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Below is an in-depth analysis and side-by-side comparison of La Salsa Fresh Mexican Grill vs Black Bear Diners including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $189,550 - $992,590 | $1,133,800 - $2,114,200 |
Franchise Fee | $25,000 - $50,000 | $55,000 |
Royalty Fee | 5% | 4.5% |
Advertising Fee | 3% | 1% |
Year Founded | 1979 | 1995 |
Year Franchised | 1989 | 2002 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | 6-8 weeks management training & at grand opening | On-The-Job Training: 240 hours Additional Training: At certified training restaurants |
Support | Meetings, Field operations/evaluations, Purchasing cooperatives | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Franchisee Intranet Platform |
Marketing | Co-op advertising, Ad slicks | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
Operations |
Franchisees required to buy multiple units/master licenses; 80% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | Number of Employees Required to Run: 65 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |