America's #1 Franchise Directory, Trusted for Over 15 Years

Long John Silver's Franchise Cost & Fees

Date of Incorporation: 1969

Franchising Since: 1969

Headquarters: Louisville, Kentucky

 

Business Description: Long John Silver's (sometimes referred to as “LJS”) is a United States-based fast-food restaurant that specializes in seafood. Long John Silver's Restaurants offer a limited menu featuring fish, seafood, chicken and related items. The Restaurants are designed to serve food promptly and offer dine-in, take-out and in a significant number of Restaurants, drive-thru service.

 

Franchise Offer: The franchisee will operate a quick-service restaurant which offers a limited fish, seafood and chicken menu and complementary items.

 

Financial Assistance: The franchisor does not offer any direct or indirect financing nor do they guarantee any note, lease or obligation.

 

Training and Assistance: Long John Silver’s will provide a pre-opening management training program at locations and for periods of time as LJS designates. Four managers for an LJS Restaurant and five managers for a Co-Brand Restaurant must be certified by completing training in a certified LJS training restaurant to LJS's satisfaction within 30 days before opening. LJS may require and provide refresher courses and retraining programs for the franchisee’s executive, managerial, supervisory and other employees as designated by LJS. Additional training classes may be offered or required for restaurant management teams and store managers.

 

Territory: The Franchise Agreement will authorize the franchisee to operate one Restaurant at a specified address. LJS will not operate or franchise others to operate a Restaurant within a specified geographic area surrounding the franchisee’s Restaurant. LJS determines the Territory in its sole discretion and may base, its determination on anticipated customer counts and other factors. The Territory will be specified in the franchisee’s Franchise Agreement. Otherwise, the Territory is typically a one and one-half mile radius from the franchisee’s Restaurant. If the Restaurant is in a convenience and gas store, the Territory is generally a one mile radius from your Restaurant. LJS generally does not grant any protected Territory for Express Units.

 

Term of Agreement and Renewal: The term of the agreement is generally 20 years with two five-year options or concurrent with lease term not to exceed a total of 30 years. Renewal terms are subject to the franchisee being in good standing and complying with renewal conditions.

 

Obligations and Restrictions: The franchisee does not have to participate personally in the direct operation of the franchised Restaurant, but LJS strongly recommends direct personal participation. If the franchisee will not personally supervise Restaurant operations, at least one on-premises supervisor (manager) must be designated. The manager, and such other of employees as LJS designates, must successfully complete LJS's training programs. The franchisee may sell only those food and beverage products that LJS designates in the Operations Manual and meet the standards contained in the Operations Manual.

 

Estimated Number of Units: 1,250

 

Investment Tables:

Initial Investment

Freestanding Restaurant

Name of Fee Low High
Real Estate Not Included
Construction Costs $432,000 $759,000
Furniture, Fixtures & Equipment $220,000 $289,000
Signage/Awnings $35,000 $55,000
Initial Franchise Fee $20,000
Training Expenses $10,000 $25,000
Start-up Inventory $10,000 $20,000
Pre-Opening and Opening Advertising Fee $3,000 $5,000
Security Deposit, Utilities Deposits, Licenses and Other Prepaid Expenses $3,000 $30,000
Additional Funds (3 months) $100,000 $200,000
ESTIMATED TOTAL (excluding real estate costs) $833,000 $1,403,000

Power Pumper or Inline

Name of Fee Low High
Real Estate Not Included
Building Costs Including Site Work $200,000 $572,000
Signage $20,000 $40,000
Furniture, Fixtures and Equipment $229,000 $280,000
Initial Franchise Fee $20,000
Training Expenses $6,000 $25,000
Start-up Inventory $9,000 $11,000
Pre-Opening and Opening Advertising Fee $3,000 $5,000
Security Deposit, Utilities Deposits, Licenses and Other Prepaid Expenses $7,000 $11,000
Additional Funds (3 months) $80,000 $150,000
ESTIMATED TOTAL (excluding real estate costs) $574,000 $1,114,000

Co-Brand Restaurant (Ground Up Construction)

Name of Fee Low High
Real Estate Not Included
Building Construction Costs $361,000 $730,000
Equipment, Signage and Decor $265,000 $469,000
Site Work $168,000 $254,000
Miscellaneous Permits, Utility Deposits, Licenses and Architectural Costs $70,000 $90,000
Additional Funds (3 months) $209,000 $216,000
Start-up Inventory $5,000 $8,000
Initial Franchise Fee $10,000 $20,000
Training Expenses $10,000 $25,000
Pre-Opening and Opening Advertising Fee $3,000 $5,000
ESTIMATED TOTAL (excluding real estate costs) $1,101,000 $1,817,000

Co-Brand Restaurant (Conversion/Remodel)

Name of Fee Low High
Real Estate Not Included
Building Construction Costs $165,000 $289,000
Equipment, Signage and Decor $191,000 $320,000
Site Work $5,000 $7,500
Miscellaneous Permits, Utility Deposits, Licenses and Architectural Costs $20,000 $40,000
Additional Funds (3 months) $209,000 $216,000
Start-up Inventory $5,000 $8,000
Initial Franchise Fee $10,000
Training Expenses $10,000 $25,000
Pre-Opening and Opening Advertising Fee $3,000 $5,000
ESTIMATED TOTAL (excluding real estate costs) $618,000 $920,500

 

Other fees

Type of Fee Amount
Royalty 5% of gross receipts
Advertising 5% of gross receipts
Training Materials and Fees At actual costs for training materials
Cost of Testing Products and Equipment LJS's actual costs
New Restaurant Opening Training Labor Costs At actual costs
Additional Training About $200 per day plus travel costs
Transfer $2,000 per Franchise Agreement transferred
Audit Costs and expenses of audit, including travel expenses, accounting and legal fees, and interest on any understated or underpaid amount, if understatement or underpayment is 3% or more.
Late Fee The lesser of (i) the maximum permitted by Kentucky law or (ii) 1 34% per month from the due date until paid.
Indemnification Will vary
Attorney's Fees and Costs LJS's actual costs
Insurance Premiums Will Vary
Support Services Agreement Fees (Optional) $1,000-$1,500 one-time charges, then $1,800-$2,200 annual charges.
Standards Excellence Review LJS may cause a third party vendor to conduct Standards Excellence Reviews of your Restaurant. LJS currently does not charge franchisees any fees for these inspections except in the case of a refused entry, but it may do so in the future, and it may in appropriate circumstances claim the cost of inspections as an element of damages arising out of an event of default.

Date of FDD: 2012

The above information has been compiled from the FDD of Long John Silver's.

Franchise Direct's Disclaimer


Sign up to our newsletter and be notified about other franchise opportunities

Your E-mail Address

Confirm E-mail Address

 

You may be interested in the following franchises...

Marco’s Pizza Join the Pizza franchise started by a real Italian. Fresh, delicious, authentic pizza! Min. Cash Required:
$100,000.
Request Info

bb.q (Best of the Best Quality) The sky is no longer falling, Chicken Little! Choose from 3 fantastic fried chicken franchise options. Min. Cash Required:
$125,000.
Request Info

Your Request List

You can add items by clicking the "Add to Request List" button or checkbox when you find something you're interested in.

You may add up to 15 items to your Request List

Your request list will follow you around the site.

When you are ready to complete your request for free information, click "Submit" in your Request List.

Why not get started by browsing our New Franchise Opportunities or Low Cost Franchise Directory?

You may only enter 15 items in your Request List.

To request information from your selected companies, just fill in the form and click "Submit".

OK, got it

Request Info From:

  •  

Your List is Empty

You can add items by checking the "Request FREE Info" boxes.

* indicates required field

Optional Information

Join our mailing list!

Yes, I have at least $50k to invest and I'm interested speaking with a Franserve affiliated consultant.

Terms and conditions apply. We respect your privacy.

TRUSTe online privacy certification