Crave Hot Dogs & BBQ

Crave Hot Dogs & BBQ

Crave Hot Dogs & BBQ franchises quick-service restaurants, express outlets in Walmart locations, food trucks, and multi-unit developments offering hot dogs, cased meats, barbecue items, beverages, appetizers, and side dishes. Restaurants may serve beer and wine, with larger ones optionally adding axe throwing lanes, while food trucks do not offer alcohol. The business model relies on proprietary recipes, systems, trademarks, and operational standards to provide casual fast-casual dining, targeting customers in high-traffic areas like malls, strip centers, Walmarts, and public spaces.

22
Locations
$261K–$1069K
Investment
Since 2018
Franchising
Food & BeverageCasper, WYRincione Investments LLCwww.iwantcrave.comDisclaimer

Franchise Costs


Franchise Fee
$45,000
Item 5 of FDD
Initial Investment Range
$260,600 $1,068,500
Low: $260,600High: $1,068,500
Item 7 of FDD
Royalty Rate
8.00%
of gross sales
Brand Fund
2.00%
Item 6 of FDD
Fixed Monthly Fees
$437 – $1,548
Item 6 of FDD

8% royalty + 2% brand development fund + $437-$1,548/mo fixed tech/software fees (POS, apps, CO2, menu board, mystery shopper)

Financial Performance


Item 19 Financial Performance

This franchise did not provide Item 19 financial performance data.

Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.

Extracted Item 19 Section

How Crave Hot Dogs & BBQ Compares


Key Insights

  • Lower than average SBA loan default rate in Fast Food
FranchiseInvestmentFeeRoyaltyLocations
Crave Hot Dogs & BBQ
Current
$261K – $1.1M$45K8.0%22
MCDONALD'S$1.5M – $2.6M$45KN/A12,772
AFC$45K – $151K$6K9.5%3,572
SONIC DRIVE-IN$1.7M – $3.1M$15K5.0%3,441
JIMMY JOHN'S$366K – $728K$35K6.0%2,647
ARBY'S$645K – $2.5M$38K4.0%2,316
Fast Food Average
126 franchises
$594K – $1.5M$35K6.1%

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 126 Fast Food franchises by location count.

Locations & Growth


Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2024)

Outlets by state across the United States

Top States
1NC
6
2FL
4
3TX
3
4GA
2
5TN
1
6SC
1
7VA
1
8CO
1
9AZ
1
10WI
0
11IA
0
12IL
0
13LA
0
14MI
0
15OK
0

+2 more states

SBA Loan History


Historical SBA 7(a) loan data for Crave Hot Dogs & BBQ franchisees (20192025)

Total Loans
36
Average Loan
$518,247
Total Volume
$18.7M
Default Rate
5.6%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts


57 franchisee contacts on file from official FDD filings.

NameSBA Loan
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active

57 Contacts Available

Unlock all Crave Hot Dogs & BBQ franchisee contacts with verified contact information

Due Diligence


Litigation (Item 3)

Franchisee Cases1

Franchisee claims of fraudulent misrepresentation, violations of Michigan Franchise Investment Law, and FTC Franchise Rule.

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
1
Non-Renewals
0
Reacquired
0
Ceased Ops
8
Transfers
4
Sold to Franchisees
0
Projected New
75

Frequently Asked Questions


The total initial investment to open a Crave Hot Dogs & BBQ franchise ranges from $260,600 to $1,068,500. This includes a franchise fee of $45,000. Ongoing royalty fees are 8.0% of gross sales.

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