Personal & Professional Requirements

+ BACKGROUND

  • Excellent personal/professional and financial references
  • Clear credit and criminal background checks
  • Leadership standing in the community through participation with civic organizations

+ Business Style

  • Understands the “business of running the business”
  • Demonstrates leadership skills
  • Sound business management skills
  • Mid-level entrepreneurial spirit
  • Ability to manage and direct human resources under a proven system
  • Has an understanding of how to develop leadership skills on his/her team
  • Demonstrates a strong work ethic and a high level of integrity
  • Customer focused and responsive to customer needs
  • Possesses a strong decision-making ability
  • Effective communication skills
  • Ability to follow directions
  • Has a passion and enthusiasm for the business
  • Interested in working in a fast-paced and highly charged industry
  • Possesses a drive and desire to succeed

INVESTMENT & FINANCIAL REQUIREMENTS

+ TOTAL REQUIRED INVESTMENT:


  • Approximately $500,500.00 to $988,000.00 per unit. International costs vary with the local market, contact the Franchise Development Department to discuss. Company strongly prefers multi-unit franchise agreements in International markets and when entering new domestic markets.
  • (Required investment is based off U.S. development costs. International store development costs will vary based on the local market)

+ NET WORTH REQUIREMENTS


  • Fatburger requires a minimum net worth of $1,500,000 (excluding automobiles, furnishings and personal residences), with a minimum of $500,000 in liquid assets. Liquid assets are defined as those which can be converted to cash within thirty (30) days.
  • The cost of establishing a Fatburger restaurant will vary according to the size of the facility, relative land issues and the extent of necessary leasehold improvements. Twenty-five percent of the total cost must be funded from personal resources. The remainder may be funded through traditional financial institutions or our approved lending sources
  • For multi-unit deals, must meet all FCCR and capital requirements
  • Financial resources to support the business with debt/equity when necessary
  • Ability to develop additional restaurants (if required)

+ FRANCHISE TERRITORY OPPORTUNITY


  • Qualified individuals can now multiply their opportunity by owning exclusive development rights to multiple Fatburger restaurants in a specified area. Minimum net worth requirements of the multi-unit franchisee will be reviewed on an individual basis. The multi-unit franchisee will have to demonstrate that he/she possesses the financial strength and organization to maximize the development of the territory.

+ START-UP COSTS


  • Your initial investment will vary based on the size of the restaurant and local conditions.