Crave Hot Dogs and BBQ
The total investment to open a Crave Hot Dogs and BBQ franchise ranges from $36,000 to $1.0M. The initial franchise fee is $45,000. Ongoing royalties are 8% plus a 2% advertising fee.
What is the Crave Hot Dogs and BBQ franchise?
Crave Hot Dogs and BBQ is a restaurant where customers can order hot dogs and barbecue. The estimated total initial investment is $36,000 to $1,037,500, and the initial franchise fee is $45,000, according to the 2024 Franchise Disclosure Document.
The royalty is 8 percent of sales, and the advertising or brand fund fee is 2 percent. The franchise agreement term is 10 years. The company was founded in 2018 and is headquartered in Orlando, FL.
Loan Activity Score
56/100
SBA Default Rate
5.6%
Active Lenders
12
According to its Franchise Disclosure Document or public business records, Crave Hot Dogs and BBQ has 25 locations, all owned by franchisees. Public SBA loan records show 12 lenders made 36 loans to franchisees of Crave Hot Dogs and BBQ. PeerSense calculates Crave Hot Dogs and BBQ's score as 56 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2024 Franchise Disclosure Document.
Franchising since 2018 · 25 locations
$36,000 to $1.0M
$45,000
25
25 franchised
Proprietary PeerSense metric
ModerateDistinct lenders in public SBA records for Crave Hot Dogs and BBQ
36
Total SBA loans
$518K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Crave Hot Dogs and BBQ
Loan Activity Score Breakdown
Established (25 to 99 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
5.6%
vs 10.3% peer avg
SBA Loans
36
Total Volume
$18.7M
Active Lenders
12
4 selective
States
14
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Crave Hot Dogs and BBQ based on SBA lending data
SBA Default Rate
5.6%
4.7% below peer avg
SBA Loan Volume
36 loans
Across 12 lenders
Lender Diversity
12 lenders
Avg 3.0 loans per lender
Investment Tier
Significant investment
$36,000 to $1,037,500 total
Crave Hot Dogs and BBQ: Deep SBA Data
Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.
Peak SBA Year
2021
11 approvals. The best year on record for Crave Hot Dogs and BBQ.
Top SBA State
Florida
7 SBA financed Crave Hot Dogs and BBQ locations, the densest operator footprint.
Average Loan Size
$518K
Median $506K. Use as a sizing anchor when modeling your own Crave Hot Dogs and BBQ unit.
Lender Concentration
55.6%
Concentrated
Share of Crave Hot Dogs and BBQ approvals captured by the top 3 SBA lenders.
Crave Hot Dogs and BBQ's SBA lending pipeline peaked in 2021 (11 approvals). The last five fiscal years account for 89% of cumulative volume ($18M approved). Operator density is highest in Florida with 7 SBA financed locations. Average funded ticket sits at $518K, with the median at $506K. Lender mix is concentrated: the top three SBA lenders account for 55.6% of approvals. Credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$373
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
Crave Hot Dogs and BBQ, unit breakdown
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman