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Home > Franchises > Famous Dave's
Famous Dave's
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
Dave’s road to fame started with a strong hankerin’ for excellent barbecue. It also made the finest slow-smoked barbecue that the folks had ever tasted. He visited rib shacks, roadside joints, every hole in the wall or fancy pants supper club he could, all in search of the most luscious meats, spicy seasonings and lipsmackin’ sauces.
Famous Dave’s was established in 1995 and it began franchising since 1998. Their franchises including ownership and management experience required in multi unit, full service, and casual dining restaurants, in or near the desired territories. Resources to expand a least of five restaurants, typically over five years, minimum per unit development costs range from 972,700 dollars to 4,069,000 dollars, minimum liquid net worth of 750,000 dollars, and proven assurance to customer service and quality food.
Famous Dave’s costs and fees include total investment varying from 907000 to 3.6 million dollars, with a franchise fee of 40000 dollars, ongoing royalty fee of 5 percent, 20 years of term of agreement which is renewable and the renewal fee of 50 percent of then current fee. Dave’s ranking according to the Entrepreneur magazine of 2006 revealed it to be at the 195th rank in Franchise 500.
Famous Dave’s won awards such as best of the West First Place, 2006, best of Des Moines, 2006, and People's Choice Tops Great American Rib Cook Off, Eclipse People's Choice Award in May, 2005.
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