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Home > Franchises > Krystal Restaurants
Krystal Restaurants
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.
Krystal Restaurants was established in 1932 and started franchising in 1990. Krystal Restaurants is a southern icon. The Krystal brand and the great food, service, value and setting for which it stands has taken a prominent place in the Southeast's cultural landscape.
While the rest of the world believes bigger is better, Krystal proudly offers fresh, hot, small and square. The restaurant has over 72 years of brand building but still is sturdy and is more than a success.
Krystal Restaurants has launched a major expansion initiative to double its restaurants in the next five years. They are offering multi-unit development opportunities throughout the southeast. Krystal Restaurants is looking for franchise partners interested in joining a unique opportunity that offers exclusive development areas, first class franchise support, compelling unit level economics, strong brand heritage and rated among the top chains in America.
The total investment for this franchise varies from 900,000 to 1.3 millions. The franchise fee is 32,500 dollars. The ongoing royalty fee is 4.5 percent. The term of agreement to run this franchise is of 20 years and is renewable. The renewal fee is 8,100 dollars. Krystal Restaurants was ranked 344 in 2006, 279 in 2005, 164 in 2004 and 101 in 2003 by franchise 500 ranks.
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