|
SHAKEY'S offers a wide selection of freshly-prepared foods, consisting of a variety of pizzas, chicken and pasta and more than 50 freshly-prepared lunch and dinner items. SHAKEY'S features both pizza and fried chicken and the Bunch of Lunch all-you-can-eat buffet. Serves beer and wine and every store has a game room with approximately 15 redemption games. 64 restaurants in the US and 250 worldwide. Current prototype store has 6,000 SF and seats 200 customers. Average check was $7.25 in 2003.
Franchisor Background
Year Established: 1954
Franchising Since: 1957
Operating Units: |
| Franchised Units: | 55 | | 77.5% | | |
| Company-Owned Units: | 16 | | 22.5% | | |
| | ______ | | _____ | | |
| Total Operating Units: | 71 | | 100% | | |
| |
Geographic Distribution: |
| U.S.: | 71 | | 100% | | In 7 States |
| Canada: | 0 | | 0% | | In 0 Canadian Provinces |
| International: | 0 | | 0% | | In 0 Foreign Countries |
| | ______ | | _____ | | |
| Total: | 71 | | 100% | | |
| |
North America: |
| States/Provinces with the largest number of operating units: |
| Density | Units | | | | |
| 1. California | 56 |
Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia, Alberta
Financial Requirements
Investment: |
| Minimum Net Worth: | $ |
| Cash Investment: | $25K-250K |
| Total Investment: | $461K-1684.5K |
| Average Total Investment: | $1073K |
| |
Fees: |
| Initial Franchise Fee: | $25K |
| Average Franchise Fee: | $25K |
| On-Going Royalty: | 5% |
| Average Royalty: | 5% |
| Advertising Fee: | 6%-5% Local |
Average Number of Employees: 10-24 Full-time, 45% Part-time
Space Needs (in square footage): 4,000-6,000
Preferred Sites: Free-standing Building, Strip Center
Other Sites:
Encourage Conversions? No
Earnings Claims Provided? No
Listed in the SBA Registry? No
Support and Training
| International Franchise Association: | Yes |
| Canadian Franchise Association: | No |
| Franchisee Association/Member: | Yes, Member |
| Size of Corporate Staff: | 6 |
| Site Selection Assistance? | Yes |
| Lease Negotiation Assistance? | Yes |
| Financial Assistance? | No |
| |
Marketing Support: |
| Co-Op Advertising: | No |
| National Advertising: | No |
| Regional Advertising: | No |
| Local Advertising: | No |
| Marketing Materials: | None Specified |
| Additional Services: | None Specified |
| Other Marketing Support: | None Specified |
| |
On-Going Support: |
| Central Data Processing: | Not Applicable |
| Central Purchasing: | Included in Fees |
| Field Operation Evaluation: | Included in Fees |
| Field Training: | Included in Fees |
| Initial Store Opening: | Included in Fees |
| Inventory Control: | Included in Fees |
| Franchisee Newsletter: | Included in Fees |
| Regional or National Meetings: | At Additional Cost |
| 800 Telephone Hotline: | Not Applicable |
| |
Training: |
| 1. CA | 6 Weeks |
|
|
Franchisee Qualifications
| Ranked from 1 (unimportant) to 5 (important): |
| |
| Financial Net Worth: | 4 |
| General Business Experience: | 4 |
| Specific Industry Experience: | 4 |
| Formal Education: | 2 |
| Psychological Profile: | 2 |
| Personal Interview(s): | 5 |
| |
| |
Minority Representation
Units Owned by Minorities: |
| African-American: | N/A |
| Asian-American: | N/A |
| Hispanic: | N/A |
| Native American: | N/A |
| Other: | N/A |
| Specific Minority: | N/A |
| |
| |
Terms of Contract
| Term of Initial Contract: | 10/5/5 Year(s) |
| Term of Renewal Period: | Year(s) |
| Passive Ownership: | Allowed, But Discouraged |
| Area Development Agreements? | Yes, for 1 Year(s) |
| Sub-Franchising Contracts? | No |
| Franchisees Allowed to Expand Within Territory? | Yes |
Expansion Plans
Projected New Units Over Next 12 months: 10
| U.S.: | Yes, All United States |
| Canada: | No |
| Overseas: | No |
|
Franchise News