• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Menu
  • Home
  • About
    • About Franchise Chatter
    • Contact
    • Privacy Policy
    • Terms of Service
    • Affiliate Disclosures
  • Subscribers Hub
    • Login
    • New to Franchise Chatter? Start Here
    • America’s Most Lucrative Franchises
    • Franchises Ranked by Average Revenues
    • Franchises Ranked by Average Profits
    • Franchise Winners, Survivors and Losers Last Year
    • FDD Talk
    • Search by Name
  • Top Franchises
  • Franchise Earnings
  • Costs
  • Fees
  • Quiz
  • Search

Franchise Costs: Detailed Estimates of Famous Dave’s Franchise Costs (2016 FDD)

Last updated on December 19, 2016 by Franchise Chatter Leave a Comment
in BBQ Franchise, Franchise Costs



Learn Which Franchises Can Make You Rich

This post was updated on December 19, 2016 to reflect information from Famous Dave’s 2016 FDD (Item 7).

Detailed Estimates of Famous Dave’s Franchise Costs Based on Item 7 (Estimated Initial Investment) of Famous Dave’s 2016 Franchise Disclosure Document

  • Famous Dave’s Restaurants serve combinations of hickory-smoked spareribs, baby back ribs, beef brisket, herb-roasted chicken, barbecue sandwiches, char-grilled burgers, cornbread, potato salad, coleslaw, Wilbur beans, desserts, and other food and beverage items.
  • For the estimated range of costs, Famous Dave’s relied on its years of experience in the restaurant business.
  • Payments are not refundable unless otherwise noted. Famous Dave’s does not offer direct or indirect financing.
  • These figures are estimates only, and it is possible that you may have additional or greater expenses during this period.

Full Service

1.  Initial Fee:  $45,000

  • If you sign a Reservation Agreement, you pay $10,000, which the franchisor credits towards the Initial Fee. You will pay the franchisor the remaining balance of the Initial Fee when you sign the Franchise Agreement.

2.  Leasehold Improvements:  $475,000 to $1,300,000

America's Most Lucrative Franchises of the Year
  • Lease only:  These figures represent the cost to lease and remodel an existing building to a Famous Dave’s Restaurant. Famous Dave’s Restaurants are generally located in free-standing buildings and end caps in retail centers, and require from 2,400 square feet up to 6,200 square feet of floor space with seating for 50 to 210 guests. The rental rate will generally be between $15 and $35 per square foot.

3.  Land, Building, and Construction:  $2,410,000 to $2,900,000

  • Purchase only:  If you choose to purchase the land and building for your Famous Dave’s Restaurant, your initial costs likely will be significantly higher than if you choose to lease the premises.
  • The land required for your Famous Dave’s Restaurant will require from 0.75 acres to 2 acres, and the building will require from 2,400 square feet to 6,200 square feet of floor space with seating for 50 to 210 guests.
  • Your initial investment if you choose to purchase the land and building may range from $400,000 to $1,250,000 for the cost of the property and $100,000 to $1,300,000 for the cost of construction or remodeling (not including equipment costs).
  • In addition, you may be required to landscape or make other improvements to your site which may range from $100,000 to $350,000. Thus, your total estimated expenditures to purchase the land and building for your Restaurant may range from $600,000 to $2,900,000.
  • These estimates are based upon the experience of Famous Dave’s in the Midwestern and Eastern United States; depending upon your area, your costs may be higher.

4.  Travel and Living Expenses for You and Your Management Staff During Training:  $25,000 to $40,000

  • You must pay for the Travel Expenses and other expenses while you and your Management Staff attend the initial training program. Salaries and Benefits are not included.

5.  Reimbursement of Expenses for Opening Team:  $55,000 to $90,000

6.  Furniture, Fixtures, Decor, and Equipment:  $500,000 to $650,000

  • This includes the cost of the computer hardware, peripherals, and software that will serve as your point-of-sale system, and the maintenance agreement for the system, and also includes the costs for decor items and installation services.
  • Your furniture, fixtures, decor, and equipment may be financed through a bank or other financial institution, leased or purchased outright.

7.  Architectural and Engineering Fees:  $50,000 to $170,000


🎯Find Good Franchises That Are Still AVAILABLE in Your Target Area (Free Tool)



🚀How to Find, Vet & FUND a Good Franchise. Watch Our Webinar Live or the Recording Later (Register Now – It's Free)



💰How Much Franchise Can You AFFORD? Use Our Free Financial Calculator


8.  Signs:  $45,000 to $75,000

9.  Liquor License Costs:  $25,000 to $75,000

  • Liquor license costs generally are less than $35,000. However in isolated instances, Famous Dave’s or one of its franchisees has had to pay up to $900,000 for a liquor license. You should check with the issuing authority to determine the cost and availability of your liquor license.

10.  Site Model Report Fee:  $750

11.  Restaurant Lease Payments – 3 Months:  $10,500 to $25,000

  • Lease only:  The monthly rental if you lease the premises for your Franchised Location may include common area maintenance fees and real estate taxes. The amount indicated may also include a one month advanced rental payment, security deposit, and prepaid expenses. Isolated instances could be higher.

12.  Employee Salaries – 3 Months:  $60,000 to $95,000

Franchises Ranked by Average Profits
  • This estimate does not include the salaries for you or your Management Staff during training.

13.  Miscellaneous:  $5,000 to $10,000

  • Miscellaneous fees include such items as security, utility and license deposits, impact fees, insurance premiums for three months, and professional services such as attorneys and accountants.

14.  Grand Opening Celebration:  $15,000 to $25,000

  • You must spend a minimum of $15,000 on the grand opening celebration for your Restaurant. Famous Dave’s can require that you spend up to $25,000 for the initial marketing and advertising campaign for your Restaurant.

15.  Additional Funds – 3 Months (these figures have not been offset by operating revenues):  $5,000 to $10,000

  • During the first three months of operations, you will need additional funds to cover your expenditures for supplies, food and beverage inventories, local advertising, utilities, and other miscellaneous operating costs.
  • This estimate has not been offset by any allowance for your operating revenues during this three month period.

16.  Total If Premises Leased by You:  $1,316,250 to $2,610,750

17.  Total If Premises Purchased by You:  $3,240,750 to $4,185,750

Line Service

  • The total estimated initial investment necessary to begin operation of a line service Famous Dave’s restaurant ranges from $811,750 to $1,700,750 if premises is leased by you, or $1,101,250 to $2,375,750 if premises is purchased by you.

Counter Service

  • The total estimated initial investment necessary to begin operation of a counter service Famous Dave’s restaurant ranges from $1,130,750 to $2,095,750 if premises is leased by you, or $2,260,750 to $3,458,750 if premises is purchased by you.

Flex Service

  • The total estimated initial investment necessary to begin operation of a flex service Famous Dave’s restaurant ranges from $1,330,750 to $2,670,750 if premises is leased by you, or $3,235,750 to $4,195,750 if premises is purchased by you.

🎯Find Good Franchises That Are Still AVAILABLE in Your Target Area (Free Tool)



🚀How to Find, Vet & FUND a Good Franchise. Watch Our Webinar Live or the Recording Later (Register Now – It's Free)



💰How Much Franchise Can You AFFORD? Use Our Free Financial Calculator



Franchises Ranked by Average Revenues and Profits



Franchise Winners and Losers Last Year

Tagged as: Famous Dave's

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous post: FDD Talk: Actual Total Revenue and Actual Revenue Per Day for Medi-Weightloss Clinics Businesses (2013 FDD)

Next post: FDD Talk: Average and Median Gross Sales for Jenny Craig Centres in the U.S. and Canada (2013 FDD)

Primary Sidebar

🚀How to Find, Vet and FUND a Good Franchise (Webinar)

✅ Is Franchising a Path for You? – Apr. 7 (Fri.), 11 a.m. EST

✅ Popular Trends in Franchising – Apr. 11 (Tues.), 4 p.m. EST

✅ Register Now to Get Free Access to Recordings of Both Webinars

Register Now

🤔Buying a Franchise on Your Own Can Be Overwhelming

✅ Get the guidance and support you need every step of the way (including funding 💵) from an experienced franchise broker at no cost to you.

✅ Fill out this form and a specialist from the Franchise Brokers Association will reach out to you.

⭐️Franchise Chatter is reader-supported. We may receive a commission for leads generated from our site.

As seen in:  New York Times, Bloomberg Businessweek, and CNBC

Login

Remember Me
Register | Lost your Password?
Reminder: Your username and password are case-sensitive.

Need help? Email franchisechatterblog@gmail.com

👍”Your website and you have been instrumental in finding this franchise opportunity and I am overwhelmingly grateful.” (David F., subscriber)

🏆 Best Franchises by Industry

Best Franchises by Industry (All Lists)

Best Gym and Fitness Franchises

Best Pizza Franchises

Best Sandwich Franchises

Best Childcare Franchises

Best Ice Cream Franchises

Best Coffee Franchises

Best Hamburger Franchises

Best Salon and Beauty Franchises

Best Chicken Franchises

Best Smoothie and Juice Franchises

Best Maid Service Franchises

Best Mexican Restaurant Franchises

Best Massage Service Franchises

Best Tutoring Franchises

Best Auto Repair Franchises

Best Auto Oil Change Franchises

Best Asian Restaurant Franchises

Best Pet Franchises

Best Commercial Cleaning Franchises

Best Sports Bar Franchises

Best Baked Goods Franchises

Best Moving/Junk Removal Franchises

Best Mailbox Franchises

Best Apparel Retail Franchises

Best Senior Care Franchises

Best Restoration Franchises

Best Tech Franchises

Best Travel Agency Franchises

Best Trampoline Park Franchises

Best Tools Distribution Franchises

Best Property Management Franchises

Best Real Estate Franchises

Best Automotive Wheels and Tires Franchises

Best Weight Loss Franchises

Best Flooring Franchises

Best Eye Care Franchises

Best Physical Therapy Franchises

Best CBD Franchises

Best Tea Franchises

Best Ghost Kitchen Franchises

Best Acai Bowl Franchises

Best Poké Bowl Franchises

Best Donut Franchises

Best Kitchen and Bath Remodeling Franchises

Best Window Coverings Franchises

Best Plumbing Franchises

Best Home Inspection Franchises

Best Garage Franchises

Best Barbershop Franchises

Best Laundromat Franchises

Best Storage Unit Franchises

Best Car Wash Service Franchises

🚀 Daily FDD Talk Posts

HomeVestors Franchise

Woofie’s Franchise

Pure Green Franchise

Seniors Helping Seniors Franchise

Best Choice Roofing Franchise

LIME Painting Franchise

milliCare Franchise

One Hour Heating & Air Conditioning Franchise

PatchMaster Franchise

Spray Foam Genie Franchise

Bumble Bee Blinds Franchise

Mr. Sandless Franchise

EverLine Coatings Franchise

Blue Kangaroo Packoutz Franchise

Tommy’s Express Car Wash Franchise

Footprints Floors Franchise

Wendy’s Franchise

Clean Juice Franchise

Nurse Next Door Franchise

Made in the Shade Blinds & More Franchise

Five Star Bath Solutions Franchise

Beef ‘O’ Brady’s Franchise

Costa Vida Fresh Mexican Grill Franchise

Uptown Cheapskate Franchise

Pancheros Mexican Grill Franchise

Squeeze Franchise

Mosquito Squad Franchise

The Exercise Coach Franchise

ProLift Garage Doors Franchise

Heroes Lawn Care Franchise

Burn Boot Camp Franchise

Wing Zone Franchise

DreamMaker Bath & Kitchen Franchise

The Camp Transformation Center Franchise

Brightway Insurance Franchise

Owl Be There Franchise

The Dog Wizard Franchise

Scenthound Franchise

Bin There Dump That Franchise

Gotcha Covered Franchise

Phenix Salon Suites Franchise

AKT Franchise

Kitchen Solvers Franchise

FASTSIGNS Franchise

Zoom Drain Franchise

Pool Scouts Franchise

Ace Hardware Franchise

Signarama Franchise

Jovie Franchise

i9 Sports Franchise

UFC Gym Franchise

Franchise Chatter © 2023