Famous Dave’s of America, Inc. franchises authentic, down-home barbecue restaurants featuring genuine smoked barbecue. Famous Dave’s Restaurants operate under the name Famous Dave’s. Famous Dave’s Restaurants serve combinations of hickory-smoked spareribs, baby back ribs, beef brisket, herb-roasted chicken, barbecue sandwiches, char-grilled burgers, cornbread, potato salad, coleslaw, Wilbur beans, desserts, specialty cocktails, and other food and beverage items.
Company Background
Famous Dave's of America, Inc. is a franchised barbeque restaurant that operates under the name Famous Dave's. Famous Dave's restaurants serve combinations of hickory-smoked spareribs, baby back ribs, beef brisket, herb-roasted chicken, barbecue sandwiches, char-grilled burgers and cornbread with potato salad or coleslaw and Wilbur beans for dessert.
Franchise Opportunity
The problem for us is that we have a lot of competition. We need to set ourselves apart from other barbecue restaurants, but in a way that doesn't alienate our customers or make them feel like they are not getting the best quality food and service possible. Our solution to this problem is very simple - we hire the most talented people in the industry and train them on how to serve our customers with excellence every time they visit any one of our locations. We also ensure that all of our employees take pride in their work by encouraging friendly competition between each location - if you want your restaurant to be known as the best, then you have got to put forth your best effort every single day! If you live near one of Famous Dave's Restaurants and haven't been yet, please stop by soon because I know you will love it!
Corporate Structure
Famous Dave’s of America, Inc. is a Minnesota corporation formed on March 14, 1994. Their principal business address is 12701 Whitewater Drive, Suite 200, Minnetonka, Minnesota 55343-4164. Famous Dave’s commenced its franchise program in 1998.
Earnings Transparency
7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Quick Service Restaurants (QSR) Industry
$2,571,423 / unit
Franchise Type: Standard
Average Revenue During 2019
$2,571,423
$433,693 Industry Low
$2,571,423 Industry High
Franchise Types Available
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Type
Investment
Fees
Employee Contact Database
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Name
Position
Phone Number
Email Address
Distribution of Famous Dave's Franchisees
Famous Dave's Franchise System Development in 2022
FAQ
How much investment do I need to start my own Famous Dave's business?
Franchisees typically require at least $461 to $4 investment to get their Famous Dave's business started
What are the initial franchise fees for Famous Dave's?
Franchisees typically need to pay at least $95 in fees directly to Famous Dave's in order to earn the right to launch their business
How much money can I make with a Famous Dave's franchise? What are
the average revenues for a typical Famous Dave's business?
We estimate that the average revenue of an individual
Famous Dave's unit is approximately
$2,571,423. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Famous Dave's unit? What
is my contractual commitment?
Famous Dave's franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
1 /10
The Franchisor's investment costs ranges from
$461,750 to $4,927,500
which is
Much Higher
than the $0 to $0 average in the Quick Service Restaurants (QSR) industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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