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Below is an in-depth analysis and side-by-side comparison of Edible Arrangements vs Potatopia including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $189,750 - $348,950 | $182,725 - $475,150 |
Franchise Fee | $30,000 | $35,000 |
Royalty Fee | 5% | 6% |
Advertising Fee | 5% | 1.5% - 2% |
Year Founded | 1998 | - |
Year Franchised | 2000 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $2K | - |
Business Experience Requirements |
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Experience | *Customer service aptitude *Financial management skills *Managerial experience *Motivation and a strong desire to succeed *Willingness to follow a proven system *The ability to personally devote the time and effort necessary to build, manage and supervise an EDIBLE ARRANGEMENTS® business or enterprise | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | Our initial training program for all new franchisees includes two weeks of hands-on training at EDIBLE UNIVERSITY at our corporate headquarters in Wallingford, CT, and in-store training at an EDIBLE ARRANGEMENTS training store. Franchisees receive instruction on sales, management, production and customer service procedures during this time. Once you've graduated from 'EU' and are ready to open your new EDIBLE ARRANGEMENTS store, an EDIBLE ARRANGEMENTS Field Business Leader will come to your store to assist with additional on-site training through your store opening. And, with our proprietary e-Learning software, you and your employees can continue to learn store processes and more with real-time updates right from your store. | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | - |
Operations | Absentee Ownership Allowed Number of Employees Required to Run: 6 - 7 | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
At Potatopia®, we're committed to the accomplishment of our Franchise Partners and are centered around giving world-class support and administration in view of regard and trust. When you join the Potatopia family, you'll be working with experienced experts who have broad brand building, promoting, improvement, and operational involvement in all elements of the foodservice establishment industry. Here's a little taste of the administration you'll get:
Land and Store Development
• Prototypical plan and theoretical designs for new establishments
• Assistance with land administrations including a committed renting group that will proactively distinguish new land openings and lead LOI proposition, rent arrangement, and rent survey
• Full Build out Support with a Certified Project Manager
The Investment
Potatopia has made two center store models to look over. We are looking for profoundly energetic and conscientious people to dispatch and work these adaptable models. The underlying speculation important to start the operations of a Potatopia eatery ranges from $182,725 to $297,050 for a booth area and $265,775 to $475,150 for a customary area. Establishment Fee Discounts are accessible for multi-unit improvement assentions.
Least prerequisites
• Cash liquidity of $100,000
• Net worth of at any rate $300,000
• $35,000 franchise fee