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Hot 'N Now Hamburgers
4205 Charlar, # 3
Holt, MI 48842
800#: (888) 350-3146
Tel: (517) 694-4240
Fax: (517) 694-6370
E-Mail: [email protected]
Web Site: www.worldfranchising.com/website.htm
Contact: Mr. Tom VanAlstine, Vice President/CFO
Hot 'N Now operates and franchises drive thru only quick service restaurants, with the goal of serving great food fast. By keeping our operations as simple as possible we are able to keep our focus on what is really important, customer service.
Franchisor Background
Established: 1984
First Franchise: 1987
Franchise Units: 30
Company-Owned Units: 32
Total Units: 62
Distribution:
U.S. -- 62;
Canada -- 0;
International -- 0
-North America -- Operations in 3 States
-States/Provinces with Greatest Density: 55 in MI, 3 in IN, 4 in WI
Projected New Units Over Next 12 months: NR
Franchisee Qualifications: , , , , ,
(Click here for an explanation)
Registered in Following Registration States: NR (Click here for an explanation)
Average Number of Employees: 4 FT, 15 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,000 SF; FS
(Click here for abbreviations)
Encourage Conversion: NR
Financial Requirements
Cash Investment: $50K+
Total Investment: $400K-1MM
Average Total Investment: $700.0K
Minimum Net Worth: $100K
Fees:
-Franchise: $22K
-Average Franchise Fee: $22.0K
-Royalty: 4%
-Average Royalty: 4.0%
-Advertising: .5%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 20/20
Passive Ownership: Discouraged
Area Development Agreements: Yes/Varies
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: NA
Lease Negotiation Assistance: Yes
Financial Assistance: NR
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 10
On-Going Support: B,C,D,E,G,H,I (Click here for an explanation)
Training: Eight Hours at a To Be Determined Location.
Franchisor's Specific Expansion Plans
U.S.: Midwest
Canada: NR
Overseas: NR
Note: NR = No Response by Franchisor.
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