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Apr282010

Famous Sam's Franchise

'Eatertainment' restaurant and sports bar

In Tucson, Arizona, in 1963, Sam Schantz opened a small neighborhood bar called 'Sam's Tavern.' Serving overstuffed pastrami and ham sandwiches, Sam's Tavern kept customers entertained with pool tables, pinball machines and television. In February 1987, Sam's Tavern incorporated as Famous Sam's Corp., and franchising began the next year. In 1997, Famous Sam's Inc. was incorporated as a wholly owned subsidiary, and company headquarters moved to Phoenix. Famous Sam's Restaurant/Sports Bars offers reasonably priced casual dining with 'Overstuffed/Oversized' sandwiches and a full bar. Restaurants feature televisions tuned to sporting events and the 'National Trivia Network,' inviting guests to play trivia games. Game areas include pool tables, darts and video games.

Start-up Costs & Franchises Fees

What is the total cost to open a Famous Sam's Franchises?

Total Cost: $586,000 USD -$1,200,000 USD
Total Franchise Fees: $30,000 USD
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees:
Term of Agreement: 20 years

Contact Information for Famous Sam's

Famous Sam's Inc.
1930 S. Alma School Rd., #C-105
Mesa, AZ
85210

Phone Number: (480)756-9800
Fax Number: (480)756-9884

Franchise Homepage:

Famous Sam's In the Press

No results at this time.

Historical Expansion

In what year did Famous Sam's begin operations? 1979
When did Famous Sam's begin selling franchises? 1989

Year United States Canada International Corporate
2004 29 0 0 0
2003 30 0 0 0
2002 31 0 0 0
2001 30 0 0 0
2000 34 0 0 0

Future Expansion

United States: Arizona, Colorado, Nevada,

Franchise Financing Information

Cost In House Financing Available? 3rd Party Financing Available?
Franchise Fee No No
Initial Start-up Capital No No
Plant, Property, and Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Training & Support

Support
In the Pressletter, Meetings, Toll free phone number, Field support and site evaluation
Marketing
Cooperative advertising

Franchise Operation Restrictions

46% of all franchise business owners own more than one franchise location.

100% of current franchise business owners are owner/operators

Qualifications & Business Experience

Business Experience:
  • General business experience
  • Industry experience preferred, not required; strong management background
  • Franchise Analyzer Professional's Inside Information

    Can you buy this franchise for no money down? Yes
    What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
    Can you negotiate lower royalties during start-up? Yes
    Can you purchase multiple franchises for a discounted franchise fee? Yes
    Can you receive lower advertising fees? Yes
    Will I know when the franchise break even? Yes
    Will my personal assets including my home be safe in case my franchise business fails? Yes
    Please note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.