The equipment in the store is probably not included in those numbers. For tax purposes it is probably Personal Property which may or may not have a separate tax rate. But yes $3M in total might not be a bad estimate outside of the most expensive regions of the country.
As to Sales per store, it seems like Raisin Cain might average over $100k per week.
1. Chick-Fil-A ($6,710k)
2. Raising Cane’s ($5,440k)
3. Shake Shack ($3.800k)
4. Whataburger ($3,725k)
5. McDonald’s ($3,625k)
6. Culver’s ($3,280k)
7. Panera Bread ($3,230k)
8. In-N-Out Burger ($2,970k)
9. Chipotle ($2,800k)
10. Krispy Kreme ($2,760k)
Other notable chains:
15. Wendy’s ($1,973k)
18. Taco Bell ($1,900k)
21. Jack in the Box ($1,837k)
24. Starbucks ($1,680k)
27. Sonic ($1,600k)
28. Burger King ($1,508k)
30. Carl’s Jr. ($1,463k)
I’m not surprised Cane’s is up there with CFA. They don’t have the same schtick as CFA, with the quality hand-crafted menu-for-all and top-notch Yes Ma’am customer service. But the absolute dead simplicity of their menu must lead to very predictable margins for them. Crinkle cut fries, chicken strips, garlic bread, coleslaw, Cane’s sauce, and the occasional bun if someone orders a sandwich. And they do have happy, upbeat customer service, just not as fast as CFA (and I will never understand why such a simple menu yields such slow service).
The kids and teens f’n love the place. When the one in our town opened we had to have traffic control there for weeks.
Perhaps one appeal of Raising Cane’s is simply that it’s different from the burger chains and other fast food restaurants?
I’m not questioning the appeal. I love the place! I’m pointing out that their business model does seem ripe for high returns being that their menu is so un-complicated so food purchasing must be easier to manage than most places.
Raising Cain’s also has significantly higher prices than most fast-food places. Maybe they use more expensive ingredients, too, but they’re probably making higher margins than most fast-food places.
One other thing to keep in mind is that, after buying land and building a building, you now own land and a building. Worst-case scenario, if that location goes under, you can still sell the land and the building to someone else. It’s a real asset, and should not be overlooked in the accounting. And also, if you own the land and building yourself, you don’t have to pay rent for it, which means your margins go up even more.
Now I’m interested. Never heard of this chain. But I like chicken and fries. Any in the Northwest region of the USA?
I think it’s a love-or-hate thing. You either think their chicken and dipping sauce is amazing and don’t mind that their fries are mid because really they’re just a vehicle for moving more sauce, or you think the chicken strips are terrible and never want to go back.
Here’s a location finder. There’s one in Portland OR and one in Vancouver WA.
And I agree with @Chronos they are crazy expensive for what you get.