Famous Toastery

Breakfast, brunch, and lunch restaurants

2023 Franchise 500 Rank: N/R Not ranked last year

Initial investment: $576K - $1000K

Units as of 2022: 25 3% over 3 years

As the name suggests, Famous Toastery believes it made itself famous in the market. In 2005, the founder, Robert Maynard, opened his first breakfast spot in North Carolina and developed better ways to serve customers.

To reach the demand for toast, Famous Toastery expanded its reach to various locations in 2013. Famous Toastery now has several franchises across the United States.

Apart from the breakfast, lunch, and brunch staples, Famous Toastery restaurants are also expected to serve wide-ranging traditional lunch varieties like wraps, burgers, and more.

Why You May Want to Start a Famous Toastery Franchise

Famous Toastery has striven to become an independent business venture in the "better breakfast" market niche. A Famous Toastery location should ensure that all customers, staff members, patrons, and franchisees feel respected and welcomed by Famous Toastery at any serving point. In that case, the franchise highly recommends potential candidates with qualities including excellent interpersonal and organizational skills, exemplary customer service, and excellent business acumen.

Opening a Famous Toastery franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.

What Might Make a Famous Toastery Franchise a Good Choice?

In the saturated food industry, Famous Toastery believes it has managed to improvise a serving model by using a team effort to serve every customer. It may also be no secret that Famous Toastery is appreciated for its new take on culinary combinations while still maintaining its quality ingredients, menu, and groundbreaking business strategy.

Since its establishment, the founder of Famous Toastery has focused on supporting the brand's quality by preparing only fresh food served to the customers' expectations. New restaurant franchisees should run the daily operations of the Famous Toastery, supervise and hire trained professionals.

To be part of the Famous Toastery team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising fees and royalty fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

How To Open a Famous Toastery Franchise

If awarded a franchise, franchisees may receive a great deal of support from the Famous Toastery brand throughout the franchising process. In addition to pre-opening training, Famous Toastery franchisees could receive support through brand awareness, marketing, research, and construction.

As you decide if opening a Famous Toastery franchise is the right move for you, make sure you take time to explore the opportunity. You may want to speak to existing franchisees and ask the Famous Toastery franchising team questions and research the brand and your local area to see if a Famous Toastery franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a Famous Toastery franchise.

Company Overview

About Famous Toastery

Industry: Food

Related Categories: Breakfast/Brunch Restaurants, Miscellaneous Full-Service Restaurants

Founded: 2005

Parent Company: Holiday Park Partners LLC

Leadership: Michael Mabry, President

Corporate Address: 445 S. Main St., #400
Davidson, NC 28036

Social: Facebook, Twitter, LinkedIn, Instagram

Business Overview

Franchising Since: 2013 (10 years)

# of employees at HQ: 15

Where seeking: This company is offering new franchisees in the following US states: North Carolina, South Carolina, Tennessee, Virginia

# of Units: 25 (as of 2022)

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Famous Toastery franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee: $45,000

Initial Investment: $575,500 - $999,500

Net Worth Requirement: $500,000

Cash Requirement: $250,000 - $400,000

Veteran Incentives: 50% off franchise fee

Royalty Fee: 5%

Ad Royalty Fee: to 1.5%

Term of Agreement: 10 years

Is franchise term renewable?: Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing: Famous Toastery has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training: 744 hours

Classroom Training: 32 hours

Ongoing Support: Newsletter

Meetings & Conventions

Grand Opening

Security & Safety Procedures

Lease Negotiation

Field Operations

Site Selection

Franchisee Intranet Platform