|
Below is an in-depth analysis and side-by-side comparison of Smoothie King vs Ziiing Yogurt including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $269,550 - $845,985 | $165,636 - $506,600 |
Franchise Fee | $30,000 | $25,000 |
Royalty Fee | 6% | 6% |
Advertising Fee | 3% | 2% |
Year Founded | 1987 | - |
Year Franchised | 1988 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | > Understanding and agreement with the Ziiing Frozen Yogurt concept of high standards, operations and customer service. > Desire and ability to participate and conform with our operating system. > An enthusiastic and entrepreneurial spirit. > Willingness to devote full-time efforts to this business. > A minimum net worth (for single-unit operators) of $350,000 with at least $75,000 to $100,000 liquid. > Consistent employment or business ownership history. > Working knowledge of accounting and financial reports. > Strong communication and organizational skills. > Management experience. | |
Financing Options |
||
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 |
||
Training | - | 1-day orientation, then a week at our corporate office and corporate store. The last portion of training consists of a corporate approved trainer going to your location & being there with you & your staff during the first week of opening. |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, National media | - |
Operations |
60% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 9
Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |