Krystal Company, The
Yes, we actively support the inclusion and development of minority-owned franchises in the Krystal Company, The system.
Krystal Company, The
1 Union Square, Fl. 9
Chattanooga, TN 37402-2505
800#: (800) 458-5912
Tel:
Fax: (423) 757-1588
E-mail: cstringer@krystalco.com
Web Site: www.krystal.com
Contact: Ms. Carolyn Stringer, Assistant to President
The KRYSTAL COMPANY, a 'cultural icon' in the Southeast, is a unique brand with 72 years of success as a niche franchisor, we provide quality service and thoughtful leadership to our franchise partners. We are an innovative, forward-looking franchisor who is looking for highly motivated operators. We offer a protected development territory, requiring a minimum 3-restaurant development agreement, minimum liquidity of $650K and a net worth of $1.2 million. KRYSTAL, fresh, hot, small and square.
Franchisor Background
Established: 1932
First Franchise: 1990
Franchise Units: 188
Company-Owned Units: 248
Total Units: 436
Distribution:
> North America -- Operations in 15 States
> States/Provinces with Greatest Density: 104 in GA, 105 in TN, 53 AL
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 12-15 FT, 15 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,300-2,200 SF; FS,SC,C-Store
(for abbreviations click here)
Financial Requirements
Cash Investment: $200-300K/Rest
Total Investment: $900K-1.3MM
Average Total Investment: $1100K
Minimum Net Worth: $1.2MM
Fees
>Franchise: $32.5K
>Average Franchise Fee: $32K
>Royalty: 4.5%
>Advertising: 4%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 20/20
Passive Ownership: Allowed
Area Development Agreements:No
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: No
Cooperative Advertising: Yes
Franchisee Assoc. / Member: Yes/No
Size Of Corporate Staff: 100
On-Going Support: A,B,C,D,E,F,G,H,I (for an explanation click here)
Training: 4 Weeks Company Store; 1 Week Corporate Computer Center.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: SE,TX,OK,VA,NC,SC,WV,FL
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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