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Franchise Project: Arbys

Franchise Project: Arbys. By: Kyle Varone. History. Arby’s was founded in 1964 by brothers Leroy and Forrest Raffel The first Arby’s restaurant opened in the city of Boardman, Ohio Arbys’ first corporate headquarters were located in Youngstown, Ohio

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Franchise Project: Arbys

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  1. Franchise Project: Arbys By: Kyle Varone

  2. History • Arby’s was founded in 1964 by brothers Leroy and Forrest Raffel • The first Arby’s restaurant opened in the city of Boardman, Ohio • Arbys’ first corporate headquarters were located in Youngstown, Ohio • When the restaurant first opened only two employees worked at a time

  3. Products they sell • Different roast beef sandwiches and curly fries are what Arby’s is most well known for • Pepsi products are sold in all Arby’s restaurants • Other menu items include chicken sandwiches, warm turkey sandwiches, apple and chocolate turnovers, and cheesy potato bites

  4. How is Arby’s Doing? • Arby’s total revenue has steadily increased do to the money made from increased franchisees • The chain struggled for a short while after they split from Wendy’s last summer • Arby’s currently has stores in every state except Rhode Island • The average Arby’s restaurant employs 20 workers

  5. Arby’s Future Plans • Arby’s currently doesn’t have any plans for the future, but the company is expected to grow because of more franchisees

  6. How many franchises? • Currently, Arbys has 3,572 franchises • Arbys is not listed in the top 100 franchises list for this year

  7. The Arby’s Foundation • The Arby’s foundation was formed in 1986, it’s goal is to help stop child hunger • By 2015, the foundation hopes to wipe out child hunger nationwide

  8. How can you Own a Franchise? • Arby’s requires that you fill out their questionnaire on their website and fill out an application • You need to have at least 500,000 dollars in liquidation assets

  9. Start up Fee and Financial Commitments • The average start up fee for an Arby’s franchise is around 300,000 dollars • You will have to be willing to pay two percent of your revenue to Arby’s • Arby’s charges a two percent royalty fee the first 24 months, then a 4 percent fee after that • 1.2 percent goes towards advertising for your franchise

  10. How does Arby’s Help? • Arby’s helps franchisees advertise and to find a location for their store • They provide operating and development teams for your store, they are in charge of most of the construction and real estate responsibilities

  11. Requirements of the Owner • Arby’s requires owners to have a minimum of 500,000 dollars in liquidation assets • Owners need to have a history in the food service industry • Have a history of previous business success • Someone who would eventually be willing to own multiple Arby’s stores

  12. How can you Contact Arby’s • You can contact Arby’s through their website www.arbys.com • Arby’s corporate headquarters are located in Atlanta, GA

  13. Works Cited • www.thefranchisemall.com • www.arbys.com • www.franchiseoppurtunities.com • www.riversidecemeteryjournal.com • www.yahoo.com/voices Images • www.arbys.com • www.premohoopsrecruiting.com • www.riversidecemeteryjournal.com • www.blogspot.com • www.flickr.com • www.arbysfoundation.com

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