|
Below is an in-depth analysis and side-by-side comparison of Fuzziwig's Candy Factory vs Metal Supermarkets including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $184,000 - $363,350 | $228,500 - $437,000 |
Franchise Fee | $30,000 | $39,500 |
Royalty Fee | 6% | 6%-2% |
Advertising Fee | - | 1% |
Year Founded | 1996 | 1985 |
Year Franchised | 2002 | 1987 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | $100 | $7.5K |
Business Experience Requirements |
||
Experience | The ideal candidate will possess the following: * Outgoing personality with a willingness to work hard to succeed * Ability to multitask and thrive in a fast-paced environment * Can effectively delegate and manage employees * Understands that building a business does not happen overnight * Willingness to work hard in order to achieve mid- to long-term meaningful financial rewards, versus short-term "home runs" |
|
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | Prior to your store opening, you'll have the opportunity to train at an actual Fuzziwig's Candy Factory store where you'll learn first-hand what it takes to run the business. You'll also benefit from classroom-style training led by our team of experienced business professionals. The training continues long after your doors open. Your Fuzziwig's Candy Factory Field Consultant will be in regular contact with you and you'll be able to network with corporate staff as well as other franchisees. Additional support is also provided through our Franchisee Center, periodic field training, seminars, and regional and national meetings. | On-The-Job Training: 120 hours Classroom Training: 60 hours |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives | 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 | - | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
Operations |
70% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)
|
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | No |
International Expansion | Yes | Yes |
The first Fuzziwigs Candy Factory store opened in 1995. The earliest stores were in Malls and Outlet Centers and focused on bulk candy, packaged candy and small toys. Later, stores started to sprout up in downtown "Main Street” type locations and began to incorporate Store Made products and Ice Cream. Today you will find Fuzziwig’s in Malls, on Main Streets and now in select Scheels All Sports locations.