Long John Silver's is a quick-service restaurant specializing in fish, seafood, and chicken. The franchise features a limited menu with complementary items such as sides and beverages.
Key Insights
- Long John Silver's is a prominent casual dining chain specializing in seafood, with a history rooted in delivering a distinct culinary experience to its customers. The business has evolved over time, adapting its offerings and operational strategies to meet consumer preferences while maintaining its core identity.
- The franchise operates through a network of quick-service restaurants, offering a menu centered on fried fish, shrimp, chicken, and various seafood platters. Customers can dine in, take out, or utilize drive-thru services, ensuring accessibility and convenience in its service model.
- Long John Silver's competes within the fast-casual and quick-service restaurant industry, a sector characterized by its dynamic nature and consumer demand for value and convenience. The business navigates this landscape by focusing on its specialized seafood offerings and established brand recognition.
Franchise Fee and Costs to Open
Exploring the financial picture of Long John Silver's gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $1,902,500 - $4,160,000, along with a franchise fee of $35,000 - $35,000.
Financial Performance and Revenue
Yearly gross sales of $517,941 and estimated earnings of $62,153 - $77,692 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 43.9-45.9 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Long John Silver's provides comprehensive training for new franchisees. This initial training program offers hands-on experience and covers operational procedures. The program lasts for four weeks and is conducted at a designated training facility. Long John Silver's also provides a wealth of resources to support franchisees in developing their business.
Legal Considerations
Legal considerations for a Long John Silver's franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee might navigate considerations regarding local market saturation, with numerous dining options potentially impacting customer flow. The operational complexity of a quick-service seafood model, from ingredient freshness to specific preparation methods, demands consistent execution. Furthermore, reliance on established supply chains for distinct seafood products presents a factor in maintaining product availability and quality.
Franchise Datasheet
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