Cool Hand Luke's is graded based on our most recent FDD research!
Cool Hand Luke's offers a full service steakhouse and bar.
Cool Hand Luke's has a franchise fee of up to $50,000, with a overall upfront investment range of $365,000 to $990,750.
The initial investment of any franchise includes multiple fees. Check out this investment opportunity to better understand the specific costs required to buy a Cool Hand Luke's, such as franchise fees, construction and costs, grand opening advertising, and technology fees. It should be noted that, franchise companies must to provide you with details about all upfront fees. These fees include those that are actually paid when signing the franchise agreement and commitments to fees you are required to pay.
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As with any new investment opportunity, there should be a strong ROI and net profit potential. The specific franchise owner's salary and the earnings from a Cool Hand Luke's business will depend on many factors. One way to validate the potential revenues or profits earned from a Cool Hand Luke's franchise investment is to review the franchisor's Item 19 within their FDD. This is called a financial performance representation. This is not required within a franchisor's disclosure and approximately 68% of all franchise companies in our database will disclose financial performance data within Item 19 of their FDD. Some franchise companies may disclose limited information such as average gross revenues. This type of information is not always helpful to determine profitability for you directly. So review overall sales data with caution. As expected, usually earnings and owner's salary are proportionate to the overall size of the upfront investment. The larger the initial investment, the larger return you should expect to see. Another factor to owner's salary potential is based on the number of locations you purchase. If you buy multiple locations (usually defined as Area Development Agreements), you can anticipate that as you launch the next unit, you will generate more revenue and profits overall. Demand for your products, your labor costs in your city, commercial lease rates and several other variables also play a huge role in your bottom line and your personal salary. Your future returns are associated with the overall franchisor's success. Your returns and owner's salary is not just reliant on how well your own location operates, you should assess how well the entire franchise system is operating. Determine how the franchisor earns income and review their financial returns.
For more details and system-specific data on the earnings of a Cool Hand Luke's franchise, unlock this franchise opportunity
As of the 2016 Franchise Disclosure Document, there are 8 franchised Cool Hand Luke's locations across the United States.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Based on 2016 FDD research, Cool Hand Luke's has franchise locations in 1 states. There may be no locations in several states as each franchise plans their growth strategy differently.
Based on the data collected this franchise is expanding into new cities and could be available in your city. While planning your franchise purchase, you should be considering what is a good location for my franchise. Anlayze the potential customer base to confirm that the area you are looking at has a need or customers for this brand.
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Last Reviewed: 2016
Yes, they have an initial training program of 222 hours. This includes N/A hours of classroom training, 222 hours of on-the-job training, and N/A hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
Cool Hand Luke's offers territory protections. For an explanation of territorial rights, unlock this franchise opportunity for more details.
No, Cool Hand Luke's does NOT offer comprehensive support for franchisees.
They began franchising in 2005. The average Steakhouse franchise began franchising in 1995.
No, but you can click here to fill out our affordability calculator and understand your financing options.