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Fast Eddie's |
Business Type
FranchiseMin Liquid Capital
$60,000 to $100,000Total Investment
$200,000 to $400,000Required Net Worth
$200,000Number of Units
10In Business Since
1989* For Current Info See:
Franchise Disclosure Document
Overview
On September 27, 1987, Fast Eddie's® was co-founded by
Ted and Mike Gorski in the city of Brantford Ontario, at the municipal
address of 9 Stanley Street. The business was originally structured as
a father and son partnership. The windows opened, the cars started
driving thru and the burgers were flying out faster than you could
imagine. After all, Fast Eddie's® 100% pure beef burgers originally
sold for sixty-nine (69 cents) everyday. Back then, everyday low prices
were not common amongst the burger giants. Ted & Mike knew that
their formula of high quality, fast service and extremely low prices
would take them far and win them accolades amongst their true burger
fans. Not surprisingly, their philosophy of quality, fast service and
low prices still exists as the cornerstone of their commitment to
"Ultimate Customer Value". Years and years have gone into developing
and refining the Fast Eddie's® "Speedy System" and we can honestly say
that we created what we consider to be the finest burger "Turn-Key
Franchise" in the industry.
Today, Fast Eddie's® offers "Fast Service" to it’s customers in a "Flashy" little building specifically designed as a Twin Drive-Thru Restaurant. Customers may be served from either side of the building simultaneously. Fast Eddie's® has the "Distinctive Advantage" of two (2) order stations, two (2) separate drive thru lanes and two (2) separate serving windows. Our ability to take two orders simultaneously distinguishes us from our competition by allowing us to serve customers very quickly, often in 40 seconds or less.
Today, Fast Eddie's® offers "Fast Service" to it’s customers in a "Flashy" little building specifically designed as a Twin Drive-Thru Restaurant. Customers may be served from either side of the building simultaneously. Fast Eddie's® has the "Distinctive Advantage" of two (2) order stations, two (2) separate drive thru lanes and two (2) separate serving windows. Our ability to take two orders simultaneously distinguishes us from our competition by allowing us to serve customers very quickly, often in 40 seconds or less.
Products & Services
Fast Eddie's® menu is "Uniquely Different" consisting
of high quality burgers, specialty fries and gourmet shakes. Fast
Eddie's® fries come in five different flavors trademarked under the
name "CrazyFrys®". Our milkshakes are "Gourmet Style" and come in
several different flavors and are offered as "WildShakes". We also
serve chicken burgers, soft drinks and specialty burgers called
"Sliders®".
Fast Eddie's® developed a proprietary "Speedy System" solely for the purpose of preparing and selling it’s products in the most efficient possible way. Efficiency is achieved through our especially designed "Brain-Training Program" allowing us to eliminate wasted time and effort in preparing and serving our customers. "Streamlining and Efficiency" is a Fast Eddie's® core philosophy. Evidence of our philosophy is apparent in our sleek little buildings, operational systems and training programs, all of which transcend time and allow Fast Eddie's® to continuously pass on savings to it's customers in the form of "Everyday Low Prices".
Fast Eddie's® developed a proprietary "Speedy System" solely for the purpose of preparing and selling it’s products in the most efficient possible way. Efficiency is achieved through our especially designed "Brain-Training Program" allowing us to eliminate wasted time and effort in preparing and serving our customers. "Streamlining and Efficiency" is a Fast Eddie's® core philosophy. Evidence of our philosophy is apparent in our sleek little buildings, operational systems and training programs, all of which transcend time and allow Fast Eddie's® to continuously pass on savings to it's customers in the form of "Everyday Low Prices".
Training & Support
For your franchise fee you receive:
- Site Selection and Lease Negotiation
- Fast Eddie’s® Building Drawings and Specifications
- Equipment Specifications and Kitchen Layout
- Engineered Hood System Design
- Six (6) Weeks In-Store Training, Opening Assistance and Ongoing Support
- Customized Operational Forms and Systems
- Health and Safety Program Set-Up
- Use Of Our Name and All Registered Trademarks
- Proprietary Recipes and Menu Design
- Food Purchasing and Distribution Arrangements
- Marketing Posters, Pictures, Coupons and Uniforms
Why Fast Eddie's?
- Food service sales in Canada are quickly approaching 50 Billion dollars annually.
- Food service sales are growing at about 3% year, twice the Canadian GDP.
- Limited Service "Sales per Store" grew 6.8% verses Full Service at 2.6%, 2001
- More than 64% of restaurant meals are sourced form QSR’s (quick service restaurants) – up from 58% in 1996. Less than 27% of restaurant meals are sourced from full-service restaurants (FSR’s)
- Off premise dining has outpaced on premise dining, driven largely by drive-thru service.
- Since 1996 drive-thru traffic has doubled from 8.4% to 18.1%.
- 2001 60% of all snacks were eaten away from the restaurant where it was purchased.
- Top 3 Foods: French fries, Hamburgers, Unsweetened baked goods.
- Top 3 Beverages: Coffee, Soft Drinks, Diet Soft Drinks
Are You a Good Fit for Fast Eddie's?
Fast Eddie's® is a franchised operation that requires a total
investment of $245,000 to $295,000. Although this money is available to
you by way of loan, we recommend that you have $70,000 to $100,000
available in unencumbered cash. We are of the belief that this amount
of money is required so that you do not have to carry unreasonable debt
load entering the business. If funds are to be borrowed against the
equity in your home, we recommend that the mortgage be supported by a
sufficient outside source of income. For example, one spouse continues
to work outside the business.