|
Below is an in-depth analysis and side-by-side comparison of Figaro's Pizza vs Green Mill Restaurant & Bar including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $86,500 - $549,000 | $1,000,000 - $1,500,000 |
Franchise Fee | $39,000 | $40,000 |
Royalty Fee | 5% | 4% |
Advertising Fee | 3% | - |
Year Founded | 1981 | 1975 |
Year Franchised | 1986 | 1991 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/No |
Start-up Costs | No/Yes | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | On-The-Job Training: 59 hours Classroom Training: 55 hours Additional Training: At headquarters & in the field | - |
Support | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media Website development | - |
Operations |
61% of all franchisees own more than one unit Number of employees needed to run franchised unit: 9 - 13
Absentee ownership of franchise is allowed. (39% of current franchisees are owner/operators)
| - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | Yes | No |
* Established in 1975 * Nearly 30 franchised locations * Winners of over 100 food awards * Full-service restaurant and bar * Free-standing locations or hotel experience - Currently connected to 14 hotel properties Proven Catering * On and off-site catering expertise * Awarded Best Wedding Catering in 2012 by Mpls.St.Paul Magazine - Won judges and people's choice * Best of The Knot 2014 * Best of The Knot 2015 * Cater thousands of events each year - Weddings - Banquets - Business meetings - Parties Proven Business Model * Strong brand * Helps drive REV PAR in hotel properties * Low royalty and advertising fees * Comprehensive operations and training programs * Ongoing menu development * Marketing support Proven Leadership * Over 100 years of leadership and restaurant experience on team - Paul Dzubnar, CEO (17 years) - Mary Jule Erickson, President (31 years) - John Hinz, CMO (18 years) - Tim Kreiser, VP of Operations (15 years) - Pete Waldon, Executive Chef (26 years)