- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$154K - $250K
- Units as of 2019
-
136 8.8% over 3 years
Company Overview
About Hwy 55 Burgers, Shakes & Fries
Industry | Food |
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Related Categories | Miscellaneous Full-Service Restaurants, Burger Restaurants |
Founded | 1991 |
Leadership | Kenney Moore, CEO |
Corporate Address |
102 Commercial Ave. Mount Olive, NC 28365 |
Social | Facebook, Twitter, Instagram |
Business Overview
Franchising Since | 1993 (31 years) |
---|---|
# of employees at HQ | 30 |
Where seeking |
This company is offering new franchises throughout the US. |
# of Units | 136 (as of 2019) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Hwy 55 Burgers, Shakes & Fries franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$25,000 |
---|---|
Initial Investment
|
$153,925 - $249,925 |
Net Worth Requirement
|
$500,000 |
Cash Requirement
|
$125,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
5% |
Ad Royalty Fee
|
1% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Hwy 55 Burgers, Shakes & Fries has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 40 hours |
---|---|
Classroom Training | 40 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 20-50 |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Hwy 55 Burgers, Shakes & Fries landed on this year's Franchise 500 Ranking versus previous years.
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