|
Below is an in-depth analysis and side-by-side comparison of Sangster's Health Centres vs I.M. DRIPBaR including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $125,000 - $160,000 | $116,300 - $517,700 |
Franchise Fee | $25,000 | $55,000 |
Royalty Fee | 5% | - |
Advertising Fee | - | - |
Year Founded | 1971 | 2019 |
Year Franchised | 1978 | 2019 |
Term Of Agreement | 2-5 years | - |
Term Of Agreement | 2-5 years | - |
Renewal Fee | $5K | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/Yes | -/- |
Inventory | Yes/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | - |
Support | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
Operations |
5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
Since 1971, Sangster's Health Centres have offered customers a line of over 250 health products. The Saskatoon, Saskatchewan-based chain sells vitamins, minerals, herbs, organic foods, sports nutrition and weight loss products to customers throughout Canada.