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Is Arby's a chain or a franchise?
As one of the largest fast-food chains, Arby's franchise has more than 3,000 locations, including their 1,000+ locations operated by the company itself. They have worked to establish themselves as one of the best sandwich makers and one of the top fast-food providers.
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 Arby's franchise make a year?
2021 Arby's Median Franchise Sales: $1,296,616 Based on the median sales provided by Arby's franchise locations, at an average of a 15% profit margin it will take around 10 years to recoup the investment.
What franchise does Arby's own?
Jim Taylor. Jim Taylor serves as President of Arby's, part of the Inspire Brands family of restaurants. Inspire is a multi-brand restaurant company whose portfolio includes nearly 32,000 Arby's, Baskin-Robbins, Buffalo Wild Wings, Dunkin', Jimmy John's, Rusty Taco, and SONIC Drive-In restaurants worldwide.
What is the most profitable franchise?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.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.
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.
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.
Is Burger King a franchise?
Since 1954, Burger King® has provided franchisees with a proven business model with innovation and growth at its core. We are one of the largest QSR chains in the world and continue to grow across the U.S. and international markets.
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 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
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.
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.
Proven Operations
Arby’s has been franchising since 1965. And for the past 55 years we’ve been perfecting our systems so that each franchisee can make the most of our tasty business model. Arby’s buying, storage, training and management processes are all as streamlined as possible, making each Arby’s restaurant easier to run for each franchisee.
Quality Food
No other restaurant franchise is able to match Arby’s level of quality and the speed and convenience we provide guests. Customers know what to expect when they visit their nearest Arby’s location: high-quality meats that can’t be beat stacked to create some of the best sandwiches in the QSR industry. Customers can’t get enough.
Affordability
Arby’s franchisees are able to reach a broad group of customers, and one of the reasons is an affordable price point.
Convenience and Speed Guests Demand
Another reason that Arby’s continues to grow is that we strive to exceed customer expectations—and in doing so, we run laps around the competition. We’re Fast-Crafted®, meaning we serve an innovative menu of high-quality foods while meeting customers’ needs for speed and convenience. Yep, we do it all.
Backing of Inspire Brands
It’s impossible to speak of the continued success of the Arby’s brand without acknowledging the role of our parent company, Inspire Brands. Inspire Brands is a global, multi-brand restaurant company unlike any other. They are home to five leading restaurant brands and more than 11,100 locations globally.
What is a territory granted license?
Territory Granted: Under each License Agreement franchisees will operate one restaurant at a specified location that the franchisor has accepted. The franchisor may, in its sole judgment, grant franchisees a specific and limited protected area surrounding the restaurant. During the term of the License Agreement, the franchisor will not operate or license others to operate an Arby’s restaurant using the licensed trademarks and offering deli inspired sandwiches for sale to consumers within the protected area, if any. If the restaurant is a free-standing structure and the franchisor grants a protected area, it will typically delineate the protected area by a one-mile radius from the location or by boundary streets or highways (excluding malls, college, and university campus locations and other similar institutional type facilities, toll plazas, military bases, hospitals, theme/amusement parks, airports, casinos, special location activity centers such as sports arenas and sovereign nations). If franchisees operate a non-traditional restaurant, the franchisor will not grant any protected area.
What is Arby's franchise training?
The NFO is a brief overview of the Arby's system and the administrative corporate support provided. For the first and second restaurants, franchisees must at all times employ three managers (six total) who have completed (to Arby's satisfaction) and are certified in the Arby's Restaurant Management Training Program (MTP), or a comparable training program approved by the franchisor in its sole judgment. One of these people may be the franchisee, if he/she will be participating in the direct operation of the restaurant. The current MTP runs for seven weeks at a Nationally Certified Training Restaurant. In addition to the NFO and the MTP, the franchisor utilizes its “Revitalization Roadmap” to ensure successful executions for new restaurants openings, for the first and second restaurants opened by a franchisee. For the first restaurant opened, the training includes the services of two people to assist with the needed pre-opening and post-opening crew training at the restaurant for 10 calendar days. For the second restaurant opened, the training includes the services of one person to assist with the needed pre-opening and post-opening crew training at the restaurant for six calendar days. The franchisor reserves the right, in its sole judgment, to specify additional training requirements, including, but not limited to, supplemental or refresher training programs for franchisees, their managers and/or employees.
How long is a franchise agreement?
Term of Agreement and Renewal: The length of the initial franchise term for a traditional restaurant is up to 20 years, but may be less if the franchisee’s lease is shorter than 20 years or the franchisee purchased an existing company-owned restaurant and the franchisor does not own the property; or purchases an existing franchisee’s restaurant, in which case, the franchisee will either receive the balance of the term under the existing agreement or a 20-year term. For non-traditional restaurants, the initial term is equal to the shorter of 10 years or the term of the lease with the applicable airport authority, stadium or arena, or length of the lease for the licensed premises. If franchisees meet the approval criteria, they may receive a Successor License Agreement (which will be the standard form License Agreement [including the Guaranty Agreement] then current as of 12 months prior to the expiration date of the License Agreement and may have materially different terms and conditions than the previous License Agreement).
What is an NFO in Arby's?
The NFO is a brief overview of the Arby's system and the administrative corporate support provided. For the first and second restaurants, franchisees must at all times employ three managers (six total) who have completed (to Arby's satisfaction) and are certified in the Arby's Restaurant Management Training Program (MTP), ...
How long is the MTP?
The current MTP runs for seven weeks at a Nationally Certified Training Restaurant. In addition to the NFO and the MTP, the franchisor utilizes its “Revitalization Roadmap” to ensure successful executions for new restaurants openings, for the first and second restaurants opened by a franchisee.
What are the obligations of an Arby's franchise?
Obligations and Restrictions: Franchisees must at all times faithfully, honestly, and diligently perform their obligations under the License Agreement, continuously exert their best efforts to promote and enhance the Arby's restaurant, and not engage in any other business or activity that conflicts with their obligations to operate the Arby's restaurant in compliance with the License Agreement. Franchisees may only sell those food and non-alcoholic beverage products designated in the manual as being included in the standard Arby's menu and meeting the quality standards (including product specifications and sources, cleanliness and sanitation, customer service and hours of operation) in the manual or as otherwise designated in writing.
What is a non-traditional restaurant?
Non-traditional: Limited menu, limited size and reduced service restaurants, which generally occupy a smaller retail space, offers no or very limited seating and may cater to a captive audience, may have a limited menu and may possibly feature reduced services, labor, storage and different hours of operation.
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.
What does absentee ownership mean?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
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 exclusive territory?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What is a military discount?
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
What is included in the initial investment?
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
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.
Is an Arby’s Franchise Profitable?
Pre-COVID, the story of the Arby’s franchise was a positive one. But, a decade ago, sales and margins were not looking so hot for the roast beef business. “When the financial crisis hit, Arby’s suffered badly,” reported Forbes. “Sales and margins shrank for three straight years, from 2008 through 2010.”
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What is the benefit of buying a franchise?
As a new franchisee, most systems offer training so you can get up to speed quickly on the ins and outs of the business. At Arby’s, new franchisees are required to attend a “New Franchisee Orientation (NFO),” which is a one- or two-day orientation program in a classroom setting. There is no cost for this program aside from travel, meals, and lodging expenses.
Proven Operations
- Arby’s has been franchising since 1965. And for the past 55 years we’ve been perfecting our systems so that each franchisee can make the most of our tasty business model. Arby’s buying, storage, training and management processes are all as streamlined as possible, making each Arby’s restaurant easier to run for each franchisee. Our operations have ...
Quality Food
- No other restaurant franchise is able to match Arby’s level of quality and the speed and convenience we provide guests. Customers know what to expect when they visit their nearest Arby’s location: high-quality meats that can’t be beat stacked to create some of the best sandwiches in the QSR industry. Customers can’t get enough. That’s why we’ve seen unprecede…
Affordability
- Arby’s franchisees are able to reach a broad group of customers, and one of the reasons is an affordable price point. In this day and age when customers have countless dining options, Arby’s remains a top contender thanks to the streamlined processes that allow us to keep prices low for each Arby’s guest while protecting profit margins for our franchisees.
Convenience and Speed Guests Demand
- Another reason that Arby’s continues to grow is that we strive to exceed customer expectations—and in doing so, we run laps around the competition. We’re Fast-Crafted®, meaning we serve an innovative menu of high-quality foods while meeting customers’ needs for speed and convenience. Yep, we do it all. And our passion for creating an entirely satisfying experience for …
Backing of Inspire Brands
- It’s impossible to speak of the continued success of the Arby’s brand without acknowledging the role of our parent company, Inspire Brands. Inspire Brandsis a global, multi-brand restaurant company unlike any other. They are home to five leading restaurant brands and more than 11,100 locations globally. Arby’s is winning because, by partnering with Inspire Brands, we have access …