sales have jumped by 16% to $3.6 billion, and Arby's restaurants now have average revenue of $1.1 million, 25% higher than before Brown arrived.
Does Arby's make profit?
Today, Arby's reports EBITDAR (earnings before interest, taxes, depreciation, amortization, and rent/real property costs) of $246,192 per restaurant, according to Arby's Franchise Disclosure Document for 2020. This data is based on 1,111 units. In 2019, the company had $4 billion in sales across 3,500 locations.
How much is the owner of Arby's worth?
Roark Capital Group acquired 81.5% of Arby's Restaurant Group in July 2011 and is now a majority-owner of Inspire Brands....Arby's.Logo since 2013Arby's restaurant in Colonial Heights, Virginia. This is the largest Arby's restaurant in the chain.RevenueUS$3.884 billion (2019)13 more rows
Who is the current owner of Arby's?
Inspire BrandsInspire Brands and Roark Capital Group own Arby's. Roark Capital Group acquired 81.5% of Arby's Restaurant Group in July 2011 and is now a majority owner of Inspire Brands. Arby's was founded in Boardman, Ohio in July of 1964 by brothers Forrest and Leroy Raffel.
Who is the CEO of Arby's?
Paul Brown (May 13, 2013–)Arby's / CEOPaul Brown serves as Chief Executive Officer of Inspire Brands, a multi-brand restaurant company whose portfolio includes more than 4,700 Arby's, Buffalo Wild Wings, and Rusty Taco locations worldwide.
What else is involved in owning an Arby's franchise?
Royalty fees are an additional 4 percent of gross sales. National and local advertising are additional fees — 1.2 and 3 percent of gross sales respectively. Still on board? Let's keep going.
How much capital do I need to open an Arby's?
If all this sounds enticing, here's what you'll need: The Arby's team expects all franchise candidates to have extensive multi-unit restaurant operator experience, as well as a desire to open multiple Arby's locations. You'll also need a minimum of $500,000 in liquid capital, and a net worth of at least $1 million. The estimated total investment is in the range of $314,550 to $1,844,200 (via Arby's ).
What is Arby's famous for?
Arby's is one of America's favorite fast food sandwich chains. They "have the meats," according to award-winning actor Ving Rhames' voice in the brand's iconic commercials (via WKDQ ). Arby's has been known for its roast beef sandwiches since Leroy and Forrest Raffel opened the first Arby's in 1964. They wanted to stand out in a sea of burger joints by offering something different: roast beef. They later added cheddar cheese sauce, red onion, and a toasted onion roll to the sandwich in 1978 (via Arby's).
Can you own your own restaurant?
While you may own your own restaurants, you are still part of a big (possibly dysfunctional) family. For example, one Minnesota franchisee made news recently when they posted a sign stating, "Only well-behaved children who can keep their food on their trays and their bottoms on their seats are welcome. If you can't do this you will be asked to leave." Arby's ordered the franchisee to remove the sign and publicly issued an apology — but perhaps the PR damage was done.
Who is the president of Arby's?
Arby's president Jim Taylor recently addressed 700 Arby's franchisees, telling them, "Arby's was born to be different. We're different because of the food we serve, the service experience we offer, and our bold, confident voice that breaks through with culture in a way that others in QSR don't" (via Inspire blog ). How is Arby's innovating? Remember the pork belly sandwich, or the marrot, Arby's meat carrot? Arby's was also one of the first fast food chains to say it would never serve plant-based meat, according to Food & Wine .
Does Arby's sell prime rib?
Flash forward, and Arby's has started selling its famous meats by the pound , and adds limited-time options to attract a variety of customers, such as an upgraded prime rib sandwich, and chicken cheddar ranch sandwich. Today, the chain clearly wants to be seen as more than the place with roast beef. In fact, a campaign was launched called "Head of Sandwiches," the main purpose of which was to promote the other sandwich options available at Arby's. The campaign has been successful in attracting a younger consumer into the restaurant, according to Forbes .
Background
When it comes to fast food restaurants, it seems like hamburgers can be the only option on the menu. This is where the Arby's franchise comes in. Founded in 1964 and franchising since 1965, Forrest and Leroy Raffel wanted to come up with a fast food concept that is more than just burgers.
Support and Training Offered By Arby's
In terms of support and training, the franchisee, both U.S. based and international, can expect help with Restaurant Development Planning, Design and Construction, Operations Training, Marketing and Branding, and whatever else in needed to help you succeed.
Franchises Similar to Arby's
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.