A. It all depends on what the franchisor thinks is best.eval(ez_write_tag([[468,60],'startupback_com-banner-1','ezslot_11',140,'0','0'])); However, it provides an opportunity for prospective franchisees to make recommendations or suggestions about likely locations they feel will be best to open a Raising Cane’s Franchise outlet. They provide 25, 50, 75, and 100 pieces of chicken wings with a Raising Cane’s Tailgate Prices range from $89.99+ for 100 pieces, $69.99+ for 75 pieces, $48.99 for 50 … Want to become part of a thriving global restaurant franchise brand? Is franchising available for Raising Cane’s®? A, October 11, 2011). Every prospective franchisee will want to know the cost implications for owning a Raising Cane’s franchise. This is useful in estimating the financial strength and credit risk of the company. If you continue to use this site we will assume that you are happy with it. This brand has succeeded in the opening over 500 restaurants across different locations. It is also logical to say that conditions aren’t uniform across all locations. Contact Raising Canes Franchise Owners. 637 K J’aime. A. Additionally, we are closed on all major holidays like New Year’s Day, Easter, July 4th, Memorial Day, Thanksgiving, Christmas, etc. So, when will such franchise opportunities become available for prospective franchisees? Raising Cane’s has only six franchise partners who together run 90 different franchise locations. There are other applicable fees which aren’t fully disclosed by the franchisor.eval(ez_write_tag([[300,250],'startupback_com-box-4','ezslot_9',139,'0','0'])); To get the full details on these and other requirements, you will need to go through Raising Canes’ franchise disclosure document (FDD). Click here to see a list of locations unable to redeem gift cards. Raising Canes Tailgate Prices. However, this is only one such factor and won’t entirely determine if a franchise will be more profitable or not. Required starting investment from 768100 usd. Compare how recession-proof Raising Canes Usa is relative to the industry overall. How much does a Raising Cane's franchise cost? The franchise cost includes the franchise fee of around $45,000. What does this mean? Hence its franchise openings for interested investors from all across the world. Raising Cane's was founded 2015 and is franchised since 2015. It seeks to spread this tradition across the world. Overall, higher investments should result in higher profits. This is in addition to a royalty fee of 5%. Raising Cane’s is planning to begin building in early September, Williams said. The royalty fee is a recurring fee and is a percentage of gross sales made within a period. All rights reserved. How Much It Cost to Open a Raising Cane’s Franchise We recommend seeking legal help with interpreting the contents of the FDD. ©2020 Raising Restaurants, LLC. A. Panda Express founder Andrew Cherng’s Panda Restaurant Group has signed a deal with Raising Cane’s Chicken Fingers to franchise the brand in Hawaii and Alaska.. Cherng, who is also a … Several of our franchise restaurants located in airport or university dining facilities are unable to process the gift cards. Founded by Todd Graves in 1996 in Baton Rouge, La., Raising Cane’s Chicken Fingers has more than 290 restaurants in 22 states with multiple new restaurants under construction. We use cookies to ensure that we give you the best experience on our website. Other qualities include having people skills. The renewal term is for 10 years. Raising Cane’s® offers a limited menu of chicken finger meals. More on that here. Raising Cane’s® is a rapidly growing restaurant concept specializing in quality chicken finger meals, great people, a great atmosphere and good times. This is not necessarily indicative of a poor system, just a slower growth rate. Is franchising available for Raising Cane’s®? However, no definite figure can be given because lots of factors determine profitability. RAISING CANE’S CHICKEN FINGERS, RAISING CANE’S, ONE LOVE, logos and related marks are trademarks of Raising Cane’s USA, LLC. This brand has succeeded in the opening over 500 restaurants across different locations. Your email address will not be published. The franchisor requires that you must be sales driven, must love what you do, and be committed and motivated to exceed its set standards. The other nearest Raising Cane's are in the Chicago and Louisville areas. Raising Cane's has a franchise fee of up to $45,000, with a total initial investment range of $768,100 to $1,937,500. However, after this period elapses, you have the option to renew. The only other Indiana franchise so far officially opens today in Mishawaka, Indiana, near South Bend. This is only possible after you’ve indicated an interest by filling its online application form. See All See All. Does it hold significant potentials for investors? Currently they are only focused on developing their own corporate stores and supporting these franchise partners. Raising Cane's is hiring a Regional Leader of Training - Cincinnati in Cincinnati, Ohio. These are meant to increase the chances of success. Our gift cards are redeemable at most Raising Cane’s restaurants throughout the country. They include local demand for your product, applicable commercial lease rates, labor cost among other things. The estimated investment required to open a Raising Cane's Chicken Fingers Franchise is between $768,100-$1,937,500. As a Crewmember, you’ll work hard and be handsomely rewarded for a job well done. Raising Canes has said they plan on temporarily holding off new franchise applications. Raising Cane’s has a positive Net Franchise Growth Rate at 31, though it is significantly lower than the average rate of 97. You’ll need to carefully go through its content to decide if it’s the right opportunity or not. It is located near a major interstate and along the Gulf Coast beaches. Other forms of benefits include marketing, grand opening, field, and field support among others. But if you have a recommendation for a location, please Contact Us. Raising Cane's Co-CEO & COO, AJ Kumaran shared this message highlighting our growth, opening 60 restaurants and hiring over 8,000 Crewmembers amid the pandemic, and the expansion of our journey across the U.S., and ultimately the world. Raising Canes franchise is very adamant about not placing a new location near a direct competitor (Olds. Raising Cane’s is on a growth trajectory unlike most concepts in the crowded restaurant space. Founded in 1996 by Todd Graves, the Raising Cane’s franchise has grown to become one of the trusted fast food brands among clients and investors alike. New FDD Document for RAISING CANE’S franchises. This comes with a total initial investment range starting from $768,100 to $1,937,500. What This Franchisor Seeks A hint is provided in its advice for prospective franchisees to contact it for suitable franchise locations. Please check our restaurant hours listed on our website and/or call the location to confirm their hours or operation. Unfortunately, we are not entertaining franchise or development opportunities anywhere at this time. This is very crucial to the process of owning this franchise opportunity. In some locations, factors such as lease rates will determine your overall profit. This franchise opportunity specializes in quality chicken finger meals. Raising Cane's is entering two of its newest markets aboard Panda Express. Unfortunately, we are not entertaining franchise or development opportunities anywhere at this time. Raising Cane’s Prepares to Bring Its ONE LOVE® to Denver’s Hampden Neighborhood Popular brand known for unrelenting focus on Crew, Culture and quality chicken finger meals to hire more than 100 Crewmembers for February op Raising Cane's increased sales by a whopping 25.9% in 2016, reaching the No. Most times, financing covers several areas such as the franchise fee, veteran discounts among others. Consider the chain’s sales in 2016 were about $576 million with about 250 units. So, franchisees in regions with lower lease rates will tend to spend less on a lease, thereby making them more profitable as compared to those with higher leases. There’s hands-on training in addition to class training which can be offered wherever the franchisee feels decides. The pros to the area of choice is the expectation that many hungry travelers frequent this area. The closure came after an unsuccessful lease negotiation. Currently, we are focused on the rapid development of company-affiliated restaurants in a very specific geography, while continuing to support our existing franchise business partners. Tailgate menu consists of 50 pieces of chicken wings or 100 pieces of chicken wings. In preparing this menu, it takes into account the needs of the client and caters to such professionalism and dispatch. So, you can go right ahead if you think it fits your investment needs. Plus, its community of great people makes investing a worthwhile franchise venture. Why Is Raising Canes closed? Your email address will not be published. This fast food franchise has locations around the US and internationally. Benefits come by way of training and financing. Each one of our Crewmembers and Managers supports the company in What We Do – The Perfect Box, Fast, Friendly, Clean & Have Fun! Owning a Raising Cane's Chicken Fingers franchise is a serious commitment and works best when you make a thoughtful, educated decision. Check out the Restaurant Locator page. Raising Cane's has a franchise fee of up to $45,000, with a total initial investment range of $768,100 to $1,937,500. A. 1 spot on Nation's Restaurant News annual list of the fastest-growing chains by sales in the US last July.. The Raising Cane’s franchise wants to partner with investors having a unique set of characteristics that include believing in its vision for the future, must have had some level of operating experience and ownership of multi-unit food service with a proven track record of success. Get your Raising Cane's franchise oportunity. The closure times vary at the different locations so please use our Restaurant Locator and call them to verify the times. It seeks to spread out to more locations with the help of its franchisees. Local real estate brokerage firm Kurz & Hebert are looking to lease the restaurant site to another company. Founded in 1996 by Todd Graves, the Raising Cane’s franchise has grown to become one of the trusted fast food brands among clients and investors alike. Raising Cane’s franchise agreement allows franchisees to operate its franchise for an initial term limit of 20 years. While a new recession may strike a particular industry, measuring the industry and company's robustness during the last recession estimates its … *Raising Cane’s, ONE LOVE, The Box…are federally registered trademarks of. Just because you love Raising Cane's Chicken Fingers’s products or services doesn’t mean that you will be able to successfully operate a … The official Raising Cane’s® Facebook Fan Page! Most of our restaurants are open beginning at 10 am every day of the week. Required fields are marked *, Red Rooster Franchise Cost And Opportunities, A & W Restaurants Franchise Cost And Opportunities, Saladworks Franchise Cost And Opportunities, McDonald's Franchise Cost And Opportunities, Jack In The Box Franchise Cost And Opportunities. Several of our franchise restaurants located in airport or university dining facilities are unable to process the gift cards. One of the best ways to thoroughly research a franchise or business opportunity investment before purchasing one is to get feedback from current and former franchisees involved in the franchise system. Review all of the job details and apply today! Our gift cards are redeemable at most Raising Cane’s restaurants throughout the country. Business Ideas | Business Plan | Franchise Cost | Startupback, Raising Cane’s Franchise Cost And Opportunities. Although Raising Cane’s offers financing to its franchisees, it doesn’t specify what type of financing they get. Raising Cane’s franchise might be the answer you seek. Unfortunately, we are not entertaining franchise or development opportunities anywhere at this time. Some locations have higher lease rates than others. The RAISING CANE’S FDD contains detailed information every prospective franchsiee should see. About Raising Cane's Chicken Fingers Currently, we are focused on the rapid development of company-affiliated restaurants in a very specific geography, while continuing to support our existing franchise business partners. You’ll have to find this by discussing it with its customer care after you’ve been contacted for further discussions. 1 History 2 Mascot 2.1 International expansion You are contacted for further discussion and presented with the document containing all the terms of the franchise agreement. Q. The answer is yes! However, existing franchisees won’t be left stranded but will continue to get the best support. Certain conditions may be attached to renewal terms for franchisees. It seeks to spread out to more locations with the help of its franchisees. This depends on the size of the franchise you seek or the number of units you want. So, what exactly are these factors that determine profitability? It appears as though the franchises that do open are staying open and operating at sufficient levels, which is cause for optimism. Determine whether Raising Canes Usa grew or shrank during the last recession. This includes values such as respect and rewarding crew members for their contributions. In … Home of ONE LOVE. Raising Cane's … If you like to work hard and have fun, we're looking for even more great Crew. Just that! The company has 432 restaurants & 27 states in the United States, plus an additional 21 restaurants in the Middle East. Raising Cane’s® Chicken Fingers is a fast-food restaurant chain specializing in chicken fingers. There is an initial franchise fee of $0-$45,000 which grants you the license to run a business under the Raising Cane's Chicken Fingers name. The company has 432 restaurants & 27 states in the united states, plus an additional 21 restaurants in the Middle East. Raising Cane’s franchise offers several benefits to its franchisees. Raising Cane's Chicken Fingers. Click here to see a list of locations unable to redeem gift cards. Raising Cane's Chicken Fingers is a fast-food restaurant chain specializing in chicken fingers, that was founded in Baton Rouge, Louisiana in 1996. We provide competitive benefits and perks to help you be your happiest, healthiest, most chickenthusiastic self. Also, ensure you meet its franchising criteria too! Although the food franchise is temporarily holding off on local franchising, you are assured that this won’t last long. Raising Cane’s business model includes a limited menu that is served fast and efficiently. Training is provided to franchisees to enable them to take off smoothly. All other trademarks are the property of their respective owners. The Raising cane’s franchise is a rapidly growing franchise opportunity with ambitious global expansion plans. —30+ days ago. benefits WORK HARD, PERK HARD. 2 Likes. Raising Cane’s® was founded by Todd Graves in 1996 in Baton Rouge, LA. Currently, we are focused on the rapid development of company-affiliated restaurants in a very specific geography, while continuing to support our existing franchise business partners. You’ll also need a working capital of about $90,000 to $250,000. There are no immediate plans to franchise new locations. Raising Cane's Chicken Fingers (also called Raising Cane's) is a fast-food restaurant chain specializing in chicken fingers founded in Baton Rouge, Louisiana by Todd Graves and Craig Silvey on August 26, 1996. 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