Got questions? We’ve got answers
Opening a Captain D’s is a big decision, and frankly we’d be surprised if you’ve gotten to this point in your research without jotting down a few questions. Here are some that we routinely are asked. We’re here and ready to talk if there’s even more you want to know.
Where is Captain D’s seeking new franchisees?
Captain D’s is seeking to expand our national footprint in select markets throughout the country.
How long is the term of a franchise agreement?
Our franchise agreements typically establish a 20-year initial franchise term.
How much is the franchise fee?
The initial franchise fee for each Captain D’s restaurant is $35,000. Qualifying veterans and new territory franchisees may receive a discounted fee of up to 1/2 off the initial franchise fee.
How much is the royalty fee?
We charge a 4.5% royalty on sales from your Captain D’s restaurant. Qualifying veterans and new territory franchisees may receive a discounted rate. The royalty fee ensures you receive ongoing operational support and allows continued use of Captain D’s trademarks.
How much is the advertising fee?
We charge an advertising fee of 1.1% of gross sales. This fee covers the compelling advertising campaigns, promotions and public relations programs developed and delivered by our marketing team to drive sales at your store and throughout the Captain D’s system. We ask all franchisees to spend between 2% and 4% of gross sales (depending on whether your market has an advertising co-op) toward local store marketing.
What are the minimum financial requirements for new franchisees?
An individual, a company, or a group of partners applying to open a new Captain D’s franchise must have $350,000 in liquid assets available for investment and a collective minimum net worth of $1,000,000.
What is the total estimated initial investment?
The expected initial investment for a 82-seat restaurant is $781,000 to $1,013,000. This amount excludes the cost of real estate, but does include site preparation and development.
Does Captain D’s offer financing?
We do not offer financing to franchisees; however, we can provide a list of banks and financing institutions that have expressed an interest in lending to Captain D’s franchisees. To facilitate financing, Captain D’s is listed on the SBA Registry.
Also through our partnership with BoeFly.com and their powerful resources and processes, franchisees have access to thousands of lenders through a single loan request. BoeFly is secure and puts you in the driver’s seat — improving your odds of accessing a small business loan and ultimately getting better terms. In addition, BoeFly automatically includes the Captain D’s material in your loan package that lenders need to see.
Financing questions? Through our relationship with BoeFly, you can receive a free consult. Just call 1-800-277-3158 and reference Captain D’s.
How does Captain D’s handle real estate?
We use sophisticated site-analysis tools that help franchisees assess sites based on trade area demographics and competitive intelligence. You’ll have the full support of our real estate team to give you confidence in choosing the best location. If you already own property, it will need to meet pre-established demographic and location criteria. Our real estate team can provide you with more information on our requirements.
Do you require franchise candidates to have previous restaurant experience?
We require that the franchise operator (not necessarily the franchisee) have at least two years of experience managing a retail business. If the operator is not the franchisee, we require the operator to have some ownership interest in the franchise.
I am interested in opening a franchise. How do I get started?
If you are an experienced restaurant or retail operator, are passionate about service and hospitality, and you meet our minimum financial requirements, please complete our Request Information Form.
What are the criteria for a Captain D’s Location
- Required Lot Size – 3/4 to 1 acre
- Building Size – 2,8042 ft.
- Minimum Parking Spaces – 35 to 40
- Minimum Traffic Count – 20,000 ADT
- Population – 20,000 (within 1 mile)
- Median Household Income – $40,000 – $65,000
- Employment Base – 5,000 (within 1 mile)
*variables exist depending on market
Additional Site characteristics
- Located in Primary Artery
- Preferably on the “Going Home” Side
- Great Ingress/ Egress
- High Visibility
- Near Big Box Retailers (Wal-Mart, Home Depot, etc.)
- Near other traffic generators (Hospitals, Malls, etc)
- Zoned for drive-thru window