|
Below is an in-depth analysis and side-by-side comparison of Figaro's Pizza vs Papa Bello including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $86,500 - $549,000 | $163,000 - $318,300 |
Franchise Fee | $39,000 | $25,000 |
Royalty Fee | 5% | 6% |
Advertising Fee | 3% | 2% |
Year Founded | 1981 | 2005 |
Year Franchised | 1986 | 2006 |
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/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 | At Papa Bello, we're committed to the success of our franchise owners. For this reason we have put together a comprehensive three week training program to ensure the transition into your new life as a Papa Bello Franchisee is a smooth and easy one. Following your acceptance as a Papa Bello franchisee, you will be scheduled to begin the Papa Bello comprehensive training program. Your training will cover: * Administration and Store Development * Human Resources - Recruiting, Interviewing, Hiring, Training and Motivating * Store Opening and Closing Procedures * Bookkeeping * Working together with WAL*MART (as applicable) * Products * Food & Paper Cost Guide * Delivery * Customer Service * Inventory Control * Sanitation * Equipment Care and Maintenance * Marketing * POS (Point Of Sale) System Operation The Papa Bello training program covers every aspect of store management and operations. Upon graduation, you will have mastered the skills and knowledge needed to successfully manage your own Papa Bello Pizza restaurant. Plus, the Papa Bello training team is always available should you have questions once your store opens. Our main goal is your success! |
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 | - |
International Expansion | Yes | - |
Papa Bello joined the thirty three billion dollar pizza industry under the most desirable circumstances - being located inside WAL*MART stores. WAL*MART locations are always available throughout the entire United States. Growing along side the number one retailer in the world has ensured that Papa Bello is quickly becoming a household name. The approx. 2000 sq. ft. of restaurant space we have at the front door entrance allows us to capitalize on the thousands of people who shop at WAL*MART each day. Customers can come in and enjoy our superior dine-in food and service OR get a fresh, made to order Take-N-Bake pizza for later OR they can even get their pizza delivered. Papa Bello Pizza truly is the formula for success.