FAQ
For Franchise Information
Billy’s Franchise FAQ
When you open a Billy’s, rest assured that we are behind you 100%. Your success is our success and we want to make sure you have a complete understanding of the tools we are offering.
Below are some frequently asked questions to help you to get started.
What makes now the ideal time to invest in a Billy’s Gourmet Hot Dog franchise?
• Many people are surprised at how large the hot dog market is. According to the National Hot Dog and Sausage Council Americans consume 20 Billion hot dogs a year. That is about 70 per person per year. The food industry is competitive with a hamburger, chicken, or pizza joint on just about every corner. However, A Billy’s hot dog franchise will stand out from the competition. Our menu has adult and kid versions of hot dogs made from healthy ingredients with something for everyone. It’s fast, easy and convenient.
Is Billy’s Gourmet Hot Dogs an affordable franchise opportunity?
• We offer the flexibility of 3 franchising opportunities from a full brick and mortar store, to a food truck or mobile cart to fit your budget and/or business goals. You can choose just one or combine several or all.
What qualifications or experience do I need to be a Billy’s Gourmet Hot Dog franchise owner?
• While there are many attributes that are important for any successful business, we believe a love of hot dogs is pretty important for an impassioned franchisee operator of a Billys Gourmet Hot Dogs. . The desire to operate you own business and be your own boss is key. Relevant business experience and/or experience in the food industry is also very helpful.
How much does a Billy’s Gourmet Hot Dog franchise cost?
-What is the initial franchise fee?
• $30,000 for a store, $15,000 for a food truck, and $5,000 for a cart. In exchange for these fees you’re getting an experienced partner committed to your success.
-What is the royalty fee?
• 5% of gross revenues, although we don’t start assessing this fee until after you’ve been in operation for 90 days.
Can I select the site and build my own Billy’s Gourmet Hot Dog? What if I own the property?
• We will work with you to find the right location. Proper site selection is critical to your success, and we want you to be successful!
What is the availability of Billy’s Gourmet Hot Dog restaurants in my area?
• Billys is expanding into several markets. Please visit our area map for opportunities near you.
What are the net worth requirements to help *ensure* success?
• Running a successful business requires appropriate capital and resources. We believe you should have an approximate net worth of $500k for a Store, $100k for a Food truck, and $20k for a hot dog cart.
How much liquid capital do I need?
EEach situation may vary depending on the market and size of your store or truck. Generally we suggest liquid capital based on our franchise opportunity of:
• For a store: $188,950 – $349,500
• For a food truck: $98,400 – $132,700
• For a hot dog cart: $14,450– $20,575
Will Billy’s Gourmet Hot Dog help me with my new business?
• We believe that following a proven methodology is key to developing a sustainable business. We will walk you through the methodology Billy’s has painstakingly developed over the last 11 years.
Do I buy equipment and supplies from Billy’s Gourmet Hot Dog?
• We have a recommended list of equipment and supplies that should be used inside each store, food truck, or cart. They can be purchased from a variety of sources; you are not required to purchase them through us.
How long does it take to open a restaurant?
• For a store, it depends on the location: a restaurant-ready space should take about 4-6 months, an empty (grey-shell) location can take 9 months or longer. Typically a food truck will require about 2 months to source and fabricate to meet your market’s regulations including health and fire codes. Each truck and Cart must be assembled to meet your specific local codes.
I’ve never built a store before. Does Billy’s Gourmet Hot Dog provide additional assistance?
• Yes! You will work hand in hand with our award winning architectural and design team.
What steps do I need to complete to franchise with Billy’s Gourmet Hot Dog?
• The usual steps are:
1. Complete the online request
2. Initial phone interview
3. Conduct due diligence
4. Face-to-face meeting
5. Sign documents, pay franchise fee, and get going!