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Below is an in-depth analysis and side-by-side comparison of Hardee's vs Coneys Frozen Custard including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $1,454,000 - $2,046,000 | $129,250 - $194,500 |
Franchise Fee | $25,000 - $35,000 | $19,500 |
Royalty Fee | 4% | 6% |
Advertising Fee | 5.5% | 4% |
Year Founded | 1961 | - |
Year Franchised | 1962 | - |
Term Of Agreement | 20 years | 10 years |
Term Of Agreement | 20 years | 10 years |
Renewal Fee | Varies | 20% of current franchise 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 | Available at franchisee's location, 8 weeks management training & at grand opening | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
Operations |
Franchisees required to buy multiple units/master licenses; 100% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. | - |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
Coney's Frozen Custard is a reasonably priced new franchise opportunity featuring a variety of award winning frozen custard items and food menu items. A Coney's Frozen Custard franchise will use the Coney's trademark, signage and distinctive exterior and interior design, trade dress, decor and color scheme. It makes sense to buy a franchise that will bring customers in and keep them coming back for more.