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Home > Franchises > Long John Silver's Restaurants Inc.
Long John Silver's Restaurants Inc.
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.
Long John Silver's Restaurants Inc. is a quick-service seafood chain. Long John Silver's parent company, Yum! Brands Inc. also owns A&W Restaurants, Taco Bell, KFC, and Pizza Hut. Their parent company is the largest restaurant company in the world and the leader in Multibranding.
Long John Silver's Restaurants Inc. was established on 1969 and they started franchising in 1970. In 1969, this franchisee restaurant opened in a small dock side building. This franchisor has 350 employees and 10 employees in the franchise department. They currently operate over 700 restaurants across America, in towns of all sizes. In fact, they have over 285 restaurants in trade areas with populations less than 10,000 people. Their total investment is up to 1.1 to 1.7 million dollars and the franchise fee is 30 thousand dollars. Franchise 500 ranked them number 63 in 2005.
With all the continuous hard efforts of all the members of the firm has made it one of the best in the business and has helped them reach to the pinnacle where others can only imagine of reaching. Customer support is one of their primary objective and they strive very hard to fulfill this objective.
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