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Is Arby's a chain or a franchise?
Arby's, which was founded in 1964 and began to franchise in 1965, is one of the largest fast food and sandwich chains in the United States. Arby's strives to specialize in delicious and unforgettable sandwiches.
How much does an Arby franchise cost?
Arby's has the franchise fee of up to $37,500, with total initial investment range of $314,550 to $1,844,200.
Who owns the Arby's franchise?
Arby's is the flagship property of Inspire Brands, the renamed Arby's Restaurant Group, Inc. (ARG). ARG was renamed as the company took over ownership of Buffalo Wild Wings on February 5, 2018. Roark Capital Group acquired 81.5% of Arby's Restaurant Group in July 2011 and is now a majority-owner of Inspire Brands.
How much does it cost to buy into arbys?
What is the total investment required? The total investment varies from $314,550 – $1,844,200.
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 does a Taco Bell franchise cost?
Total cost: A standalone Taco Bell franchise location is estimated to cost between $1.2 million and $2.6 million, exclusive of land and lease costs. Initial investment: Initial investments will vary significantly based on your location and the type of restaurant.
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.
What is the oldest fast food restaurant?
White CastleMost historians agree that the American company White Castle was the first fast-food outlet, starting in Wichita, Kansas in 1916 with food stands and founding in 1921, selling hamburgers for five cents apiece from its inception and spawning numerous competitors and emulators.
Is Arby's doing well financially?
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.
How do I invest in Arby's?
Here's what it will cost to purchase an Arby's franchise including fees:Estimated Initial Investment ranges from $628,950 – $2,205,600.Liquid Capital Minimum: You'll need a minimum of $500,000 in liquid capital and a net worth of at least $1,000,000.Development Fee: $12,500 per traditional restaurant ($6,250 for vets)More items...•
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.
How much does a Taco Bell franchise cost?
Total cost: A standalone Taco Bell franchise location is estimated to cost between $1.2 million and $2.6 million, exclusive of land and lease costs. Initial investment: Initial investments will vary significantly based on your location and the type of restaurant.
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.
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.
Is Arby's 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.
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 was the original Arby's menu?
The original Arby's menu consisted of roast beef sandwiches, potato chips and iced tea. Over time other sandwiches, curly fries, milkshakes, meals for kids and light choices have been added to the menu.
How long is a franchise agreement?
Term of Agreement. Up to 20 years. Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
When did the Raffel Brothers start?
Company Overview. Forrest and Leroy Raffel started their food-service consulting firm, Raffel Brothers Inc., in the 1950s, but were soon thinking about starting their own restaurant. On a rainy night, the brothers found inspiration--roast beef sandwiches. In 1964, the first Arby's ("R.B." for "Raffel Brothers") opened in Boardman, Ohio.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
