Question 1

How much does it cost to open a Lee's Famous Recipe franchise?

Accepted Answer

The total initial investment for a Lee's Famous Recipe franchise ranges from $517K to $2.4M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Lee's Famous Recipe franchise fee?

Accepted Answer

The initial franchise fee for Lee's Famous Recipe is $35K.

Question 3

What are the net worth requirements for a Lee's Famous Recipe franchise?

Accepted Answer

Net worth requirements for Lee's Famous Recipe are specified in the Franchise Disclosure Document.

Question 4

Does Lee's Famous Recipe require a personal guarantee?

Accepted Answer

Yes, Lee's Famous Recipe requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Lee's Famous Recipe franchise?

Accepted Answer

Equipment costs for a Lee's Famous Recipe franchise range from $229K to $390K. Initial inventory costs range from $6K to $32K.