|
Below is an in-depth analysis and side-by-side comparison of Figaro's Pizza vs 3 Tomatoes & A Mozzarella including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $86,500 - $549,000 | $452,000 - $600,000 |
Franchise Fee | $39,000 | $35,000 |
Royalty Fee | 5% | 5% |
Advertising Fee | 3% | - |
Year Founded | 1981 | 2000 |
Year Franchised | 1986 | 2003 |
Term Of Agreement | 5 years | 20 years |
Term Of Agreement | 5 years | 20 years |
Renewal Fee | - | $10K |
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/No |
Equipment | No/Yes | No/No |
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 | Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
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)
|
100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 30 - 30
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | Yes | Yes |
3 Tomatoes & a Mozzarella is a unique Tuscan-inspired restaurant with locations in Scottsdale, Arizona, Owasso, Oklahoma and coming soon to Las Vegas, Nevada. 3 Tomatoes and a Mozzarella offers mouth-watering pizzas as well as delicious paninis, tasty pastas, fresh salads and scrumptious desserts. Ingredients are brought in daily so everything is fresh. Most of the ingredients are sautéed or roasted before being incorporated onto our pizzas and pastas. Everything we serve is prepared in our kitchen. We prepare all of our own pizza and pasta sauces, pizza dough and breads, salad dressings, and desserts. We have redefined the neighborhood pizza concept. Come join us today to see what makes us so unique.”