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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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.
What is Arby's best known for?
While many fast-food restaurants offer a limited amount of food, Arby’s serves wraps, sandwiches, salads, fries, shakes, and more. They are known for their popular roast beef sandwich, a favorite amongst their frequent guests. They also have seasonal and promotional items that follow current trends to keep customers coming back. Even though Arby’s is a fast-food chain, they offer selections that many other restaurants do not.
Is Arby's a franchise?
Arby’s offers two types of franchises. The traditional franchise model is an outlet that opens with a full menu, is freestanding, and provides full customer service. This includes cooks, cashiers, and janitorial services. These outlets are often in plazas, truck stops, convenience stores, malls, and other places along freeways and highly-populated areas. This particular business model has a benefit: the development fee is waived (which usually costs $12,500).
Does Arby's give financial aid?
Unfortunately, Arby’s Restaurant Group does not give financial aid to franchisees. This means that if you run into financial trouble, it is up to you to fix the situation. You are, however, eligible for an SBA (Small Business Administration) loan through the SBA’s Franchise Registry.
Does franchise offer direct or indirect financing?
One challenge the franchise has is that it does not offer direct or indirect financing. If you are to experience a financial hurdle, it will be up to you to solve it. You are, however, able to apply for an expedited Small Business Administration loan from the SBA, if needed.
